LG&E and KU reach agreement with several key stakeholders on plans to meet Kentucky's growing energy needs

Core Viewpoint - Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) have reached a stipulation agreement with several intervening parties to support their request for a Certificate of Public Convenience and Necessity (CPCN) to add new generation capacity, ensuring reliable service amid unprecedented economic growth in Kentucky [1][3][5]. Group 1: Agreement Details - The stipulation agreement was filed with the Kentucky Public Service Commission (KPSC) for approval [2]. - The agreement includes the construction of two new 645-megawatt natural gas combined-cycle units, with the first unit expected to be operational in 2030 and the second in 2031 [8]. - The agreement also involves the installation of a selective catalytic reduction facility to reduce nitrogen oxide emissions for Ghent Unit 2, expected to be available in 2028 [8]. Group 2: Economic Context - The request for the CPCN was prompted by record-breaking economic growth and data center development in Kentucky, which LG&E and KU forecasted through their Integrated Resource Plan [4]. - The companies have responded to numerous requests for information regarding their generation investment plans during the regulatory process [3]. Group 3: Stakeholder Involvement - The stipulation agreement was reached with various parties, including the Attorney General of Kentucky and the Kentucky Industrial Utility Customers, Inc. [5]. - Parties not joining the stipulation agreement retain the opportunity to participate in the regulatory process [5]. Group 4: Company Background - LG&E and KU serve over 1.3 million customers and are recognized for their customer service in the United States [7]. - LG&E serves 335,000 natural gas and 436,000 electric customers in Louisville and surrounding areas, while KU serves 545,000 customers across 77 Kentucky counties [7].