<Page>
EXHIBIT 10.76
[LOGO]
LG&E ENERGY CORP.
220 WEST MAIN STREET
P.O. BOX 302030
LOUISVILLE, KENTUCKY 40282
502-627-2000
November 29, 2000
[NAME]
[TITLE]
Dear [NAME]:
On behalf of LG&E Energy Corp., I am pleased to offer you the position of
Senior Vice President, Finance effective upon the closing of the merger
between LG&E Energy Corp. and Powerglen, plc. (the "Effective Date"). In this
capacity, you will report to me and will be responsible for the ____________
functions of the Company.
The terms and conditions of our offer are described below.
I. COMPENSATION
A. Effective January 1, 2001 a base salary of $_____ per year. We
review base salaries annually and would review your base salary
in December 2001; however, your salary will not be reduced.
B. Effective January 1, 2001 an annual Short-Term Incentive award
targeted at $______, ___% of your annual base salary. The
Short-Term Incentive Plan payout is based on LG&E Energy
financial performance and personal performance measures and can
range from 0-150% of the targeted amount.
II. LONG-TERM INCENTIVES
You will be eligible to participate in a new Powergen Long-Term
Incentive Plan. Like the current long-term plan the annual grants
will be comprised of stock options and performance units. Your
annualized Long-Term Incentive Grants have an expected present value
of 60% of your base salary.
<Page>
III. RETENTION BONUS
An initial bonus of $_______ will be paid to you in a lump sum (less
applicable withholdings) on February 1, 2001. A second retention
bonus of $______ will be paid to you on January 2, 2002. A final
retention bonus of $_______ will be paid to you on January 2, 2003.
The second and third retention bonuses will be credited to your
account in the LG&E Energy Corp. Nonqualified Savings Plan on the
Effective Date, with accumulations under the normal provisions of
the plan. In the event of your death prior to the payment date, all
unpaid retention amounts with their corresponding accumulations
shall be immediately paid to your designated beneficiary or estate.
Otherwise, any unearned retention bonuses and corresponding
accumulations will be forfeited if the Company does not employ you
at the time the payments become due.
IV. LG&E ENERGY SUPPLEMENTAL RETIREMENT BENEFIT
You will continue to participate in the LG&E Energy Supplemental
Executive Retirement Plan.
V. RETIREMENT BENEFITS
You will continue to participate in the LG&E Energy Corp. Retirement
Plan and continue to be eligible for post-retirement medical
coverage as provided to retirees at the time of your retirement.
VI. OFFICER BENEFITS
A. A Company full-sized car and related services with tax gross-up
(value up to $35,000.00) through the Company's Executive Motor
Vehicle Program. This Program will provide you a leased, four
door domestic, non-luxury sedan or sport-utility vehicle as
well as full maintenance, insurance, and a cellular phone.
B. Initiation fees and dues at a luncheon club of your choice
subject to club provisions of nondiscrimination.
C. Income tax preparation services provided through a qualified
outside provider.
D. Personal financial planning services of up $4,000, annually.
E. $400,000 of supplemental life insurance (upon meeting insurability
requirements) in addition to the standard life insurance coverage
provided by the Company.
F. Annual executive physical examination.
G. Company paid parking.
H. Five weeks of vacation per year.
<Page>
I. Further participation in the LG&E Energy Non-Qualified Savings
Plan. (401(k) excess contributions and Company match.)
J. Enrollment in the full range of LG&E Energy general employee
benefits.
VII. CHANGE IN CONTROL AGREEMENT
Powergen will provide you a new Change in Control Agreement which
provides for severance benefits of up to 2.99 times annual base pay
and Short-Term Targeted Incentive plus gross-up for excise taxes as
well as accelerated vesting of all Long-Term Incentive Awards in the
event of constructive or a Company initiated termination (except for
Cause, as defined therein) within two years of a post-merger change
in control. In the event of a change in control within the first 24
months following the Effective Date, the severance benefits shall be
limited to one times the Compensation amounts defined in Sections 1(A)
and 1(B). A revised agreement is attached.
VIII. TERMINATION AND SEVERANCE
To avoid any misunderstanding, we believe it is important to specify
that employment with the Company is on an "at will" basis and may be
terminated by either party at any time, with or without cause. The
Company, however, will provide you a cash severance benefit should
it terminate you without Cause, as defined in the Change of Control
agreement described in Section VIII, within two years of the
Effective Date. For purposes of this Section VIII, a reduction in the
compensation in Section I, a reduction in the compensation in
Section II, or if you do not accept a relocation of your employment
in excess of fifty (50) miles shall each be deemed to be a
termination without Cause. The severance benefit payable hereunder
shall be an amount equal to 2.99 times the Compensation amounts
defined in Sections I(A) and I(B), plus an additional 20% of the
amount defined in Section I(A). The benefits, if any, under this
Section VIII shall be offset by benefits paid under Section III.
As noted above, this offer is effective only upon the Effective Date. Finally,
this offer of employment is conditioned upon the execution of the attached
Release. The Release acknowledges the termination of your existing Change in
Control agreement at the Effective Date in exchange for the compensation and
benefits offered herein.
[NAME], I am pleased to present you this offer to continue to be part of the
LG&E Energy executive team. Your impressive record of personal achievement
makes you ideally suited for the role of [TITLE].
<Page>
Please indicate your acceptance of our offer by signing and returning it to
me. This offer is extended until noon on November 30, 2000.
Yours very truly,
Attachment
Accepted By:
- -----------------------------------------
- ----------
Date