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LG&E ENERGY CORP. REPORTS 1992 EXCELLENT YEAR FOR SHAREHOLDERS

 LOUISVILLE, Ky., May 11 /PR Newswire/ -- Strong performance by LG&E Energy Corp.'s (NYSE: LGE) non-utility businesses and continued efficiencies in its utility business boosted 1992 total shareholder return 17 percent above the previous year's performance, Roger Hale, Chairman and CEO, told shareholders at the company's annual meeting today at the Hyatt Regency.
 This total shareholder return, including reinvested dividends and stock price appreciation, surpassed the Standard & Poors 500 and the S&P utility indices for the same period.
 LG&E Energy Corp. is an energy-services business with headquarters in Louisville. It owns and operates Louisville Gas and Electric Company, a regulated utility, and LG&E Power Systems Inc. in Irvine, California, a fully integrated independent power producer. In addition, LG&E Energy Corp. also has a general partnership interest in Natural Gas Clearinghouse (NGC), the nation's largest independent natural gas marketer. Other partners in NGC are British Gas and NGC management.
 Hale said the company's proactive response to industry change has worked for shareholders, but to ensure future success LG&E Energy Corp. must continue to anticipate and be responsive to the changing marketplace.
 Hale said both LG&E Power Systems and Natural Gas Clearinghouse are already prepared for the challenges resulting from changes in the regulatory arena for independent power producers and natural gas marketers.
 However, Hale noted, the foundation for LG&E Energy Corp.'s impressive financial results is the continuing strong performance of its core business -- Louisville Gas and Electric Company.
 Despite the escalating costs of fuel and other items, electric rates for residential customers in 1992 were about seven percent less than they were six years ago, Hale said. And compared with national electricity prices, LG&E's rates for residential, commercial and industrial customers were about 27 percent lower than the national average.
 The utility company has built a very strong relationship with its customers, Hale continued. In 1992, for example, on average, six out of every ten customers rated LG&E's service as "excellent." In addition, the utility's excellent ratings improved by 5 percentage points in each of the last two years.
 Louisville Gas and Electric Company is also prepared for regulatory changes, Hale said. Last year the company asked the Federal Energy Regulatory Commission for permission to charge market-based rates for its sale of electricity to other utilities. And in January 1993, the commission approved, making LG&E only the third utility in the country to receive this authorization.
 Hale noted that the company is looking forward to reaching a final and fair resolution of issues involving Louisville Gas and Electric Company's Trimble County electric generating station. In April 1993, the Kentucky Court of Appeals agreed with LG&E's arguments, overturning a circuit court ruling that incorrectly ordered the company to refund to customers approximately $150 million in proceeds from the sale of 25 percent of the plant. The Court of Appeals ruled that the matter should be returned to the Public Service Commission of Kentucky.
 -O- 5/11/93
 /CONTACT: Paul Heagen of LG&E Energy Corp., 502-627-2877, or (home) 502-228-9763/
 (LGE)


CO: LG&E Energy Corp. ST: Kentucky IN: UTI SU:

SB -- CH008 -- 7059 05/11/93 12:24 EDT
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Date:May 11, 1993
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