American Electric Power (NYSE: AEP) received the 2013 Edison Award from the Edison Electric Institute today for completing the construction of the John W. Turk Jr. Power Plant in Arkansas. The Edison Award is one of the power generation industry’s most prestigious honors.
The Turk plant, which went into commercial operations on December 20, 2012, is the only U.S. coal plant to run an advanced ultra-supercritical steam cycle. Due to increasing regulatory pressure on coal-fired power production it could very well be the last. According to AEP, the company’s subsidiary Southwestern Electric Power Company (SWEPCO) committed $1.7 billion (the largest capital investment in Arkansas history) to construct the Turk Plant that now serves as a principal source of baseload electricity for the three-state operating region of Louisiana, Arkansas and Texas.
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