USDA Invests More Than $200 Million in Electric Infrastructure Improvements in Five States
Posted on May 26, 2016 in Financing, Project Development, Regulation & Policy | Comments Off on USDA Invests More Than $200 Million in Electric Infrastructure Improvements in Five States
The USDA recently celebrated the 80th anniversary of the Rural Electrification Act and announced funding of more than $200 million to build and upgrade rural electric infrastructure in five states. East Kentucky Power Cooperative, Inc. will receive a $131.8 million loan to acquire the Bluegrass Generating Facility, a natural gas fired power plant.
Sutherland Represents EKPC in Gas Plant Acquisition
Posted on Jan 4, 2016 in Mergers/Acquisitions, Regulation & Policy, Reliability | Comments Off on Sutherland Represents EKPC in Gas Plant Acquisition
Sutherland recently represented East Kentucky Power Cooperative, Inc. (EKPC) in its acquisition of a 594-megawatt natural gas power plant located in Oldham County, Kentucky from Bluegrass Generation Co. LLC. The transaction, approved by the Kentucky Public Service Commission last month, closed on December 29, 2015.
Regulators Give Kentucky G&T Go-Ahead to Purchase Power Plant
Posted on Dec 8, 2015 in Climate Change, Environmental, Innovation/Efficiency, Legislative & Politics, Project Development, Regulation & Policy, Renewable Energy, Technology | Comments Off on Regulators Give Kentucky G&T Go-Ahead to Purchase Power Plant
Kentucky regulators have decided that East Kentucky Power Cooperative, Inc. can purchase a gas-fired plant located in La Grange, Kentucky. The plant includes three natural gas combustion turbines, each with a maximum output of 198 MWs. The units are simple-cycle, meaning that there is no conversion of waste heat into steam to drive a secondary electric generator.
EKPC to Purchase Oldham County Natural Gas Power Plant
Posted on Jul 29, 2015 in Mergers/Acquisitions | Comments Off on EKPC to Purchase Oldham County Natural Gas Power Plant
East Kentucky Power Cooperative (EKPC) plans to purchase a natural gas-fired power plant in Oldham County, Kentucky from Bluegrass Generation Co. LLC. EKPC plans to complete the transaction by the end of the year. Sutherland is representing EKPC in connection with the acquisition. Please click here for additional information.
Kentucky Public Service Commission Approves Methane Project
Posted on Apr 23, 2015 in Environmental, Grid & Infrastructure, Innovation/Efficiency, Land Use, Project Development, Technology | Comments Off on Kentucky Public Service Commission Approves Methane Project
The Kentucky Public Service Commission has recently approved a new methane project at the Glasgow Regional Landfill (Landfill). The project, owned by the East Kentucky Power Cooperative (EKPC), will generate electricity by capturing methane gas escaping from the Landfill. EKPC hopes that the project will be operational by late September or early October. Click here to read...
EKPC Delays Deactivation of Two Coal-Fired Generating Units
Posted on Jan 23, 2015 in Grid & Infrastructure, Reliability | Comments Off on EKPC Delays Deactivation of Two Coal-Fired Generating Units
At the request of PJM Interconnection (PJM), East Kentucky Power Cooperative (EKPC) will postpone deactivation of two coal-fired power units located in Clark County, Kentucky from April 2015 to April 2016. PJM requested such a delay due to electric grid reliability concerns regarding the sufficiency of necessary generating resources without these two units. To read more, please click...
EKPC to Deactivate Coal Plant
Posted on Apr 14, 2014 in Environmental, Regulation & Policy, Renewable Energy | Comments Off on EKPC to Deactivate Coal Plant
East Kentucky Power Cooperative (EKPC), a Kentucky generation and transmission cooperative, has announced its plans to deactivate one of its coal plants over the next year. None of the plant’s four coal-fired units currently meets the requirements imposed by the Environmental Protection Agency’s Mercury and Air Toxics Standards (MATS) rule, and the changes required to bring them into...
EKPC to Purchase Methane for Power Generation
Posted on Apr 14, 2014 in Renewable Energy | Comments Off on EKPC to Purchase Methane for Power Generation
A landfill near Glasgow, Kentucky, is leasing land and selling methane gas to East Kentucky Power Cooperative (EKPC). The coop plans to construct a power generation facility that will use the methane to generate enough energy to power approximately 500 homes. The facility is being developed and constructed with a combination of grants from state and local programs as well as a loan...
Kentucky PSC Approves Environmental Upgrades
Posted on Feb 21, 2014 in Environmental, Rates, Regulation & Policy, Reliability | Comments Off on Kentucky PSC Approves Environmental Upgrades
The Kentucky Public Service Commission (PSC) approved a $15 million project to reduce emissions at a coal-fired generation plant owned by East Kentucky Power Cooperative (EKPC). EKPC will recover the costs of the project via an environmental surcharge paid by the customers of EKPC’s distribution cooperative members. The Kentucky PSC found that the upgrades will provide EKPC with...
Southeastern Coops Amend and Extend Lines of Credit
Posted on Oct 14, 2013 in Financing | Comments Off on Southeastern Coops Amend and Extend Lines of Credit
The National Rural Utilities Cooperative Finance Corporation (CFC) recently arranged transactions for two coops that will amend and extend their lines of credit. Winchester-based East Kentucky Power Cooperative (EKPC) was able to increase its $450 million, five-year syndicated revolving credit facility to $500 million and extend the credit facility’s maturity date to 2018. The...
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