Ratepayers in 20 eastern Kentucky counties will see slower increases in electrical rates after the Public Service Commission Monday approved a request by Kentucky Power to purchase half interest in a West Virginia power plant while closing its Big Sandy unit at Louisa.
But Lawrence County and the Lawrence County Schools will lose nearly $1 million in property taxes and the region is likely to see more coal-related jobs losses.
Under the conditional agreement, Kentucky Power may now buy half-interest in Ohio Power Company’s Mitchell Power Plant just south of Moundsville, W.Va. Both companies are subsidiaries of American Electric Power.
Read more of this story in the print or digital Glasgow Daily Times. http://glasgowdailytimes.cnhi.newsmemory.com/