(LOUISVILLE, Ky. - March 10, 2005) - LG&E Energy LLC's parent company, E.ON AG, announced at today's press conference and analyst meeting that it plans to remain in the United States through its investment in LG&E Energy.

E.ON indicated that it would retain its U.S. position, keeping open the option to pursue growth opportunities in the world's largest power and gas market. E.ON has already demonstrated its commitment to Kentucky by its support for more than $2 billion in environmental improvements and the expansion of the Trimble County plant.

This is great news for the 3,500 employees of LG&E Energy and the communities served by Louisville Gas and Electric and Kentucky Utilities companies, ending speculation that LG&E Energy could be sold.

"Today's announcement demonstrates E.ON's confidence in our performance and ensures that we will remain the cornerstone of E.ON's U.S. investment strategies," said Victor Staffieri, Chairman, CEO and President of LG&E Energy.

E.ON AG, the world's largest investor-owned energy service provider, is headquartered in Düsseldorf, Germany. In 2002, it acquired Powergen, LG&E Energy's parent company at the time. For E.ON's complete press release and annual results please go to www.eon.com.



LG&E Energy LLC, headquartered in Louisville, Ky., is a diversified energy services company. LG&E Energy owns and operates Louisville Gas and Electric Company, a regulated utility that serves 318,000 natural gas and 390,000 electric customers in Louisville and 16 surrounding counties, and Kentucky Utilities Company, a regulated electric utility in Lexington, Ky., that serves 518,000 customers in 77 Kentucky counties and five counties in Virginia.