LG&E thinks so and they want to give you $50 for it.

If you have an older, working refrigerator or freezer in your basement of garage, chances are you are running up unwanted extra energy charges.  LG&E has a recycling program for those us with an “energy hog” in our garage.  Just follow the link below and register for the program. They will come to your house, pick-up and recycle your old unit and give you $50! Weekday, evening and Saturday appointments are available. Customers can sign in to My Account at http://lge-ku.com to submit a request online or call 1-800-356-5467.