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PPL CEO Addresses E-ON Employees

by Gabe BullardAbout 200 Louisville Gas and Electric and Kentucky Utilities employees gathered at the Kentucky Center in downtown Louisville Thursday to hear about their companies' impending sale.Underneath a banner that read "Committed to Kentucky," PPL Corporation President and CEO Jim Miller told the workers that little will change if his company purchases LG&E and KU from E-ON US. The headquarters and management will remain intact, and PPL plans to hold on to the utilities and not sell them for profit."I couldn't be more thrilled about the great things I think we're going to do together," he said. "We're going to combine our learnings. We're going to exchange and steal best practices from one another."E-ON US CEO Vic Staffieri added that PPL will also maintain the utilities' philanthropic endeavors."PPL has committed to maintaining the same level of charitable contributions and community activities that LG&E and KU now provide," he said. "To sum it up: while our ownership may be changing, many things remain the same."The $7.6 billion sale still must be approved by public service commissions in Pennsylvania, Kentucky and Virginia, where some KU customers live

Gabe Bullard is the director of news and editorial strategy.