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February 08, 2016 6:22 AM 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

LG&E and KU Energy Announces Retirement of Paula Pottinger as Senior Vice President of Human Resources

LG&E and KU Energy has announced the retirement of Paula Pottinger as senior vice president, or SVP, of human resources. Pottinger has been involved in a long list of key corporate initiatives since joining the company in 1987. She has held a number of management positions, overseeing organizational and executive development, compensation and human resource information systems, employee relations and human resources development before being promoted to Division Human Resource Director in 1997. She was promoted to vice president, Human Resources in 2002, and senior vice president in 2006.

LG&E and KU Energy Announces Executive Changes

LG&E and KU Energy 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. Throughout his career with LG&E and KU, Staton has been instrumental in a number of strategic initiatives. Most recently, he oversaw the utilities' rate cases in Kentucky and Virginia. In his previous role, as vice president of Transmission, he led the utilities through one of the most tumultuous times in the transmission industry, as a series of new processes and procedures were implemented to meet stricter reliability standards. Effective February 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, 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 Distrib ution 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.

LG&E and KU Energy LLC Borrows $400 Million to Repay Senior Notes

LG&E and KU Energy LLC has borrowed $400 million from PPL Capital Funding. The company has borrowed $400 million from PPL Capital Funding Inc., under terms of a promissory note that matures Nov. 13, 2025 and bears interest semiannually at a 3.5% annual rate. LKE used the proceeds to repay its 2.125% senior unsecured notes due Nov. 15.

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