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. It is owned by LG&E and KU Energy , LLC, which, in turn, is owned by PPL Corporation .
15-419: Kentucky Utilities was formed in 1912 to serve five areas of Kentucky. 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.
30-601: A United States company or corporation involved in the energy industry is a stub . You can help Misplaced Pages by expanding it . Louisville Gas %26 Electric Louisville Gas & Electric (LG&E) is a utilities company based in Louisville, Kentucky . A subsidiary of PPL Corporation through the LG&;E and KU Energy subsidiary, LG&E serves over 429,000 electric and over 333,000 natural gas customers, covers an area of 700 square miles (1800 km ), and has
45-566: A definitive agreement under which PPL will acquire E.ON US for $ 7.625 billion. The sale was closed on November 1, 2010. Under its contract with the Kentucky Public Service Commission (PSC), LG&E estimates two out of every three months' of each customer's gas consumption. This allows the publicly traded company to ensure it hits projected revenue estimates reported quarterly to its stockholders regardless of actual customer consumption. Under its PSC contract,
60-447: A total regulated electric generation capacity of 2,760 megawatts . The President is John R. Crockett III. LG&E was formed in 1838 as Louisville Gas and Water but dropped its plans to provide water utilities in 1842 changing its name simply to Louisville Gas. LG&E was originally formed by investors with the intention of providing gas-fired street lighting which had been mandated in order to help prevent crime. Since 2011,
75-400: Is a 640 megawatt ( MW ), natural gas power plant owned and operated by Louisville Gas and Electric (LG&E). It is 10 miles (16 km) southwest of Downtown Louisville, Kentucky , in its Pleasure Ridge Park neighborhood. It was formerly a coal power plant until 2015. Cane Run began operation on its first unit in 1954 and expanded to six units by 1969. Its total generating capacity
90-452: Is completed. The subsequent quarter can then begin with several months of estimated reads that allow the company to report achievement of its projected revenue to stockholders. Consumer complaints show that in actuality this practice wildly overestimates customer usage for the first 5 months of a billing period in able for the company to report to stockholders that projected revenues were achieved and for employee bonuses to be dispersed, then for
105-957: Is now owned and operated by R. J. Corman Railroad. KU's facilities include the coal-fired generating station E. W. Brown Power Station, near Burgin, Kentucky . It sits adjacent to Lake Herrington, which was formed in 1926 by constructing Dix Dam , which contained hydro-electric generators. The company's electric distribution dispatch was located in Lexington until the consolidation of Louisville (LG&E) and Lexington (KU) distribution dispatch centers in 2019. Legacy Kentucky Utilities power generation facilities include Pineville Station (located in Fourmile, KY) and Tyrone Station (located near Frankfort, KY). These facilities have been demolished as of early 2020. Other facilities include various Customer Business Office locations, Electric Distribution Operations Centers, Service Center and Storerooms scattered across
120-417: The "Ice House". The facility was utilized for cold storage by Kentucky Utilities during the time when ice was part of its "Utilities" portfolio of offerings. The adjacent property on North Limestone Street utilized a power generation facility to provide DC (direct current) power for the city's trolley system in the early 1900s. This trolley system used the current rail line separating the two properties, which
135-402: The company is only required to attempt one actual, manual read of each customer's gas meter per quarter, and is only required to actually complete a manual read once per every six months. Under the company's stated theory, this means that although the customer has been billed based on estimates and anticipated revenue for 5 months, the account billed will true-up on the 6th month when a manual read
150-501: The company's bills are available to be paid at Walmart . The current electric generating stations serving the region include two coal -fired plants (Trimble County Generating Station and Mill Creek Station ), one natural gas / fuel oil combustion turbine , one hydroelectric plant ( Ohio Falls Station ), two natural gas facilities (Muldraugh and Magnolia Compressor Stations) and one natural gas combined cycle facility ( Cane Run Station ). PPL and E.ON announced on April 28, 2010,
165-441: The correction for overbilling to occur in the first month of the subsequent billing cycle, giving customers either just 1 out of 3 months with correct billing or just 1 out of 6 months with correct billing. If the cumulative total of manual reads equals revenue less than projected to stockholders, LG&E is permitted to spread the difference across its customers' accounts. Cane Run Station The Cane Run Generating Station
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#1732773109123180-453: The state and throughout the KU and ODP service territory. 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. This Kentucky -related article is a stub . You can help Misplaced Pages by expanding it . This article about
195-490: Was 943 ( MW ). Sulfur dioxide ( SO 2 ) scrubber technology, pioneered by LG&E, were installed at this plant in 1973. President Jimmy Carter visited the plant in July 1979 to promote energy security during the 1979 energy crisis . Units 1-3 were retired in 1987. The power plant was mired in a lawsuit in 2013 from nearby residents over its dispersion of coal ash . In preparation of converting to natural gas, Unit 6
210-417: 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. The company still owns a 4-story structure on the northeast side of Lexington on Loudon Avenue known as
225-580: Was shut down in March 2015. The final two units went offline in June 2015. At the same time, construction of Unit 7 was completed and began running on natural gas. The former coal power plant structure was demolished by implosion on June 8, 2019. This article about a United States power station is a stub . You can help Misplaced Pages by expanding it . This article about a building or structure in Kentucky
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