The subsidiaries of PPL Corp. Louisville Gasoline and Electrical Co. and Kentucky Utilities Co. plans to interchange 1,500 MW of getting older coal-fired technology anticipated to retire by 2028. The plan consists of including two new combined-cycle pure gasoline crops, practically 1,000 MW of photo voltaic technology, 125 MW of battery storage and greater than a dozen new power effectivity applications.
Together with the announcement, LG&E and KU are looking for approval from the Kentucky Public Service Fee (KPSC) for alternative technology and new power effectivity applications. LG&E and KU’s proposal focuses on assembly prospects’ power wants in essentially the most dependable, least costly approach.
“That is about delivering on our mission to supply protected, dependable, inexpensive and sustainable power to our prospects,” mentioned Vincent Sorgi, president and CEO of PPL. “The plan we’re submitting at this time is a balanced method that can assist guarantee our skill to reliably serve our prospects’ power wants 24/7, whereas on the identical time additional diversifying our portfolio technology.”
The proposed alternative technique, if accepted by the KPSC, represents $2.1 billion in whole capital funding in Kentucky. This consists of constructing two 621 MW pure gasoline combined-cycle items, constructing a 120 MW photo voltaic array, buying one other 120 MW array to be developed by a third-party and constructing 125 MW of battery storage. LG&E and KU’s plan additionally consists of securing energy buy agreements for greater than 600 MW of extra photo voltaic technology and including 14 new power choices to assist cut back electrical energy demand in state. The proposed power effectivity program, developed in partnership with group companions, will cut back LG&E and KU’s whole demand for future technology by practically 200 MW.
Sorgi mentioned the plan is in keeping with PPL’s objective of reaching net-zero carbon emissions by 2050. The alternative technique, if accepted, will cut back the carbon depth of LG&E and KU’s technology fleet and end in practically 25% discount of CO2 emissions from the present. stage.
LG&E and KU are looking for approval from KPSC by October 1, 2023.
