SOURCE: Industrial Info Resources

Industrial Info Resources

March 10, 2015 06:30 ET

AEP Ohio Loses Bid to Potentially Subsidize Ohio Coal Plants, With More at Stake in Ohio and Beyond, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Mar 10, 2015) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Last month, the Public Utilities Commission of Ohio (PUCO) ruled that AEP Ohio (Columbus, Ohio), a subsidiary of American Electric Power (NYSE:AEP) (Columbus), could not pass coal-powered plant cost differentials on to consumers. Although the PUCO approved AEP's overall "Electric Security Plan" for electricity distribution, it rejected a proposal under which AEP would tie customer's bills to uncertain generation costs at two of its three coal-fired Ohio plants.

Within this article: Implications of the ruling, including its effects on major coal-fired plants in Ohio, and problems facing coal-fired power across the U.S.

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