The Kentucky Public Service Commission on Monday rejected Kentucky Power’s proposed power supply contract for a planned 250-MW cryptomining operation over concerns it would increase rates for other customers.
The American Electric Power utility subsidiary in October proposed a discount-rate power supply contract with Ebon International, which plans to build a facility in Louisa, Kentucky, next to the utility’s 295-MW, gas-fired Big Sandy power plant, for cryptocurrency mining, and blockchain and data processing.
