American Electric Power Gets Approval To Transfer Amos Generation - Quick Facts

(RTTNews) - American Electric Power (AEP) announced it has received approval from the Public Service Commission of West Virginia to transfer the AEP Ohio-owned portion of John E. Amos Plant Unit 3 to Appalachian Power. The West Virginia PSC deferred making a decision about the merger of Wheeling Power with Appalachian Power and the transfer of 50 percent of the 1,600-megawatt Mitchell Plant to Appalachian Power.

Nicholas Akins, AEP president and CEO, said: "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."

"We expect the final approvals from the Federal Energy Regulatory Commission by year end which will allow transfer of the 867 megawatts of Amos Plant Unit 3 to Appalachian Power and 50 percent of Mitchell Plant to Kentucky Power by Jan. 1," Akins said.