RD150 - Kentucky Utilities Company d/b/a Old Dominion Power Company, Integrated Resource Plan - April 28, 2016

Executive Summary:
Kentucky Utilities Company ("KU") is, at its name implies, a Kentucky-based electric utility with limited operations in Virginia, in which it does business as Old Dominion Power Company ("ODP" or, the "Company"). In Kentucky, KU and its sister utility, Louisville Gas and Electric Company ("LG&E") (collectively, the "Companies"), collectively serve over 900,000 customer accounts in over 80 of Kentucky's 120 counties with over 8,000 megawatts ("MW") of combined generating capacity, all of which is located in Kentucky and is subject to the jurisdiction of the Kentucky Public Service Commission ("Kentucky PSC"); neither KU nor LG&E (nor KU operating as ODP) owns or operates any generating assets in Virginia (indeed, LG&E has no utility assets or customers in Virginia). ln contrast to LG&E and KU's significant Kentucky utility operations, ODP provides retail electric service to approximately 28,000 customers in the Virginia counties of Wise, Lee, Russell, Scott, and Dickenson, supplying those customers with energy from KU and LG&E's generating assets in Kentucky. The electric load in the ODP service territory in Virginia primarily consists of residential and coal mining operations. The territory is almost entirely rural and mountainous with negligible load growth and represents approximately five percent of KU's total customer base. KU and ODP's principal place of business is One Quality Street, Lexington, Kentucky 40507 and ODP maintains a Business Office in the town of Pennington Gap, Virginia and a Business Office and Operations Center in Norton, Virginia.

Recognizing the small scale of ODP's operations, the Virginia General Assembly exempted ODP from the requirements of the Virginia Electric Utility Regulation Act (VCA §§ 56-576 - 56-596). Nonetheless, ODP is subject to the recently amended requirements of VCA § 56-599 concerning the filing of integrated resource plans ("IRPs"). This filing is intended to satisfy the revised requirement of VCA § 56-599 that each electric utility file an updated [RP with the Virginia State Corporation Commission ("Commission") by May 1.