LG&E, KU seek new merger. What it means for your utility bill

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Louisville Gas and Electric Co. (LG&E) and Kentucky Utilities Co. (KU) are seeking approval to merge into a single legal entity by July, a move that would further integrate the companies which first merged in most respects in 1998. The utilities, serving 1.4 million combined customers, state that the merger would likely be “invisible” to ratepayers initially, though LG&E may eventually consider a name change. This merger is prompted by ongoing IT system overhauls, presenting a cost-effective window for a consolidation previously deemed too expensive.

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