LG&E and KU Energy
LG&E and KU Energy is a subsidiary of PPL Corporation, based in Louisville, Kentucky. It is composed of the following companies:
- Louisville Gas & Electric (LG&E)
- Kentucky Utilities (KU)
- Old Dominion Power (ODP) (a subsidiary of Kentucky Utilities)
- Western Kentucky Energy (generates electricity on behalf of Big Rivers Electric Corporation, a transmission and generation cooperative owned by Touchstone Energy)
The company was created in 1998, when LG&E Energy, parent of LG&E, acquired KU Energy, parent of KU and ODP. In 2000, Powergen, a British-based company, acquired LG&E Energy, which still operated under that name. In 2002, German-based E.ON acquired Powergen; the following year, in 2003, E.ON transferred the LG&E Energy group to its American subsidiary, E.ON US Holdings.
On April 28, 2010, PPL and E.ON announced a definitive agreement in which PPL will acquire E.ON US for $7.625 billion. The sale was closed on November 1, 2010, with E-ON US becoming LG&E and KU Energy.[1]
References[]
- ^ "PPL Completes Acquisition of Two Kentucky Utility Companies". PPL Newsroom.
External links[]
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