LOUISVILLE, Ky. (AP) — A Kentucky utility accused of overbilling Fort Knox for energy-saving initiatives has agreed to pay the government $7.6 million to settle the case.
Acting U.S. Attorney John E. Kuhn Jr. announced the agreement Monday with Elizabethtown-based Nolin Rural Electric Cooperative.
Prosecutors say Nolin received more than $8 million in payments for energy-saving projects that never should have been authorized. The projects were touted as cost savings but were actually projected to lose more than $15 million in 10 years.
Prosecutors say Nolin also billed Fort Knox for projects never approved.
Nolin President and CEO Mickey Miller says no one at the utility profited from work at Fort Knox.
Former military contractor Gary T. Meredith is accused of orchestrating the cooperative's overbilling. Meredith is set to stand trial late this year.