July 25, 2017 7:59 AM ET

Electric Utilities

Company Overview of Duke Energy Kentucky, Inc.

Company Overview

Duke Energy Kentucky, Inc., an electric and natural gas public utility company, engages in the generation, transmission, distribution, and sale of electricity in northern Kentucky. The company generates electricity using coal. It also sells and transports natural gas. The company was founded in 1901 and is based in Cincinnati, Ohio. Duke Energy Kentucky, Inc. is a subsidiary of Duke Energy Ohio, Inc.

139 East Fourth Street

Cincinnati, OH 45202

United States

Founded in 1901

Phone:

704-594-6200

Key Executives for Duke Energy Kentucky, Inc.

Chairman & Chief Executive Officer - Cincinnati Gas & Electric Company
Age: 70
President - Cincinnati Gas & Electric Company
Age: 64
Principal Accounting Officer, VP & Controller of Cincinnati Gas & Electric Co.
Age: 58
Chief Risk Officer of Cincinnati Gas & Electric Co. and Senior VP of Cincinnati Gas & Electric Co.
Age: 59
Executive Vice President - Cincinnati Gas & Electric Company
Age: 71
Compensation as of Fiscal Year 2017.

Duke Energy Kentucky, Inc. Key Developments

The Kentucky Public Service Commission Approves Duke Energy Kentucky, Inc.'s Proposal to Construct Solar Pilot Project

The Kentucky Public Service Commission approved a proposal by Duke Energy Corp. to construct a nearly 7-MW solar pilot project as part of the company's plan to add more renewable energy in the next decade. The Kentucky Public Service Commission said in a July 10 order that it determined building and operating the project, which would consist of three solar arrays, would not negatively affect the company's operations or finances and would allow Duke Kentucky to take advantage of a 30% federal tax credit and low-cost solar panels. Additionally, it would supplement power produced from the company's fossil-fueled power plants. Duke Kentucky has entered into agreements to purchase the two sites where the solar facilities will be located, in Kenton and Grant counties. Solar renewable energy certificates will be generated as a result of the project and can be sold in Ohio, with part of the revenue coming back to Duke Kentucky's customers as a credit. The total cost of the project is projected to be $14.8 million, with operating and maintenance costs of $132,000 each year and no immediate impact on rates. Duke Kentucky said it would seek to recover costs from its ratepayers at some point in the future.

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Recent Private Companies Transactions

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