By a 2-1 vote, the PSC rejected the proposed contract. Chairman David Armstrong and Commissioner Charles Borders, in their majority decision, noted that the PSC cannot approve a power purchase that is not immediately needed and is more expensive than current power sources, but commended Kentucky Power's interest in renewable energy sources.
Articles filed under Impact on Economy from Kentucky
KU and sister company Louisville Gas and Electric Co. plan to purchase wind power from the breezy prairie of northern Illinois to help meet what they expect will be federal requirements to increase their use of renewable energy. Last month, they asked the Kentucky Public Service Commission for permission to add a "renewable resource clause" to customer bills so they can recover the costs of the pricier wind power and transmission.
Wind Energy Corporation, a wind turbine manufacturer based in Elizabethtown, closed its Morgantown manufacturing facility last week, resulting in about 17 lost jobs and several disappointed community members. ...The company located its manufacturing plant in Morgantown in July 2007, promising about 260 new jobs in five years. According to reports, the state lured Wind Energy to Morgantown by offering the company $3.4 million in tax incentives.