September 25, 2016 12:19 AM ET

Multi-Utilities

Company Overview of Louisville Gas and Electric Company

Company Overview

Louisville Gas and Electric Company, a regulated utility, engages in the generation, transmission, distribution, and sale of electricity in Kentucky. The company generates electricity through coal, oil and gas, and hydro sources. It also distributes and sells natural gas in Kentucky. The company provides electric service to approximately 403,000 customers in Louisville and adjacent areas in Kentucky covering approximately 700 square miles in 9 counties; and natural gas service to approximately 322,000 customers in its electric service area, as well as in 8 additional counties in Kentucky. As of December 31, 2015, it owned 2,919 megawatt of electric power generation capacity in Kentucky, Indi...

220 West Main Street

Louisville, KY 40202

United States

Founded in 1913

1,001 Employees

Phone:

502-627-2000

Key Executives for Louisville Gas and Electric Company

Chairman, Chief Executive Officer and President
Age: 60
Chief Financial Officer and Principal Accounting Officer
Chief Operating Officer and Director
Age: 58
Senior Vice President of Information Technology
Age: 61
Vice President of Communications
Compensation as of Fiscal Year 2016.

Louisville Gas and Electric Company Key Developments

Louisville Gas and Electric Company and Kentucky Utilities Company Unveil New Solar Facility in Kentucky

Louisville Gas and Electric Company and Kentucky Utilities have unveiled a new solar facility in Kentucky, expected to be fully operational by June 2016. The universal solar facility is projected to produce 19,000 megawatt-hours of energy annually, enough to provide energy for 1,500 homes based on a usage of 1,000 kilowatt hours per month. The new solar facility is part of LG&E and KU's continuous efforts to meet customers' energy needs while evaluating new potential energy options. The facility will allow the utilities an opportunity to learn more about this technology, including how commercial-scale solar energy is impacted by factors such as cloud cover and how it integrates with the existing generating units. The new 10-megawatt facility, approved by the Kentucky Public Service Commission in December 2014, stretches across 50 acres of the plant's property which also includes coal, natural gas and hydroelectric generation. It will consist of more than 44,000 solar panels on fixed-tilt rack systems that will be positioned to optimize the available sunlight for producing energy.

LG&E to Close Coal Ash Ponds at Mill Creek and Trimble County

Louisville Gas and Electric Company, LG&E, has announced plans to cap and close its remaining coal ash ponds located at Mill Creek and Trimble County Generating Stations. The details will be laid out in the utility's environmental compliance plan, which will be submitted to the Kentucky Public Service Commission on Jan. 29. The $316 million plan is necessary to meet the environmental regulations required by the US Environmental Protection Agency, including the Coal Combustion Residuals Rule (CCR) that became effective late last year. The EPA's CCR Rule established new requirements for the disposal of the byproducts left over after coal is safely burned to make electricity. In order to make these necessary operational changes, LG&E will seek Certificates of Public Convenience and Necessity from the KPSC to begin construction projects, and receive approval of the environmental compliance plan. Under the plan, LG&E will request approval for recovery of the costs to cap and close the ash ponds and build a process-water facility at the Mill Creek and Trimble County stations to meet the CCR Rule and additional mercury control systems to meet the Mercury and Air Toxics Standards (MATS). LG&E expects the projects to cost $311 million to meet the CCR Rule and $5 million for the MATS rule. The EPA determined that coal combustion residuals are non-hazardous materials and can continue to be beneficially used to make certain authorized products and for specific uses. The CCR Rule additionally established new standards that are expected to require over the next three years commencing, or completing in some cases, the closure of ash ponds and some other on-site wet storage sites that contain coal byproducts.

Louisville Gas and Electric Company and Kentucky Utilities Company Announce Management Changes

Louisville Gas and Electric Company and Kentucky Utilities Company announced that Ed Staton, vice president of State Regulation and Rates, and Greg Thomas, vice president of Electric Distribution, will retire in February and March 2016, respectively. Robert Conroy, director of Rates, will be promoted to Staton's role and John Wolfe, director of Electric System Restoration and Dispatch, will be promoted to vice president of Electric Distribution. Effective Feb. 1, 2016 Conroy will take over responsibility for development and implementation of the state regulatory strategy of the company, which includes maintaining compliance with applicable statutes and regulations at the state and local levels and managing the company's rates and regulatory function. Conroy joined LG&E in 1987 as an electrical engineer in Distribution Planning and moved to Generation Planning in 1991. He held various system planning analyst positions in generation until 2000 when he was promoted to group leader, Generation Planning. He was promoted again in 2001 to manager of Generation Planning and became manager of Rates in March 2004. He was promoted to his current position in February 2008. Effective March 1, 2016 Wolfe will become responsible for all Electric Distribution operations for Louisville Gas and Electric, Kentucky Utilities and Old Dominion Power. This includes Substation Operations and Maintenance, Electric Reliability, Forestry, Engineering Planning and Transportation. Wolfe was hired in 1991 as a mechanical engineer within Gas Operations. He advanced through various management-level positions in Gas Distribution Operations and Electric Distribution Operations -- including group leader of Gas Engineering and Planning; manager of Gas Service Center; manager of Operations Center; director of Distribution Operations -- before moving into his current role in 2013.

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