NYT Report: LG&E, KU up for sale for $6 billion

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WHAS11.com

Posted on March 1, 2010 at 10:51 PM

Updated Tuesday, Mar 2 at 1:29 PM

LG&E and Kentucky Utilities are reportedly for sale and Duke Energy is one of the top bidders.

The New York Times reports the bid could be as much as $6 billion.
E-on, a European company has owned LG&E and Kentucky Utilities since 2002.

LG&E is e-on's U.S. headquarters.  The Louisville Utility and Kentucky Utilities, which serves Lexington and other nearby counties, employ a total of 3000 workers.

LG&E and Kentucky Utilities have more than 900,000 customers, almost all of them in Kentucky.

When we reached a spokesperson tonight, she said she could neither confirm nor deny the reports.

The mayor's office said it has not been told of anything pending with LG&E.

 

 

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