Watch for Kentucky Public Service Commission approval filing and timeline; approval would solidify TeraWulf's expanded power capacity and support its data center growth narrative.
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Executive Summary
Kentucky Power and TeraWulf (WULF) finalized an amended agreement doubling contracted electric demand at the Muskie Data campus from 500 MW to 1 GW, with the second 500-MW phase accelerated to 2029. The deal provides $100 million in winter bill credits for residential customers over 10 years, funded by TeraWulf, and requires regulatory approval from the Kentucky Public Service Commission.
Key Financial Metrics
Key Facts
- Contracted electric demand doubled from 500 MW to 1 GW at TeraWulf's Muskie Data campus in Grayson, Kentucky.
- Second 500-MW phase accelerated from 2030 to 2029, subject to Commission approval and construction schedule.
- $100 million in winter bill credits for residential customers over the first 10 years, funded by TeraWulf.
- TeraWulf agreed to pay estimated financing costs for Kentucky Power's planned 760-MW combined-cycle generation facility at Big Sandy.
- Agreement includes collateral requirements and other financial protections for Kentucky Power customers.
- Kentucky Power plans to file the amended contract and seek regulatory approvals later this year.
Financial Impact
$100 million in customer bill credits over 10 years; TeraWulf also pays financing costs for a 760-MW generation facility (amount not disclosed).
Risk Factors
- Regulatory approval by Kentucky Public Service Commission is required and not guaranteed.
- Construction schedule and cost overruns for the 760-MW facility could affect TeraWulf's financing obligations.
- Customer demand for data center capacity may shift, impacting utilization of the expanded 1 GW contract.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302898378 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $11.28 | awaiting T+1 | — | $11.98 (+6.21%) |
Oct 19, 2026 7d ago | SC 13G/A | $12.06 $12.01 | ▼ −0.41% | ▼ −0.75% | $11.98 (−0.66%) |
Oct 5, 2026 21d ago | Press Release | $14.79 $14.97 | ▲ +1.22% | ▲ +0.67% | $11.98 (−19.00%) |
Oct 5, 2026 21d ago | 8-K | $14.79 $14.97 | ▲ +1.22% | ▲ +0.67% | $11.98 (−19.00%) |
Oct 5, 2026 21d ago | Press Release | $14.79 $14.97 | ▲ +1.22% | ▲ +0.67% | $11.98 (−19.00%) |
Sep 25, 2026 4w ago | SC 13G | $15.12 $15.09 | ▼ −0.20% | ▼ −0.01% | $11.98 (−20.77%) |
Sep 16, 2026 5w ago | Insider Cluster | $16.47 $17.01 | ▲ +3.28% | ▲ +3.40% | $11.98 (−27.26%) |
Sep 1, 2026 7w ago | Insider Cluster | $14.82 $16.23 | ▲ +9.51% | ▲ +8.47% | $11.98 (−19.16%) |
Aug 5, 2026 11w ago | 8-K | $18.07 $17.62 | ▼ −2.52% | ▼ −2.36% | $11.98 (−33.70%) |
May 26, 2026 21w ago | 8-K | $25.18 $26.74 | ▲ +6.20% | ▲ +6.18% | $11.98 (−52.42%) |
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