By RONNIE ELLIS
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.
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