LG&E, KU Reach Agreement with Intervening Parties on Energy Needs Plan.

LG&E and KU have reached a stipulation agreement with several intervening parties to add new generation capacity. The agreement will support the utilities' ability to serve customers safely and reliably, while keeping pace with Kentucky's economic development needs. The stipulation was filed with the Kentucky Public Service Commission for approval.

Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), subsidiaries of PPL Corporation (NYSE: PPL), have reached a stipulation agreement with several key stakeholders to support their ability to serve customers safely and reliably while keeping pace with Kentucky's economic growth. The agreement, filed with the Kentucky Public Service Commission (KPSC) for approval, addresses the utilities' request for a Certificate of Public Convenience and Necessity (CPCN) to add new generation capacity [1].

The stipulation agreement supports the construction of two 645-megawatt natural gas combined-cycle units, as initially proposed. These modern generating units will use advanced technology, similar to the Mill Creek 5 currently under construction at the company's Mill Creek Generating Station in Jefferson County. LG&E and KU expect the first unit, Brown 12, to be available in 2030 and the second unit, Mill Creek 6, in 2031 [1].

Additionally, the agreement includes the installation of a selective catalytic reduction facility, available in 2028, to reduce nitrogen oxide (NOx) emissions for Ghent Unit 2. The companies have also agreed to extend the operation of Mill Creek Unit 2, subject to environmental permitting, beyond its previously planned 2027 retirement date until Mill Creek 6 is in-service in 2031 [1].

Notably, LG&E and KU have withdrawn their request to add battery storage at Cane Run, reserving the right to file a separate CPCN request tied to battery storage at a future date if necessary [1].

The settlement agreement was reached with the Attorney General of the Commonwealth of Kentucky, Kentucky Industrial Utility Customers, Inc., Southern Renewable Energy Association, and the Kentucky Coal Association, Inc. [1]. The agreement reflects the utilities' commitment to serving all customers and new economic development load in the lowest reasonable cost manner [1].

The KPSC is expected to rule on the utilities' CPCN request, including the stipulation agreement, by November. For more information about LG&E and KU's long-term plans and projects to support Kentucky's energy future, visit [lge-ku.com/investments](http://lge-ku.com/investments) [1].

References:
[1] https://www.prnewswire.com/news-releases/lge-and-ku-reach-agreement-with-several-key-stakeholders-on-plans-to-meet-kentuckys-growing-energy-needs-302516611.html