LG&E and KU reach agreement with several key stakeholders on plans to meet Kentucky's growing energy needs
LOUISVILLE, Ky., July 29, 2025 /PRNewswire/ -- Louisville Gas and Electric Company, Kentucky Utilities Company and several intervening parties involved in the utilities' current request before the Kentucky Public Service Commission to add new generation have reached a stipulation agreement that will support LG&E and KU's ability to continue serving customers safely and reliably, while keeping pace with Kentucky's record-breaking economic development needs.
The agreement was filed today with the KPSC for approval.
Unprecedented economic growth in the commonwealth prompted LG&E and KU, subsidiaries of PPL Corporation (NYSE:PPL), to request approval on February 28 for a Certificate of Public Convenience and Necessity (CPCN) from the Commission to add two new, highly-efficient natural gas combined-cycle units, install more battery storage and upgrade environmental technologies on Unit 2 at Ghent Generating Station. Through the regulatory process, LG&E and KU have responded to hundreds of requests for information on their generation investment plans from parties involved in the case.
The stipulation agreement supports:
Construction of two 645-megawatt natural gas combined-cycle units as initially proposed. These modern generating units will use advanced technology, similar to Mill Creek 5 currently under construction at the company's Mill Creek Generating Station in Jefferson County. LG&E and KU expect to have the first unit, Brown 12, available in 2030 and the second unit, Mill Creek 6, available in 2031.
Installation, as initially proposed, of a selective catalytic reduction facility, available in 2028, to reduce nitrogen oxide (NOx) emissions for Ghent Unit 2.
The companies agreeing to request to extend the operation of Mill Creek Unit 2, subject to environmental permitting, beyond its previously planned 2027 retirement date until Mill Creek 6 is in-service in 2031.
LG&E and KU withdrawing the request to add battery storage at Cane Run, with the companies reserving the right to file a separate CPCN request tied to battery storage at a future date if necessary.
"Kentucky has a very open and transparent regulatory process that allows for customer input and representation, and we appreciate that this process enables thoughtful discussion, opportunities for public input and extensive reviews among the parties involved," said John R. Crockett III, LG&E and KU President. "As Kentucky's largest regulated utilities, we have an obligation to serve all customers and new economic development load in the lowest reasonable cost manner. This agreement reflects the importance of that role and the critical needs addressed in our long-term generation investment plans."
LG&E and KU forecasted last fall through their Integrated Resource Plan record-breaking economic growth and data center development. This forecast remains on pace and is not dependent upon any one specific project.
The settlement agreement was reached with the Attorney General of the Commonwealth of Kentucky; Kentucky Industrial Utility Customers, Inc., Southern Renewable Energy Association and the Kentucky Coal Association, Inc.
Parties to the case who did not join the stipulation agreement have the same opportunities as normal to continue participating in the regulatory process. The KPSC is expected to rule on the utilities' CPCN request, including the stipulation agreement, by November.
Visit lge-ku.com/investments to learn more about LG&E and KU's long-term plans and projects to support Kentucky's energy future.
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 335,000 natural gas and 436,000 electric customers in Louisville and 16 surrounding counties. KU serves 545,000 customers in 77 Kentucky counties and 28,000 in five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.
For more information:Contact the LG&E and KU 24/7 media hotline at (502) 627-4999.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lge-and-ku-reach-agreement-with-several-key-stakeholders-on-plans-to-meet-kentuckys-growing-energy-needs-302516611.html
SOURCE Louisville Gas and Electric and Kentucky Utilities
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
2 minutes ago
- Entrepreneur
Truemeds Secures USD 85 Mn Series C Funding to Expand Affordable Healthcare Access
The Series C round's first close was led by Accel, followed by a second close led by Peak XV Partners, with significant participation from WestBridge Capital and Info Edge Ventures. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Mumbai-based e-pharmacy and telehealth platform Truemeds has raised USD 85 million in its Series C funding round led by Accel and Peak XV Partners. The round was completed in two tranches. WestBridge Capital and Info Edge Ventures also participated. The company plans to deploy the capital to open additional fulfillment centers in high-demand non-metro regions, strengthen its engineering and product teams with experienced professionals, and establish a new office in Bengaluru to access India's technology talent pool. It also aims to triple its national penetration while expanding into diagnostic services within the next few months. Founded in 2019 by Akshat Nayyar and Dr Kunal Wani, Truemeds offers clinically equivalent alternatives to branded medicines, enabling patients to save between 50 and 70 percent on monthly costs. The platform primarily serves chronic care patients, including those managing diabetes, hypertension, and cardiovascular diseases. Operating in all major locations across the country, the company engages with around 600 doctors daily and employs about 3,000 people, including a 250-member head office team. "Our vision is simple—to bring the lowest prices for medicines in India, while ensuring every patient gets the quality they can trust," said Akshat Nayyar, Co-founder and CEO of Truemeds. "With this funding, we're ready to strengthen our foundation, grow our offerings, and reach deeper into India's non-metro regions, where access to affordable healthcare can truly change lives." The company recently launched its iOS application to reach a broader audience and is preparing to roll out diagnostic services in four pilot cities over the next two quarters. It also plans to integrate artificial intelligence and machine learning tools for product curation, personalized patient journeys, and demand forecasting to enhance supply chain efficiency for pharmaceutical partners. Abhinav Chaturvedi, Partner at Accel, said, "India's healthcare market is undergoing rapid transformation, yet affordability continues to be a major barrier—especially in chronic care. Truemeds is bridging this gap with a clinically guided, technology-led platform that delivers transparency and accessibility at scale." Sakshi Chopra, Managing Director at Peak XV Partners, added, "Their mission to make chronic care affordable for millions, especially in underserved non-metro markets, is both timely and transformative. By leveraging technology to deliver a seamless customer experience, they are redefining how essential medicines reach those who need them the most." With this funding round, Truemeds is positioned to expand its role in India's growing healthcare market, focusing on affordability, accessibility, and innovation in chronic care delivery.
Yahoo
21 minutes ago
- Yahoo
Jumia Technologies Reports Second Quarter 2025 Earnings
Explore Jumia Technologies's Fair Values from the Community and select yours Jumia Technologies (NYSE:JMIA) Second Quarter 2025 Results Key Financial Results Revenue: US$45.6m (up 25% from 2Q 2024). Net loss: US$16.6m (loss narrowed by 25% from 2Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Jumia Technologies Earnings Insights Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Multiline Retail industry in the US. Performance of the American Multiline Retail industry. The company's shares are up 30% from a week ago. Risk Analysis It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Jumia Technologies, and understanding these should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
29 minutes ago
- Associated Press
Expro Marks Major Milestone in International Expansion with First Fully Remote Five-Plug Cementing Operation in Saudi Arabia
HOUSTON--(BUSINESS WIRE)--Aug 11, 2025-- Expro (NYSE:XPRO), a global energy services provider, has successfully delivered the world's first fully remote five-plug cementing operation in the Kingdom of Saudi Arabia, reinforcing its commitment to innovation, safety, and international growth within the well construction sector. This press release features multimedia. View the full release here: Cement Technologies The milestone operation - executed using Expro's Generation-X™ Remote Plug Launcher (RPL) and proprietary SkyHook™ cement-line make-up device - marks a major step forward in the company's expansion into the Middle East. The fully automated solution enabled a complex, multi-stage cement job to be completed with zero red-zone entry or man-riding operations, setting a new industry benchmark for personnel safety and operational control. This breakthrough builds on Expro's first successful cementing job in the Kingdom, delivered in January. That initial operation laid the foundation for a rapid regional ramp-up, culminating in May's delivery of the five-plug job. Together, these achievements reflect a deliberate progression from strategic market entry to innovation leadership, demonstrating the proven scalability and reliability of Expro's cementing technologies in one of the world's most technically demanding operating environments. Jeremy Angelle, Vice President of Well Construction at Expro, said: 'Our entry into Saudi Arabia is more than just geographic expansion - it's about transforming cementing operations through advanced engineering. This breakthrough showcases our Generation-X and SkyHook technologies as world-class innovations that drive measurable safety and efficiency gains.' The complex five-plug stage-cementing operation was executed for a challenging 9-5/8' casing run in a high-pressure gas well - the longest of its kind in the field. Utilizing Expro's modular Generation-X™ RPL, all of the five downhole components were pre-loaded in a controlled shop environment and then remotely launched at the well site with precision. Expro's modular cement head allowed the operator to eliminate high-risk tasks at the rig site, significantly reducing rig time, and enhancing the overall well integrity through optimized cement placement and effective zonal isolation. Building on this momentum, additional deployments across the region have further validated the benefits of Expro's remote and wireless cementing technologies. In one case, the customer was able to displace cement through the top drive at up to 13 bpm, resulting in cleaner wellbores, faster transitions from casing to cementing, and reduced static wellbore time. Collectively, these case studies demonstrate how Expro's solutions enhance operational integrity and redefine safety standards, particularly in markets where reliability, repeatability, and HSE performance are critical. 'Both the Generation-X™ launcher and SkyHook™ system were designed with safety, control, and field adaptability in mind,' added Angelle. 'To see them deliver such strong results in a new region is a proud moment, and a signal of what's possible as we grow our well construction capabilities globally.' Expro continues to invest in expanding its presence in the Kingdom and beyond, with a clear focus on aligning with customer goals in the oil, gas, and geothermal markets. With proven success in Saudi Arabia and strong customer interest across the region, we believe that Expro's cementing product line is now well positioned for international adoption, bringing automation, safety, and cost efficiency to the forefront of well construction operations globally. Notes to Editors Working for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company's extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions. With roots dating to 1938, Expro has approximately 8,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in more than 50 countries. For more information, please visit and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release, and oral statements made from time to time by representatives of the Company, may contain certain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the success, safety, efficiency and sustainability of the Company's well construction technologies, the Company's environmental, social and governance goals, targets and initiatives, and future growth, and are indicated by words or phrases such as 'anticipate,' 'outlook,' 'estimate,' 'expect,' 'project,' 'believe,' 'envision,' 'goal,' 'target,' 'can,' 'will,' and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company's Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise. View source version on Media [email protected] KEYWORD: UNITED STATES UNITED KINGDOM NORTH AMERICA SAUDI ARABIA MIDDLE EAST EUROPE TEXAS INDUSTRY KEYWORD: OIL/GAS ALTERNATIVE ENERGY ENERGY OTHER CONSTRUCTION & PROPERTY CONSTRUCTION & PROPERTY SOURCE: Expro Copyright Business Wire 2025. PUB: 08/11/2025 04:00 AM/DISC: 08/11/2025 03:59 AM
