Public Service Commission opens investigation into the need for new coal plant, KFTC celebrates another strong step foward in campaign!
Yesterday the Kentucky Public Service Commission (PSC) launched an investigation into East Kentucky Power Cooperative's (EKPCs) request for a new coal-burning power plant in Clark County. The PSC decided to open their investigation after responding to a complaint that KFTC and our allies filed last October.
If built, the Smith plant would cost nearly $1 billion dollars -- which would be passed onto rate-payers who are also owners of the co-ops. We are pleased that the PSC is taking a good, hard look at the need for the Smith plant. Given the large expense and financial burden it would be for rate-payers, and the potential for more affordable, cleaner energy options, a closer examination of the Smith plant is a logical step for the PSC.
The PSC investigation centers around a "Certificate of Public Convenience and Necessity†that EKPC must receive from the Kentucky PSC to build its proposed plant. EKPC applied for and received the certificate for the proposed plant more than three years ago. However, costs, electricity demand, technology and EKPC’s financial stability have since changed significantly, undercutting EKPC’s arguments that it still needs the plant.
The PSC's investigation has the power to stop the proposed Smith plant and help move EKPC in the direction of more affordable and cleaner energy options. As part of its investigation, the PSC will be holding a public hearing. Stay tuned as we learn more and the campaign moves forward. And thanks to all KFTC members who have taken action in this campaign. With great steps forward like this one -- where the PSC listened and responded to us -- it is clear that all our efforts are paying off!
Read some of the great news article by clicking on the links below:
Lexington Herald-Leader story
Courier-Journal article
Associated Press article that was picked up in Business Week
The Public Service Commission's press release
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