8-K

                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549


                                 FORM 8-K


                              CURRENT REPORT
                    Pursuant to Section 13 or 15(d) of
                    the Securities Exchange Act of 1934


      Date of Report (Date of earliest event reported): June 30, 2004

  Commission  Registrant, State of Incorporation,  IRS Employer
 File Number     Address, and Telephone Number  Identification No.


    1-2893    Louisville Gas and Electric Company   61-0264150
                    (A Kentucky Corporation)
                      220 West Main Street
                         P.O. Box 32010
                     Louisville, Ky. 40232
                         (502) 627-2000

    1-3464         Kentucky Utilities Company       61-0247570
             (A Kentucky and Virginia Corporation)
                       One Quality Street
                 Lexington, Kentucky 40507-1428
                         (859) 255-2100

This  combined Form 8-K is separately filed by Louisville Gas and  Electric
Company  and  Kentucky  Utilities Company.   Information  contained  herein
relating  to any individual registrant is filed by such registrant  on  its
own  behalf  and each registrant makes no representation as to  information
relating to the other registrant.



Item 5. Other Events and Regulation FD Disclosure

On  June  30,  2004,  the Kentucky Public Service Commission  (the  "KPSC")
issued  an order approving increases in the base electric and gas rates  of
Louisville Gas and Electric Company ("LG&E") and the base electric rates of
Kentucky Utilities Company ("KU").  LG&E and KU had filed applications  for
such  increases  in December 2003.  The KPSC's order largely  accepted  the
proposed settlement agreements filed in May 2004 by LG&E, KU and a majority
of the parties to the rate case proceedings.

In  the  KPSC order, (a) LG&E was granted increases in annual base electric
rates of approximately $43.4 (7.7 percent) and in annual base gas rates  of
approximately  $11.9  million (3.4 percent)  and  (b)  KU  was  granted  an
increase in annual base electric rates of approximately $46.1 million  (6.8
percent).  The rate increases will take effect on July 1, 2004.

A press release regarding this matter is attached as Exhibit 99.01 hereto
and is incorporated herein by reference.

Statements  made  in this report that state the companies' or  management's
intentions,  expectations or predictions of the future are  forward-looking
statements.   The  companies' actual results could differ  materially  from
those  projected  in the forward-looking statements, and there  can  be  no
assurance  that  estimates  of  future  results  will  be  achieved.    The
companies'  SEC  filings contain additional information concerning  factors
that  could  cause actual results to differ materially from  those  in  the
forward-looking statements.


Item 7.  Final Statements and Exhibits

(a)  None

(b)  None.

(c)  Exhibits

     99.01     LG&E Energy LLC Press Release dated June 30, 2004


                                SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   Louisville Gas and Electric Company

Dated:   June 30, 2004             By: /s/ S. Bradford Rives
                                       S. Bradford Rives
                                       Chief Financial Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   Kentucky Utilities Company

Dated:   June 30, 2004             By: /s/ S. Bradford Rives
                                       S. Bradford Rives
                                       Chief Financial Officer

EX-99

Press Release
                                                 220 West Main Street
                                                 Louisville, KY 40232


Media Contact: Chip Keeling
24-Hour Media Hotline: 502.627.4999
Toll-free:888.627.4999

      KPSC Accepts Settlement Agreements Reached by Parties
                  in the LG&E and KU Rate Cases

(LOUISVILLE, Ky. - June 30, 2004) The Kentucky Public Service
Commission today accepted the settlement agreements reached by
the majority of the parties in the rate cases for Louisville Gas
and Electric Company and Kentucky Utilities Company including the
increase to the electric revenue requirement.  Under the ruling,
LG&E's base electric rates will increase $43.4 million (7.7
percent) and base gas rates will increase $11.9 million (3.4
percent).  Base electric rates at KU will increase $46.1 million
(6.8 percent).

     LG&E had not increased its base electric rates since 1990
and KU had not increased its rates since 1983.  Nevertheless,
after this increase Kentuckians will continue to have lower rates
than their neighbors in the seven surrounding states and among
the lowest energy rates in the nation.

     "By accepting the settlement agreement reached among the
majority of the parties to the proceedings, the commission has
recognized the importance of allowing us to provide the level of
service and reliability that our customers have come to expect
while preserving some of the lowest rates in the nation," said
Victor Staffieri, LG&E Energy Chairman, CEO and President.

     The new rates become effective July 1. A representative KU
residential electric customer, using 1,000 kwh, will see an
increase of $3 per month. A representative LG&E residential
electric customer, using 1,000 kwh, will see an increase of $6
per month. A representative LG&E residential gas customer, using
90 ccf, will see an increase of $3 per month.

     The increase in rates was caused, in large part, by the need
to meet growing demand. Since LG&E's last base-rate increase in
1990, electric customers have increased by 62,285, or about 20
percent. KU customers have increased 205,510 or about 60 percent
since the last base-rate increase in 1983.

     During the last three years alone, LG&E and KU have spent
$285 million adding new generating capacity. The companies have
invested roughly $18 million per year in their transmission
system.  LG&E also has made $33 million in capital investments in
the last three years to meet the needs of new gas customers
coming onto the system and to replace aging gas mains. Cost
increases have also occurred in administrative and general
expenses - in particular pension, post retirement, health care,
and insurance expenses.  For example, the companies have
encountered an approximately 140 percent increase in property
insurance since the terrorist attacks of September 11, 2001.

       "We are proud that our employees have been able to hold
costs down over the past decade," added Staffieri.  "But despite
their best efforts, there comes a time when additional resources
are necessary in order for us to meet the increased needs of our
customers."

     LG&E Energy LLC, headquartered in Louisville, Ky., is a
diversified energy services company. LG&E Energy owns and
operates Louisville Gas and Electric Company, a regulated utility
that serves 312,000 natural gas and 384,000 electric customers in
Louisville and 16 surrounding counties, and Kentucky Utilities
Company, a regulated electric utility in Lexington, Ky., that
serves 512,000 customers in 77 Kentucky counties and five
counties in Virginia.

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