LG&E

[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.

[kygorski]

Build more dams? where, and how? a lot of our dams now are in bad shape, and need costly repair. what we seem to forget is the power grid needs immediate fixing, and that will be costly. We are in a prolonged drought, if it continues some of the generating will need to be curtailed.The west is in worse shape than us, atoic power is one answer, but putthat power into the wrong management, and a disaster could occur.Solar power, costly start up, and the power grid question comes into play. Wind? power grid again.Gee maybe thwere are just too many of us today, using more than we have. The last two times on the cumberland river, I noticed NO current, thats a big generating station there, how much longer will the station on dale keep going?i dont have answers, coal works, but what are the future costs?

[MsgMills]

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.

Yes and I was forced to sell my LG&E Stock...No questions asked or anything....Was told I had no choice in the matter and received the selling price on a specific day period.... Now that is crap if you ask me for sure.....