Representatives from East Kentucky Power Cooperative and Big Rivers Electric testified before lawmakers in Frankfort on Thursday, November 5.
The discussion came as a sharp sell-off in tech stocks raised new questions about artificial intelligence and data center growth. The tech-heavy Nasdaq fell nearly 5% Thursday in one of Wall Street’s roughest days of the year.
Utility officials said developers should pay for everything from initial studies to infrastructure upgrades, not everyday residents.
Co-op leaders said that with those costs covered up front, data center contracts could help stabilize local electric rates over time.
Source: WDRB+WAVE
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