Kentucky Public Service Commission Approves Sale of Riverport Central Service Shop

Strategic Insights -

The Kentucky Public Service Commission has granted Louisville Gas and Electric Company (LG&E) approval to sell the Riverport Central Service Shop to a prospective third-party buyer. The commission's final order, entered on May 27, 2025, grants LG&E's application and requires the company to provide a copy of the executed sales contract upon completion of the sale. Additionally, LG&E must file a notice accounting for the total gain or loss on the sale of the property within 30 days after the closure of the transaction.

Key Takeaways:

  • The Kentucky Public Service Commission has approved LG&E's application to sell the Riverport Central Service Shop to a third-party buyer.
  • The commission's final order grants LG&E the authority to sell the property and requires the company to provide a copy of the executed sales contract.
  • LG&E must file a notice accounting for the total gain or loss on the sale of the property within 30 days after the closure of the transaction.
  • The commission has also granted confidential treatment to certain materials related to the sale, which will not be publicly available until the real estate transactions are completed or further order of the commission is received.
  • Rick E. Lovekamp, a LG&E representative, submitted several documents related to the application, including responses to commission staff's requests for information and a verified application for an order authorizing the sale.

Statistics:

  • Total Number of Cases: 1
  • Number of Orders Entered: 2 (one final order and one order granting confidential treatment)
  • Number of Days for Filing Notice of Gain or Loss: 30
  • Date of Receipt of LG&E's Application: March 31, 2025
  • Date of Final Order Entered: May 27, 2025

Sources:

  • [Kentucky Public Service Commission. (2025, May 27). Page 1 of 1 DOC11R Case Management System.]
  • [Louisville Gas and Electric Company. (2025, March 31). Verified Application for an Order Authorizing LGE to Sell the Riverport Central Service Shop.]
  • [Louisville Gas and Electric Company. (2025, April 28). Responses to the Commission Staff's First Request for Information.]