Kentucky Power lacks energy capacity for cryptomine, PSC says kentucky.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kentucky.com Daily Mail and Mail on Sunday newspapers.
Utility regulators at the Kentucky Public Service Commission denied Kentucky Power’s deal to discount electricity for an international cryptomining company on Monday. The three-member commission found Kentucky Power lacked the necessary power and would likely have increased costs for ratepayers.
Kentucky’s utility regulator has approved more than $4 million in electricity cost discounts over several years for a Bitcoin mining operation being run by Kentucky’s largest coal producer.