Report: Duke Energy to buy KU, LG&E

The Financial Times is reporting that Duke Energy has bought E.ON's Kentucky Utilities and Louisville Gas & Electric, but an E.ON official Saturday called the report "speculation."

"I can't confirm or deny any speculation or rumors around mergers or acquisitions," said E.ON U.S. spokesman Chip Keeling.

The Financial Times is a British international business newspaper. Duke Energy is based in Charlotte, North Carolina.