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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM U-9C-3

QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
For the Quarterly Period Ended June 30, 2005

E.ON AG
E.ON US Holding GmbH
E.ON US Investments Corp.
LG&E Energy LLC


(Name of Registered Holding Company)

E.ON AG
E.ON-Platz 1
40479 Dusseldorf
Germany
(Address of Principal Executive Offices)

Inquiries concerning this Form U-9C-3 may be directed to:

Dr. Rainer Liesen
General Legal Affairs
E.ON AG
E.ON-Platz 1
40479 Dusseldorf
Germany
49 (211) 4579 603



E.ON AG


FORM U-9C-3
For the Quarter Ended June 30, 2005


Table of Contents

Item 1.— ORGANIZATION CHART   1
Item 2.— ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS  
4
Item 3.— ASSOCIATE TRANSACTIONS   5
Item 4.— SUMMARY OF AGGREGATE INVESTMENT   9
Item 5.— OTHER INVESTMENTS   11
Item 6.— FINANCIAL STATEMENTS AND EXHIBITS   11

i


This report covers the quarter ended June 30, 2005.

Item 1.—ORGANIZATION CHART

Name of Reporting Company

  Energy or
Gas-related
Company

  Date of
Organization

  State/Country of
Organization

  Percentage of
Voting
Securities Held

  Nature of Business

E.ON AG   (a)   6/16/00   Germany   n/a   Holding Company

E.ON US Holding GmbH

 

(a)

 

            

 

Germany

 

100%

 

Intermediate Holding
Company; subsidiary of E.ON AG

E.ON US Investments Corp.

 

(a)

 

12/2/00

 

Delaware

 

100%

 

Intermediate Holding Company; subsidiary of E.ON US Holding GmbH

1.LG&E Energy LLC+

 

(a)

 

12/    /03

 

Kentucky

 

100%

 

Intermediate Holding Company; subsidiary of E.ON US Investments Corp.

1.1 LG&E Energy Marketing Inc.

 

Energy

 

4/18/84

 

Oklahoma

 

100%

 

Power Marketing

1.1.1 Woodlands Technology, LLC

 

*

 

            

 

Texas

 

15%

 

Inactive

1.2 LG&E Capital Corp.

 

(a)

 

4/26/91

 

Kentucky

 

100%

 

Non-Utility Holding Company

1.2.1 LG&E Home Services Inc.

 

Energy

 

1/22/96

 

Kentucky

 

100%

 

Appliance Repair and
Warranty

1.2.2 Airborne Pollution
Control Inc.

 

Energy

 

12/10/98

 

Alberta, Canada

 

4.9%

 

Pollution and Waste Control
Technology

1.2.3 FSF Minerals Inc.

 

Energy

 

12/28/98

 

Kentucky

 

100%

 

Owner of Coal Reserves

1.2.4 LG&E International Inc.

 

Energy

 

11/8/93

 

Delaware

 

100%

 

Management and Holding
Company

1.2.4.1 LG&E Power Services LLC

 

Energy

 

6/29/01

 

Delaware

 

100%

 

Power facilities management
and operations

1.2.5 WKE Corp.

 

(a)

 

5/1/98

 

Kentucky

 

100%

 

Investment Holding Company

1.2.5.1 LCC LLC

 

Energy

 

3/2/99

 

Kentucky

 

100%

 

Owns Options on Mineral Rights

1.2.5.2 FCD LLC

 

Energy

 

2/17/00

 

Kentucky

 

100%

 

Owns Options and Actual Riparian Rights

1.2.6 LG&E Power Inc.

 

(a)

 

5/7/80

 

Delaware

 

100%

 

Holding Company for
Non-Utility Investments

1.2.6.1 LG&E Power Operations Inc.

 

Energy

 

6/8/82

 

California

 

100%

 

Power Project Ownership,
Management & Development

1.2.6.1.1 LG&E Power 5 Incorporated

 

*

 

3/31/83

 

California

 

100%

 

Inactive

1.2.6.1.2 LG&E Power 16 Incorporated

 

(a)

 

8/3/99

 

California

 

100%

 

Indirect Owner of Generation Facilities

1.2.6.1.3 LG&E Power Roanoke Incorporated

 

(a)

 

8/3/89

 

California

 

100%

 

Indirect Owner of Generation
Facilities

1.2.6.1.3.1 LG&E Roanoke
Valley LP

 

(a)

 

3/14/90

 

California

 

1%gp1
99%lp2

 

Indirect Owner of Generation
Facilities

1.2.6.1.4 Westmoreland-LG&E Partners

 

Energy

 

            

 

Virginia

 

            

 

Owner of interest in QF

1.2.6.2 American Power Incorporated

 

*

 

4/9/87

 

California

 

100%

 

Former Investor in EWG

1.2.6.3 LG&E Power Development Inc.

 

Energy

 

12/12/84

 

California

 

100%

 

Development of QFs and EWGs
                     

1



1.2.6.4 LG&E Power
Gregory I Inc.

 

*

 

3/30/78

 

New Mexico

 

100%

 

Inactive

1.2.6.5 LG&E Power
Gregory II Inc.

 

*

 

5/18/98

 

Delaware

 

100%

 

Inactive

1.2.7 KU Solutions Corporation

 

Energy

 

11/21/95

 

Kentucky

 

100%

 

Energy Marketing and Services

+
LG&E Energy Corp. was merged into LG&E Energy LLC on December 30, 2003. Numerical designations show degree of remoteness from LG&E Energy LLC.
(a)
Directly or indirectly holds securities in energy-related companies
*
Inactive
gp
general partnership interest
lp
limited partnership interest
1
directly held by LG&E Power 16 Incorporated
2
directly held by LG&E Power Roanoke Incorporated

2



Narrative Description of Activities of Each
Reporting Company during the Reporting Period

        LG&E Energy Marketing Inc. conducts asset-based energy marketing and trading activities, including brokering and marketing of electric power and natural gas.

        LG&E Capital Corp., directly and through it subsidiaries and affiliates, including WKE Corp., LG&E Power Inc., LG&E Power Operations Inc. and other subsidiaries, is a holding company for non-utility domestic energy and energy-related operations, investments, activities and services.

        LG&E Home Services Inc. formerly provided energy-related financing, appliance repair, consumer lighting and other services to customers.

        WKE Corp. and its subsidiaries lease and operate power generation facilities in western Kentucky and associated facilities, including coal or fuel related assets.

        LG&E Power Inc. conducts non-utility domestic energy operations and activities through its subsidiaries and affiliates. These interests or operations relate to domestic power generation facilities in North Carolina (the Power Roanoke entities), all of which are EWG's, QF's or both.

        LG&E International Inc. owns interests in FUCOs in Argentina. A subsidiary, LG&E Power Services LLC, provides operation and maintenance services pursuant to contracts with affiliated and unaffiliated domestic power generation facilities in North Carolina, Texas and Virginia.

3


Item 2.—ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS

Company
Issuing Security

  Type of
Security
Issued

  Principal
Amount
of Security*

  Issue or
Renewal

  Cost of
Capital

  Person to
Whom Security
was Issued

  Collateral
Given
with Security

  Consideration
Received for
Each Security

LG&E Capital Corp.   Money pool loan   $70,690,342*         Money pool   N/A  
LG&E Energy Marketing Inc.   Money pool loan   ($3,062,437)*       Money pool   N/A  

* Reflects net change in intercompany loans during the reporting period. (Parenthesis denote reduction.)

With respect to transactions with an associate company:

Company Contributing Capital
  Company Receiving Capital
  Amount of
Capital
Contribution

NONE        

4


Item 3.—ASSOCIATE TRANSACTIONS

        NOTE: Charts reflect the net intercompany balance sheet flows between the entities with respect to the period. In some cases, this includes amounts not related to applicable services provided or received by the entities involved. Among other items, "miscellaneous services" also includes quarterly intercompany clearance of tax settlements made among the entities.

Part I.—Transactions Performed by Reporting Companies on behalf of Associate Companies.

Reporting Company
Rendering Services

  Associate Company
Receiving Services

  Types of Services
Rendered

  Direct Costs
Charged

  Indirect Costs
Charged

  Cost of
Capital

  Total
Amount
Billed

Home Services   LG&E Capital Corp.   Miscellaneous Services   $ 1,706           $ 1,706
Home Services   LG&E Utility   Miscellaneous Services   $ 2,345           $ 2,345
Home Services   Services Company   Miscellaneous Services   $ 225           $ 225
Home Services   LEL   Miscellaneous Services   $ 5,359           $ 5,359
FSF Minerals Inc.   WKEC   Miscellaneous Services   $ 4,585           $ 4,585
FSF Minerals Inc.   LEL   Miscellaneous Services   $ 22,920           $ 22,920
KU Solutions   LG&E Capital Corp.   Miscellaneous Services   $ 65,000           $ 65,000
KU Solutions   LEL   Miscellaneous Services   $ 1,911           $ 1,911
LCC LLC   LEL   Miscellaneous Services   $ 437           $ 437
FCD LLC   LG&E Capital Corp.   Miscellaneous Services   $ 37,087           $ 37,087
LG&E Energy Marketing Inc.   LG&E Capital Corp.   Miscellaneous Services   $ 261,646           $ 261,646
LG&E Energy Marketing Inc.   LEL   Miscellaneous Services   $ 830           $ 830
LG&E Power Inc.   LG&E Power Development Inc.   Convenience Payments   $ 283           $ 283
LG&E Power Inc.   LG&E Power Services LLC   Miscellaneous Services   $ 459,809           $ 459,809
LG&E Power Inc.   LG&E Power Operations Inc.   Labor Related   $ 5,483           $ 5,483
LG&E Power Inc.   LG&E Power Operations Inc.   Convenience Payments   $ 16,399           $ 16,399
LG&E Power Inc.   LG&E Power Argentina I Inc.   Miscellaneous Services   $ 658           $ 658
LG&E Power Services LLC   LG&E Power Inc.   Convenience Payments   $ 2,746           $ 2,746
LG&E Power Services LLC   LG&E Power Operations Inc.   Labor Related   $ 3,947           $ 3,947
LG&E Power Services LLC   LG&E Power Operations Inc.   Convenience Payments   $ 4,307           $ 4,307
LG&E Power Operations Inc.   LG&E Power Inc.   Miscellaneous Services   $ 302,878           $ 302,878
LG&E Power Operations Inc.   LG&E Power Services LLC   Miscellaneous Services   $ 54           $ 54
LG&E Power Operations Inc.   LG&E Power 16 Inc.   Miscellaneous Services   $ 4,480,406           $ 4,480,406
                             

5


LG&E Power Operations Inc.   LG&E Power 5 Inc.   Convenience Payments   $ 800           $ 800
LG&E Power Operations Inc.   LG&E Power Roanoke Inc.   Convenience Payments   $ 800           $ 800
LG&E Power Operations Inc.   LG&E Power 31 Inc.   Miscellaneous Services   $ 936           $ 936
LG&E Power Operations Inc.   LG&E Power 31 Inc.   Convenience Payments   $ 800           $ 800
LG&E Power Operations Inc.   LG&E Power 31 Wind Inc.   Miscellaneous Services   $ 32,307           $ 32,307
LG&E Power Operations Inc.   LG&E Power Gregory I Inc.   Convenience Payments   $ 995           $ 995
LG&E Power Operations Inc.   Llano Gathering Inc.   Convenience Payments   $ 7,305           $ 7,305
LG&E Power Gregory I Inc.   LG&E Power Inc.   Miscellaneous Services   $ 3,409,812           $ 3,409,812

6


Part II—Transactions Performed by Associate Companies on behalf of Reporting Companies.

Associate Company
Rendering Services

  Reporting Company
Receiving Services

  Types of Services
Rendered

  Direct Costs
Charged

  Indirect Costs
Charged

  Cost of
Capital

  Total Amount
Billed

LG&E Capital Corp.   Home Services   Miscellaneous Services   $ 219,409             $ 219,409

LG&E Capital Corp.   FSF Minerals Inc.   Miscellaneous Services   $ 27,754             $ 27,754

LG&E Capital Corp.   KU Solutions   Miscellaneous Services   $ 76,247             $ 76,247

LG&E Capital Corp.   LCC LLC   Miscellaneous Services   $ 2,624             $ 2,624

LG&E Capital Corp.   FCD LLC   Miscellaneous Services   $ 3,787             $ 3,787

LEL   Home Services   Miscellaneous Services   $ 584             $ 584

LEL   FSF Minerals Inc.   Miscellaneous Services   $ 834             $ 834

LEL   KU Solutions   Miscellaneous Services   $ 589             $ 589

LEL   FCD LLC   Miscellaneous Services   $ 13,457             $ 13,457

LEL   LEM   Miscellaneous Services   $ 2,716             $ 2,716

Kentucky Utilities   KU Solutions   Labor Related   $ 50,410             $ 50,410

Kentucky Utilities   KU Solutions   Convenience Payments   $ 84,248             $ 84,248

LG&E Utility   Home Services   Miscellaneous Services   $ 27             $ 27

Services Company   Home Services   Miscellaneous Services   $ 221,435             $ 221,435

Services Company   FSF Minerals Inc.   Miscellaneous Services   $ 478             $ 478

Services Company   FCD LLC   Miscellaneous Services   $ 1,036             $ 1,036

Services Company   LG&E Power Inc.   Miscellaneous Services   $ 512,022   $ 21,117       $ 533,139

Services Company   LEM   Miscellaneous Services   $ 2,277,077   $ 528,562       $ 2,805,639

Services Company   KU Solutions   Miscellaneous Services   $ 1,185             $ 1,185

WKEC   FCD LLC   Miscellaneous Services   $ 29,086             $ 29,086

LG&E Power Operations Inc.   LG&E Gregory I Inc.   Convenience Payments   $ 995             $ 995

LG&E Power Inc.   LG&E Power Operations Inc.   Convenience Payments   $ 16,399             $ 16,399

LG&E Power Inc.   LG&E Power Operations Inc.   Labor Related   $ 5,483             $ 5,483

LG&E Power Inc.   LG&E Power Services LLC   Miscellaneous Services   $ 459,809             $ 459,809

                               

7


LG&E Power Gregory I Inc.   LG&E Power Inc.   Miscellaneous Services   $ 3,049,812             $ 3,049,812

LG&E Power Operations Inc.   LG&E Power Services LLC   Miscellaneous Services   $ 54             $ 54

LG&E Power Operations Inc.   LG&E Power Inc.   Miscellaneous Services   $ 302,878             $ 302,878

LG&E Power Services LLC   LG&E Power Inc.   Convenience Payments   $ 2,746             $ 2,746

LG&E Power Services LLC   LG&E Power Operations Inc.   Labor Related   $ 3,947             $ 3,947

LG&E Power Services LLC   LG&E Power Operations Inc.   Convenience Payments   $ 4,307             $ 4,307

LG&E Power Gregory II Inc.   LG&E Power Inc.   Miscellaneous Services   $ 719,659             $ 719,659

LG&E Power Spain Inc.   LG&E Power Inc.   Miscellaneous Services   $ 42,272             $ 42,272

LG&E Power Development Inc.   LG&E Power Operations Inc.   Other Payments   $ 3,709             $ 3,709

LG&E Power 5 Inc.   LG&E Power Operations Inc.   Miscellaneous Services   $ 3,022,988             $ 3,022,988

LG&E Power Roanoke Inc.   LG&E Power Operations Inc.   Miscellaneous Services   $ 2,055,892             $ 2,055,892

Llano Gathering Inc.   LG&E Power Operations Inc.   Miscellaneous Services   $ 7,087             $ 7,087


Company Names:

 

 

 

 
LEL   LG&E Energy LLC    
LG&E Utility   Louisville Gas and Electric Company    
Kentucky Utilities   Kentucky Utilities Company    
WKEC   Western Kentucky Energy Corp.    
Home Services   LG&E Home Services Inc.    
KU Solutions   KU Solutions Corporation    
LEM   LG&E Energy Marketing Inc.    
Services Company   LG&E Energy Services Inc.    

8


Item 4.—SUMMARY OF AGGREGATE INVESTMENT

Investments in energy-related companies:        
Total consolidated capitalization as of June 30, 2005   $71,741,345,000   Line 1
Total capitalization multiplied by 15% (Line 1 multiplied by 0.15)   $10,761,201,750   Line 2
Greater of $50 million or Line 2   $10,761,201,750   Line 3
   
   

Total current aggregate investment*:

 

 

 

 
(categorized by major line of energy-related business)        
Energy-related business Category—Rule 58(b)(1)(i) (1)   $0    
Energy-related business Category—Rule 58(b)(1)(ii) (2)   $0    
Energy-related business Category—Rule 58(b)(1)(iv) (3)   $4,415,236    
Energy-related business Category—Rule 58(b)(1)(v) (4)   $872,488,870    
Energy-related business Category—Rule 58(b)(1)(vii) (5)   $19,976,692    
Energy-related business Category—Rule 58(b)(1)(viii) (6)   $33,046,291    
Energy-related business Category—Rule 58(b)(1)(ix) (7)   $6,701,114    
   
   
Total current aggregate investment   $936,628,203   Line 4
   
   
Difference between the greater of $50 million or 15% of capitalization and the total aggregate investment of the registered holding company system (line 3 less line 4)  
$9,824,573,547
  Line 5
   
   

*
Includes aggregate investment in energy-related companies made prior to March 24, 1997.

(1)
Rule 58(b)(1)(i)—the rendering of energy management services and demand-side management services.

(2)
Rule 58(b)(1)(ii)—the development and commercialization of electrotechnologies related to energy conservation, storage and conversion, energy efficiency, waste treatment, greenhouse gas reduction, and similar innovations.

(3)
Rule 58(b)(1)(iv)—the sale of electric and gas appliances; equipment to promote new technologies, or new applications for existing technologies, that use gas or electricity; and equipment that enables the use of gas or electricity as an alternate fuel; and the installation and servicing thereof.

(4)
Rule 58(b)(1)(v)—the brokering and marketing of energy commodities, including but not limited to electricity, natural or manufactured gas and other combustible fuels.

(5)
Rule 58(b)(1)(vii)—the sale of technical, operational, management, and other similar kinds of services and expertise, developed in the course of utility operations in such areas as power plant and transmission system engineering, development, design and rehabilitation; construction; maintenance and operation; fuel procurement, delivery and management; and environmental licensing, testing and remediation.

(6)
Rule 58(b)(1)(viii)—the development, ownership or operation of "qualifying facilities," as defined under the Public Utility Regulatory Policies Act of 1978, as amended ("PURPA"), and any integrated thermal, steam host, or other necessary facility constructed, developed or acquired primarily to enable the qualifying facility to satisfy the useful thermal output requirements under PURPA.

(7)
Rule 58(b)(1)(ix)—the ownership, operation and servicing of fuel procurement, transportation, handling and storage facilities, scrubbers, and resource recovery and waste water treatment facilities.

9


Investments in gas-related companies:

Total current aggregate investment:      
(categorized by major line of gas-related business)      
Gas-related business Category—Rule 58(b)(2)(i) (1)   $ 0
Gas-related business Category—Rule 58(b)(2)(ii) (2)   $ 0
   
Total current aggregate investment   $ 0
   

(1)
Rule 58(b)(2)(i)—activities permitted under Section 2(a) of the Gas-Related Activities Act of 1990, 104 Stat. 2810.

(2)
Rule 58(b)(2)(ii)—activities specified in Section 2(b) of the Gas-Related Activities Act of 1990, 104 Stat. 2810.

10


Item 5—OTHER INVESTMENTS

Major Line of
Energy-Related
Business

  Other Investment
in Last
U-9C-3 Report

  Other Investment
in This
U-9C-3 Report

  Reason for
Difference in
Other Investment

Gas related businesses   $ 22,324,182   $ 0   Changes in intercompany advances from 3/31/05 amounts. LG&E Minor Facilities, Inc., Llano Gathering Inc and Llano Storage Inc. merged into LG&E Power Inc. during Q2.
International investments (Argentine gas distribution and Spanish generation)   $ 43,167,069   $ 36,420,317   Changes in intercompany advances from 3/31/05 amounts. LG&E Power Spain merged into LG&E International Inc. during Q2.
Consumer credit investments (LG&E Credit Corp.)   $ 297,111   $ 295,801   Changes in intercompany advances from 3/31/05 amounts
Unregulated generation investments   $ 101,522,755   $ 110,418,298   Changes in intercompany advances from 3/31/05 amounts.

Item 6—FINANCIAL STATEMENTS AND EXHIBITS

A. Financial Statements:

Exhibit A   Financial Statements for Reporting Companies.
(Filed confidentially; Confidential treatment requested pursuant to Rule 104(b), 17 CFR 250-104(b))

 

 

FS-1

 

LG&E Home Services Inc.
    FS-2   LG&E Power Inc.
    FS-3   LG&E Energy Marketing Inc.
    FS-4   KU Solutions Corporation
    FS-5   LG&E Power Services LLC
    FS-6   LG&E Power Operations Inc.
    FS-7   FSF Minerals Inc.
    FS-8   LCC LLC
    FS-9   FCD LLC
    FS-10   Westmoreland-LG&E Partners — Rova II

11


B. Exhibits:

Exhibit B-1   Copies of contracts required to be provided by Item 3

 

 

        None

Exhibit B-2

 

Officer's Certification

12



SIGNATURE

        The undersigned registered holding companies have duly caused this quarterly report to be signed on their behalf by the undersigned officers thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935, as amended.

  E.ON AG
E.ON US Holding GmbH
E.ON US Investments Corp.
LG&E Energy LLC

Date: August 26, 2005

E.ON AG

 

By:

/s/  
MICHAEL C. WILHELM      
  Name: Michael C. Wilhelm
  Title: Senior Vice President Accounting

 

By:

/s/  
KARL-HEINZ FELDMANN      
  Name: Karl-Heinz Feldmann
  Title: Senior Vice President Legal Affairs, General Counsel

Exhibit B-2

CERTIFICATE

        I hereby certify that the Form U-9C-3 for E.ON AG for the previous quarter has been provided to the state commissions listed below:

Kentucky Public Service Commission
P.O. Box 615
211 Sower Boulevard
Frankfort, KY 40602

Virginia State Corporation Commission
1300 E. Main Street
Richmond, VA 23219

Date: August 26, 2005 E.ON AG

 

By:

/s/  
MICHAEL C. WILHELM      
  Name: Michael C. Wilhelm
  Title: Senior Vice President Accounting

 

By:

/s/  
KARL-HEINZ FELDMANN      
  Name: Karl-Heinz Feldmann
  Title: Senior Vice President Legal Affairs, General Counsel



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E.ON AG
FORM U-9C-3 For the Quarter Ended June 30, 2005
Table of Contents
Narrative Description of Activities of Each Reporting Company during the Reporting Period
SIGNATURE