Kentucky Utilities

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Kentucky Utilities (KU) is based in Lexington, Kentucky and provides electricity to 77 counties in Kentucky. KU also serves five counties in Virginia under the name Old Dominion Power.[1] It is owned by LG&E and KU Energy, LLC, which, in turn, is owned by PPL Corporation.

History[edit]

Kentucky Utilities was formed in 1912 to serve five areas of Kentucky.[1] In 1926, KU acquired Old Dominion Power. KU was acquired by LG&E Energy, parent of Louisville Gas & Electric, in 1998. This combination was then acquired by British utility company Powergen in 2000, and ultimately Powergen was bought by German utility company E.ON in 2003. E.ON renamed LG&E Energy as E.ON U.S. In 2010, E.ON U.S. was bought by PPL Corporation, who changed the name of the company to LG&E and KU Energy.

The use of the plural Utilities refers to the company's early sales mix of electricity and other utilities, including ice, which in its early days of mass-production, was made in some areas by electric utilities.

KU's facilities include Herrington Lake, near Burgin, Kentucky. It was formed in 1926 by constructing Dix Dam, which contained hydro-electric generators. The company's distribution dispatch is located in Lexington.

Acquisition by PPL Corporation[edit]

PPL and E.ON announced on April 28, 2010 a definitive agreement under which PPL would acquire E.ON US, the parent company of KU and Louisville Gas & Electric, for $7.625 billion. The sale was closed on November 1, 2010.[2]

References[edit]

  1. ^ a b About Kentucky Utilities
  2. ^ PPL press release: "PPL Completes Acquisition of Two Kentucky Utility Companies", November 1, 2010.

External links[edit]