FrankRep
06-19-2011, 01:37 PM
Obama: My Plan Makes Electricity Rates Skyrocket
http://www.youtube.com/watch?v=HlTxGHn4sH4
http://coalgeology.com/wp-content/uploads/2010/10/AEP.jpg
AEP Shares Plan For Compliance With Proposed EPA Regulations (http://www.aep.com/newsroom/newsreleases/?id=1697)
AEP - Press Release - June 9, 2011
Company advocates for more time and flexibility to reduce the negative impact of the proposed EPA rules on customers, jobs and the economy
COLUMBUS, Ohio, June 9, 2011 – American Electric Power (NYSE: AEP) today announced the company’s plan for complying with a series of regulations proposed by the U.S. Environmental Protection Agency (EPA) that would impact coal-fueled power plants. Based on the regulations as proposed, AEP’s compliance plan would retire nearly 6,000 megawatts (MW) of coal-fueled power generation; upgrade or install new advanced emissions reduction equipment on another 10,100 MW; refuel 1,070 MW of coal generation as 932 MW of natural gas capacity; and build 1,220 MW of natural gas-fueled generation. The cost of AEP’s compliance plan could range from $6 billion to $8 billion in capital investment through the end of the decade. High demand for labor and materials due to a constrained compliance time frame could drive actual costs higher than these estimates. The plan, including retirements, could change significantly depending on the final form of the EPA regulations and regulatory approvals from state commissions.
City urged EPA to extend deadline for AEP (http://www.istockanalyst.com/business/news/5239716/city-urged-epa-to-extend-deadline-for-aep)
Ashland officials are asking the Environmental Protection Agency to extend the deadline for compliance with regulations affecting coal-fired power plants because of the possible impact of that deadline on the Kentucky Power Company.
Some AEP clients may see rate hike (http://www.lancastereaglegazette.com/article/20110619/NEWS01/106190303/Some-AEP-clients-may-see-rate-hike)
Utility says environmental mandates, higher costs behind action; decision expected by end of year
American Electric Power wants to raise its rates on customers and decrease rates for small businesses.
....
AEP said an increase in costs and new environmental mandates are behind the increase. A consumer watchdog agency said unnecessary additional costs might be in the plan.
AEP to retire 6,000 MW of U.S. coal generation (http://www.globe-net.com/articles/2011/june/10/aep-to-retire-6,000-mw-of-us-coal-generation.aspx?sub=10)
AEP's plan for compliance with proposed EPA regulations will retire nearly one-quarter of its coal fleet and retrofit other units at a cost of $8 billion. Company seeks more time and flexibility to reduce the negative impact of the proposed EPA rules on customers, jobs and the economy.
AEP losses could have ripple effect (http://www.coshoctontribune.com/article/20110618/NEWS01/106180304/AEP-losses-could-ripple-effect)
As part of its plans, AEP will retrofit two generating units at Conesville with additional pollution control equipment by 2015. It will shut down Unit 3, creating the job loss.
AEP May Sell Kentucky Power Unit Facing Environmental Costs (http://www.bloomberg.com/news/2011-06-13/aep-may-sell-kentucky-power-unit-facing-environmental-costs-2-.html)
American Electric Power Co. may sell its Kentucky Power utility if state regulators don’t approve a customer rate increase to help pay for added environmental costs.
AEP: New rules would lead to shutdowns, job cuts (http://www.businessweek.com/ap/financialnews/D9NOJ4703.htm)
American Electric Power Co. Inc. warned Thursday that it would have to shut down five plants and reduce operations at six others, at a cost of 600 jobs, to comply with new rules for coal-fired power plants proposed by the U.S. Environmental Protection Agency.
AEP: EPA Plan Expected To Cost $6 Billion To $8 Billion Through Decade's End (http://online.wsj.com/article/BT-CO-20110609-711723.html)
American Electric Power Co. (AEP) estimates it may need to spend $6 billion to $8 billion through the end of the decade to comply with the Environmental Protection Agency's proposed regulations on coal-fueled power plants if they are approved in their current form.
AEP-PSO says EPA is overstepping its authority (http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20110524_49_E1_AEPPSO625860)
AEP-PSO on Monday challenged the EPA's authority and calculations in the agency's rejection of a state plan to reduce regional haze around three coal-fired power generation plants.
http://www.youtube.com/watch?v=HlTxGHn4sH4
http://coalgeology.com/wp-content/uploads/2010/10/AEP.jpg
AEP Shares Plan For Compliance With Proposed EPA Regulations (http://www.aep.com/newsroom/newsreleases/?id=1697)
AEP - Press Release - June 9, 2011
Company advocates for more time and flexibility to reduce the negative impact of the proposed EPA rules on customers, jobs and the economy
COLUMBUS, Ohio, June 9, 2011 – American Electric Power (NYSE: AEP) today announced the company’s plan for complying with a series of regulations proposed by the U.S. Environmental Protection Agency (EPA) that would impact coal-fueled power plants. Based on the regulations as proposed, AEP’s compliance plan would retire nearly 6,000 megawatts (MW) of coal-fueled power generation; upgrade or install new advanced emissions reduction equipment on another 10,100 MW; refuel 1,070 MW of coal generation as 932 MW of natural gas capacity; and build 1,220 MW of natural gas-fueled generation. The cost of AEP’s compliance plan could range from $6 billion to $8 billion in capital investment through the end of the decade. High demand for labor and materials due to a constrained compliance time frame could drive actual costs higher than these estimates. The plan, including retirements, could change significantly depending on the final form of the EPA regulations and regulatory approvals from state commissions.
City urged EPA to extend deadline for AEP (http://www.istockanalyst.com/business/news/5239716/city-urged-epa-to-extend-deadline-for-aep)
Ashland officials are asking the Environmental Protection Agency to extend the deadline for compliance with regulations affecting coal-fired power plants because of the possible impact of that deadline on the Kentucky Power Company.
Some AEP clients may see rate hike (http://www.lancastereaglegazette.com/article/20110619/NEWS01/106190303/Some-AEP-clients-may-see-rate-hike)
Utility says environmental mandates, higher costs behind action; decision expected by end of year
American Electric Power wants to raise its rates on customers and decrease rates for small businesses.
....
AEP said an increase in costs and new environmental mandates are behind the increase. A consumer watchdog agency said unnecessary additional costs might be in the plan.
AEP to retire 6,000 MW of U.S. coal generation (http://www.globe-net.com/articles/2011/june/10/aep-to-retire-6,000-mw-of-us-coal-generation.aspx?sub=10)
AEP's plan for compliance with proposed EPA regulations will retire nearly one-quarter of its coal fleet and retrofit other units at a cost of $8 billion. Company seeks more time and flexibility to reduce the negative impact of the proposed EPA rules on customers, jobs and the economy.
AEP losses could have ripple effect (http://www.coshoctontribune.com/article/20110618/NEWS01/106180304/AEP-losses-could-ripple-effect)
As part of its plans, AEP will retrofit two generating units at Conesville with additional pollution control equipment by 2015. It will shut down Unit 3, creating the job loss.
AEP May Sell Kentucky Power Unit Facing Environmental Costs (http://www.bloomberg.com/news/2011-06-13/aep-may-sell-kentucky-power-unit-facing-environmental-costs-2-.html)
American Electric Power Co. may sell its Kentucky Power utility if state regulators don’t approve a customer rate increase to help pay for added environmental costs.
AEP: New rules would lead to shutdowns, job cuts (http://www.businessweek.com/ap/financialnews/D9NOJ4703.htm)
American Electric Power Co. Inc. warned Thursday that it would have to shut down five plants and reduce operations at six others, at a cost of 600 jobs, to comply with new rules for coal-fired power plants proposed by the U.S. Environmental Protection Agency.
AEP: EPA Plan Expected To Cost $6 Billion To $8 Billion Through Decade's End (http://online.wsj.com/article/BT-CO-20110609-711723.html)
American Electric Power Co. (AEP) estimates it may need to spend $6 billion to $8 billion through the end of the decade to comply with the Environmental Protection Agency's proposed regulations on coal-fueled power plants if they are approved in their current form.
AEP-PSO says EPA is overstepping its authority (http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20110524_49_E1_AEPPSO625860)
AEP-PSO on Monday challenged the EPA's authority and calculations in the agency's rejection of a state plan to reduce regional haze around three coal-fired power generation plants.