American Electric Power (NYSE: AEP) received approval Dec. 13 from the Public Service Commission of West Virginia to transfer AEP's portion of John E. Amos Plant Unit 3 to Appalachian Power.
West Virginia PSC postponed making a decision about merging Wheeling Power with Appalachian Power and transferring 50 percent of Mitchell Plant to Appalachian Power.
"Although the West Virginia Commission recognized the benefits of acquiring Mitchell, they deferred ruling on the Wheeling Power merger and the transfer of the Mitchell generation, as we had requested given the prior ruling of the Virginia Commission. We are confident that we can address the West Virginia Commission's concerns in a way that will allow our Wheeling Power customers to become part of Appalachian Power and all of our West Virginia customers to benefit from the low-cost Mitchell generation. In the meantime, our Wheeling customers will continue to be served through an agreement with AEP Generation Resources whose generation assets will include 50 percent of the Mitchell Plant," Nicholas K. Akins, AEP President and CEO, said.
AEP filed in December 2012 to transfer AEP Ohio's two-thirds of Amos Plant Unit 3 (1,300 MW) and 800 MW of the 1,600-MW generating capacity of Mitchell Plant to Appalachian Power.
Akins also stated that the company expects Federal Energy Regulatory Commission to approve the transfer of Amos Plant Unit 3 to Appalachian Power and percent of Mitchell Plant to Kentucky Power by Jan. 1.
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