Kentucky Power Company Resource Assessment & Economic Impact
Kentucky Power Company's resource assessment, generation portfolio, integrated resource planning, energy sources, energy assistance programs, and economic impact initiatives for Eastern Kentucky. Includes details on plants, fuel types, capacity, economic development investments, and assistance programs.
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Kentucky Power Company Resource Assessment & Economic Impact Natural Resources and Energy Interim Joint Committee June 7, 2018 Amy J. Elliott Manager, External Affairs Kentucky Power Company Mobile: 502-395-3061
Generation Portfolio Plant Fuel Type In-Service Date Installed Capacity (MW) 2017 Fuel Cost (cents per kWh) Notes Big Sandy Unit 1 Natural Gas 1963 280 4.1 Converted to natural gas in 2015 Mitchell Coal 1971 780 2.3 Located in Moundsville, West Virginia; Acquired 50% of the total plant in 2014 Rockport Coal 1984 393 2.5 15% share of plant capacity
Integrated Resource Planning Kentucky Power files an Integrated Resource Plan (IRP) with the Public Service Commission triennially. Kentucky Power s next IRP will be filed in December 2019. Planned Retirements Kentucky Power does not currently plan to retire any of its owned generation in the next 5-10 years. Planned Capacity Additions The Company does not currently have plans to add fossil fuel generation. Retirements In accordance with the Commission s finding that doing so was the least cost option for Kentucky Power customers, in 2015 Kentucky Power retired one of its two Big Sandy coal units. The other unit was converted to natural gas and continues to provides energy to customers throughout eastern Kentucky.
Energy Sources 2017 Generation 13% 87% Coal Natural Gas Kentucky Power Coal Burned in 2017 at Mitchell Plant Expectation of Coal burn in 5-10 years 1,553,230 tons Similar Amounts
Energy Assistance Programs Kentucky Power contributes approximately $480,000 annually for low-income energy assistance. That amount is matched with contributions from customers, for a total of nearly $1,000,000 annually. Kentucky Power is working with Community Action Kentucky to revise its Heating Energy Assistance Program to help even more customers. Kentucky Power offers two different types of budget billing to help customers manage their energy bills. There are currently approximately 25,000 customers enrolled in one of the two programs.
Economic Impact Kentucky Power is aggressively pursuing economic development opportunities for Eastern Kentucky through strategic partnerships and investments. Economic Development Investments since 2012 Kentucky Power Economic Advancement Program Kentucky Power Economic Growth Grant Other Investments Total KY Power Investment* $1,000,000 $1,416,000 $1,700,000 $4,116,000 *Of the total $4,116,000 of economic development funding since 2012, approximately $3.4 million was contributed by Kentucky Power. Reports regarding economic development spending have been filed with the Kentucky Public Service Commission, and additional information is available at kentuckypower.com.
Economic Development Successes Braidy Industries Aluminum Rolling Mill & Corporate HQ $1.3 Billion, 550 jobs, $75K avg. wage Groundbreaking took place June 1 http://www.wrightconcrete.com/files/3514/7449/0787/MM-logo.jpg Wright Mix Material Cement based products, custom mixes $8.5 Million, 130 jobs $16/hr avg. wage, 60K sq. ft. facility EnerBlu Energy Solutions Manufacturer $350 Million, 875 jobs $81K avg. wage, 1 Million sq. ft. facility Silver Liner Tanker Truck Manufacturer $12 Million, 300 jobs $50K avg. salary, 60K sq. ft. facility Thoroughbred Aviation MRO for helicopters and airplanes $284,000, 15 jobs $25-30/hr avg. wage
