PPL and E.ON AG today announced a agreement under which PPL will acquire E.ON US, the parent company of Kentucky's two major utilities, Louisville Gas & Electric and Kentucky Utilities for $7.175 billion.

摘要

These high-performing utilities serve 1.2 million customers, principally in Kentucky. Under the deal, PPL will receive tax benefits with a present value of about $450 million as part of the transaction. Taking into account the tax benefits, the effective purchase price is $7.175 billion. The acquisition will give PPL combined annual revenues of about $10 billion, serving nearly 5 million electricity customers in the US and the UK, and owning or controlling about 20,000 MW of US electricity generating capacity.