Coal news: American Electric seeking coal supply offers

Source:American Electric Power

Coal news: American Electric seeking coal supply offers

American Electric Power (NYSE: AEP) is seeking offers for the supply of coal to one or more of its generating stations.

AEP is seeking spot delivery proposals for up to 500,000 tons of CAPP coal, FOB barge; up to 500,000 tons of CAPP coal, FOB rail; and up to 4.5 million tons of PRB coal, FOB rail, in 2016. AEP also is seeking spot proposals for up to 2 million tons of CAPP coal, FOB barge, and up to 4.5 million tons of PRB coal, FOB rail, in 2017. AEP is open to alternative pricing structures or other innovative, value-added concepts. Proposals with alternative terms will be accepted. Accepted bids will be at AEP’s discretion.

Proposal packages must be received by AEP no later than 5 p.m., Wednesday, June 24, 2015. Proposals can be submitted by e-mail to coalrfp@aep.com, or by mail to Chuck West, Manager, Fuel Procurement - Coal, American Electric Power Service Corp., One Riverside Plaza, 14th Floor, Columbus, Ohio 43215. Complete details about the Requests for Proposals are available at www.aep.com/go/coaloffers or by calling West at (614) 716-6117, Tina Sefcik at (614) 716-6113 or Denzil Welsh at (614) 716-6116.

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5.3 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 32,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP’s transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP’s utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP’s headquarters are in Columbus, Ohio.

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