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
Date of Report: December 12, 1995
LG&E ENERGY CORP.
(Exact name of registrant as specified in its charter)
Kentucky 1-10568 61-1174555
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
220 West Main Street
P.O. Box 32030
Louisville, KY 40232
(Address of principal executive offices)
(502) 627-2000
(Registrant's telephone number)
Item 5. Other Events.
Reference is made to Note 14 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, Louisville Gas and Electric Company
("LG&E"), the regulated utility subsidiary of LG&E Energy Corp., 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 LG&E's
Trimble County power plant.
On December 8, 1995, the PSC approved the settlement agreement as filed. LG&E
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 Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
LG&E ENERGY CORP.
Registrant
Date: December 12, 1995 /s/ Charles A. Markel
Charles A. Markel, III
Corporate Vice President, Finance
and Treasurer
(On behalf of the registrant in his
capacity as Principal Financial Officer)
Kentucky Public Service Commission Approves
Trimble County Settlement Agreement
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.
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