Odaily Planet Daily News According to a press release from the environmental organization Earthjustice, the Kentucky Public Service Commission (PSC) is initiating formal proceedings to investigate two proposed contracts that would reduce electricity rates for new cryptocurrency mining operations in the state. The action was taken in response to comments from supporters such as Kentucky Attorney General Daniel Cameron and the Kentucky Resources Council, who were concerned that discounted electricity prices for energy-intensive cryptocurrency mining could lead to higher electricity bills for state residents. (Yahoo Finance)