10:11am

Fri September 16, 2011
Business and the Economy

KU Asks to Build New Plant; May Raise Rates

In the wake of stricter federal environmental regulations, Kentucky Utilities asked the state Public Service Commission on Thursday for permission to spend as much as $800 million to build natural gas-fired power generators to replace older coal-fired units. KU expects to eventually ask for a 4 percent increase in rates to pay for the new units.