LG&E upgrade provides new tool to defend against EPA onslaught

Louisville Gas and Electric has recently shown another way how the states can battle the ever-encroaching edicts of the Environmental Protection Agency. We recently wrote how the Bluegrass Institute-sponsored Intrastate Coal and Use Act and the Electricity Freedom Act will prove to be much-needed tools in defending state sovereignty of our energy sector. LG&E provided another one last…

Surprise, surprise: KRS does not take costs of new hires into account

If the $34 billion price tag on Kentucky’s public pension crisis weren’t enough for our elected officials to strap on their boots and get to work on some real reform, perhaps the recent news that Kentucky Retirement Sytems’ placement agents pay little to no regard for the price tag on new investment consultants will get…

Yes Kentucky, the war on coal is real

Despite the American Legislative Exchange Council passing the Bluegrass Institute-sponsored Intrastate Coal and Use Act, there are still some who believe the current administration’s stubborn quest to rid Kentucky coal of its economic vitality is a war in rhetoric only. Even some from great free market organizations like the Cato Institute – headquartered in Washington,…

Actuaries confirm what BIPPS predicted: Pension systems ‘simply unsustainable’

The Courier-Journal reports that most of Kentucky’s public pension funds continue to decline, and are — as the Bluegrass Institute has already reported — simply unsustainable in their current forms. According to actuaries, pension benefits for members of the Kentucky Employees Retirement System’s non-hazardous retirement plan are only 27.3 percent funded this year, compared with…

Kentucky Energy Equation Quote of the Day

“If the market determines the decline of coal, then so be it. But no viable, dynamic industry that employs thousands and keeps energy rates affordable should also have to compete against zealots masquerading as our protectorate-regulators from Washington. “This is great timing for this type of approach. With the reelection of this administration that never…