SOURCE: Industrial Info Resources

Industrial Info Resources

August 22, 2012 06:30 ET

American Electric Power to Shut Down West Virginia Power Plants, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 22, 2012) - Researched by Industrial Information Resources (Sugar Land, Texas) -- American Electric Power (NYSE:AEP) (Columbus, Ohio) plans to shut down three coal-fired power stations by 2016. In 2011, American Electric Power decided to shut down the Kammer, Kanawha and Philip Sporn power stations, which are all located in West Virginia. It was stated that these power plants, which were built in 1950's, did not comply with a series of environmental regulations passed by the U.S. Environmental Protection Agency. American Electric Power did not want to spend the billions of dollars that would have been needed to upgrade or modify the plants to meet environmental regulations.

Other companies featured: General Electric (NYSE:GE)

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