Utility looks elsewhere for Energy Authority services
The Jacksonville company serves as the regional branch of a national management corporation that gears itself toward the power utilities industry. If contracted, its function will be to market surplus power to outside companies for Henderson Municipal Power and Light of Henderson, Kentucky.
The decision about whether to sell the power is tied up in a long-running dispute between HMP&L and Big Rivers Electric Corp., about who can use generating capacity at the city power plant that HMP&L has reserved but doesn't always need.
Gary Quick, general manager of Henderson Municipal Power and Light, told the Henderson Gleaner that discussions about the idea are continuing and no decisions have been made.
Related News
Hydro One shares jump 5.7 per cent after U.S. regulators reject $6.7B takeover
TORONTO - Opposition politicians may not like it but investors are applauding the rejection of Hydro One Ltd.'s $6.7-billion takeover of U.S.-based utility Avista Corp.
Shares in the power company controlled by the Ontario government closed at $21.53, up $1.16 or 5.7 per cent, on the Toronto Stock Exchange on Thursday.
On Wednesday, Washington State regulators said they would not allow Ontario's largest utility to buy Avista for fear the provincial government, which owns 47 per cent of Hydro One's shares, might meddle in Avista's operations.
Financial analysts had predicted investors would welcome the news because the deal, announced in July 2017, would…
