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JPEC Wants to Build New Headquarters
By West Kentucky Star Staff
PADUCAH - Jackson Purchase Energy Corporation has asked a state agency for approval to build a new headquarters.

In a motion filed September 13, the utility outlined their request, saying the existing building built in 1969-70 has had no substantial renovations.

The application says, "Due to the inadequate size, work-flow inefficiencies, substandard design and location of the existing headquarters, it cannot adequately satisfy the current and future needs of applicant and its members."

The application also states that the building was not designed for current technologies and now serves a membership of about 30,000, which is approximately three times more than when the facility was built.

The location of the new building is not known because the application was redacted at the request of JPEC. A separate confidentiality request states that disclosure of the information could harm the utility or the current owners of the future site. It also says knowledge of the project's details could give prospective contractors, others who might be interested in the property or JPEC's competitors an unfair advantage.

The 18- to 24-month construction project would be financed through a bridge loan with a pay-off of no more than two years.

Jackson Purchase said it intends to include the new headquarters in its 2020 Construction Work Plan and borrow from the USDA’s Rural Utilities Service Electric Program with a 35-year term. This loan would then pay off the bridge loan.

The application document says the annual cost to operate and maintain the existing headquarters is approximately $297,626, and the estimated annual cost of the operation of the proposed headquarters after it is placed into service will be $1,311,251.


On the Net:

Link to JPEC Application at psc.ky.gov


Published 08:46 PM, Friday Sep. 20, 2019
Updated 07:52 AM, Sunday Sep. 22, 2019

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