LG&E and KU forecast load growth due to data centers and economic development

Core Insights - Kentucky is experiencing significant economic growth, particularly due to the rise of data centers, leading to increased demand for electricity [1] - Louisville Gas and Electric Company and Kentucky Utilities Company project a 30% to 45% increase in system load by 2032, despite energy efficiency measures reducing load by over 3.5% [2] - The Integrated Resource Plan (IRP) outlines the need for additional generation capacity to meet this unprecedented load growth while complying with environmental regulations [2][3] Group 1: Economic Growth and Load Forecast - The IRP indicates that the utilities expect a substantial increase in load driven by economic development and data centers [1] - The projected load increase of 30% to 45% by 2032 necessitates additional generation resources [2] Group 2: Resource Planning and Environmental Compliance - The IRP serves as a strategic planning document required every three years, providing a snapshot of future resource needs [1][4] - The utilities plan to build two new natural gas combined-cycle units and install significant battery storage and solar capacity to meet future demand and regulatory compliance [3] Group 3: Future Generation Plans - The proposed generation additions include 400 megawatts of battery storage in 2028, 500 megawatts of battery storage and solar in 2035, and environmental compliance upgrades at existing plants [3] - The IRP also includes an enhanced solar plan contingent on customer demand and competitive pricing [3] Group 4: Company Overview - Louisville Gas and Electric Company and Kentucky Utilities Company serve over 1.3 million customers and are recognized for their customer service [5]