© 2023 Louisville Public Media

Public Files:
89.3 WFPL · 90.5 WUOL-FM · 91.9 WFPK

For assistance accessing our public files, please contact info@lpm.org or call 502-814-6500
89.3 WFPL News | 90.5 WUOL Classical 91.9 WFPK Music | KyCIR Investigations
Play Live Radio
Next Up:
Available On Air Stations
Stream: News Music Classical

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 is host of WFPL's weekly talk show, "In Conversation." Email Rick at rhowlett@lpm.org.

Did you enjoy this story?

Support more stories like this with a donation of $10 or $20. We count on donations from people like you for the majority of our funding.