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)
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 was to 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
[edit]- ^ "PPL Completes Acquisition of Two Kentucky Utility Companies". PPL Newsroom.
External links
[edit]
 | This Louisville-related article is a stub. You can help Wikipedia by expanding it. |
 | This article about a United States company or corporation involved in the energy industry is a stub. You can help Wikipedia by expanding it. |
- Electric power companies of the United States
- Natural gas companies of the United States
- Energy in Kentucky
- Companies based in Louisville, Kentucky
- Energy companies established in 1998
- Non-renewable resource companies established in 1998
- American companies established in 1998
- 1998 establishments in Kentucky
- Louisville, Kentucky stubs
- United States energy company stubs