Louisville Gas and Electric and Kentucky Utilities plan to seek approval from regulators to build a natural gas-fired power plant and a solar facility to replace retiring coal plants and meet future demand growth.
The utilities want to build the new gas plant at their Green River facility. It will generate about 700 megawatts of power using combined-cycle technology and cost about $700 million. One megawatt powers about 1,000 homes.One megawatt = One million dollars = 1,000 homes = $1,000 a home. Not too bad, for initial capital cost, I'd say.
The solar facility will cost about $25 million and have a capacity of about 10-MW. The utilities said they are looking at several sites for the solar facility.
One megawatt = $2.5 million, or $2,500 per home. Hmmmm... carry the one .... that's - 250% more than natural gas. Watt a waste of money! Good thing the evil utilities will just eat up that cost and take it out of their evil shareholder profits! not
In 2011, the utilities announced they will retire 800 MW of older coal-fired generation at the Cane Run, Green River and Tyrone power plants over the next several years due in part to increased federal environmental regulations.
If approved, LG&E and KU said their overall generation capacity will be 59 percent coal-fired, 40 percent natural gas-fired and 1 percent renewable.
One percent renewable. Why, I bet that's a huge increase over five years ago!