| Publisher | Accenture | ||
|---|---|---|---|
| Format | HTML | Date added | 01 Jan 2003 |
| Topics | Strategic Planning, Asset Management | ||
| Downloads | 82 | ||
Louisville Gas & Electric and Kentucky Utilities Energy were successful energy companies dwarfed by aggressive regional competitors. To achieve critical mass and fend off unwanted takeovers, the two companies agreed to a merger. The merger's success rested on completing the integration of the two companies' operations within six months of the board's approval. Charged with a six-month deadline, Accenture used two concurrent work streams to make the transition a reality. The merger integration teams were given the task of identifying and managing such issues as Information Technology and Human Resources, and seeking out opportunities. LG&E Energy Corp. of Louisville is now one of the largest low-cost energy services companies in the nation, and it can now anticipate more than $760 million in gross non-fuel savings over a 10-year period.
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