Moody's: Louisville Gas short-term CP Prime-2

Moody's Investors Service said it assigned a short-term rating for commercial paper of Prime-2 to Louisville Gas and Electric Co.'s newly established $250 million commercial paper program.

Separately, Moody's said it affirmed the company's long-term ratings of A2, first mortgage bonds and Baa1 issuer rating and bank loan rating.

The outlook remains stable.

Moody's said Louisville Gas expects to utilize proceeds from the program to fund its capital investment program and for working capital needs.

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