Princeton Electric Plant Board Awarded SAFE Funding

The Princeton Electric Plant Board has been awarded funding from the West Kentucky State Aid Funding for Emergencies (SAFE) fund.
Governor Andy Beshear announced Wednesday morning that another round from the (SAFE) fund of more than $3.3 million in assistance will go to support the City of Mayfield and Fulton County, as well as several eligible utilities, to help with strained fiscal liquidity and costs associated with damages sustained in the December 2021 tornadoes.
The Princeton Electric Plant Board will receive $110,000 in local FEMA match funds and financial assistance for interest due on loans taken to ease strained fiscal liquidity.
The governor also announced Wednesday morning SAFE fund awards include:

  • The City of Mayfield has been approved for more than $2.4 million in assistance for FEMA-ineligible debris removal, hauling expenses and tipping fees.
  • The Marshall County Refuse District will receive $35,000 in financial assistance to support needed repairs to roads damaged by debris removal trucks.
  • The North Marshall Water District has been approved for $400,000 in assistance to help repair damaged underground waterlines that are ineligible for FEMA assistance.
  • Salt River RECC has been awarded nearly $90,000 in funding to cover FEMA ineligible expenses for the replacement of utility poles, lines and equipment, as well as personnel costs associated with the utility’s emergency response following the tornadoes.

Since early May, Governor Beshear has announced millions in Western Kentucky SAFE funding. He recommended the appropriation for the SAFE fund, which was supported by the 2022 General Assembly by passing Senate Bill 150, which the governor signed into law in April.
Governor Beshear said they have not turned down any eligible application that has come. He noted they have granted all of them. He also said he believes there will be more over time.

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