Confidential Protection Request for Riverport Distribution Center Appraisal Report

Strategic Insights -

The Kentucky Public Service Commission has been petitioned by Louisville Gas and Electric Company (LG&E) to grant confidential protection for a third-party appraisal report of the Riverport Central Service Shop. The report, prepared by Tamplin & Co., contains commercially sensitive information that could give competitors an unfair advantage if disclosed. LG&E seeks to market and sell the property, and public disclosure of the appraisal report could impact the sales process and the sum realized by LG&E.

Key Takeaways:

  • LG&E is seeking confidential protection for a third-party appraisal report of the Riverport Central Service Shop, which contains commercially sensitive information.
  • The appraisal report was prepared by Tamplin & Co. and states that it may not be used or copied without the written consent of the signing appraisers.
  • Public disclosure of the appraisal report could give competitors an unfair advantage in negotiating the sale of the property and could impact the sales process and the sum realized by LG&E.
  • LG&E has requested confidential protection for the attachment to PSC 1-2, which includes the appraisal report, citing KRS 61.878(1)(c)(1).
  • The Commission has previously granted confidential protection to real estate appraisal reports under similar circumstances, including in Case No. 2021-00314 and Case No. 2019-00326.
  • LG&E will disclose the confidential information to intervenors with a legitimate interest in this information and as required by the Commission.
  • If the Commission disagrees with this request for confidential protection, it must hold an evidentiary hearing to protect LG&E's due process rights and to supply the Commission with a complete record.

Statistics:

  • 7301 Distribution Drive is the location of the Riverport Central Service Shop, which is the subject of the appraisal report.
  • Tamplin & Co. prepared the third-party appraisal report at an unspecified cost to LG&E.
  • The appraisal report states that it contains commercially sensitive information that is not publicly available.
  • 11 points were cited by LG&E in support of their petition for confidential protection.
  • 2 previous cases (Case No. 2021-00314 and Case No. 2019-00326) were cited by LG&E as examples of similar confidential protection requests.

Sources:

  • Commonwealth of Kentucky Before the Public Service Commission: In the Matter of: Electronic Application of Louisville Gas and Electric Company for Authority to Transfer the Riverport Distribution Center Pursuant to KRS 278.218, Case No. 2025-00104.