AEP
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T&D
Duke Researchers: Grid Flexibility Key to Accommodate Load Growth
Researchers from Duke University have said that integrating more flexibility into U.S. power grids could help provide the energy needed to power future load growth, particularly the electricity needed to support artificial intelligence and data centers. The group in a Feb. 19 webinar discussed their findings, which are contained in their recent report titled “Rethinking […]
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News and Notes
AEP Abruptly Replaces CEO, Calpine Unveils Leadership Transition
American Electric Power (AEP) and Calpine Corp. separately announced significant leadership reshuffles on Feb. 27, marking new chapters for the power giants. Investor-owned utility AEP, with immediate effectiveness, removed AEP Chair, President, and CEO Julie Sloat, appointing Benjamin G.S. Fowke III, an AEP Board of Directors member and the former chairman and CEO of Xcel Energy, […]
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News
AEP Sells 1.4-GW Unregulated Contracted Renewables Portfolio to Invenergy-Led Consortium
American Electric Power (AEP), one of the nation’s largest power producers, has completed the sale of its 1,365-MW unregulated contracted renewables portfolio to an Invenergy-led consortium. IRG Acquisition Holdings (IRGAH)—a partnership between Invenergy, CDPQ, and funds managed by Blackstone Infrastructure Partners—confirmed the close of the transaction on Aug. 16 for a $1.5 billion enterprise value. […]
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Cybersecurity
Cybersecurity: Power Industry–Led Vendor Software Assurance Inventory Launched
Several major power companies have launched a software assurance database that will serve as a software bill of materials (SBOM) repository for the power industry. Part of a long-sought solution to address a critical supply chain cybersecurity risk, the collaborative effort announced on Feb. 8 seeks to help vendors identify and remediate vulnerabilities in software […]
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Trends
AEP CEO Nick Akins to Step Down, Julie Sloat Tapped as Next Company Head
American Electric Power’s (AEP’s) long-serving chairman, president, and CEO, Nick Akins, will step down as CEO on Jan. 1, 2023, and has already passed the company’s presidency to Julie A. Sloat, AEP executive vice president, and chief financial officer (CFO). Sloat, 53, will become the power generating company’s CEO in January, making her the first […]
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Coal
New Life for Dead and Dying Coal Plants?
As coal plants are retired, power companies must decide what to do with sites. Some old plants have been added to the National Register of Historic Places and repurposed as commercial or office space, while
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News
AEP Will Shed Kentucky Operations in $2.9B Sale
American Electric Power (AEP) is shedding its Kentucky-based assets—including its longstanding regulated utility Kentucky Power and transmission business AEP Kentucky Transco—to better position itself to invest in projects that will support a resilient, cleaner energy system. The Columbus, Ohio, headquartered company on Oct. 26 announced it has entered into an agreement for the sale of […]
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Coal
West Virginia PSC Approves Continued Operation of Three AEP Coal Power Plants Through 2040
The Public Service Commission of West Virginia (PSC) approved Appalachian Power Co. (APCo) and Wheeling Power Co.’s (WPCo’s) request to keep the 2,930-MW Amos, 1,320-MW Mountaineer, and 780-MW Mitchell coal-fired power plants operational until at least 2040. APCo and WPCo are electric power subsidiaries of American Electric Power Co. (AEP), which is one of the […]
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News
Regulators Rattle AEP’s Plans to Operate 4.2-GW of Coal Power Through 2040
The Virginia State Corporation Commission (SCC) on Aug. 23 rattled American Electric Power’s (AEP’s) plans to operate the 2.9-GW John Amos and 1.3-GW Mountaineer coal power plants through 2040 when it partly denied cost recovery for expenses that the West Virginia plants need to comply with the federal Steam Electric Effluent Limitations Guidelines (ELG) rule. The […]
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News
Coal Shipments to Power Sector at Lowest Level in 14 Years
Shipments of coal to U.S. power plants in 2020 fell 22% year-over-year, according to data released May 13 by the U.S. Energy Information Administration (EIA). The agency said the U.S. power sector received 428 million short tons (MMst) of coal last year, the lowest amount since the EIA began publishing shipment data in 2007. The […]
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