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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Dated: December 12, 1995
LOUISVILLE GAS AND ELECTRIC COMPANY
(Exact name of registrant as specified in its charter)
Kentucky 2-26720 61 - 0264150
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
220 West Main Street (P.O. Box 32010) Louisville, Kentucky 40232
(Address of principal executive offices)
(502) 627-2000
(Registrant's telephone number)
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Item 5. Other Events.
Reference is made to Note 11 of the Notes to Financial Statements under
Item 8 of the Company's 1994 Form 10-K, and Part II, Item 1, Legal
Proceedings, of the Company's Form 10-Q for the quarter ended
September 30, 1995, regarding proceedings before the Kentucky Public
Service Commission ("PSC") to determine the proper ratemaking treatment
to exclude 25% of the Trimble County electric generating facility from
customer rates for the period May 1988 through December 1990. On
December 1, 1995, the Company and intervening parties including various
consumer interest groups and government agencies filed a unanimous
settlement agreement with the PSC that would provide benefits totaling
approximately $28.3 million to current electric customers and consumer
interest groups as a final settlement of the rate treatment for the
Company's Trimble County power plant.
On December 8, 1995, the PSC approved the settlement agreement as
filed. The Company plans to record the settlement as a reduction of
revenues in the fourth quarter of 1995 to recognize the terms of the
agreement. This agreement will end the dispute that has been pending
before the PSC and Kentucky's courts for over fifteen years.
Item 7(c). Exhibits Filed.
Exhibit
Number Description
99.01 News Release dated December 8, 1995, announcing
the PSC's approval of the Trimble County power
plant settlement agreement.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
LOUISVILLE GAS AND ELECTRIC COMPANY
Registrant
Date: December 12, 1995 M. L. Fowler
M. L. Fowler
Vice President and Controller
(On behalf of the registrant in his
capacity as Principal Accounting
Officer)
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PRESS RELEASE
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For more information: Paul Heagen
Office: (502) 627-2877
Home: (502) 425-4002
For Immediate Release December 8, 1995
Kentucky Public Service Commission Approves
Trimble County Settlement Agreement
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Louisville -- The Kentucky Public Service Commission (PSC) today
approved the settlement agreement filed by Louisville Gas and Electric
Company (LG&E) and intervening parties including various consumer interest
and government agencies on costs associated with the Trimble County power
plant. The agreement calls for refunds totaling $28.3 million to current
electric customers. Customers will receive a credit on their monthly bill
for the next five years beginning January 1996. The average residential
credit will be approximately $5.00 a year. This final agreement will end the
dispute that has been pending before the PSC and Kentucky's courts for over
fifteen years.
