- 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.
Contents
History
Kentucky Utilities was formed in 1912 to serve five areas of Kentucky.[1] In 1926, KU acquired Old Dominion Power. KU was acquired by Louisville Gas & Electric in 1998, forming LG&E Energy; 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
PPL and E.ON announced on April 28, 2010 a definitive agreement under which PPL will 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
- ^ a b About Kentucky Utilities
- ^ PPL press release: "PPL Completes Acquisition of Two Kentucky Utility Companies", November 1, 2010.
External links
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