Thursday, June 24, 2010
PSC To Review Coal-Fired Power Plant
KENTUCKY....
Environmentalists say it's too costly and will produce too much pollution. But, Thursday, the state Public Service Commission announced it will review whether East Kentucky Power Cooperative needs to build a controversial coal-fired power plant in Clark County. The PSC will examine whether the proposal is the least-costly option for meeting customer demand and what impact the construction of the Smith plant would have on the co-op's overall finances. There is no time limit on how long the review might take, but a public hearing is expected this year. The PSC's review is another setback for the plant. In April, the co-op itself asked to delay PSC approval that was needed for up to $900 million in financing for the plant. While East Kentucky Power would have obtained the money from banks and other lenders, such action requires the approval of the commission.
# posted by Homer Owens @ 9:33 PM 
