AEP Cuts Amount of Coal-Fired Power Generation It Will Shut
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American Electric Power Co., the largest U.S. coal user, reduced by 13 percent the amount of coal-fired power generation it will shut, saying customers in the state of Kentucky may provide the $940 million it needs to keep one of the plants operating.
The company plans to close electricity plants with about 5,138 megawatts of capacity, Chief Executive Officer Nick Akins said at an investor conference in New York today. The Columbus, Ohio-based company said in June that new U.S. Environmental Protection Agency rules would force it to retire as much as 5,909 megawatts of capacity.