Friday, March 21, 2014

House Panel Advances bill to Save Power Plant

A House panel has approved a bill designed to save about 80 jobs at a coal-fired power plant in eastern Kentucky.

But the president of Kentucky Power said if the plant stays open, the company would have to raise power rates by 30 percent.

Democratic Rep. Rocky Adkins of Sandy Hook sponsored the bill that would force the Kentucky Public Service Commission to reconsider its decision to allow Kentucky Power to close the Big Sandy Power Plant in Louisa. Kentucky Power President Greg Pauley told lawmakers it would cost $1 billion to retrofit the power plant - a cost the company would pass on to its customers.

The committee approved the bill Thursday on a 12-2 vote, with five lawmakers voting "pass."