American Electric Power Seeks Bids For Powder River Basin Coal

COLUMBUS, Ohio, May 16, 2017 /PRNewswire/ -- American Electric Power (NYSE: AEP) is seeking offers for the supply of Powder River Basin (PRB) coal to one or more of its generating stations.

AEP is seeking spot delivery proposals for up to 2.25 million tons of PRB coal, FOB rail (joint-line served), beginning in July 2017 and ending in December 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, May 24, 2017. Proposals can be submitted by e-mail to aepfuelsrfp@aep.com, or by mail to Chuck West, Manager, Coal Procurement, 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, Clint Stutler at (614) 716-6789 or Amanda Torgerson at (614) 716-6222.

American Electric Power is one of the largest electric utilities in the United States, delivering electricity and custom energy solutions to nearly 5.4 million customers in 11 states. AEP 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 also operates 224,000 miles of distribution lines. AEP ranks among the nation's largest generators of electricity, owning approximately 26,000 megawatts of generating capacity in the U.S. AEP supplies 3,200 megawatts of renewable energy to customers. 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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SOURCE American Electric Power