General Assembly Approves Energy Bill

By: Associated Press Email
By: Associated Press Email

Lawmakers gave final approval today to an energy bill that would provide hundreds of millions of dollars in incentives for developing alternative fuels.

The measure now goes to Gov. Ernie Fletcher, one of its strongest supporters, to be signed into law.

The initiative is intended to encourage energy companies to build plants that would convert coal, corn and other Kentucky products into clean-burning fuels.

Legislative leaders developed the proposal behind closed doors this summer after executives from St. Louis-based Peabody Energy said they were considering building a $3 billion coal gasification plant in the state.

House Majority Floor Leader Rocky Adkins said the proposal would provide incentives not just for Peabody but for any other qualifying companies.

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