Davis Polk advised Citigroup Global Markets Inc., RBS Securities Inc., SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc. as the joint book-running managers in connection with a registered offering by Louisville Gas and Electric Company of $250 million aggregate principal amount of 4.65% first mortgage bonds due 2043. The bonds are secured by a first mortgage lien on substantially all of Louisville Gas & Electric Company’s real and tangible personal property located in Kentucky and used in the generation, transmission and distribution of electricity and the storage, transportation and distribution of natural gas. 

Headquartered in Louisville, Kentucky, Louisville Gas and Electric Company is a regulated public utility engaged in the generation, transmission, distribution and sale of electric energy and the storage, distribution and sale of natural gas in Kentucky. Louisville Gas and Electric Company is a wholly owned subsidiary of PPL Corporation. 

The Davis Polk corporate team included partner Michael Kaplan and associates Jonathan C. Pentzien and Michael Crowley. Partner Samuel Dimon and associate Anthony L. Oliva provided tax advice. Counsel Betty Moy Huber and associate Amy E. Turner provided environmental advice. Rosemarie Melendez was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.