Hamilton builds $500 million hydroelectric plant

By Tiffany Teasley – bio | email
WILLOW GROVE, KY (FOX19) - Residents in Hamilton will soon see big benefits to their utility bills thanks to the city's construction of the Meldahl Hydroelectric Facility in Bracken County.
"When you say 70 percent of our energy is cheap, renewable and green, not many cities can say that," said Hamilton Mayor Pat Moeller.
The city invested nearly $250 million to build the hydroelectric plant on the Ohio River.
"It will create diversification of our power supply resources," said officials from American Municipal Power at the ground breaking for the project.
The city is partnering with American Municipal Power for the $500 million project that will add 350 MW of renewable energy, it also creates up to 400 construction jobs and 9 permanent positions.
"American municipal power is tapping this incredible Ohio River to produce green, renewable and sustainable energy," said Gov. Steve Beshear (D)KY.
Moeller says for Hamilton residents, the plant ensures stable utility rates in the long-term.
"This will keep them low, and stable, which means that we won't have  large increases like maybe some other utilities have," Moeller said.
"The cost of energy to our members will be in the 3.5 cent range,"said American Municipal Power.
The city expects to get a return on the huge investment because of the 50 to 60 year life of the plant, it will start generating power in spring of 2014.
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