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Kentucky Utilities' origins date back to 1905, when a New Yorker named Harry Reid came to Versailles, Kentucky, with plans to build an electric company. He bought an old power plant in the town and struggled to make a go of the business for five years.What happened to Kentucky Power & Light Company?
In 1941, KU consolidated with a northeastern Kentucky utility, Kentucky Power & Light. Two years later, KU purchased the properties of Tri-City Utilities Company. In addition to the ice company, KU was involved with other nonelectrical businesses, including trolleys, water works, gas utilities, and even the Southeastern Greyhound bus system.What happened to Ku utilities in 1939?
In 1939, KU received nearly $1.5 million in the liquidation of its collateral trust notes and investment in the Kentucky Securities Company. In 1941, KU consolidated with a northeastern Kentucky utility, Kentucky Power & Light. Two years later, KU purchased the properties of Tri-City Utilities Company.What happened to Lexington Utilities Company?
Lexington Utilities Company's common stock was purchased in 1935 for $350,000; by 1940, KU acquired direct ownership of the entire company. In doing so, KU also acquired the Lexington Ice Company property, a subsidiary of Lexington Utilities.