Kentucky Lawmakers Propose Eastern Kentucky Energy Savings Act to Build Natural Gas Plants
State Representatives Patrick Flannery and Derek Lewis are sponsoring House Bill 540 to construct two natural gas plants at the Big Sandy facility in Louisa, Kentucky. The project is a nine-figure construction initiative aimed at job creation and economic development in Northeast Kentucky. The financing will utilize securitization, leveraging equity from the Mitchell Plant in West Virginia. Kentucky Power supports the proposal, citing the need for affordability and cost reduction over time.
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Kentucky lawmakers Patrick Flannery and Derek Lewis are introducing House Bill 540, the Eastern Kentucky Energy Savings Act, to establish two natural gas plants at the Big Sandy facility in Louisa. This nine-figure construction project aims to generate jobs and boost economic development in the region.
The project will be financed through securitization, allowing the use of equity from the Mitchell Plant in West Virginia. Kentucky Power has expressed support for the initiative, highlighting its potential to address affordability concerns and mitigate customer impacts by spreading costs over time.
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