PPL Corp. subsidiaries Louisville Fuel and Electrical Firm (LG&E) and Kentucky Utilities Firm (KU) have acquired regulatory approval to retire 600 MW of coal era and greater than 50 MW of peaking models by 2027 and to exchange them with cleaner vitality.
In its unanimous choice, the Kentucky Public Service Fee (KPSC) licensed LG&E and KU so as to add 240 MW of company-owned photo voltaic, safe energy buy agreements for almost 650 MW of extra photo voltaic, assemble 125 MW of battery storage, implement greater than a dozen new vitality effectivity applications, and construct one roughly 640 MW combined-cycle pure gasoline plant at its Mill Creek facility.
“We admire the KPSC’s complete overview of our era substitute plan,” says PPL President and Chief Govt Officer Vincent Sorgi. “Whereas the KPSC didn’t approve our complete request, which we consider supplied one of the best and least-cost strategy for our prospects, the choice will guarantee we will proceed to reliably meet our prospects’ future vitality wants, additional diversify our Kentucky era, advance a cleaner vitality combine and assist the state’s continued development and financial improvement.”
PPL says the extent of anticipated funding is materially per the initially proposed era substitute plan, which projected $2.1 billion of funding general, together with $1.6 billion by way of 2026.
