Hunton Andrews Kurth LLP

03/20/2023 | Press release | Distributed by Public on 03/20/2023 10:33

Hunton Andrews Kurth Advises Underwriters in Connection with Kentucky Utilities Company’s First Mortgage Bonds Offering

Hunton Andrews Kurth LLP represented the underwriters in connection with Kentucky Utilities Company's $400 million aggregate principal amount of its 5.450% first mortgage bonds due 2033.

Kentucky Utilities Company is a wholly owned subsidiary of LG&E and KU Energy LLC, a wholly owned subsidiary of PPL Corporation. It is a regulated utility in electricity generation, transmission, distribution and sales in Kentucky and Virginia. It is subject to regulation as a public utility by the Kentucky Public Service Commission and the Virginia State Corporation Commission, and certain of its transmission activities are subject to jurisdiction of the Federal Energy Regulatory Commission. The company serves customers in Kentucky under the Kentucky Utilities Company name and Virginia customers under the Old Dominion Power name.

The Hunton Andrews Kurth team included Peter K. O'Brien, Patrick C. Jamieson and Jingyi "Alice" Yao. Robert McNamara and Tim Strother provided tax advice.