KENTUCKY MUNICIPAL POWER AGENCY
Kentucky Municipal Power Agency is a public agency formed in 2005 by the Paducah Power System and the Princeton Electric Plant Board (collectively, “the Members”) to finance a 7.82% 124MW ownership interest in the Prairie State Energy Campus (“PSEC”). Headquartered in Paducah, Kentucky, KMPA is authorized to coordinate planning, construction and operation of joint electric power supply projects for its members.
KENTUCKY MUNICIPAL POWER AGENCY
Kentucky Municipal Power Agency is a public agency formed in 2005 by the Paducah Power System and the Princeton Electric Plant Board (collectively, “the Members”) to finance a 7.82% 124MW ownership interest in the Prairie State Energy Campus (“PSEC”). Headquartered in Paducah, Kentucky, KMPA is authorized to coordinate planning, construction and operation of joint electric power supply projects for its members.
ABOUT US
KMPA is governed by a 4-person Board, which directs the business and affairs, and is composed of two directors designated by each Member, including one executive officer of each Member.
Under the Power Sales Agreements (PSAs), each Member has agreed to pay for its portion of KMPA’s share of PSEC costs at rates sufficient to enable KMPA to recover all of its incurred costs, regardless of operational status. The PSAs are operating expenses of each Member. Members are subject to a 20% step-up in the event of default by another Member. PSAs coincide with the term of KMPA’s outstanding revenue bonds (2042).
Members’ non-KMPA power sources include:
Paducah:
- 2 MW hydroelectric power from the Southeastern Power Administration (“SEPA”)
- 124 MW combustion turbine natural gas peaking plant
- 15 MW hydroelectric power via a power sales agreement with AMP (2016 – 2017)
Princeton:
- 0.42 MW hydroelectric power from SEPA
- 2.9 MW hydroelectric power via a power sales agreement with AMP (2016 – 2017)
CONTACT INFO
1500 Broadway
Paducah, KY 42001
PH: 270.575.4035
Fax: 270.575.4027
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© 2018 Kentucky Municipal Power Agency, All Rights Reserved.