With final regulatory approval, PPL looks to close book on acquisition of LGE, KU

摘要

PPL expected to close its acquisition of Kentucky’s two majorelectric utilities today (November 1) after the commission lastweek said the deal poses no threat to competition or regulation.To become “more geographically diverse,” PennsylvaniabasedPPL in April announced a definitive agreement to acquireE.ON US, parent of Louisville Gas Electric and KentuckyUtilities (IF, 3 May, 4). With the closing of the transaction, PPLadds 8,000 MW of mostly coal-fired generation capacity to the12,000 MW that it already owns or controls