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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM U5B

REGISTRATION STATEMENT
FILED PURSUANT TO SECTION 5 OF THE
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

LG&E ENERGY LLC
Name of Registrant

Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed:

Mr. John R. McCall
Executive Vice President, General Counsel and Secretary
LG&E Energy LLC
220 West Main Street
Louisville, Kentucky 40202





FORM U5B

REGISTRATION STATEMENT

        The undersigned holding company hereby submits its registration statement to the Securities and Exchange Commission pursuant to Section 5 of the Public Utility Holding Company Act of 1935.

        1.     Exact name of registrant:

        2.     Address of principal executive offices: 220 West Main Street, Louisville, Kentucky 40202

        3.     Name and address of chief accounting officer: S. Bradford Rives, LG&E Energy LLC, 220 West Main Street, Louisville, Kentucky 40202

        4.     Furnish the following information as to the registrants and each subsidiary company thereof:

 
  Col. A
Name of Company

  Col. B
Organization
Form

  Col. C
State of
Organization

  Col. D
Type of Business


1.

 

LG&E Energy LLC

 

Limited Liability Company

 

Kentucky

 

Holding Company

1.1

 

LG&E Capital Corp.

 

Corporation

 

Kentucky

 

Holding company for non-utility investments

1.1.1

 

LG&E Credit Corp.

 

Corporation

 

Kentucky

 

Offers consumer lending programs for energy efficient products

1.1.2

 

LG&E Home Services Inc.

 

Corporation

 

Kentucky

 

Appliance repair and warranty

1.1.3

 

Airborne Pollution Control, Inc.

 

Corporation

 

Alberta, Canada

 

Pollution and waste control technology

1.1.4

 

LG&E Energy Privatization Services Inc. (formerly LG&E Energy Services, Inc.)

 

Corporation

 

Kentucky

 

Formed to submit bid to Ft. Knox and Ft. Campbell system Privatization Projects

1.1.5

 

LG&E International Inc.

 

Corporation

 

Delaware

 

Management and holding company for international energy project investments and operations

1.1.5.1

 

LG&E Power Services LLC

 

Limited Liability Company

 

Delaware

 

Power facilities management and operation

1.1.5.2

 

LG&E Mendoza Services Inc.

 

Corporation

 

Cayman Islands

 

Inactive

1.1.5.3

 

LG&E Power Venezuela I, Inc.

 

Corporation

 

Cayman Islands

 

Inactive
                 

1



1.1.5.4

 

LG&E Power Spain Inc.

 

Corporation

 

Delaware

 

Management and holding company for energy project in Spain

1.1.5.4.1

 

K.W. Tarifa S.A.

 

Public Limited Company

 

Spain

 

Foreign utility company

1.1.5.5

 

LG&E Power Argentina I, Inc.

 

Corporation

 

Delaware

 

Inactive

1.1.5.6

 

LG&E Power Argentina II Inc.

 

Corporation

 

Delaware

 

Owner of minority equity interest in foreign utility company

1.1.5.7

 

LG&E Power Argentina III LLC

 

Limited Liability Company

 

Kentucky

 

Owner of minority equity interest in foreign utility company

1.1.5.8

 

LG&E Centro SA

 

Public Limited Company

 

Argentina

 

Receives consulting revenues and pays management expenses related to Distribuidora de Gas del Centro SA; foreign utility holding company

1.1.5.9

 

Inversora de Gas del Centro SA

 

Public Limited Company

 

Argentina

 

Owner of majority equity interest in foreign utility company

1.1.5.10

 

Distribuidora de Gas del Centro SA

 

Public Limited Company

 

Argentina

 

Foreign utility company

1.1.5.11

 

Distribuidora de Gas Cuyana SA

 

Public Limited Company

 

Argentina

 

Foreign utility company

1.1.5.12

 

Inversora de Gas Cuyana SA

 

Public Limited Company

 

Argentina

 

Intermediate holding company

1.1.5.13

 

Invergas SA

 

Public Limited Company

 

Argentina

 

Holds interest in foreign utility company

1.1.5.14

 

Gas Natural SDG Argentina SA

 

Public Limited Company

 

Argentina

 

Holds interest in foreign utility company

1.1.5.14.1

 

Gas Natural BAN SA

 

Public Limited Company

 

Argentina

 

Foreign utility company

1.1.5.15

 

Natural Servicios SA

 

Public Limited Company

 

Argentina

 

Energy-related company

1.1.6

 

WKE Corp

 

Corporation

 

Kentucky

 

Holding Company

1.1.6.1

 

WKE Station Two Inc.

 

Corporation

 

Kentucky

 

Operates generation facility
                 

2



1.1.6.2

 

Western Kentucky Energy Corp.

 

Corporation

 

Kentucky

 

Leases generation facilities; sells electricity to affiliates and third-parties

1.1.6.2.1

 

WKE Facilities Corp.

 

Corporation

 

Kentucky

 

Inactive

1.1.6.3

 

LCC LLC

 

Limited Liability Company

 

Kentucky

 

Owns options on mineral rights in Western Kentucky as potential future source of coal fuel for WKE

1.1.6.4

 

FCD LLC

 

Limited Liability Company

 

Kentucky

 

Owns options or actual riparian rights relating to transportation of coal fuel for WKE

1.1.6.5

 

Excalibur Development LLC

 

Limited Liability Company

 

Kentucky

 

Inactive

1.1.7

 

LG&E Power Inc.

 

Corporation

 

Delaware

 

Management and holding company

1.1.7.1

 

LG&E Power Operations Inc.

 

Corporation

 

California

 

Intermediate holding company for QFs

1.1.7.1.1

 

LG&E Power 5 Incorporated

 

Corporation

 

California

 

Inactive

1.1.7.1.2

 

LG&E Power 16 Incorporated

 

Corporation

 

California

 

Indirect owner of interest in QF

1.1.7.1.3

 

LG&E Power Roanoke Incorporated

 

Corporation

 

California

 

Indirect owner of interest in QF

1.1.7.1.4

 

LG&E Power 21 Incorporated

 

Corporation

 

California

 

Inactive

1.1.7.1.5

 

LG&E Power 21 Wind Incorporated

 

Corporation

 

California

 

Inactive

1.1.7.1.6

 

LG&E Power 31 Incorporated

 

Corporation

 

California

 

Indirect owner of interest in QF

1.1.7.1.7

 

LG&E Power 31 Wind Incorporated

 

Corporation

 

California

 

Indirect owner of interest in QF

1.1.7.1.8

 

Babcock-Ultrapower West Enfield

 

*

 

California

 

Inactive

1.1.7.1.9

 

Babcock-Ultrapower Jonesboro

 

*

 

California

 

Inactive

1.1.7.1.10

 

LG&E Power 14-Buena Vista

 

*

 

California

 

Inactive
                 

3



1.1.7.1.11

 

Westmoreland-LG&E Partners

 

*

 

Virginia

 

Owner of interest in QFs

1.1.7.1.12

 

Erie Power Partners LP

 

Limited Partnership

 

California

 

Inactive

1.1.7.1.13

 

Windpower Partners 1994, LP

 

Limited Partnership

 

California

 

Owns wind generation facilities

1.1.7.1.14

 

LG&E/Kelso Power Partners, LP

 

Limited Partnership

 

California

 

Inactive

1.1.7.1.15

 

LQC LP, LLC

 

Limited Liability Company

 

Delaware

 

Intermediate holding company

1.1.7.1.16

 

LQ GP, LLC

 

Limited Liability Company

 

Delaware

 

Intermediate holding company

1.1.7.2

 

LG&E Power Development Inc.

 

Corporation

 

California

 

Development of QFs and EWGs

1.1.7.3

 

FSF Minerals, Inc.

 

Corporation

 

Kentucky

 

Owns coal reserves

1.1.7.4

 

LG&E Power Monroe LLC

 

Limited Liability Company

 

Delaware

 

Inactive

1.1.7.5

 

American Power, Incorporated

 

Corporation

 

California

 

Inactive

1.1.7.6

 

LG&E Crown Inc.

 

Corporation

 

Delaware

 

Inactive

1.1.7.7

 

LG&E Minor Facilities Inc.

 

Corporation

 

Delaware

 

Inactive

1.1.7.8

 

Powertex Parent Inc.

 

Corporation

 

Delaware

 

Inactive

1.1.7.9

 

Llano Gathering Inc.

 

Corporation

 

New Mexico

 

Inactive

1.1.7.10

 

Llano Storage Inc.

 

Corporation

 

New Mexico

 

Inactive

1.1.7.11

 

HD Energy Corporation

 

Corporation

 

Delaware

 

Inactive

1.1.7.12

 

LG&E Power Gregory I, Inc.

 

Corporation

 

New Mexico

 

Holds indirect interest in QF

1.1.7.12.1

 

Gregory Power Partners LP

 

Limited Partnership

 

Texas

 

Owner and developer of power project

1.1.7.13

 

LG&E Power Gregory II, Inc.

 

Corporation

 

Delaware

 

Holds indirect interest in QF

1.17.13.1

 

Gregory Partners LLC

 

Limited Liability Company

 

Delaware

 

Owner and developer of power project

1.1.7.14

 

LG&E Power Gregory III Inc.

 

Corporation

 

Delaware

 

Holds indirect interest in QF

1.1.7.15

 

LG&E Power Gregory IV Inc.

 

Corporation

 

Delaware

 

Holds indirect interest in QF
                 

4



1.1.8

 

KU Solutions Corporation

 

Corporation

 

Kentucky

 

Energy marketing and services corporation

1.1.9

 

KUCC Grimes Corporation

 

Corporation

 

Delaware

 

Inactive

1.1.10

 

Tenaska Washington Partners, II, LP

 

Limited Partnership

 

Washington

 

Inactive

1.2

 

LG&E Energy Marketing Inc.

 

Corporation

 

Oklahoma

 

Power marketing

1.2.1

 

Woodlands Technology, LLC

 

Limited Liability Company

 

Texas

 

Development of Software for Energy Marketing Activities

1.3

 

LG&E Energy Foundation Inc.

 

Corporation

 

Kentucky

 

Charitable Contributions

1.4

 

LG&E Energy Services Inc.

 

Corporation

 

Kentucky

 

Service Company

1.5

 

LG&E Energy Settlements Inc.

 

Corporation

 

Kentucky

 

Inactive

1.6

 

Kentucky Utilities Company

 

Corporation

 

Kentucky and Virginia

 

Public Utility

1.6.1

 

Lexington Utilities Company

 

Corporation

 

Kentucky

 

Inactive

1.6.2

 

KU Receivables LLC

 

Limited Liability Company

 

Delaware

 

Financing subsidiary to acquire receivables generated by KU

1.6.3

 

Electric Energy Inc.

 

Corporation

 

Illinois

 

EWG

1.7

 

Louisville Gas and Electric Company

 

Corporation

 

Kentucky

 

Public Utility

1.7.1

 

LG&E Receivables LLC

 

Limited Liability Company

 

Delaware

 

Financing subsidiary to acquire receivables generated by LG&E

5



BUSINESS

        5.     Describe briefly:

        By permission of the staff of the Office of Public Utility Regulation (the "Staff"), the information required by Item 5(b) is omitted.


PROPERTY

        6.     Describe briefly the general character and location of the principal plants, properties and other important physical units of the registrant and its subsidiaries, showing separately (a) public utility and (b) other properties. If any principal plant or important unit is not held in fee, so state and describe how held.

        Please see the following: (a) Item 6 of the Registration Statement of Powergen plc filed on Form U5B, SEC File. No. 001-13620 (filed March 9, 2001); (b) Items 2 and 9 of the Annual Report of Powergen plc filed on Form U5S, SEC File No. 030-00346 (filed May 1, 2002); (c) Item 6 of the Registration Statement of E.ON AG filed on Form U5B, SEC File No. 030-00355 (filed September 27, 2002); (d) the E.ON Form 20-F; and (e) Items 2 and 9 of the Annual Report of E.ON AG filed on Form U5S, SEC File No. 030-00355 (filed June 30, 2003), which are incorporated by reference herein. See also Item 2 of the 2003 10-K, which is to be incorporated herein by reference upon the filing thereof. LG&E and KU will be filing their FERC Forms 1 for the year ended December 31, 2003 ("2003 FERC Forms 1") with the Federal Energy Regulatory Commission on or before April 1, 2004. LG&E will be filing its FERC Form 2 for the year ended December 31, 2003 ("2003 FERC Form 2) with the Kentucky Public Service Commission on or before April 1, 2004. When available, these reports will be filed by amendment to this filing.

6




INTERSTATE TRANSACTIONS

        7.     For each public utility company in the holding company system of the registrant which is engaged in the transmission of electric energy or gas in interstate commerce, furnish the following information for the last calendar year:

 
  Electric Energy Gas
kwh

  Gas mcf
Total Annual Sales        
   
 
Interstate Transactions:**        
   
 
  Name of State        
Delivered out of State        
Received from out of State        
   
 
  Name of State        
Delivered out of State        
Received from out of State        
   
 
  Name of State        
Delivered out of State        
Received from out of State        
   
 

**
Show for each State in which the company operates, electric energy and/or gas transmitted out of State and received from out of State including all electric energy and/or gas delivered and received at State lines. Do not show net balance. If exact amounts are not known, give estimate.


SECURITIES OUTSTANDING

        8.     Submit the following information concerning the registrant and each subsidiary thereof as of the latest available date:

7



FUNDED DEBT

        (a)   For each issue or series of funded debt, including funded debt secured by liens on property owned, whether or not such debt has been assumed: (Do not include here any contingent liabilities reported under paragraph 8(c)).

As of Date: December 31, 2003


By permission of the Staff, columns E through I have been omitted.

Col. A
  Col. B
  Col. C
  Col. D
  Col. E-I
Name of Obligor
  Title of Issue
  Amount Authorized
  Amount Issued
Less Retired

  Omitted

LG&E

 

Pollution Control Series:

 

 

 

 

 

 

 

 
        S, due September 1, 2017, variable   $ 31,000,000   $ 31,000,000    
        T, due September 1, 2017, variable   $ 60,000,000   $ 60,000,000    
        U, due August 15, 2013, variable   $ 35,200,000   $ 35,200,000    
        X, due April 15, 2023, 5.90%   $ 40,000,000   $ 40,000,000    
        Y, due May 1, 2027, variable   $ 25,000,000   $ 25,000,000    
        Z, due August 1, 2030, variable   $ 83,335,000   $ 83,335,000    
        AA, due September 1, 2027, variable   $ 10,104,000   $ 10,104,000    
        BB, due September 1, 2026, variable   $ 22,500,000   $ 22,500,000    
        CC, due September 1, 2026, variable   $ 27,500,000   $ 27,500,000    
        DD, due November 1, 2027, variable   $ 35,000,000   $ 35,000,000    
        EE, due November 1, 2027, variable   $ 35,000,000   $ 35,000,000    
        FF, due October 1, 2032, variable   $ 41,665,000   $ 41,665,000    
        GG due October 1, 2033, variable   $ 128,000,000   $ 128,000,000    

 

 

Notes payable to Fidelia:

 

 

 

 

 

 

 

 
        Due April 30, 2013, 4.55%, unsecured   $ 100,000,000   $ 100,000,000    
        Due August 15, 2013, 5.31%, secured   $ 100,000,000   $ 100,000,000    

 

 

Mandatorily redeemable preferred stock

 

 

 

 

 

 

 

 
        $5.875 series, 237,500 shares outstanding   $ 23,750,000   $ 23,750,000    
               
 
   
            Total LG&E   $ 798,054,000   $ 798,054,000    

KU

 

First Mortgage Bonds (Secured):

 

 

Unlimited

 

 

 

 

 
        Series S, due January 15, 2006, 5.99%   $ 36,000,000   $ 36,000,000    
        Series P, due May 15, 2007, 7.92%   $ 53,000,000   $ 53,000,000    
        Series R, due June 1, 2025, 7.55%   $ 50,000,000   $ 50,000,000    

 

 

Pollution Control Series:

 

 

 

 

 

 

 

 
        9, due December 1, 2023, 5.75%   $ 50,000,000   $ 50,000,000    
        10, due November 1, 2024, variable   $ 54,000,000   $ 54,000,000    
        11, due May 1, 2023, variable   $ 12,900,000   $ 12,900,000    
        12, due February 1, 2032, variable   $ 20,930,000   $ 20,930,000    
        13, due February 1, 2032, variable   $ 2,400,000   $ 2,400,000    
        14, due February 1, 2032, variable   $ 7,400,000   $ 7,400,000    
        15, due February 1, 2032, variable   $ 7,200,000   $ 7,200,000    
        16, due October 1, 2032, variable   $ 96,000,000   $ 96,000,000    

 

 

Notes payable to Fidelia:

 

 

 

 

 

 

 

 
        Due April 30, 2013, 4.55%, unsecured   $ 100,000,000   $ 100,000,000    
        Due August 15, 2013, 5.31%, secured   $ 75,000,000   $ 75,000,000    
        Due November 24, 2010, 4.24%, secured   $ 33,000,000   $ 33,000,000    
        Due December 19, 2005, 2.29%, secured   $ 75,000,000   $ 75,000,000    
               
 
   
            Total KU   $ 672,830,000   $ 672,830,000    

LG&E Capital Corp.

 

Indenture (Unsecured):

 

 

Unlimited

 

 

 

 

 
        Medium Term Notes, due May 1, 2004, 6.205%   $ 150,000,000   $ 150,000,000    
        Medium Term Notes, due January 15, 2008, 6.46%   $ 150,000,000   $ 150,000,000    
        Medium Term Notes, due November 1, 2011, 7.471%   $ 150,000,000   $ 150,000,000    

Distribuidora de Gas del Centro

 

Argentine negotiable obligations, due December 2004, variable, (Unsecured)

 

$

35,000,000

 

$

35,000,000

 

 
               
 
   
            Total LG&E Capital   $ 485,000,000   $ 485,000,000    

LG&E Energy LLC

 

Notes payable to E.ON NA, variable

 

$

150,000,000

 

$

111,000,000

 

 

 

 

Notes payable to Fidelia

 

 

 

 

 

 

 

 
        Due February 14, 2006, 2.80%   $ 100,000,000   $ 100,000,000    
        Due March 24, 2006, 2.88%   $ 50,000,000   $ 50,000,000    
               
 
   
            Total LG&E Energy LLC   $ 300,000,000   $ 261,000,000    
               
 
   
            TOTAL   $ 2,255,884,000   $ 2,216,884,000    
               
 
   

8



CAPITAL STOCK

        (b)   For each class of capital stock including certificates of beneficial interest give information both in number of shares and in dollar amounts: (Do not include any warrants, options or other securities reported under paragraph 8(d)).

As of Date: December 31, 2003


By permission of the Staff, columns G through J have been omitted.

Col. A
  Col. B
  Col. C
  Col. D
  Col. E
  Col. F
  Col. G-J
 
Name of Issuer
  Title of Issue
  Amount
Authorized by
Charter

  Amount Reserved
for Options,
Warrants,
Conversions &
Other Rights

  Additional
Amount Unissued

  Amount issued
  Omitted
 
LG&E Energy LLC   Membership interests   10,000,000 Units   0   9,998,999   1,001 Units      

Louisville Gas and Electric Company

 

Common stock, no par value

 

75,000,000

 

0

 

53,705,777

 

21,294,223

 

 

 

 

 

Preferred stock, 5% Series, $25 par value

 

1,720,000

 

0

 

859,713

 

860,287

 

 

 

 

 

Preferred stock, $5.875 Series, no par value

 

250,000

 

0

 

0

 

237,500

 

 

 

 

 

Preferred stock, Auction Series A, no par value ($100 stated value per share)

 

500,000

 

0

 

0

 

500,000

 

 

 

Kentucky Utilities Company

 

Common stock, no par value

 

80,000,000

 

0

 

42,182,122

 

37,817,878

 

 

 

 

 

Cumulative Preferred stock, 4.75% Series, no par value

 

200,000

 

0

 

0

 

200,000

 

 

 

 

 

Cumulative Preferred stock, 6.53% Series, no par value

 

200,000

 

0

 

0

 

200,000

 

 

 

Lexington Utilities Company

 

Common stock

 

1,000

 

0

 

999

 

1

 

 

 

Electric Energy Inc.

 

Common stock, $100 par value

 

62,000

 

0

 

0

 

62,000

 

 

 

Indiana-Kentucky Electric Corp.

 

Common stock, no par value, stated value $200 per share

 

100,000

 

0

 

83,000

 

17,000

 

 

 

LG&E Energy Foundation Inc.

 

Foundation with one member

 

N/A

 

N/A

 

N/A

 

N/A

 

 

 
                           

9



LG&E Energy Settlements Inc.

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Energy Marketing Inc.

 

Common shares, $1.00 par value

 

25,000

 

0

 

23,200

 

1,800

 

 

 

LG&E Capital Corp.

 

Common stock, no par value

 

2,000

 

0

 

1,000

 

1,000

 

 

 

LG&E Energy Services Inc.

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Credit Corp.

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Home Services Inc.

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 

Airborne Pollution Control, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

LG&E Energy Privatization Services Inc.

 

Common stock, $.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E International Inc.

 

Common stock, $.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Mendoza Services Inc.

 

Common stock, $1.00 par value

 

900,000

 

0

 

899,000

 

1,000

 

 

 

LG&E Power Venezuela I, Inc.

 

Common stock, $1.00 par value

 

50,000

 

0

 

49,000

 

1,000

 

 

 

LG&E Power Spain Inc.

 

Common stock, $.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power Argentina I, Inc.

 

Common stock, $.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power Argentina II Inc.

 

Common stock, $.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power Argentina III LLC

 


 


 


 


 


 

 

 

WKE Corp.

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 

WKE Station Two Inc.

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 

Western Kentucky Energy Corp

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 

WKE Facilities Corp.

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 
                           

10



LG&E Power Inc.

 

Common stock, $01 par value

 

2,000

 

0

 

250

 

1,750

 

 

 

 

 

Preferred stock, $1.00 par value

 

1,000

 

0

 

1,000

 

0

 

 

 

LG&E Power Operations Inc.

 

Common stock, no par value

 

100,000

 

0

 

97,500

 

2,500

 

 

 

LG&E Power 5 Incorporated

 

Common stock, no par value

 

100,000

 

0

 

97,500

 

2,500

 

 

 

LG&E Power 16 Incorporated

 

Common stock, $0.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power Roanoke Incorporated

 

Common stock, $0.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power 21 Incorporated

 

Common stock, $0.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power 21 Wind Incorporated

 

Common stock, $0.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power 31 Incorporated

 

Common stock, $0.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power 31 Wind Incorporated

 

Common stock, $0.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power Development Inc.

 

Common stock, no par value

 

100,000

 

0

 

99,900

 

100

 

 

 

American Power, Incorporated

 

Common stock, no par value

 

100,000

 

0

 

97,500

 

2,500

 

 

 

HD Energy Corporation

 

Common stock, $1.00 par value

 

1,000

 

0

 

900

 

100

 

 

 

Llano Gathering Inc.

 

Common stock, no par value

 

1,000

 

0

 

0

 

1,000

 

 

 

Llano Storage Inc.

 

Common stock, no par value

 

1,000

 

0

 

0

 

1,000

 

 

 

LG&E Crown Inc.

 

Common stock, $0.01 par value

 

1,000

 

0

 

0

 

1,000

 

 

 

Powertex Parent Inc.

 

Common stock, $0.01 par value

 

1,000

 

0

 

0

 

1,000

 

 

 

LG&E Minor Facilities, Inc.

 

Common stock, $0.01 par value

 

1,000

 

0

 

0

 

1,000

 

 

 

LG&E Power Gregory I Inc.

 

Common stock, $10.00 par value

 

100,000

 

0

 

90,000

 

10,000

 

 

 
                           

11



LG&E Power Gregory II Inc.

 

Common stock, $0.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power Gregory III Inc.

 

Common stock, $0.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power Gregory IV Inc.

 

Common stock, $0.01 par value

 

1,000

 

0

 

900

 

100

 

 

 

KU Solutions Corporation

 

Common stock, no par value

 

1,000

 

0

 

999

 

1

 

 

 

KUCC Grimes Corporation

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 

FSF Minerals Inc.

 

Common stock, no par value

 

1,000

 

0

 

900

 

100

 

 

 

LG&E Power Services LLC

 

Membership interests

 

100,000

 

0

 

0

 

100,000

 

 

 

Woodlands Technology LLC

 


 


 


 


 


 

 

 

LCC LLC

 

Membership interests

 

100

 

0

 

0

 

100

 

 

 

LG&E Power Monroe LLC

 

Membership interests

 

100

 


 


 

100

 

 

 

FCD LLC

 

Membership interests

 

1,000

 


 


 

1,000

 

 

 

Excalibur Development LLC

 


 


 


 


 


 

 

 

KU Receivables LLC

 

Membership interests

 

N/A

 

0

 

0

 

100

%

 

 

LG&E Receivables LLC

 

Membership interests

 

N/A

 

0

 

0

 

100

%

 

 

K.W. Tarifa S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribuidora de Gas del Centro S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

Inversora de Gas del Centro S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribuidora de Gas Cuyana S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

Inversora de Gas Cuyana S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

Invergas S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 
                           

12



Gas Natural BAN S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas Natural S.D.G. Argentina S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

Natural Servicios S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

LG&E Centro S.A.

 

 

 

 

 

 

 

 

 

 

 

 

 

LG&E/Kelso Power Partners, L.P.

 


 


 


 


 

 

 

 

 

Babcock-Ultrapower Jonesboro

 


 


 


 


 

 

 

 

 

Babcock-Ultrapower West Enfield

 


 


 


 


 

 

 

 

 

LG&E Power 14-Buena Vista

 


 


 


 


 

 

 

 

 

Westmoreland-LG&E Partners

 


 


 


 


 

 

 

 

 

Erie Power Partners L.P.

 


 


 


 


 

 

 

 

 

LQ GP LLC

 

Membership interests

 

N/A

 


 

0

 

100

%

 

 

Windpower Partners 1994, L.P.

 


 


 


 


 

 

 

 

 

LQC LP, LLC

 

Membership interests

 

N/A

 


 

0

 

100

%

 

 

Gregory Power Partners L.P.

 


 


 


 


 

 

 

 

 

Gregory Partners LLC

 

Membership interests

 

100

 


 

0

 

100

%

 

 

Tenaska Washington Partners II, L.P.

 


 


 


 


 

 

 

 

 

13



CONTINGENT LIABILITIES

        (c)   A brief outline of the nature and amount of each contingent liability on account of endorsement or other guarantees of any securities.

        Obligations of LG&E Capital supported by LG&E Energy under the Support Agreement:


OTHER SECURITIES

        (d)   A statement of the amount of warrants, rights or options and of any class of securities of the registrant and subsidiary companies not elsewhere herein described which is outstanding and/or authorized. A brief description of the provisions thereof should be included. Information need not be set forth under this item as to notes, drafts, bills of exchange or bankers' acceptances which mature within nine months.

LG&E Commercial Paper      
  Authorized   $ 200,000,000
  Issued in 2003     -0-
  Amount outstanding as of December 31, 2003     -0-

LCC Commercial Paper

 

 

 
  Authorized   $ 600,000,000
  Issued in 2003     -0-
  Amount Outstanding as of December 31, 2003     -0-

LG&E Revolving Lines of Credit, expiring June 2004

 

 

 
  Authorized   $ 185,000,000
  Amount outstanding as of December 31, 2003     -0-

LG&E Energy maintains a line of credit with an affiliated company totaling $150 million, maturing February 2005. As of December 31, 2003 the outstanding balance under this facility was $111.1 million.

14



INVESTMENT IN SYSTEM SECURITIES

        9.     Give a tabulation showing the principal amount, par or stated value, the cost to the system company originally acquiring such security, and the number of shares or units, of each security described under Item 8 that is held by the registrant and by each subsidiary company thereof as the record (or beneficial) owner, and the amounts at which the same are carried on the books of each such owner. This information should be given as of the same date as the information furnished in answer to Item 8.

System Company

  Investment Held
  Quantity
  Par
Value

  Cost
  Book Value
 
LG&E Energy LLC   Louisville Gas and Electric Company   Common stock   21,294,223     0   $ 464,334,000   $ 923,695,322  
    LG&E Capital Corp.   Common stock   1,000     0   $ 417,618,000   $ 29,237,231  
    Kentucky Utilities Company   Common stock   37,817,878     0   $ 322,818,000   $ 906,341,277  
    LG&E Energy Marketing Inc.   Common stock   1,800   $ 1.00   $ 0   $ (559,664,999 )
    LG&E Energy Services Inc.   Common stock   100     0   $ 1,000   $ (6,915,000 )
Louisville Gas and Electric Company   Ohio Valley Electric Corporation   Common stock   4,900   $ 100   $ 490,000   $ 490,000  
    LG&E Receivables LLC   Membership Interests   100 %   N/A   $ 5,000,000   $ 5,000,000  
Ohio Valley Electric Corporation   Indiana-Kentucky Electric Corp.   Common stock   100 %   0   $ 166,600   $ 3,400,000  
Kentucky Utilities   Electric Energy Inc.   Common stock   12,400   $ 100   $ 1,240,000   $ 10,822,259  
    Ohio Valley Electric Corporation   Common stock   2,500   $ 100   $ 250,000   $ 250,000  
    KU Receivables LLC   Membership Interests   100 %   N/A   $ 3,000,000   $ 3,000,000  
LG&E Capital Corp.   LG&E Power Inc.   Common stock   1,750   $ 0.01   $ 446,839,000   $ 362,746,423  
    LG&E International Inc.   Common stock   100   $ 0.01   $ 34,842,000   $ (86,248,805 )
    LG&E Home Services Inc.   Common stock   100     0   $ 0   $ (4,632,248 )
    LG&E Credit Corp.   Common stock   100     0   $ 20,000   $ (245,000 )
    WKE Corp.   Common stock   100     0   $ 0   $ (86,013,000 )
    KU Solutions Corporation   Common stock   1     0   $ 1,000   $ (370,116 )
    KUCC Grimes Corporation   Common stock   100   $ .01   $ 0   $ (2,848,120 )
    LG&E Mendoza Services Inc.   Common stock                                   $ 0   $ (2,027 )
LG&E International Inc.   LG&E Power Services LLC   Membership interest   100 %                  $ 1,607,008   $ 13,200,736  
    LG&E Power Argentina I, Inc.   Common stock   100   $ .01   $ 19,940,524   $ 18,985,464  
    LG&E Power Spain Inc.   Common stock   100   $ .01   $ 4,500,000   $ 5,404,303  
    LG&E Power Argentina II Inc.   Common stock   100   $ .01   $ 167   $ 34,000  
    LG&E Power Argentina III LLC   Membership interests   100     N/A   $ 0   $ (104,257,228 )
    LG&E Centro S.A.   Common stock   31,500       $ 167   $ 340,000  
    Distribuidora de Gas del Centro S.A.   Capital stock   12,275,975       $ 186,761   $ 8,462,593  
    Inversora de Gas del Centro S.A.   Capital stock   5,100,000       $ 78,987   $ 42,260,877  
LG&E Power Spain Inc.   K.W. Tarifa S.A.   Capital stock   45.8 %     $ 4,500,000   $ 5,404,303  
LG&E Power Argentina II Inc.   LG&E Centro S.A.   Common stock   31,500       $ 0   $ 34,000  
LG&E Power Argentina III LLC   Distribuidora de Gas Cuyana S.A.   Capital stock   4,370,788       $ 146,411   $ 3,910,214  
    Inversora de Gas Cuyana S.A.   Capital stock   1,440,288       $ 65,408   $ 22,163,595  
    Invergas S.A.   Capital stock   16,929,640       $ 162,458   $ 7,153,980  
    Gas Natural S.D.G. Argentina S.A.   Capital stock   29,400,000       $ 60,698   $ 2,669,513  
    Natural Servicios SA                  560,000                    $ 0   $ 74,916  
Inversora de Gas Cuyana SA   Distribuidora de Gas Cuyana SA                        $ 0   $ 43,209,396  
Invergas SA   Gas Natural BAN SA                        $ 223,156   $ 3,605,853  
Gas Natural S.D.G. Argentina S.A.   Gas Natural BAN S.A.   Capital stock   20 %     $ 0   $ 1,350,645  
WKE Corp.   Western Kentucky Energy Corp.   Common stock   100     0   $ 0   $ (55,496,273 )
    WKE Station Two Inc.   Common stock   100     0   $ 0   $ 5,600,936  
    LCC LLC   Membership interest   100 %   N/A   $ 0   $ (621 )
    FCD LLC   Membership interest   100 %   N/A   $ 0   $ (263,658 )
LG&E Power Inc   HD Energy Corporation   Common stock   100   $ 1.00   $ 0   $ 1,629,864  
                                 

15


    LG&E Power Gregory I Inc.   Common stock   10,000   $ 10.00   $ 17,434,345   $ 23,649,622  
    LG&E Power Gregory II Inc.   Common stock   100   $ 0.01   $ 12,309,385   $ 11,290,730  
    LG&E Power Gregory III Inc.   Common stock   100   $ 0.01   $ 252,646   $ 231,548  
    LG&E Power Gregory IV Inc.   Common stock   100   $ 0.01   $ 169,007   $ 371,587  
    LG&E Power Operations Inc.   Common stock   2,500     0   $ 21,583,697   $ 155,978,511  
    LG&E Power Development Inc.   Common stock   100     0   $ 186,770   $ 48,503,177  
    American Power, Incorporated   Common stock   2,500     0   $ 39,974,686   $ (46,951,102 )
    LG&E Crown Inc.   Common stock   1,000   $ 0.01   $ 10   $ 334,240  
    LG&E Minor Facilities Inc.   Common stock   1,000   $ 0.01   $ 10   $ (5,240,315 )
    Powertex Parent Inc.   Common stock   1,000   $ 0.01   $ 10   $ 1,217,858  
    Llano Gathering Inc.   Common stock   1,000     0   $ 0   $ (18,504,652 )
    Llano Storage Inc.   Common stock   1,000     0     ++   $ (4,536,078 )
LG&E Power Operations, Inc.   LG&E Power 5 Incorporated   Common stock   2,500     0   $ 2,043,945   $ 6,969,711  
    LG&E Power 16 Incorporated   Common stock   100   $ 0.01   $ 65,093   $ 685,120  
    LG&E Power Roanoke Incorporated   Common stock   100   $ 0.01   $ 6,444,207   $ 67,236,240  
    LG&E Power 21 Incorporated   Common stock   100   $ 0.01   $ 202,278   $ 259,088  
    LG&E Power 21 Wind Incorporated   Common stock   100   $ 0.01   $ 6,021,395   $ 9,013,954  
    LG&E Power 31 Incorporated   Common stock   100   $ 0.01     32,483   $ 52,837  
    LG&E Power 31 Wind Incorporated   Common stock   100   $ 0.01     2,347,616   $ 1,525,784  
    HD/WS Operations                        $ 6,610,907   $               
LG&E Power 16 Incorporated   LG&E Roanoke Valley LP                                                  $ 0   $ 1,091,328  
LG&E Power Roanoke Incorporated   LG&E Roanoke Valley LP                                                  $ 0   $ 108,596,985  
LG&E Power Gregory I, Inc.   Gregory Power Partners L.P.   Partnership interest   1 %   N/A   $ 0   $ 45,304,045  
LG&E Power Gregory IV   Gregory Power Partners L.P.   Partnership interest   49 %   N/A   $ 0   $ 765,098  
LG&E Power Gregory II, Inc.   Gregory Partners LLC   Membership interest   1 %   N/A   $ 0   $ 11,683,744  
LG&E Power Gregory III   Gregory Power Partners LLC   Partnership interest   49 %   N/A   $ 0   $ 238,444  

*
Value contributed or agreed to be contributed

**
Investment balances in these subsidiaries are included in the investment of their parents. Investments were not pushed down to the subsidiary level.

+
In December 1991, LG&E Energy acquired Hadson Power Systems, Incorporated for approximately $49.1 million (net cash paid $41.1 million). Investments in these subsidiaries (as well as other subsidiaries or assets which may have been sold or discontinued) were included in such acquisition but costs were not allocated to the subsidiary level.

++
In May 1995, LG&E Energy acquired Hadson Corporation for approximately $143 million (net cash paid $146 million). Investments in these subsidiaries (as well as other subsidiaries or assets which may have been sold or discontinued) were included in such acquisition but costs were not allocated to the subsidiary level.

+++
In February 1997, LG&E Energy acquired interests in the Centro and Cuyana natural gas distribution companies for approximately $140 million (net cash paid $125 million). Investments in these subsidiaries (as well as other subsidiaries or assets which may have been sold or discontinued) were included in such acquisition but costs were not allocated to the subsidiary level.

++++
In March 1999, LG&E Energy acquired interests in Gas Natural BAN and related subsidiaries for approximately $74.3 million (plus an additional net investment in 1999 of $11.1 million).


INVESTMENTS IN OTHER COMPANIES

        10.   Give a tabulation showing all investments of the registrant and of each subsidiary thereof in holding companies and in public utility companies which are not subsidiary companies of the registrant. Also show all other investments of the registrant and of each subsidiary thereof in the securities of any

16


other enterprise, if the book value of the investment in any such enterprise exceeds 2% of the total debit accounts shown on the balance sheet of the company owing such investment or an amount in excess of $25,000 (whichever amount is the lesser). Give principal amount and number of shares or units and the cost of each issue of such securities to the system company originally acquiring such security, and amount at which carried on the books of the owner. List all such securities pledged as collateral for loans or other obligations and identify loans and obligations for which pledged. This information should be given as of the same date as the information furnished in answer to Item 8.

LOUISVILLE GAS AND ELECTRIC COMPANY

ISSUER

  DESCRIPTION OF SECURITY
  SHARES OWNED
  TOTAL COST
  BOOK VALUE
Ohio Valley Electric Company   Common Stock   49,000.00   $ 490,000.00   $ 490,000.00

KENTUCKY UTILITIES COMPANY

ISSUER

  DESCRIPTION OF SECURITY
  SHARES OWNED
  TOTAL COST
  BOOK VALUE
Ohio Valley Electric Company   Common Stock   25,000.00   $ 250,000.00   $ 250,000.00

ISSUER


 

DESCRIPTION OF SECURITY


 

SHARES OWNED


 

TOTAL COST

Augusta-Brooksville-Bracken County Industrial Authority   Note   N/A   $ 190,494.78
Boyle County Industrial Foundation Inc.   Note   N/A   $ 176,000.00
Eddyville Industrial Development Authority Inc.   Note   N/A   $ 94,500.00
Hart County Industrial Authority   Note   N/A   $ 80,000.00
Marion County Industrial Foundation Inc.   Note   N/A   $ 47,250.00
City of Richmond and the Richmond Industrial Development Corporation   Note   N/A   $ 30,214.99

17



INDEBTEDNESS OF SYSTEM COMPANIES

        11.   List each indebtedness of the registrant and of each subsidiary company thereof (other than indebtedness reported under Item 8, but as of the same date) where the aggregate debt owed by any such company to any one person exceeds $25,000 or an amount exceeding 2% of the total of the debit accounts shown on the balance sheet of the debtor (whichever amount is the lesser) but not including any case in which such aggregate indebtedness is less than $5,000, and give the following additional information as to each such indebtedness:

Name of Debtor (Borrower

  Name of Creditor (Lender)
  Amount Owed
  Rate of Interest
  Date of Maturity
LG&E   Fidelia   $ 100,000,000   4.55 % April 30, 2013
LG&E   Fidelia   $ 100,000,000   5.31 % Aug. 15, 2013
KU   Fidelia   $ 100,000,000   4.55 % April 30, 2013
KU   Fidelia   $ 75,000,000   5.31 % Aug. 15, 2013
KU   Fidelia   $ 33,000,000   4.24 % Nov. 24, 2010
KU   Fidelia   $ 75,000,000   2.29 % Dec. 19, 2005
LG&E Energy LLC   Fidelia   $ 100,000,000   2.80 % Feb. 14, 2006
LG&E Energy LLC   Fidelia   $ 50,000,000   2.88 % March 24, 2006
LG&E Energy LLC   LG&E Energy Marketing   $ 100,000,000   2.80 % February 14, 2006
LG&E Energy LLC   LG&E Energy Marketing   $ 50,000,000   2.88 % March 24, 2006
Name of Debtor (Borrower

  Name of Creditor (Lender)
  Amount Owed
  Rate of Interest
  Date of Maturity


PRINCIPAL LEASES

        12.   Describe briefly the principal features of each lease (omitting oil and gas leases to which the registrant or any subsidiary company thereof is a party), which involves rental at an annual rate of more than $50,000 or an amount exceeding 1% of the annual gross operating revenue of such party to said lease during its last fiscal year (whichever of such sums is the lesser) but not including any lease involving rental at a rate of less than $5,000 per year.

LESSEE

  LESSOR
  ITEM LEASED
  2003 PAYMENTS
LG&E   Jones, Lane, LaSalle
Actor Theater
  Office building
Office building
  $
$
3,435,764
124,223
WKEC   Big Rivers Electric Corporation
Ronald Sheffer and Bruce Peters, Soaper Building Partnership
  Electric generation facilities
 
Office building
  $

$
30,965,000
 
214,000
LG&E Power Inc.   PWREF/MCC South Coast LLC   Office building   $ 95,242
Westmoreland-LG&E Partners   US Filter   Demineralized water treatment equipment   $ 154,921

18



SECURITIES SOLD

        13.   If, during the last five years, the registrant or any subsidiary company thereof has issued, sold or exchanged either publicly or privately any securities having a principal amount, par, stated or declared value exceeding $1,000,000 or exceeding an amount equal to 10% of the total liabilities as shown by the balance sheet of issuer at the time of such issue (whichever of such sums is the lesser), give the following information with respect to each such issue or sale:

Title of Issue

  Amount Issued or
Sold

  Proceeds Received by
Issuer per $100
(Before Expenses)

  Approximate
Expense of
Issuer per
$100

  Name of Principal
Underwriters or
Purchaser

  Underwriters
Initial
Offering Price

 
1999                            
LCC—Medium Term Notes—May 04   $ 150,000,000   $ 99.50   $ .16   Chase, JPM, ML   100 %
LCC—Medium Term Notes—Sept. 00     50,000,000   $ 99.85   $ .10   Wachovia   100 %
2000                            
Jefferson County—2000 Series A   $ 25,000,000   $ 99.50   $ 2.08 * MSDW   100 %
                                        
Mercer County—2000 Series A   $ 12,900,000   $ 99.50   $ 2.81 * MSDW   100 %
                                        
Trimble County—2000   $ 83,335,000   $ 99.50   $ .88 * JPM, GS   100 %
                                        
LLC- Medium Term Notes—2001   $ 150,000,000   $ 99.85   $ .10 * Chase, ML, JPM   100 %
                                        
2001                            
Jefferson County—2001 Series A   $ 10,104,000   $ 99.50   $ 4.60 * MSDW   100 %
                                        
2002                            
Jefferson County—2001 Series A   $ 22,500,000   $ 99.60   $ .67   UBS   100 %
                                        
Trimble County—2001 Series A   $ 27,500,000   $ 99.60   $ .56   UBS   100 %
                                        
Jefferson County—2001 Series B   $ 35,000,000   $ 99.60   $ .40   UBS   100 %
                                        
Trimble County—2001 Series B   $ 35,000,000   $ 99.60   $ 2.29 * UBS   100 %
                                        
Carroll County—2002 Series A   $ 20,930,000   $ 99.80   $ .37   Banc One   100 %
                                        
Carroll County—2002 Series B   $ 2,400,000   $ 99.80   $ 3.26   Banc One   100 %
                                        
Mercer County—2002 Series A   $ 7,400,000   $ 99.80   $ 1.05   Banc One   100 %
                                        
Muhlenberg County—2002 Series A   $ 7,200,000   $ 99.80   $ 1.09   Banc One   100 %
                                        
Carroll County—2002 Series C   $ 96,000,000   $ 99.65   $ 1.92 * SSB, BoA   100 %
                                        
Trimble County—2002 Series A   $ 41,665,000   $ 99.65   $ 2.29 * UBS   100 %
                                        
2003                            
Louisville/ Jefferson Metro—2003 Series A   $ 128,000,000   $ 99.65   $ 2.20 * MSDW, BoA, Banc One, Wachovia   100 %

*
Includes cost of insurance

        In addition to the above securities, loans were completed with an affiliated company, Fidelia. Please see item 8.a. for details.

19




AGREEMENTS FOR FUTURE DISTRIBUTION OF SECURITIES

        14.   (a) Summarize the terms of any existing agreement to which the registrant or any associate or affiliate company thereof is a party or in which any such company has a beneficial interest with respect to future distribution of securities of the registrant or of any subsidiary.

        Pursuant to a Private Placement Agency Agreement dated June 13, 2000 between LG&E Capital Corp. and Chase Securities Inc., Merrill Lynch & Co. and J.P. Morgan Securities Inc., LG&E Capital Corp. may issue from time to time up to $500 million of medium term notes at any time outstanding. As of December 31, 2003, $150 million of medium term notes were outstanding thereunder.

        Pursuant to a Private Placement Agency Agreement dated February 3, 1998 between LG&E Capital Corp. and Chase Securities Inc., Merrill Lynch & Co. and J.P. Morgan Securities Inc., LG&E Capital Corp. may issue from time to time up to $500 million of medium term notes at any time outstanding. As of December 31, 2003, $450 million of medium term notes were outstanding thereunder.

        Pursuant to Commercial Paper Dealer Agreements dated October 26, 1999 and October 13, 1999 between Louisville Gas & Electric Company and Chase Securities Inc. and Banc One Capital Markets, Inc., Louisville Gas & Electric Company may issue from time to time up to $200 million of commercial paper notes at any time outstanding. As of December 31, 2003, no commercial paper notes were outstanding thereunder.

        Pursuant to Commercial Paper Dealer Agreements dated September 5, 1997 between LG&E Capital Corp. and First Chicago Capital Markets, Inc., Merrill Lynch Money Markets, Inc. and Morgan Stanley & Co, Inc., LG&E Capital Corp. may issue from time to time up to $600 million of commercial paper notes at any time outstanding. As of December 31, 2003, no commercial paper notes were outstanding thereunder.

        Pursuant to a Credit Agreement between Louisville Gas and Electric with Landesbank Hessen-Thuringen Girozentrale, New York Branch dated July 24, 2003, Louisville Gas and Electric may issue up to $25 million of short-term notes. At December 31, 2003, no notes were outstanding thereunder.

        Pursuant to a Credit Agreement between Louisville Gas and Electric with Deutsche Bank AG, New York Branch dated July 2, 2003, Louisville Gas and Electric may issue up to $25 million of short-term notes. At December 31, 2003, no notes were outstanding thereunder.

        Pursuant to a Credit Agreement between Louisville Gas and Electric with U.S. Bank NA dated July 2, 2003, Louisville Gas and Electric may issue up to $25 million of short-term notes. At December 31, 2003, no notes were outstanding thereunder.

        Pursuant to a Credit Agreement between Louisville Gas and Electric with Wachovia Bank NA dated July 2, 2003, Louisville Gas and Electric may issue up to $50 million of short-term notes. At December 31, 2003, no notes were outstanding thereunder.

        Pursuant to a Credit Agreement between Louisville Gas and Electric with West LB AG, New York Branch dated July 2, 2003, Louisville Gas and Electric may issue up to $50 million of short-term notes. At December 31, 2003, no notes were outstanding thereunder.

        Pursuant to an Overnight Loan Facility Agreement between LG&E Energy and E.ON North America, Inc. dated February 24, 2003, LG&E Energy may issue up to $150 million of short-term notes. At December 31, 2003, notes totaling $111.1 million were outstanding thereunder.

        (b)   Describe briefly the nature of any financial interest (other than the ownership of securities acquired as a dealer for the purpose of resale) which any person with whom such agreement exists, has in the registrant or in any associate or affiliate company thereof.

        The dealers in the above agreements are entitled to cash compensation for the services rendered pursuant to those agreements.

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TWENTY LARGEST HOLDERS OF CAPITAL STOCK

        15.   As of a recent date (indicating such date for each class) give the following information with respect to the holders of each class of stock and/or certificates of beneficial interest of the registrant:

        This information is provided as of December 31, 2003 and for LG&E Energy LLC only. The beneficial holders of share capital in the subsidiaries of LG&E Energy LLC are shown in response to Item 9.

        (a)   List the twenty largest holders in accordance with the table below:

Title of Issue

  Holder of Record and Address
  Number of Shares
Owned

  Percent of
Class

LG&E Energy LLC—Membership interests   E.ON US Investments Corp.
c/o 220 West Main Street
Louisville, KY 40202
  1001 Units   100

        (b)   Number of shareholders of record each holding 1,000 shares or more, and aggregate number of shares so held.

        One shareholder, E.ON US Investments Corp., owns 1001 Units of LG&E Energy LLC, which constitutes 100% of the membership units outstanding.

        (c)   Number of shareholders of record each holding less than 1,000 shares and the aggregate number of shares so held.

        See response to (b) above.


OFFICERS, DIRECTORS AND EMPLOYEES

        16.   (a) POSITIONS AND COMPENSATION OF OFFICERS AND DIRECTORS. Give name and address of each director and officer (including any person who performs similar functions) of the registrant, of each subsidiary company thereof, and of each mutual service company which is a member of the same holding company system. Opposite the name of each such individual give the title of every such position held by him and briefly describe each other employment of such individual by each such company.

        State the present rate of compensation on an annual basis for each director whose aggregate compensation from all such companies exceeds $1,000 per year, and of each officer whose aggregate compensation from such companies is at the rate of $20,000 or more per year. In the event any officer devotes only part of his time to a company or companies in the system this fact should be indicated by appropriate footnote. Such compensation for such part time should be computed on an annual rate and if such annual rate exceeds $20,000 the actual compensation as well as annual rate should also be reported.

        By permission of the Staff (a) only the name of each officer or director, the company, and the titles of the positions held are included; (b) information on the compensation of officers, directors and certain

21



employees required by Items 16(a) and (b) are excluded; and (c) information relating to LG&E Energy LLC only is included.

Name

  Address
  Company
  Positions and
Employments

  Present Compensation
(Annual Rate)

Victor A. Staffieri   c/o LG&E Energy LLC 220 West Main Street Louisville, KY 40202   LG&E Energy LLC   Chairman of the Board, Chief Executive Officer and President   Omitted

Daniel K. Arbough

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Treasurer

 

Omitted

Michael S. Beer

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Vice President—Rates and Regulatory

 

Omitted

D. Ralph Bowling

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Vice President—Power Operations—WKE

 

Omitted

Martyn Gallus

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Senior Vice President—Energy Marketing

 

Omitted

Bruce D. Hamilton

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Vice President—Independent Power Operations

 

Omitted

Chris Hermann

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Senior Vice President—Energy Delivery

 

Omitted

R.W. Chip Keeling

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Vice President—Communications

 

Omitted

John R. McCall

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Executive Vice President, General Counsel and Secretary

 

Omitted

Paula H. Pottinger

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Vice President—Human Resources

 

Omitted

S. Bradford Rives

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Chief Financial Officer

 

Omitted

George R. Siemens

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Vice President—External Affairs

 

Omitted

A. Roger Smith

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Senior Vice President—Project Engineering

 

Omitted

Paul W. Thompson

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Senior Vice President—Energy Services

 

Omitted

David A. Vogel

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Vice President—Retail and Gas Storage Operations

 

Omitted

John N. Voyles, Jr.

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Vice President—Regulated Generation

 

Omitted

Wendy C. Welsh

 

c/o LG&E Energy LLC
220 West Main Street
Louisville, KY 40202

 

LG&E Energy LLC

 

Senior Vice President—Information Technology

 

Omitted

        (b)   COMPENSATION OF CERTAIN EMPLOYEES. As to regular employees of such companies who are not directors or officers of any one of them, list the name, address and aggregate annual rate of compensation of all those who receive $20,000 or more per year from all such companies.

        (c)   INDEBTEDNESS TO SYSTEM COMPANIES. As to every such director, trustee or officer as aforesaid, who is indebted to any one of such companies, or on whose behalf any such company has now outstanding and effective any obligation to assume or guarantee payment of any indebtedness to another, and whose total direct and contingent liability to such company exceeds the sum of $1,000, give the name of such director, trustee, or officer, the name of such company and describe briefly the nature and amount of such direct and contingent obligations.

        To the knowledge of LG&E Energy LLC's management, no such obligation exists.

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        (d)   CONTRACTS. If any such director, trustee or officer as aforesaid:

        To the knowledge of LG&E Energy LLC's management, no such contracts exist.

        (e)   BANKING CONNECTIONS. If any such director, trustee or officer, is an executive officer, director, partner, appointee or representative of any bank, trust company, investment banker, or banking association or firm, or of any corporation a majority of whose stock having the unrestricted right to vote for the election of directors, is owned by any bank, trust company, investment banker, or banking association or firm, state the name of such director or officer, describe briefly such other positions held by him and indicate which of the rules under Section 17(c) authorizes the registrant and subsidiary companies of which he is a director or officer to retain him in such capacity.

        To the knowledge of LG&E Energy LLC's management, no such relationship exists.


INTERESTS OF TRUSTEES IN SYSTEM COMPANIES

        17.   Describe briefly the nature of any substantial interest which any trustee under indentures executed in connection with any outstanding issue of securities of the registrant or any subsidiary thereof, has in either the registrant or such subsidiary, and any claim which any such trustee may have against registrant or any subsidiary; provided, however, that it shall not be necessary to include in such description any evidences of indebtedness owned by such trustee which were issued pursuant to such an indenture.

        To the knowledge of LG&E Energy LLC's management, there are no such interests or claims.


SERVICE, SALES AND CONSTRUCTION CONTRACTS

        18.   As to each service, sales or construction contract (as defined in paragraphs (19) to (21) of Section 2(a) of the Act) which the registrant and any subsidiary company thereof has had in effect within the last three months, describe briefly the nature of such contract, the name and address of the parties thereto, the dates of execution and expiration, and the compensation to be paid thereunder. Attach typical forms of any such contracts as an exhibit to this registration statement. If the other party to any such contract is a mutual service company or a subsidiary service company which is a member of the same holding company system as the registrant and as to which the Commission has made a favorable finding in accordance with Rule 13-22, specific reference may be made to the application or declaration filed by such company pursuant to Rule 13-22 and no further details need be given as to such contracts.

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LITIGATION

        19.   Describe briefly any existing litigation of the following descriptions, to which the registrant or any subsidiary company thereof is a party, or of which the property of the registrant or any such subsidiary company is the subject, including the names of the parties and the court in which such litigation is pending:

        Please refer to (a) the E.ON Form 20-F which is incorporated herein by reference and (b) Item 3 of the 2003 10-K of LG&E and KU, which is to be incorporated herein by reference upon the filing thereof.

        EXHIBIT A. Furnish a corporate chart showing graphically relationships existing between the registrant and all subsidiary companies thereof as of the same date as the information furnished in the answer to Item 8. The chart should show the percentage of each class voting securities of each subsidiary owned by the registrant and by each subsidiary company.

        A copy of a corporate chart showing the relationships between the registrants and their subsidiaries is provided under cover of Form SE.

        EXHIBIT B. With respect to the registrant and each subsidiary company thereof, furnish a copy of the charter, articles of incorporation, trust agreement, voting trust agreement, or other fundamental document of organization, and a copy of its by-laws, rules and regulations, or other instruments corresponding thereto. If such documents do not set forth fully the rights, priorities and preferences of the holders of each class of capital stock described in the answer to Item 8(b) and those of the holders of any warrants, options or other securities described in the answer to Item 8(d), and of any limitations on such rights, there shall also be included a copy of each certificate, resolution or other document establishing or defining such rights and limitations. Each such document shall be in the amended form effective at the date of filing the registration statement or shall be accompanied by copies of any amendments to it then in effect.

        By permission of the Staff, in lieu of the exhibits required under Exhibit B, the jurisdiction of incorporation for LG&E Energy LLC and each of its subsidiary companies and a brief description of every subsidiary company of LG&E Energy LLC is provided herein by reference to Items 4 and 5. The Articles of Organization and Operating Agreement of LG&E Energy LLC are incorporated by reference to Exhibits A-1 and A-2, respectively, of the Application on Form U-1, File No. 70-10176.

        EXHIBIT C. (a) With respect to each class of funded debt shown in the answers to Item 8(a) and 8(c), submit a copy of the indenture or other fundamental document defining the rights of the holders of such security, and a copy of each contract or other instrument evidencing the liability of the registrant or a subsidiary company thereof as endorser or guarantor of such security. Include a copy of each amendment of such document and of each supplemental agreement, executed in connection

24



therewith. If there have been any changes of trustees thereunder, such changes, unless otherwise shown, should be indicated by notes on the appropriate documents. No such indenture or other document need be filed in connection with any such issue if the total amount of securities that are now, or may at any time hereafter, be issued and outstanding thereunder does not exceed either $1,000,000 or an amount equal to 10% of the total of the debit accounts shown on the most recent balance sheet of the registrant or subsidiary company which issued or guaranteed such securities or which is the owner of property subject to the lien of such securities, whichever of said sums is the lesser.

        (b)   As to each outstanding and uncompleted contract or agreement entered into by registrant or any subsidiary company thereof relating to the acquisition of any securities, utility assets (as defined in Section 2(a)(18) of the Act), or any other interest in any business, submit a copy of such contract or agreement and submit details of any supplementary understandings or arrangements that will assist in securing an understanding of such transactions.

        By permission of the Staff, Exhibit C has been omitted.

        EXHIBIT D. A consolidating statement of income and surplus of the registrant and its subsidiary companies for its last fiscal year ending prior to the date of filing this registration statement, together with a consolidating balance sheet of the registrant and its subsidiary companies as of the close of such fiscal year.

        A consolidating balance sheet and income statement for LG&E Energy LLC as of, or for the year ended December 31, 2003 is being filed in paper under cover of Form SE; Confidential treatment requested pursuant to Rule 104(b), 17 CFR 250-104(b)). The audited financial statements of LG&E Energy LLC will be filed by amendment, on a confidential basis, when available.

        EXHIBIT E. For each public utility company and natural gas producing and pipe line property in the holding company system of the registrant, furnish the following maps (properties of associate companies operating in contiguous or nearby areas may be shown on the same map, provided property and service areas of each company are shown distinctively).

        (1)   Map showing service area in which electric service is furnished, indicating the names of the companies serving contiguous areas;

        (2)   Electric system map showing location of electric property (exclusive of local distribution lines) owned and/or operated, and information as follows:

        (3)   Map showing service area in which gas service is furnished, indicating the names of companies serving contiguous areas;

        (4)   Gas system map showing location of gas property (exclusive of low pressure local distribution lines) owned and/or operated, and information as follows:

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        (The maps should suitably indicate all properties owned by the company and leased to others, and also all properties leased from others and operated by the company.

        Where clarity will not be sacrificed, the information called for under (1) and (2) may be shown on one map and that under (3) and (4) on another map.

        All maps should be in black and white, as of a specified recent date and drawn approximately to scale. In order that the geographical relations may be clear, indicate the boundaries of States and principal political subdivisions and locations of the more important municipalities in the region.)

        A copy of each of the following maps is provided in response to this exhibit requirement under cover of Form SE:

        Map of electric service areas in Kentucky.

        Map of gas transmission in Kentucky.

        Louisville Gas & Electric Company/Kentucky Utilities Company system map. (filed on a confidential basis)

        Map of electric transmission in Kentucky. (filed on a confidential basis)

        Old Dominion Power Company system map. (filed on a confidential basis)

        Map of Kentucky gas distribution systems (filed on a confidential basis).

        Map of LG&E and KU generating stations and corporate, operations and service centers. (filed on a confidential basis)

        EXHIBIT F. Furnish an accurate copy of each annual report for the last fiscal year ending prior to the date of the filing of this registration statement, which the registrant and each subsidiary company thereof has previously submitted to its stockholders. For companies for which no reports are submitted the reason for omission should be indicated.

        EXHIBIT G. Furnish a copy of each annual report which the registrant and each public utility subsidiary company thereof shall have filed with any State commission having jurisdiction to regulate public utility companies for the last fiscal year ending prior to the date of filing this registration statement. If any such company shall have filed similar reports with more than one such State commission, the registrant need file a copy of only one of such reports provided that notation is made of such fact, giving the names of the different commissions with which such report was filed, and setting forth any differences between the copy submitted and the copies filed with such other commissions. In the event any company submits an annual report to the Federal Energy Regulatory Commission but not to a State commission, a copy of such report should be furnished. In the case of a

26


registrant or any public utility subsidiary company for which no report is appended the reasons for such omission should be indicated such as "No such reports required or filed."

        The following documents will be filed by amendment:

        EXHIBIT H. Typical forms of service, sales or construction contracts described in answer to Item 18.

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SIGNATURE

        Pursuant to the requirements of the Public Utility Holding Company Act of 1935, the registrant had caused this registration statement to be duly signed on its behalf in the City of Louisville, Kentucky, on the 29th day of March, 2004.

    LG&E ENERGY LLC
(Name of Registrant)

 

 

By:

 

/s/ JOHN R. MCCALL

    Name:   John R. McCall
    Title:   Executive Vice President, General Counsel and Secretary

ATTEST:

 

 

By:

 

/s/ DANIEL K. ARBOUGH


 

 
Name:   Daniel K. Arbough
   
Title:   Treasurer
   

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STATE OF KENTUCKY     )  
      ) SS
COUNTY OF JEFFERSON     )  


VERIFICATION

        The undersigned being duly sworn deposes and says that he has duly executed the attached registration statement dated March 29, 2004, for and on behalf of LG&E Energy LLC; that he is the Secretary of LG&E Energy LLC and authorized to sign on its behalf; and that all action by stockholders, directors, and other bodies necessary to authorize deponent to execute and file such instrument has been taken. Deponent further says that he is familiar with such instrument and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.

    Signature:   /s/ JOHN R. MCCALL
    Name:   John R. McCall

(OFFICIAL SEAL)

Subscribed and sworn to before me, a Notary Public this 25th day of March, 2004.

Name:   /s/ PATRICIA W. SENA
   

My commission expires December 24, 2007.

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INDEX OF EXHIBITS

Exhibit No.

  Description
A-1   Corporate chart of LG&E Energy LLC (filed herewith on Form SE)

D

 

Financial statements (Filed in paper format under cover of Form SE; Confidential treatment requested pursuant to Rule 104(b), 17 CFR 250-104(b))

E-1

 

Map of Electric Service Areas in Kentucky (filed herewith on Form SE)

E-2

 

Map of Gas Transmission in Kentucky (filed herewith on Form SE)

E-3

 

Louisville Gas & Electric Company/Kentucky Utilities Company System Map (Filed in paper format under cover of Form SE; Confidential treatment requested pursuant to Rule 104(b), 17 C.F.R. 250-104(b))

E-4

 

Map of Electric Transmission in Kentucky (Filed in paper format under cover of Form SE; Confidential treatment requested pursuant to Rule 104(b), 17 C.F.R. 250-104(b))

E-5

 

Old Dominion Power Company System Map (Filed in paper format under cover of Form SE; Confidential treatment requested pursuant to Rule 104(b), 17 C.F.R. 250-104(b))

E-6

 

Map of Kentucky Gas Distribution Systems (Filed in paper format under cover of Form SE; Confidential treatment requested pursuant to Rule 104(b), 17 C.F.R. 250-104(b))

E-7

 

Map of LG&E and KU generating stations and corporate, operations and service centers (Filed in paper format under cover of Form SE; Confidential treatment requested pursuant to Rule 104(b), 17 C.F.R. 250-104(b))

F

 

LG&E's 2003 Annual Report to Shareholders (to be filed by amendment)

G-1

 

Annual Report of Major Electric Utilities, Licensees and Others (FERC Form 1) for the year ended December 31, 2003 for LG&E (to be filed by amendment)

G-2

 

Annual Report of Major Electric Utilities, Licensees and Others (FERC Form 1) for the year ended December 31, 2003 for KU (to be filed by amendment)

G-3

 

Annual Report of Major Natural Gas Companies (FERC Form 2) for the year ended December 31, 2003 for LG&E (to be filed by amendment)

G-4

 

2003 Annual Report of KU to the Virginia State Corporation Commission (Required annual report is FERC Form 1, to be filed as Exhibit G-2).

G-5

 

2003 Annual Report of LG&E to the Kentucky State Commission (Required annual report is FERC Forms 1 and 2, to be filed as Exhibits G-1 and G-3).

G-6

 

2003 Annual Report of KU to the Kentucky State Commission (Required annual report is FERC Form 1, to be filed as Exhibit G-2).

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QuickLinks

FORM U5B REGISTRATION STATEMENT
BUSINESS
PROPERTY
INTERSTATE TRANSACTIONS
SECURITIES OUTSTANDING
FUNDED DEBT
CAPITAL STOCK
CONTINGENT LIABILITIES
OTHER SECURITIES
INVESTMENT IN SYSTEM SECURITIES
INVESTMENTS IN OTHER COMPANIES
INDEBTEDNESS OF SYSTEM COMPANIES
PRINCIPAL LEASES
SECURITIES SOLD
AGREEMENTS FOR FUTURE DISTRIBUTION OF SECURITIES
TWENTY LARGEST HOLDERS OF CAPITAL STOCK
OFFICERS, DIRECTORS AND EMPLOYEES
INTERESTS OF TRUSTEES IN SYSTEM COMPANIES
SERVICE, SALES AND CONSTRUCTION CONTRACTS
LITIGATION
SIGNATURE
VERIFICATION
INDEX OF EXHIBITS