Henderson Commission votes no to HMP&L sale
HENDERSON, Ky. (WFIE) - Henderson City Commissioners have voted not to sell Henderson Municipal Power and Light.
The vote means Big Rivers’ offer will be turned down.
Commissioners cited reasons that include the security of the jobs of current HMP&L employees.
Big Rivers officials say the sale would have been a $25 million gain to the city and $165 million benefit to its customers between now and 2035.
Commissioners say independent evaluations showed different numbers, and would lead to rate increases for customers.
The HMP&L utility commission had previously recommended the city should not go forward with the sale. Tuesday, all commissioners, as well as the mayor, voted to approve the recommendation.
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