Paducah Power System is negotiating to sell its excess capacity from Prairie State Energy Campus to another energy company, which will aid in lowering customer bills.
PPS Finance and Administration Director Dave Carroll said officials hope the two year contract will bring in revenue $750,000 to $1.5 million higher than what it would sell for at auction. Carroll said the contract to sell excess capacity should temporarily lower the power cost adjustment and help customer bills.
“This negotiation is just for a two year period where a company is looking to buy some capacity to satisfy a load requirement. The end solution would be someone looking to own or buy capacity and energy for a long period of time. 10 plus years,” Carroll said.
Paducah Power customers have been paying high electric rates due to its ownership and debt related to the troubled Prairie State. Carroll said negotiations should wrap up within the next week or so.
