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LG&E Power to Transfer Some Workers, Functions

March 30, 1994|From Bloomberg News Service

IRVINE — LG&E Energy Corp.'s LG&E Power unit said it plans to relocate several functions from its Irvine headquarters to Louisville, Ky., as part of a restructuring plan announced last year.

The company said it will relocate an unspecified number of employees from Irvine and will fill about 30 managerial and seven clerical and administrative staff positions through local hiring and a national recruitment effort over the next few months.

Kathy Campbell, a spokeswoman at LG&E Power, said there were no job cuts involved in the relocation.

The move to Louisville is designed to maximize planning and marketing efforts in the growing segment of wholesale power development and marketing, Ed Casey, group president of LG&E Energy Services, said in a statement.

LG&E Power's engineering, construction and plant operations staff will remain headquartered in Irvine.

In November, LG&E Energy Corp. consolidated its various businesses into LG&E Energy Services, which will oversee all wholesale power products, development and marketing, and Louisville Gas and Electric Co., which will focus on retail utility services in the state.

The supplier of electricity and gas made the consolidations in anticipation of intense competition in the closely regulated utility industry.

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