E-ON U.S. L.L.C.

Private Subsidiary, Headquarters Location
PO Box 32010, Louisville, KY 40232-2010, United States
(800)331-7370, (502)627-2000, (502)627-3609 fax, http://www.eon-us.com

Primary SIC: Electric Services, Primary NAICS: Electric Power Distribution
Description: Utilities: Electric and natural gas. More

LG and E Energy Corp. is a diversified energy services company which operates businesses in power generation, project development, asset-based energy marketing, and retail and gas and electric distribution services. They are a Fortune 500 company that serves more than 1 million retail electric and natural gas customers domestically and internationally with more than 5,000 employees. LG and E Energy Corp. has been able to expand their operations over the years through acquisitions and joint ventures. They were able to double the size of their organization with the merger of KU Energy Corp in 1998. LG and E Energy's principal companies and subsidiaries include Louisville Gas and Electric Co., Kentucky Utilities Co., LG and E Capital Corp., Western Kentucky Energy Corp., LG and E Power Inc., and LG and E International Inc. LG and E Capital Corp. operates their nonregulated businesses, owns independent power plants in the U.S. and Spain, and has interests in gas distributors in Argentina. Second quarter results reported LG and E Energy's revenues of $623.7 million were up 32 percent over second-quarter 1998 revenues of $472.2 million. Operating income was $111.7 million, an 18 percent increase over the $94.5 million in the second quarter of 1998. Income from continuing operations was $50.0 million, up 10 percent over the $45.6 million. They report their earnings were driven primarily by strong off-systems sales at its two utility subsidiaries, higher retail sales at Kentucky Utilities Company and contributions from the company's non-utility investments in both Argentina and power generation. Top competitors include AEP, Cinergy and Dominion Resources.