Kentucky Public Service Commission

Kentucky Public Service Commission Selects Saber Partners, LLC as Financial Advisor for Utility Securitization

Retrieved on: 
Monday, August 21, 2023
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After a nationwide competition, the Kentucky Public Service Commission has chosen Saber Partners, LLC as its financial advisor for utility securitization according to Joseph S. Fichera , Chief Executive Officer, of the New York-based financial advisory firm.

Key Points: 
  • After a nationwide competition, the Kentucky Public Service Commission has chosen Saber Partners, LLC as its financial advisor for utility securitization according to Joseph S. Fichera , Chief Executive Officer, of the New York-based financial advisory firm.
  • Kentucky marks the ninth state utility regulatory commission to entrust Saber Partners with providing expert guidance on this complex financial product.
  • Saber Partners will play a key role in assisting the Commission in evaluating the fairness, equity, and public interest aspects of utility securitization proposals to benefit utility customers.
  • Saber is currently advising the Public Service Commission of South Carolina on securitization.

Kentucky American Water Files Rate Request Driven by $330 Million in Investment

Retrieved on: 
Friday, June 30, 2023
Public Policy, Government, State, Local, Utilities, Energy, Construction & Property, Building Systems, QIP, Kentucky American Water, Water quality, Water, American Water, Kentucky Public Service Commission, Organization, Investment, Customer service, PSC

“Kentucky American Water continues to address aging infrastructure by investing in its water treatment and distribution facilities.

Key Points: 
  • “Kentucky American Water continues to address aging infrastructure by investing in its water treatment and distribution facilities.
  • This commitment helps ensure service reliability and water quality to help protect customers and the communities we serve,” said Kathryn Nash, president of Kentucky American Water.
  • “We also remain steadfast in addressing the needs of our most vulnerable customers by including components in our request to keep rates affordable.”
    In today’s filing, Kentucky American Water is seeking to increase water service revenues by $26 million, net of Qualified Infrastructure Program (QIP) revenues.
  • Additionally, Kentucky American Water offers payment plans, budget billing and, for income-eligible customers, the company’s H2O Help to Others customer assistance program.

BrightNight Brings Leading Portfolio of Renewables to Kentucky

Retrieved on: 
Thursday, June 1, 2023
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WEST PALM BEACH, Fla., June 1, 2023 /PRNewswire/ -- BrightNight, the next generation and global renewable power producer built to deliver clean and dispatchable solutions, is expanding its horizons in Kentucky. The company currently has an approximately 2,000 MW development portfolio across Kentucky, several projects under advanced development, and continues to develop meaningful partnerships to grow its investment across the Commonwealth.

Key Points: 
  • The company currently has an approximately 2,000 MW development portfolio across Kentucky, several projects under advanced development, and continues to develop meaningful partnerships to grow its investment across the Commonwealth.
  • This PPA adds to a growing list of recent agreements signed between BrightNight and its customers, as the company accelerates its portfolio buildout.
  • The BrightNight project is located in western Kentucky and has reached several development milestones.
  • With the current portfolio across Kentucky and projects in development, the estimated total statewide investment impact from BrightNight construction of this portfolio is estimated at over $400 million dollars and will generate significant tax revenues for the state and localities.

2022 Sustainability Report highlights PPL's commitment to a sustainable energy future

Retrieved on: 
Thursday, April 20, 2023
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ALLENTOWN, Pa., April 20, 2023 /PRNewswire/ -- PPL Corporation today released its 2022 Sustainability Report, highlighting the integration of sustainability into the company's strategy to build the utilities of the future.

Key Points: 
  • Report highlights the company's strategy to create the utilities of the future; delivering safe, affordable, reliable, sustainable energy to its customers and competitive, long-term returns to shareowners.
  • ALLENTOWN, Pa., April 20, 2023 /PRNewswire/ -- PPL Corporation today released its 2022 Sustainability Report, highlighting the integration of sustainability into the company's strategy to build the utilities of the future.
  • The report provides an overview of PPL's approach to a clean energy transition and presents a comprehensive record of PPL's 2022 performance related to energy and the environment, social responsibility, and governance and management.
  • Additionally, PPL's operating companies and foundations contributed more than $13 million in 2022 to support local charitable organizations to help strengthen local communities.

PPL Corporation remains confident in its Kentucky generation investment plans and overall business outlook despite Kentucky Senate Bill 4 becoming law

Retrieved on: 
Friday, March 24, 2023
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ALLENTOWN, Pa., March 24, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) reaffirmed the generation investment plans of its subsidiaries, Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), and its overall business outlook despite a new law passed in Kentucky that requires the Kentucky Public Service Commission (KPSC) to approve the retirement of fossil-fuel-fired electric generation units.

Key Points: 
  • The plan is the least-cost option to continue to serve LG&E and KU customers' energy needs responsibly, reliably and affordably.
  • Additional details regarding LG&E and KU's generation replacement strategy can be found on the utilities' website at www.lge-ku.com/future .
  • We're confident that our plan exceeds the standards set out by this new law and is the best path forward for our customers.
  • Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.

PPL's updated business plan drives enhanced value for all stakeholders and delivers top-tier earnings and dividend growth

Retrieved on: 
Wednesday, January 11, 2023
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$2.5 billion added to capital investment plan, resulting in 5.6% rate base growth through 2026 with no equity issuances.

Key Points: 
  • $2.5 billion added to capital investment plan, resulting in 5.6% rate base growth through 2026 with no equity issuances.
  • ALLENTOWN, Pa., Jan. 11, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced an updated business plan that is expected to generate top-tier 6% to 8% earnings and dividend growth through at least 2026 with strong growth opportunities beyond.
  • Highlights of PPL's updated business plan include:
    Top-tier EPS and dividend growth through at least 2026.
  • PPL has extended its runway for earnings and dividend growth and now expects 6% to 8% annual earnings per share and dividend growth through at least 2026.

German American Bancorp, Inc. (GABC) Appoints Angela Curry to Corporate Board of Directors

Retrieved on: 
Monday, December 19, 2022
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JASPER, Ind., Dec. 19, 2022 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) announced today the appointment of Angela Curry, General Counsel and Vice President for Legal Affairs at the University of Louisville, to its corporate board of directors effective as of January 1, 2023.

Key Points: 
  • JASPER, Ind., Dec. 19, 2022 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) announced today the appointment of Angela Curry, General Counsel and Vice President for Legal Affairs at the University of Louisville, to its corporate board of directors effective as of January 1, 2023.
  • In addition to her role as General Counsel and Vice President for Legal Affairs, in 2021 Curry was also appointed to serve as Interim Chief of Staff for University.
  • Her diverse experience and strong, extensive legal counsel and governance skills will be an incredible asset to our German American organization,” stated D. Neil Dauby, German American’s President & CEO.
  • With Angela’s market knowledge and skill set, I am confident she will be integral in shaping and enhancing our company in the years to come.”
    “I am excited to join the German American Board of Directors,” stated Curry.

PPL Corporation's Kentucky utilities file plan to replace 1,500 megawatts of aging generation by 2028

Retrieved on: 
Thursday, December 15, 2022
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The plan includes adding two new combined-cycle natural gas plants, nearly 1,000 megawatts of solar generation, 125 megawatts of battery storage and more than a dozen new energy efficiency programs.

Key Points: 
  • The plan includes adding two new combined-cycle natural gas plants, nearly 1,000 megawatts of solar generation, 125 megawatts of battery storage and more than a dozen new energy efficiency programs.
  • In conjunction with the announcement, LG&E and KU is seeking approval from the Kentucky Public Service Commission (KPSC) for the replacement generation and new energy efficiency programs.
  • LG&E and KU's proposal focuses on meeting customers' energy needs in the most reliable, least-cost fashion.
  • Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.

Silicon Ranch Selects Infrastructure and Energy Alternatives, Inc. to Construct 50 MW Regenerative Solar Facility in Kentucky

Retrieved on: 
Tuesday, November 16, 2021
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The Turkey Creek Solar Ranch is the first utility-scale solar project to receive approval from the Kentucky Public Service Commission Siting Board.

Key Points: 
  • The Turkey Creek Solar Ranch is the first utility-scale solar project to receive approval from the Kentucky Public Service Commission Siting Board.
  • Silicon Ranch will keep the land housing the Turkey Creek Solar Ranch in agricultural production post-construction through managed sheep grazing and other regenerative pastureland management practices under its Regenerative Energy platform.
  • According to the Solar Energy Industries Association, the Turkey Creek Solar Ranch will also nearly double the amount of solar megawatts installed in Kentucky.
  • The Turkey Creek Solar Ranch will put Kentucky on the domestic map for solar and help bring additional renewable sources to the state.

Landis+Gyr Signs Contract with Louisville Gas and Electric Company and Kentucky Utilities Company for Advanced Metering Infrastructure and IoT Network

Retrieved on: 
Monday, August 23, 2021
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CHAM, Switzerland, Aug. 23, 2021 /PRNewswire/ -- Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX:LAND) signed a five-year agreement with Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) to provide a comprehensive advanced metering and smart grid infrastructure.

Key Points: 
  • CHAM, Switzerland, Aug. 23, 2021 /PRNewswire/ -- Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX:LAND) signed a five-year agreement with Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) to provide a comprehensive advanced metering and smart grid infrastructure.
  • The contract, which covers both operating utilities, includes 930,000 advanced electricity meters and 300,000 gas modules, in addition to network equipment and software.
  • Both utilities will deploy Landis+Gyr's Gridstream Connect solution, which links the electric and gas advanced metering infrastructure endpoints to an IoT network capable of supporting a variety of intelligent devices for managing energy distribution systems.
  • Landis+Gyr's Gridstream network provides utilities with the information and access needed for planning, maintenance, and improving system reliability.