EX-5.(B) 4 a2208807zex-5_b.htm EX-5.(B)

Exhibit 5(b)

 

GRAPHIC

 

Dewey & LeBoeuf LLP

 

1301 Avenue of the Americas

 

New York, NY 10019-6092

 

 

 

T

+1 212 259-8000

 

F

+1 212 259-6333

 

April 12, 2012

 

LG&E and KU Energy LLC

220 West Main Street

Louisville, Kentucky 40202

 

Ladies and Gentlemen:

 

We are acting as special counsel to LG&E and KU Energy LLC (the “Company”) with respect to the Registration Statement on Form S-4 (the “Registration Statement”) to be filed by the Company on or about the date hereof with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the “Securities Act”), for the (i) registration of $250,000,000 of the Company’s 4.375% Senior Notes due 2021 (the “Exchange Notes”) in connection with an offer by the Company to issue the Exchange Notes in exchange for an equal principal amount of its 4.375% Senior Notes due 2021, which are currently outstanding, all as described in the Registration Statement, and (ii) qualification under the Trust Indenture Act of 1939, as amended, of the Company’s Indenture dated as of November 1, 2010, as supplemented (the “Indenture”), to The Bank of New York Mellon, as Trustee, under which the Exchange Notes are to be issued.

 

We have reviewed the Indenture and the records of various limited liability company and other actions taken by the Company in connection with the issuance of the Exchange Notes.  As to various questions of fact relevant to the opinions set forth below, we have relied upon certificates and other oral and written assurances of public officials and officers or other employees of the Company, its subsidiaries and its affiliates.  In addition, we have reviewed such other documents and satisfied ourselves as to such other matters as we have deemed appropriate in order to render this opinion.  For purposes of this opinion letter, we have assumed that at the time of issuance and sale of the Exchange Notes, the Registration Statement, as it may be amended, shall have become effective under the Securities Act and such effectiveness shall not have been suspended, and that there shall not have been any change in law or any authorization affecting the legality or validity of the Exchange Notes.

 

Based on the foregoing assumptions and such examination and review, and, to the extent indicated below, in reliance upon the opinion of other counsel hereinafter mentioned, and subject to the limitations and qualifications stated herein and therein, we are of the opinion that the Exchange Notes, when authenticated by the Trustee in accordance with the Indenture and issued and delivered by the Company as contemplated in the Registration Statement, will be legally issued and binding obligations of the Company.

 

Dewey & LeBoeuf LLP is a New York limited liability partnership.

 

NEW YORK  |  LONDON  |  WASHINGTON, DC  |  ABU DHABI  |  ALBANY  |  ALMATY  |  BEIJING  |  BOSTON  |  BRUSSELS

CHICAGO   |   DOHA   |   DUBAI   |    FRANKFURT   |   HONG KONG   |   HOUSTON   |   JOHANNESBURG  (PTY ) LTD.  |  LOS ANGELES

MADRID  |  MILAN  |  MOSCOW  |  PARIS  |  RIYADH AFFILIATED OFFICE  |  ROME  |  SAN FRANCISCO  |  SILICON VALLEY  |  WARSAW

 



 

Our opinion as to the legal and binding nature of the Company’s obligations is subject to laws relating to or affecting generally the enforcement of creditors’ rights, including, without limitation, bankruptcy, insolvency or reorganization laws and general principles of equity and by requirements of reasonableness, good faith and fair dealing.

 

In addition, we express no opinion herein as to any matters of compliance with “blue sky” laws or similar laws relating to the sale or distribution of the Exchange Notes by any underwriters or agents.

 

We are further of the opinion that the information contained in the Registration Statement under “Material U.S. Federal Income Tax Consequences,” insofar as it purports to constitute a summary of the matters discussed therein, constitutes an accurate summary, in all material respects, of the indicated U.S. federal income tax consequences to holders of the Exchange Notes acquired pursuant to the exchange offers contemplated in the Registration Statement, subject to the assumptions, exceptions, limitations and qualifications contained therein.

 

The opinions set forth herein are limited to the facts and law as they exist on the date hereof.  Such opinions are limited to the laws of the State of New York and the Commonwealth of Kentucky and to the federal laws of the United States of America.  Insofar as such opinions are governed by or dependent on the laws of the Commonwealth of Kentucky, we have relied upon, and assumed without investigation the correctness of the legal conclusions set forth in, the opinion of even date herewith addressed to you by Dorothy E. O’Brien, Vice President and Deputy General Counsel, Legal and Environmental Affairs, of the Company.  In rendering her opinion of even date addressed to you, Ms. O’Brien may rely as to matters of New York law addressed herein upon this letter as if it were addressed directly to her.

 

We hereby authorize and consent to the use of this opinion as Exhibit 5(b) to the Registration Statement, and authorize and consent to the reference to our firm in the Registration Statement and in the prospectus constituting a part thereof.  In giving this consent, we do not hereby concede that we come within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the SEC thereunder.

 

Very truly yours,

 

 

 

/s/ Dewey & LeBoeuf LLP

 

 

 

DEWEY & LEBOEUF LLP