Honor recognizes utilities for economic development success
(LOUISVILLE, Ky.) – Site Selection Magazine, an international publication focused on economic development, has named Louisville Gas and Electric and Kentucky Utilities Company among an elite group of the Top 20 utilities in the U.S. for corporate facility investment and job creation in 2019. The evaluation included a field of approximately 3,300 electric utilities across the country.
“It’s an honor to be named a top utility for our company’s commitment to economic development in the communities we serve,” said Eileen Saunders, LG&E and KU vice president, Customer Services. “Through innovative programs and incentives, along with the tireless efforts of our Business and Economic Development team, we’re proud to help empower business growth and expansion throughout Kentucky.”
Site Selection Magazine recognized LG&E and KU for several significant efforts to promote economic development in 2019, which led to customers announcing more than $2.8 billion in capital investment and the creation of more than 5,700 jobs.
Some of LG&E and KU’s efforts include working with communities to identify the possibility of new industrial and commercial sites throughout its service territories, while also helping to evaluate existing sites to determine if additional investment may increase exposure to local communities. The company is also developing a grant program to provide incentives for communities to make proactive investments in product readiness and development.
“It’s our employees who drive economic prosperity across the state, and we’re really all on the economic development team,” said John Bevington, LG&E and KU’s director of Business and Economic Development. “This award honors the commitment we have to our core strengths, the servant leadership that we provide to our communities, and the relationships we build with customers and prospects.”
Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 329,000 natural gas and 418,000 electric customers in Louisville and 16 surrounding counties. KU serves 558,000 customers in 77 Kentucky counties and five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.