PSC
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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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Nuclear
Vogtle’s Escalating Costs Concern Lawmakers, Stakeholders
The Vogtle nuclear expansion’s “ever-escalating” cost is concerning several members of Georgia’s General Assembly, according to a letter sent to partners building the much-delayed project. Twenty lawmakers from both houses of state government—19 Republicans and one Democrat—sent a letter to the board of directors at Georgia Power Co., Oglethorpe Power Co. (OPC), and Municipal Electric […]
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Power
Georgia PSC Signals Support For Continuing Vogtle Expansion
In two actions on August 15, the Georgia Public Service Commission (PSC) signaled its support for the Vogtle nuclear expansion project, provided it can be done economically, Georgia Power must show revised cost and schedule estimates to finish the costly Vogtle nuclear expansion as well as indicate whether it intends to finish the much-delayed construction […]
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Legal & Regulatory
Cost to Complete Vogtle AP1000 Nuclear Units Could Balloon to $20B
Costs to build the two Vogtle AP1000 units under construction in Georgia could range between $18.3 billion and $19.8 billion—and for now, Southern Co. is pinning its hopes to complete the project on approval from the Georgia Public Service Commission (PSC). Southern Co. CEO Tom Fanning told investors in a second-quarter earnings call on August […]
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Coal
Long-Stalled New York Repowering Project Is Revived
Plans to repower NRG Energy’s coal-fired 435-MW Dunkirk power plant near Buffalo, N.Y., to natural gas that have been stalled for years owing to a legal challenge may finally be revived. NRG Energy mothballed the four-unit plant in January 2016. The company had filed to mothball the facility nearly four years earlier, in March 2012, […]
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Legal & Regulatory
Did the D.C. Commission Issue a Stealth Exelon-Pepco Merger Approval?
The District of Columbia Public Service Commission (PSC) on Friday (Feb. 26) rejected a restructured $6.8 billion merger proposal between Exelon and local electric utility Pepco, but offered a counter proposal with conditions that the two companies are likely to approve easily, according to local opponents of the merger. The commission turned down the merger […]