Opinion Editorial by Josh Bills, Commercial Energy Specialist at the Mountain Association
A Chinese cryptomining company is proposing to build a $250 million plant near the town of Louisa in Eastern Kentucky. At the same time, another cryptomining firm is proposing a plant near Waverly, Kentucky. Kentucky Power and Kentucky Utilities (KU) propose to give them special rates on their electric bills – deals that the Kentucky Public Service Commission (PSC) is currently investigating for potential negative impacts on other Kentucky Power and KU customers.