AEP
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Coal
Ohio Nixes Duke Energy Proposal to Guarantee Income from Coal Plants
As it decided in a February case involving American Electric Power (AEP), the Public Utilities Commission of Ohio (PUCO) has denied Duke Energy Ohio’s request to charge ratepayers for power from two aging coal plants owned by the Ohio Valley Electric Corp. (OVEC). In an April 2 order, the state regulator approved the Duke Energy […]
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O&M
Balancing Risk, Reliability, and Safety at Plants Slated for Retirement
When the decision is made to retire a power plant, the work of getting there is just beginning. Maintaining safe and reliable generation requires strong leadership, clear communications, and heightened attention to operations and maintenance, staff morale, and post-shutdown plans. For utilities and other generators facing the challenge of winding down operations at an […]
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Coal
Industry in Turmoil: Coal Plants Shutting Down Around the World
Numerous announcements of plant closures during the past week are painting a grim picture for the future of the coal industry. On March 20, several news outlets reported that American Electric Power (AEP) had sent Worker Adjustment and Retraining Notification Act, or WARN, notices to workers at half a dozen coal-fired plants. Employees at the […]
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Legal & Regulatory
Ohio Regulators Deny AEP’s Coal Plant Cost Recovery Plan
The Public Utilities Commission of Ohio (PUCO) approved an electric security plan (ESP) for AEP Ohio—a unit of American Electric Power—on Feb. 25, but declined to adopt the company’s proposed power purchase agreement (PPA) as it relates to the Ohio Valley Electric Corp. (OVEC). The PPA rider was a point of contention with several groups […]
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Coal
AEP Looks to Sell Merchant Coal Fleet
According to a story first reported by Amanda Levin of TheStreet.com, American Electric Power Co. (AEP) has retained the services of Goldman, Sachs & Co. in an effort to unload its 7,923-MW merchant generation fleet. AEP—headquartered in Columbus, Ohio—is one of the largest electric utilities in the U.S., serving over five million customers in 11 […]
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Coal
AEP Seeks Guarantees to Ensure Economic Viability of Ohio Fleet
American Electric Power’s (AEP’s) Ohio unit has asked the state’s Public Utilities Commission for permission to essentially charge customers for costs to operate nine unregulated coal-fired units, a move the company says will address market volatility and ensure the economic viability of Ohio’s generation. AEP Ohio on Oct. 3 proposed an “expanded” power purchase agreement […]
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Legal & Regulatory
Settlement Requires Changes at Three AEP Coal Plants in W.Va.
American Electric Power (AEP) has agreed to close a coal plant and make changes at two others to resolve alleged Clean Water Act (CWA) violations. According to consent decrees filed in two West Virginia federal district courts, the company on Friday agreed to settle allegations from numerous citizen groups that the coal-fired John E. Amos, Kammer, […]
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Coal
AEP Opts to Retire Tanners Creek 4 in Lieu of Refueling With Natural Gas
American Electric Power (AEP) last week said it would retire the 500-MW coal-fired Unit 4 along with other generating units at its Tanners Creek plant in Lawrenceburg, Ind. AEP subsidiary Indiana Michigan Power had announced its decision to retire Tanners Creek Units 1–3 (495 MW) by mid-2015 in June 2011. A modified settlement reached this […]