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August 28, 2015 9:20 PM ET

Electric Utilities

Company Overview of LG&E and KU Energy LLC

Company Overview

LG&E and KU Energy LLC, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity. It generates electricity through coal, oil and gas, and hydro energy sources. As of December 31, 2014, the company owned, controlled, or had a ownership interest in generating capacity of 8,077 megawatts in Kentucky, Indiana, and Ohio. It is also involved in the distribution and sale of natural gas in Kentucky. The company provides electric service to approximately 400,000 customers in Louisville and adjacent areas in Kentucky, approximately 515,000 customers in 77 counties in Kentucky, approximately 28,000 customers in 5 counties in southwestern Virginia; and pro...

220 West Main Street

Louisville, KY 40202

United States

Founded in 1990

3,482 Employees

Phone:

502-627-2000

Key Executives for LG&E and KU Energy LLC

Chairman, Chief Executive Officer and President
Age: 59
Chief Financial Officer and Principal Accounting Officer
Chief Operating Officer and Director
Age: 57
Director, Chief Executive Officer of PPL Corp and President of PPL Corp
Age: 58
Vice President and Deputy General Counsel of Legal & Environmental Affairs
Compensation as of Fiscal Year 2015.

LG&E and KU Energy LLC Key Developments

Brad Rives Plans to Retire as Chief Administrative Officer of LG&E and KU Energy Effective March 13

LG&E and KU Energy announced the retirement of one of its key leaders. Brad Rives, chief administrative officer, plans to retire March 13 after 32 years of service with LG&E and KU Energy. Rives began his service at Louisville Gas and Electric Company in 1983, when he joined the company as assistant manager of tax accounting. Since that time, he has held a variety of positions at LG&E and KU Energy including assistant treasurer; associate general counsel; senior vice president, finance and business development; senior vice president, finance and controller; and chief financial officer before being promoted to his present position in 2012. During his tenure at LG&E and KU, Rives has seen a transformation in the industry and the company. He helped lead the company through a number of business development activities such as the acquisition of the Argentine businesses, the merger with Kentucky Utilities Company and the acquisitions by Powergen, E.ON and PPL.

LG&E and KU Energy LLC Takes Loan Facility of $75 Million

LG&E and KU Energy LLC announced a financing agreement with local banks to fund $75 million in working capital needs. In addition to providing LG&E and KU Energy with needed funding, the arrangement supports regional economic development throughout the LG&E and KU service territories. LG&E and KU Energy teamed with PNC Capital Markets LLC and other regional and local banks to develop a $75 million senior unsecured revolving credit facility.

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