PPL acquired the two companies from parent E.ON U.S. for $7.6 billion. The deal was approved by the Kentucky Public Service Commission last month.
Tag: PPL Corporation
PSC Holds Hearing On Proposed LG&E, KU Sale
The PSC is expected to decide by month’s end whether to approve the deal. The utilities are currently owned by E.ON U.S.
Group Pushing For Local Ownership Of LG&E
Mayor Jerry Abramson says the city made a competitive bid for the utility in April, but hit a snag over a multi-million dollar ‘break-up’ fee that would have been forefeited if the sale had fallen through.