Monday, December 5, 2011

Kentucky Power Announces $940 Million Investment

{Louisa, Kentucky}...To meet increasingly stringent federal EPA environmental regulations, Kentucky Power Co., an operating unit of American Electric Power, has announced plans to invest approximately $940 million to construct a "scrubber" system on the plant's 800-megawatt electricity generation unit at its Big Sandy Power Plant near Louisa. The current plan is to retire the plant's older generating unit, rated at 278 megawatts, at the end of 2014. AEP's original plan announced this past summer was to convert the plant from coal to gas power. An application for a Certificate of Public Convenience and Necessity has been filed before the Kentucky Public Service Commission, which must approve the project and investment. If approved, a residential customer using 1,000 kilowatt hours per month would see their bill increase approximately $31 per month.