PPL Corp. subsidiaries Louisville Gas and Electric Co. and Kentucky Utilities Co. are planning to switch 1,500 MW of ageing coal-fired era that’s anticipated to be retired by 2028. The plan contains including two new combined-cycle pure fuel vegetation, practically 1,000 MW of photo voltaic era, 125 MW of battery storage and greater than a dozen new power effectivity applications.
Along with the announcement, LG&E and KU is in search of approval from the Kentucky Public Service Fee (KPSC) for the alternative era and new power effectivity applications. LG&E and KU’s proposal focuses on assembly clients’ power wants in probably the most dependable, least-cost trend.
“That is about delivering on our mission to supply protected, dependable, inexpensive and sustainable power to our clients,” says Vincent Sorgi, PPL’s president and CEO. “The plan we filed right now is a balanced method that can assist guarantee our skill to reliably serve our clients’ power wants 24/7, whereas on the identical time additional diversifying our era portfolio.”
The proposed alternative technique, if authorized by the KPSC, represents $2.1 billion of whole capital funding in Kentucky. This contains constructing two 621 MW pure fuel combined-cycle models, constructing a 120 MW photo voltaic array, buying one other 120 MW array to be developed by a third-party and developing 125 MW of battery storage. The LG&E and KU plan additionally contains securing energy buy agreements for greater than 600 MW of extra photo voltaic era and including 14 new power effectivity choices to assist cut back electrical energy demand within the state. The proposed power effectivity program, developed in collaboration with neighborhood companions, would cut back LG&E and KU’s general want for future era by practically 200 MW.
Sorgi stated the plan is in step with PPL’s purpose to attain net-zero carbon emissions by 2050. The alternative technique, if authorized, would cut back the carbon depth of LG&E and KU’s era fleet and end in practically a 25% discount in CO2 emissions from present ranges.
LG&E and KU have requested approval from the KPSC by Oct. 1, 2023.