Kentucky PSC Approves Environmental Upgrades
Posted on Feb 21, 2014 in Environmental, Rates, Regulation & Policy, Reliability | Comments Off on Kentucky PSC Approves Environmental Upgrades
The Kentucky Public Service Commission (PSC) approved a $15 million project to reduce emissions at a coal-fired generation plant owned by East Kentucky Power Cooperative (EKPC). EKPC will recover the costs of the project via an environmental surcharge paid by the customers of EKPC’s distribution cooperative members. The Kentucky PSC found that the upgrades will provide EKPC with...
Southeastern Coops Amend and Extend Lines of Credit
Posted on Oct 14, 2013 in Financing | Comments Off on Southeastern Coops Amend and Extend Lines of Credit
The National Rural Utilities Cooperative Finance Corporation (CFC) recently arranged transactions for two coops that will amend and extend their lines of credit. Winchester-based East Kentucky Power Cooperative (EKPC) was able to increase its $450 million, five-year syndicated revolving credit facility to $500 million and extend the credit facility’s maturity date to 2018. The...
Kentucky Coop Proposes Innovative Solution to Air Emission Standards
Posted on Jul 18, 2013 in Environmental, Innovation/Efficiency, Regulation & Policy, Technology | Comments Off on Kentucky Coop Proposes Innovative Solution to Air Emission Standards
East Kentucky Power Cooperative (EKPC) plans to install ductwork to tie a scrubber between two coal-fired generation units at the Cooper Station plant. Rather than install separate scrubbers or convert to natural gas, the $15 million tie proposal will provide an affordable alternative that effectively meets new air quality regulations. EKPC plans to have the tie in operation by...
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