LG&E was originally formed by investors with the intention of providing gas-fired street lighting which had been mandated in order to help prevent crime.
[10] Under its contract with the Kentucky Public Service Commission (PSC), LG&E estimates two out of every three months' of each customer's gas consumption.
This allows the publicly traded company to ensure it hits projected revenue estimates reported quarterly to its stockholders regardless of actual customer consumption.
The subsequent quarter can then begin with several months of estimated reads that allow the company to report achievement of its projected revenue to stockholders.
If the cumulative total of manual reads equals revenue less than projected to stockholders, LG&E is permitted to spread the difference across its customers' accounts.