According to the IRP, EKPC adheres to a strict formal maintenance planning process to identify major projects needed at its power plants on a five-year basis.
Although it has no power plant retirement EKPC said it continues to work with federal and state stakeholders "to ensure the economic viability of its existing and future resources to meet the challenges and opportunities in complying with current and proposed environmental regulations."
Coverage of full obligations was 1.22x in fiscal 2017, which remains in line with EKPC's five-year historical average of 1.25x and the rating category median of 1.20x.
EKPC is a generation and transmission (G&T) cooperative that supplies power to 16 member-owner distribution systems, who serve predominantly rural territories in 87 counties in central and eastern Kentucky.
All these initiatives are part of an aggressive effort by the management of EKPC to run an operation that promotes environmental responsibility.
Coal is readily and cheaply available in the region, and coal-fired boilers generate 97 percent of EKPC's power output.
The purpose behind EKPC's regional model is to provide data for use in forecasting electricity sales.
These decisions must often be made, as in the case of EKPC, on the basis of judgment.(2)
In addition, Fitch has affirmed EKPC
's implied senior unsecured obligations at 'A-'.
Most of the EKPC
coal will be delivered to its 1,371 megawatt Spurlock generating station near Maysville in Mason County, Kentucky, with a smaller amount earmarked for the Winchester-based generation and transmission co-op's 341-Cooper station near Somerset in Pulaski County, Kentucky.
What may have saved Cooper, at least for the time being, is EKPC
's completion of a $15 million project two years ago that enabled sulfur-dioxide emissions from the plant's Unit 1 to be removed by a scrubber installed on Unit 2.
wants to construct ductwork to tie Cooper Unit 1 into Unit 2's scrubber, which has sufficient capacity to handle the additional emissions.