Coal ash pond plan approved by Public Service Commission

By The Associated Press

The Kentucky Public Service Commission has approved compliance plans totaling nearly $1 billion by the state's two largest utility companies to close and cap ponds that store coal ash from power plants.

 

LOUISVILLE, Ky. (AP) — The Kentucky Public Service Commission has approved compliance plans totaling nearly $1 billion by the state's two largest utility companies to close and cap ponds that store coal ash from power plants.

The agency says in a release that the settlement approved Monday reduces the initial electric bill increases for customers of Kentucky Utilities. For those customers, the rate hikes will peak in 2022, three years later than the original proposal. For Louisville Gas & Electric customers, the highest increase is in 2020.

Kentucky Utilities will spend $675 million to meet new federal environmental requirements for coal ash ponds at five sites. LG&E will spend more than $300 million to cap ash ponds at Mill Creek and Trimble County generating stations.

The two utilities combine for about 900,000 customers.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

A Traders Guide to Analysis and Research

An e-book dedicated to helping you improve your analysis by looking at RBOB futures performance. ...

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs