PPL Chief: Utilities Purchase "Transformational"

By Rick Howlett The chairman of PPL Corporation is calling his company’s pending purchase of Louisville Gas and Electric Company and Kentucky Utilities a transformational event. James Miller says the acquisition will bring together three of the best utility companies in the United States and turn PPL into a more geographically diverse operation. “Most importantly, […]

Mayor: City/State Prepared Strong Bid For Utilities

By Rick Howlett Louisville Mayor Jerry Abramson says the city and state put together a competitive bid package for Kentucky’s two major utiltity companies but the process hit a snag several days ago. Instead, Louisville Gas and Electric Company and Kentucky Utilities will be purchased by Pennsylvania-based PPL Corporation for $6.7 billion, it was announced […]

LG&E, KU To Be Purchased By PPL Corp.

By Rick Howlett Officials with Pennsylvania-based PPL Corp. announced Wednesday that the company is purchasing E.ON U.S., which includes Louisville Gas and Electric Company and Kentucky Utililties. Rumors of a purchase of the Kentucky properties have been swirling for weeks; there were reports Friday that North Carolina-based Duke Energy would buy the properties. PPL, formerly […]