August 20, 2017 2:31 PM 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 407,000 customers in Louisville and adjacent areas in Kentucky covering approximately 700 square miles in 9 counties; and natural gas service to approximately 324,000 customers in its electric service area, as well as in 8 additional counties in Kentucky. As of December 31, 2016, it owned 2,916 megawatt of electric power generation capacity. The company was ...

220 West Main Street

Louisville, KY 40202

United States

Founded in 1913

1,023 Employees

Phone:

502-627-2000

Key Executives for Louisville Gas and Electric Company

Chairman, Chief Executive Officer and President
Age: 61
CFO & Director
Chief Operating Officer and Director
Age: 59
Senior Vice President of Operations
Senior Vice President of Information Technology
Age: 62
Compensation as of Fiscal Year 2017.

Louisville Gas and Electric Company Key Developments

LG&E Unveils Electric Vehicle Charging Station in Louisville, Kentucky

Louisville Gas and Electric Company has unveiled the publicly-available electric vehicle charging station in Louisville, Kentucky, US. Located in the 1100 block of East Washington Street and its sister utility, Kentucky Utilities Company, will install across their service territories through a new Electric Vehicle Charging Station Program, approved by the Kentucky Public Service Commission in April.

Louisville Gas and Electric Company Unveils Electric Vehicle Charging Station in Louisville, Kentucky

Louisville Gas and Electric Company has unveiled the publicly-available electric vehicle charging station in Louisville, Kentucky, US. Located in the 1100 block of East Washington Street, the charging station is among the first of 20 public stations LG&E and its sister utility, Kentucky Utilities Company, will install across their service territories through a new Electric Vehicle Charging Station Program, approved by the Kentucky Public Service Commission in April Electric vehicle drivers who use the charging stations will pay an hourly fee. While exact fees and local taxes will vary depending on the location of each station, the average rate is about $3 per hour. The charging stations have an estimated power range of about 25 miles per hour of charging. The stations include the latest safety features - like charging plugs that lock in the stand when not in use - and use digital display screens and convenient quick-pay options.

Louisville Gas and Electric Company and the Sierra Club Reach Agreement over Water Discharge Dispute at LG&E's Mill Creek Power Plant

Louisville Gas and Electric Company (LG&E) and the Sierra Club, represented by Earthjustice, have reached an agreement on the handling of direct discharges from Mill Creek's ash pond to the Ohio River in southwest Jefferson County, pursuant to a Proposed Consent Decree filed on September 27, 2016 with the U.S. District Court for the Western District of Kentucky at Louisville. If approved by the Court, this settlement will resolve the active lawsuit between the two organizations over discharged water at LG&E's Mill Creek Generating Station under a permit issued by the Kentucky Division of Water. Per the terms of the proposed resolution, which includes no finding or agreement of any violation of law by LG&E and does not involve any fines or civil penalties, LG&E has agreed to: eliminate the use of a disputed open discharge point to the Ohio River by the end of 2016, with an exception for emergency situations or necessary maintenance; and conduct additional water sampling in the Mill Creek coal ash impoundment by the end of 2016 and submit sampling results to the Kentucky Division of Water. That sampling will coincide with additional work that LG&E will be undertaking to meet some of the new obligations imposed by the Environmental Protection Agency under its 2015 rule on Disposal of Coal Combustion Residuals. In addition, the proposed consent decree memorializes LG&E's existing plans for closure of the main ash pond at Mill Creek and for the station's compliance with the EPA's recently-revised Effluent Limitation Guidelines. Specifically, those plans include: completing closure of the Mill Creek coal ash impoundment by December 2021; and complying with new Clean Water Act regulations requiring enhanced treatment of wastewater at Mill Creek by 2022, with pilot testing completed by 2017. Additionally, LG&E has agreed to fund $1 million in environmental enhancement projects focused on forest development and water quality in the Commonwealth, primarily focused on southwest Jefferson County. The funding will be administered by an independent non-profit conservation organization. Now that LG&E and the Sierra Club have filed a proposed settlement with the Court, the U.S. Department of Justice will have 45 days to review it before the Court can approve.

Similar Private Companies By Industry

Company Name Region
AAction Mulch, Inc. United States
Austin Utilities United States
Bio-Energy Central Corporation United States
Columbia Utilities, LLC United States
CPS Energy, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Louisville Gas and Electric Company, please visit www.lge-ku.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.