AEP / Coal

American Electric Power to idle 10 coal-fired generation units

NEW YORK, NY — “American Electric Power Co. (AEP) plans to idle an estimated 1,925 megawatts of coal-fired generation as part of cost-cutting measures amid a slow recovery in electricity demand, the company said Wednesday.

Columbus, Ohio-based AEP, one of the nation’s largest utilities, will cut staff at 10 generation units, which can produce enough electricity to power about 1.4 million typical homes.

AEP isn’t permanently shutting the plants. Rather, AEP will place the old, less efficient units located in four states in ‘extended start-up status.’ That means for nine months of the year staff will be shifted away from the units. It would take up to four days for them to be brought back online if needed to meet demand. The plants will remain operational during January, July and August when heating and cooling needs drive electricity demand higher.”

— Mark Peters, Dow Jones Newswires

Read the whole story