Cost of new coal plant too high, environmentalists say

Lexington Herald-LeaderApril 10, 2009 

The half-million customers served by East Kentucky Power Cooperative will face unnecessary rate increases if the utility moves forward with plans for a new coal-fired power plant in Clark County, environmentalists warned this week.

Activists have long criticized East Kentucky Power Cooperative for the impact of its coal-fired power plants, but now a coalition of Kentucky environmental groups is shifting its focus to the company's finances.

Abandoning the project would save East Kentucky Power, which has received state approval to raise customers' bills each of the past three years, around $500 million in long-term debt, according to a study authored for the coalition by Tom Sanzillo, who works for a New York-based public policy and financial consulting firm. .

Read the full story at

McClatchy Washington Bureau is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service