Tuesday, May 21 2013 2:25 PM EDT2013-05-21 18:25:44 GMT
Directors were re-elected and shareholder measures on executive pay and corporate governance failed, while demonstrators outside protested labor practices, Mon Power's purchase of Harrison plant.
Directors were re-elected and shareholder measures on executive pay and corporate governance failed, while demonstrators outside protested labor practices, Mon Power's purchase of Harrison plant.
Monday, May 20 2013 12:48 PM EDT2013-05-20 16:48:08 GMT
Following May 17 rebuttal testimony and a coming hearing on Mon Power's bid to buy Harrison power station, the PSC will decide if a billion-dollar coal plant is the best answer to future power demand.
Following May 17 rebuttal testimony and a coming hearing on Mon Power's bid to buy Harrison power station, the PSC will decide if a billion-dollar coal plant is the best answer to future power demand.
Monday, May 20 2013 11:36 AM EDT2013-05-20 15:36:01 GMT
A new report from the American Chemistry Council says expansion in shale gas plays are driving investments in chemical manufacturing to the tune of bout $71.7 billion in investments, including in West
A new report from the American Chemistry Council says expansion in shale gas plays are driving investments in chemical manufacturing to the tune of bout $71.7 billion in investments, including in West Virginia.
Monday, May 20 2013 9:56 AM EDT2013-05-20 13:56:57 GMT
Remember the Miners, a West Virginia campaign dedicated to honoring fallen coal miners and the sacrifices miners make for U.S. energy, is kicking off the Coal Club. The Coal Club proceeds will be used to fund the Remember
Remember the Miners, a West Virginia campaign dedicated to honoring fallen coal miners and the sacrifices miners make for U.S. energy, is kicking off the Coal Club.
Appalachian Power Co. filed with the Public Service Commission of West Virginia Dec. 18 seeking approval to purchase portions of the Amos and Mitchell coal-fired power plants from Ohio Power Co.
The purpose of the proposed generation transfer, Appalachian Power said, is to meet the demand of its ratepayers when parent company AEP's existing power pool — in which subsidiaries buy and sell power among themselves — is dissolved in January 2014.
In the proposal, Appalachian Power would buy Ohio Power's interest in unit 3 at the John Amos power plant in Putnam County and half of Mitchell, in Ohio near Moundsville, for a total increase in generation capacity of 1,647 megawatts.
Kentucky Power Co. would purchase the other half of Mitchell from Ohio Power. As part of the plan, Kentucky Power would shut down one unit of the Big Sandy Power plant at Louisa, Ky., near Huntington.
A similar plan filed recently with the commission by FirstEnergy would transfer coal-fired assets from an Ohio subsidiary to Mon Power.
AEP's and FirstEnergy's Ohio subsidiaries are undergoing electricity market deregulation; critics of these proposals note that transfer of coal-fired assets subject to increasing environmental regulation to West Virginia's regulated market would shield them from competition with cheaper natural gas-fired generation and would guarantee the utilities a return on their investments at the expense of ratepayers.
AEP seeks a decision in the complex filing in June 2013.
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