From renewable energy sources to fossil fuel sources, LG&E and KU have proposed the construction of two new natural gas power plants in West Louisville and Mercer County. Unfavorable tariff structures for public services have been a major hindrance to the wider deployment of renewable energy technologies. Unless carefully monitored to promote the development of distributed generation, tariff structures can increase the cost of renewable energy (for example, many renewable resources are located in remote areas that lack fast or cost-effective access to transmission).Public benefit funds for renewable energy are a set of resources that states use to invest in clean energy supply projects. Reports have consistently shown that renewable energy is cheaper than coal, and likely cheaper than natural gas, especially in the long run.
CorVel, a national leader in risk management with more than 20 years of experience in providing pharmacy benefit management services, estimates that the dispensing of topical medications has increased by 56% in the last five years, according to pharmacy data from its business portfolio. This initiative identifies the renewable energy potential of these sites and provides other useful resources for communities, developers, industry, state and local governments or anyone interested in reusing these sites for renewable energy development. The state requires that utility companies submit a projected 15-year resource plan to the Kentucky Public Utilities Commission every three years. When it comes to predicting and preventing property losses due to natural disasters, risk professionals are finding resilience-based technological solutions.
The Potential Risks of Renewable Energy Sources in Richmond, KentuckyThe potential risks associated with renewable energy sources in Richmond, Kentucky must be taken into account when considering their implementation. These risks include environmental impacts such as land use changes, water consumption, and air pollution; economic risks such as cost overruns and market volatility; and social risks such as displacement of communities and disruption of traditional lifestyles.
Additionally, there are technical risks associated with the integration of renewable energy sources into existing infrastructure.