PSC gives permission to LG&E and KU to build gas-fired power for prospective data centers [Yahoo! Finance]
PPL Corporation (PPL)
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Source: Yahoo! Finance
Kentucky's utility regulator is granting permission to the state's largest electric utility to build two new natural gas-fired power plants costing billions of dollars to meet a potential surge of power demand from prospective data centers seeking to locate in the state. The Kentucky Public Service Commission in a Tuesday order wrote that Louisville Gas and Electric and Kentucky Utilities (LG&E and KU) demonstrated there is a market for power demand from data centers “in the immediately foreseeable future” large enough to make economic sense to allow for the construction of the gas-fired turbines. The PSC — which is made up of three commissioners appointed by the governor and confirmed by the Kentucky Senate — also wrote in its 171-page order that while there is not “absolute certainty” that power demand from data centers will materialize, the electricity utility showed there is a “reasonable basis” that “economic development load is coming.” Investor-owned LG&E and KU estimate
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PPL
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