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complete a manual read once per every six months. Under the company's stated theory, this means that although the customer has been billed based on estimates and anticipated revenue for 5 months, the account billed will true-up on the 6th month when a manual read is completed. The subsequent quarter can then begin with several months of estimated reads that allow the company to report achievement of its projected revenue to stockholders. Consumer complaints show that in actuality this practice wildly overestimates customer usage for the first 5 months of a billing period in able for the company to report to stockholders that projected revenues were achieved and for employee bonuses to be dispersed, then for the correction for overbilling to occur in the first month of the subsequent billing cycle, giving customers either just 1 out of 3 months with correct billing or just 1 out of 6 months with correct billing.
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LG&E was formed in 1838 as
Louisville Gas and Water but dropped its plans to provide water utilities in 1842 changing its name simply to Louisville Gas. LG&E was originally formed by investors with the intention of providing gas-fired street lighting which had been mandated in order to help
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company to ensure it hits projected revenue estimates reported quarterly to its stockholders regardless of actual customer consumption. Under its PSC contract, the company is only required to attempt one actual, manual read of each customer's gas meter per quarter, and is only required to actually
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subsidiary, LG&E serves over 429,000 electric and over 333,000 natural gas customers, covers an area of 700 square miles (1800 km), and has a total regulated electric generation capacity of 2,760
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If the cumulative total of manual reads equals revenue less than projected to stockholders, LG&E is permitted to spread the difference across its customers' accounts.
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PPL and E.ON announced on April 28, 2010, a definitive agreement under which PPL will acquire E.ON US for $ 7.625 billion. The sale was closed on
November 1, 2010.
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In 1890 LG&E (Louisville Gas at this point) amended its charter to buy stock in electric companies and acquired
Louisville Electric light.
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In 1913, Louisville Gas, Louisville
Lighting, and Kentucky Heating merged to form Louisville Gas & Electric (LG&E).
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186:(PSC), LG&E estimates two out of every three months' of each customer's gas consumption. This allows the
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facilities (Muldraugh and
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In 1998, LG&E Energy merged with the other major electric utility in
Kentucky,
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The current electric generating stations serving the region include two
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404:"PPL Completes Acquisition of Two Kentucky Utility Companies"
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Since 2011, the company's bills are available to be paid at
296:"History of LG&E Energy Corporation – FundingUniverse"
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In 1990, LG&E reorganized itself as a holding company
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135:-fired plants (Trimble County Generating Station and
96:. In 2002, Powergen was bought by the German company
460:Hydroelectric power companies of the United States
341:"Shoppers Can Now Pay Utility Bills at Walmart"
89:In 2000, LG&E Energy was bought by British
450:Electric power companies of the United States
103:In 2003, LG&E Energy changed its name to
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390:"WAVE-TV: "LG&E, KU Sold to PA Company""
178:Process for Calculating Customer Gas Billing
30:(LG&E) is a utilities company based in
107:. Finally, in 2010, E.ON US was bought by
230:"About LG&E and KU | LG&E and KU"
111:. PPL changed the name of the company to
455:Companies based in Louisville, Kentucky
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49:The President is John R. Crockett III.
470:American companies established in 1838
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440:Energy companies established in 1838
72:electric generation station started.
254:"Management Team | LG&E and KU"
365:"LG&E Power Plant Information"
278:"LG&E and KU - About LG&E"
184:Kentucky Public Service Commission
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320:"LG&E KU - Corporate History"
18:Trimble County Generating Station
425:LG&E and KU Energy Home Page
465:1838 establishments in Kentucky
212:"LG&E and KU - Our company"
170:Acquisition by PPL Corporation
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113:LG&E and KU Energy LLC
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40:LG&E and KU Energy
32:Louisville, Kentucky
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434:Categories
375:2007-07-19
350:2021-05-11
305:2021-05-11
263:2022-07-29
239:2022-07-29
234:lge-ku.com
198:References
127:Generation
44:megawatts
145:fuel oil
94:Powergen
158:), two
154:plant (
139:), one
121:Walmart
105:E.ON US
53:History
325:18 May
150:, one
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