PSC OKs Kentucky Power's Green Credits

by Gabe Bullard on August 26, 2008

The Kentucky Power Company will join several other utilities in the Commonwealth in selling green energy credits.

The Kentucky Public Service Commission has approved the company’s request to offer customers 100 kilowatt-hour blocks of green energy for $2 each.

The energy will not go to customers’ homes, and the money goes to a green energy provider.

“In theory what it can do is it can make that energy production more competitive with traditional sources because, if they are receiving these credits in addition to whatever they’re being paid for the energy, they can essentially lower the cost of the energy they’re producing and make it more competitive,” says commission spokesperson Andrew Melnykovych.

LG&E, Kentucky Utilities, Duke Energy and several rural cooperatives currently offer similar programs.

Kentucky Power serves about 175-thousand customers along the eastern edge of the state.

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