Kentucky Power, TeraWulf Double Data Campus Power Deal to 1 GW

American Electric Power's Kentucky Power unit signed an amended agreement with TeraWulf that would raise contracted electric demand at the Grayson, Ky., data campus to 1 gigawatt from 500 megawatts. The second 500-megawatt phase is now scheduled for 2030, a year later than planned. The deal, pending Kentucky Public Service Commission approval, includes $100 million in winter bill credits for residential customers funded by TeraWulf, starting in 2029. Kentucky Power expects to file for regulatory approvals later this year.