May 202010

DAQ approved air permit, despite massive financial uncertainty of cooperative

By Elizabeth Crowe and Wallace McMullin

WINCHESTER, Ky. – Late Friday, May 7, groups challenged the Kentucky Division for Air Quality’s approval of the final air pollution permit for a proposed coal-burning power plant in Clark County. The agency issued the permit despite the fact that East Kentucky Power Cooperative faces severe and systemic financial problems, as a recent management audit uncovered.

“EKPC is in the midst of a perilous financial situation. The best move would be for the co-op to stop wasting taxpayers’ and ratepayers’ money by withdrawing the permit and reassessing the options,” said Billy Edwards, a business owner in Clark County and Clark Energy customer. “We can create affordable and reliable forms of energy that do not require an addition $1 billion of unnecessary debt to that will ultimately be paid for through higher electricity bills.” Continue reading »