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LG&E and KU Energy LLC Utilize the Entire PowerPlan Asset Accounting Suite

Atlanta, GA (September 28, 2012) LG&E and KU Energy LLC round out their existing PowerPlan suite by adding the Property Tax and Lessee Accounting Solutions. The new system includes a complete bill management system, allowing for automation of check requests. It also prepares and books all accruals and related journal entries. The LG&E-KU team looks forward to reducing audit time and risk while realizing internal productivity gains such as faster processing times due to improved workflow, automation of manual processes so tax professionals can focus on strategic tax activities and lower IT support costs due to simplified and automated integration.

About LG&E and KU Energy LLC:
LG&E and KU Energy LLC, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy. It generates electricity from coal, oil and gas, and hydro energy sources. As of December 31, 2011, the company owned, controlled, or had an ownership interest in generating capacity of 8,185 megawatts in Kentucky, Indiana, and Ohio. It is also involved in the distribution and sale of natural gas in Kentucky. The company provides natural gas services to approximately 319,000 customers. It serves industrial, commercial, and residential customers primarily in Kentucky, Virginia, and Tennessee. The company was formerly known as E.ON U.S. LLC and changed its name to LG&E and KU Energy LLC in November 2010. The company was founded in 1990 and is headquartered in Louisville, Kentucky. As of November 1, 2010, LG&E and KU Energy LLC operates as a subsidiary of PPL Corporation.

About PowerPlan: PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email info@powerplan.com or visit www.powerplan.com.

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For more information contact:
Tiffany Smith
678.223.2711
pr@powerplan.com

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