SMITHLAND, Ky. (AP) — Work on a new power generating turbine at the Smithland Lock and Dam is about 40 percent done and is scheduled to start production in the spring of 2015.
The bulb turbine is one of five that American Municipal Power-Ohio is constructing along the Ohio River. The project will generate 72 megawatts of power and create seven to nine permanent operator jobs upon opening.
American Municipal Power-Ohio spokesman Kent Carson told The Paducah Sun (http://bit.ly/17DCIC0 ) that long-term bonds are being used to pay for the $400 million project and those will be repaid through 79 partners purchasing power from the plant. Carson said long-term bonds are being used to construct the plant. The bonds will be repaid through 79 partners' purchasing power from the plant.
Paducah Power System and Princeton Electric Plant Board are two of the partners.
The plant has a life expectancy of 60 to 70 years, with energy generated through river current passing through turbines on the river bottom.
PPS General Manager Dave Clark said that Paducah has a deal to purchase 15 megawatts of power from AMP. He said the purchase will come not only from Smithland, but all of the projects that the company has on the dams, which in total generate about 300 megawatts of power.
"By spreading it out, we get more reliability," Clark said.
PPS figured the purchase of power from AMP in its most recent rate study, thus customers' rates will not change when it starts buying power from AMP. The utility is also a partner in Prairie State, its primary provider, and operates a peaking plant on Schneidman Road. PPS also buys some hydro power from the Southeastern Power Administration and makes market purchases when the price is right, Clark said.
Information from: The Paducah Sun, http://www.paducahsun.com