Investor Presentaiton
Kentucky Regulatory Overview
Louisville Gas & Electric and Kentucky Utilities
Key Attributes
2022 Rate Base
Year-End Rate Base ($B)
$11.6
% of Total PPL Rate Base
48%
Allowed ROE
Base
ECR & GLT Mechanisms
ppl
Constructive Regulatory Features Mitigating Regulatory Lag
Environmental Cost Recovery (ECR) Mechanism
Provides near real-time recovery for approved environmental projects
related to coal generation
Fuel Adjustment Clause
9.425%
9.35%
■
Pass through of costs of fuel and energy purchases
Capital Structure (2021A)
Equity
Debt
53%
47%
Last Base Rate Case
(rates effective date)
Test Year
7/1/2021
Forward Test Year
(1) Retired Asset Recovery Rider applies to the generating plants of LG&E and KU.
Gas Line Tracker (GLT)
Approved mechanism for LG&E's recovery of costs associated with gas
transmission lines, gas service lines, and leak mitigation
Demand Side Management Tracker
Retired Asset Recovery Rider
Provides recovery of and return on remaining net book value at time of
retirement, with recovery over 10 years from retirement date (1)
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