Kentucky Power, TeraWulf Finalize Expanded Agreement Providing for $100 Million in Customer Benefits
Kentucky Power, an American Electric Power subsidiary, finalized an amended agreement doubling its contracted electric demand with TeraWulf from 500 MW to 1 GW at the Muskie Data campus in Grayson, Kentucky. TeraWulf would fund $100 million in winter bill credits for Kentucky Power's 163,000 residential customers over the contract's first decade — roughly $25 per month during winter starting 2029 — and cover financing costs of a planned 760-MW combined-cycle plant at Big Sandy.
Key figures
- Deal Value Usd
- $100 million
- Credit period
- first 10 years of contract
- Customers served
- 163000
- Credit start year
- 2029
- Bill credit estimate
- ~$25/month per residential customer in winter
- New generation capacity
- 760 MW combined-cycle at Big Sandy
- Phase2 delivery advanced
- 2030 to 2029
- Contracted demand initial
- 500 MW
- Contracted demand expanded
- 1 GW
AI analysis
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