PR Newswire·Nov 13, 2026, 5:55 PM ET

Kentucky Power Files Plans to Deliver Customer Savings and Advance Kentucky's Economic Future

Kentucky Power filed plans with the Kentucky Public Service Commission to approve new generation & transmission infrastructure supporting TeraWulf's Muskie Data Campus in Grayson, Kentucky.
The project aims to deliver over $500 million in fixed-cost rate offsets & $100 million in winter bill credits for residential customers over the agreement's life.
TeraWulf's campus is expected to support up to 1 gigawatt of contracted electric demand in phases by 2029.
Kentucky Power seeks approval to construct a 760-MW combined-cycle natural gas facility near its Big Sandy unit in Louisa & a new transmission substation in the EastPark Industrial Park.
TeraWulf will fund $100 million in winter bill credits for residential customers starting in 2029 for the first 10 years of the contract.
The company signed the White House Ratepayer Protection Pledge to ensure growth pays for itself while providing long-term value to existing customers.
TeraWulf agreed to pay estimated financing costs for the new Big Sandy generation facility & all applicable service charges.
Regulatory decisions on the required Certificates of Public Convenience and Necessity could be issued as early as mid-year 2027.
Kentucky Power serves approximately 162,000 customers across 20 eastern Kentucky counties & operates within the American Electric Power system.