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LG&E, KU Sale Wins Tentative Approval

The Kentucky Public Service Commission has tentatively approved the purchase of Louisville Gas and Electric Company and Kentucky Utilities by Pennsylvania-based PPL Corp.The PSC today announced approval of a settlement involving a number of groups that intervened in the case. PPL has agreed not to raise base utility rates before the end of 2012. The company earlier pledged to keep LG&E and KU headquarters in place for at least 15 years. PPL announced in April that it had reached an agreement to purchase the utilities from E.ON U.S. for $7.6 billion. Louisville and state officials made a bid for public ownership of the companies but could not come to final terms.

Rick Howlett was midday host and the host of LPM's weekly talk show, "In Conversation." He was with LPM from 2001-2023 and held many different titles, including Morning Edition host, Assignment Editor and Interim News Director. He died in August 2023. Read a remembrance of Rick here.

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