KENTUCKY POWER CO
Company
36
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13
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10
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Search complete. 36 mentions across 13 episodes found for "KENTUCKY POWER CO".
Oct 17, 2026
JesseHOST
Next up, TeraWulf expands Musk AI data center campus to one gigawatt.
JesseHOST
TeraWulf announced an amended and restated electric service agreement with Kentucky Power growing from five hundred to one megawatt.
JesseHOST
More AI there.
JesseHOST
It's not stopping.
Paul PragerGUEST
We're a co-location company, which means we own the land, we own the energy, we build the building, and we operate the data center.
Paul PragerGUEST
So we have long-term predictable cashflow, and we get quality energy from an investment-grade credit like a utility, Kentucky Power, AEP, and we sell it to a high-quality credit, in this case, our customer in Lake Mariner effectively is Anthropic, in the announced deal Hawesville, Anthropic.
Paul PragerGUEST
But what the investors also need to understand is that we have an investment-grade backstop.
Paul PragerGUEST
In Lake Mariner, it's from Google.
Bill BurtonHOST
Here's the latest from LPM News.
Bill BurtonHOST
Kentucky Power says it intends to build new gas generation in Eastern Kentucky to support a data center project.
Bill BurtonHOST
Curtis Tate has more.
Curtis TateCORRESPONDENT
In a memo Monday, Kentucky Power told the State Public Service Commission it will no longer seek approval to construct a 450 megawatt combustion turbine at its Big Sandy site.
Curtis TateCORRESPONDENT
Instead, the company said it wants the PSC to sign off on a 760 megawatt combined cycle plan in Lawrence County with data center developer TeraWulf paying for the project's construction.
Curtis TateCORRESPONDENT
An executive order from Governor Andy Beshear earlier this year prohibits utilities from passing on data center costs to residential customers.
Curtis TateCORRESPONDENT
Kentucky Power announced an agreement with the developer last week to offset $100 million in residential winter heating bills over the first 10 years.
Curtis TateCORRESPONDENT
The agreement, tied to the Muskie Data campus near Grayson, would save residential customers $25 a month starting in the winter of 2029.
speaker_0HOST
Welcome to Sustainability SoundBytes, presented by E&E Leader.
speaker_0HOST
Kentucky Power TerraWolf deal adds $100 million in bill credits.
speaker_0HOST
An amended Kentucky Power contract doubles TerraWolf's Muskie campus to 1 GW and sends an expected $100 million in winter credits to residential customers.
speaker_0HOST
Kentucky Power and TerraWolf have amended their power contract for the Muskie Data Campus, doubling contracted demand from 500 MW to 1 GW.
speaker_0HOST
The amendment would send an expected $100 million in winter bill credits to the utility's residential customers.
speaker_2SOUNDBITE_SPEAKER
The transaction doubles contracted power capacity at the Muskie Data Campus in eastern Kentucky from 500 megawatts, MW, to 1 gigawatt, GW, and accelerates the target delivery of the second 500 megawatt phase from 2030 to 2029, while the initial 500 megawatt phase remains targeted to begin ramping in 2028.
MattHOST
TerraWolf doubles Muskie to a full gigawatt with Kentucky Power, and the stock goes the other way.
MattHOST
1549 before the announcement, 1365 by October 8th.
MattHOST
The market read the same 8K I did.
Jack PattieHOST
... uh, I think we all need to get a consensus as to what it really is, what it really means, and, um, how can it benefit a community.
Jack PattieHOST
I mean, this, this week we published a story from Kentucky Power and Terra Wolfe reached an agreement.
Jack PattieHOST
It has to be approved by the PSC, but it'll provide electricity for the next 30 years for-
Kevin StinnetGUEST
Yeah
speaker_1HOST
The news itself.
speaker_1HOST
Amended agreements with Kentucky Power, an A&EP company, signed October 1st and announced Monday.
speaker_1HOST
Double Muskie's contracted service from 500 megawatts to 1 gigawatt.
speaker_1HOST
The second 500 moves up from 2030 to 2029, subject to the Kentucky Public Service Commission and the utility's construction schedule.
speaker_1HOST
The first phase still starts ramping in 2028.
speaker_0HOST
And the wires are a real build.
speaker_0HOST
InPower reports Kentucky Power is planning a new 765 kilovolt substation called Venator in Boyd County, about two and a half miles of 765 line and two parallel 345 circuits.
speaker_0HOST
Final routes aren't picked yet.
Anthony PowerHOST
And also the fact that this will pull Phase 2 into 2029 from 2030.
Anthony PowerHOST
Now, an amended Kentucky Power Agreement doubles that contract capacity, with the company still evaluating up to 2 gigawatts over time, subject to further utility planning.
Anthony PowerHOST
And as I've just mentioned, the second 500 megawatts now targets 2029 instead of 2030, and that will need approval and Kentucky Power's construction schedule.
Anthony PowerHOST
The Phase 1 timeline remains unchanged.
Anthony PowerHOST
The first 500 is still on target to begin, ramping in 2028 and remember patrick came on the channel and talked about this you know year after year new contracts new delivery looking at 250 to 500 megawatts per year this is certainly looking at 2028 2029 in terms of 500 megawatts of gross power each year being developed into contracts there Now, there's a dedicated substation.
Anthony PowerHOST
So Kentucky Power is building a 765KV and a 345KV substation tied into the regional transition network to serve the site.
Anthony PowerHOST
So operations at both levels.
Anthony PowerHOST
And I think, Bryce, you picked some on this.
Anthony PowerHOST
They've looked at all the updates this week in terms of that additional 500 megawatts, and, um, also the fact it's been brought forward now to 2029.
Anthony PowerHOST
Um, it also, uh, reiterates, uh, the agreement with the Kentucky Power also includes 100 million in residential bill credits, generation financing costs, and collateral protections, therefore reducing the rate payer exposure.
Anthony PowerHOST
So there's a nice deal in there for, uh, the power company, um, to get this thing, uh, moving in the right direction, something that Paul Prager and the team there have probably been working on for a considerable amount of time, but it's just making sure that that pipeline is a real pipeline and delivering, um, as to their expectations.
Anthony PowerHOST
And $37, um, that's an o- overweight rating, um, and one that, uh, uh, Patrick feels, uh, sure that the, the share price, uh, will get to.
Colin HarperHOST
Securing the next 500 megawatts and moving its planned delivery into 2029 gives us greater flexibility to meet prospective customer deployment needs.
Colin HarperHOST
It also builds on the progress our teams have made with Kentucky Power since we acquired the site.
Colin HarperHOST
Additionally, the company continues to evaluate the campus's potential to support up to 2 gigawatts over time, subject to additional utility planning, infrastructure, and agreements.
Colin HarperHOST
In an X thread last week, Prager also mentioned that they are seeing a lot of interest in Muskie.
Colin HarperHOST
Specifically, they are building out on-site generation battery storage or on-site battery storage for that site to offset some of their load.
Colin HarperHOST
One last thing to note here with regards to TerraWolf and the data center rules that are coming out of Kentucky now.
Colin HarperHOST
So as I mentioned, they still have to get sign-off from the Kentucky Power Service Commission for this site, this expansion.
Colin HarperHOST
Additionally, they are going to have to adhere to new rules that were set forth by Governor Beshear.
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