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Tag: Ohio

AES Closing Two More Ohio Coal Plants

March 22, 2017
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AES subsidiary Dayton Power & Light (DP&L) confirmed on March 20 that it will close two of its coal-fired plants by 2018 because they have become uneconomic.

The Ohio utility announced its intent to close the two plants in January as part of a settlement over its future reliability planning. The plan had been contested by a variety of parties and environmental groups. DP&L agreed to close the plants and shift its power mix toward more renewable energy. Monday’s announcement makes the move official.

AES purchased the two plants, J.M. Stuart Station and Killen Station, from Duke’s merchant generation arm in 2014. Killen is a single-unit, 618-MW plant in Wrightsville that began operations in 1982. Stuart, a four-unit, 2,318-MW plant in Aberdeen, first came online in 1969. DP&L owns 35% of Stuart and 67% of Killen.

According to local media, the closure may not quite be a done deal. Coal mining firm Murray Energy, which supplies coal to the plants and stands to lose a substantial amount of business if they shut down, is contesting the settlement with the Ohio Public Utilities Commission.…

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AEP to Shed Ohio, Indiana Coal and Gas Plants in Move for Full Regulation

September 20, 2016
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In an effort to become a fully regulated power company, American Electric Power (AEP) has agreed to sell four Midwestern power plants—representing a total of 5.2 GW—to a newly formed joint venture of Blackstone and ArcLight Capital Partners for about $ 2.17 billion. 

AEP will sell:

  • the 1,186-MW natural gas–fired Lawrenceburg Generating Station in Lawrenceburg, Ind.
  • the 840-MW natural gas–fired Waterford Energy Center in Waterford, Ohio
  • the 507-MW natural gas–fired Darby Generating Station in Mount Sterling, Ohio
  • the 2,665-MW coal-fired Gen. James M. Gavin Plant in Cheshire, Ohio

All generating capacity is located in the region served by PJM Interconnection.

The sale is expected to close in the first quarter of 2017, but it is subject to regulatory approvals from the Federal Energy Regulatory Commission (FERC), the Indiana Utility Regulatory Commission, and federal clearance pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, AEP said.

Moving on Out

Efforts to formalize a power purchase agreement that would have supported continued operation of AEP and FirstEnergy generation capacity in Ohio were punctured by the Federal Energy Regulatory Commission (FERC) on April 27, though the Public Utilities Commission of Ohio (PUCO) had blessed the deal just a month before.…

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