
Originally Posted by
BSeybold
LG&E's problems started several years ago when they were bought by a Foreign company (French or English, I forgot). Then LG&E was sold again to I think a German company. When it was home owned we had some of the lowest rates in the country. Every time a business is sold then the new owners have to raise prices to recover their investments as soon as possible.
I toured the Hydro-electric plant in Louisville in 1999 and was told that while everyone thinks that the water is free that actually the Federal Government owns it and at that time was charging LG&E over a million dollars a year for the water that run their generators.