NEWS FROM THE STANDARD |
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Energy Exec Joins Net Electricity Broker
Feb 12 2001 05:00 PM PST
PROFILE |
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LG&E Energy may not be a Kentucky colonel, but it's a major power source in the state with its 8,300-MW electricity portfolio (primarily coal-fired). Its regulated utility, Louisville Gas and Electric, provides electricity to about 362,000 customers and natural gas to some 290,000 in Louisville and 17 Kentucky counties, and its Kentucky Utilities electrifies 478,000 customers in Kentucky and Virginia. LG&E Energy's nonregulated businesses are operated by subsidiary LG&E Capital, which owns independent power plants in the US and Spain and has interests in gas distributors in Argentina. LG&E Energy is a subsidiary of UK electricity company PowerGen.
COMPETITION |
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American Electric Power Company, Inc. (AEP)
Cinergy Corp. (CIN)
NiSource Inc. (NI)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 2,707.30
1-Yr. Sales Growth: 37.0%
Employees: 5,343
Revenue per employee: $506,700.36
KEY PEOPLE |
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Victor A. Staffieri
CEO
R. Foster Duncan
CFO
CONTACT INFO |
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220 W. Main St.
Louisville, KY 40232
US
Phone: 502-627-2000
Fax: 502-627-2579
Online: Web Site
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