AEP says it will close five coal plants to comply with EPA regs

AEP says it will close five coal plants to comply with EPA regs – The Hill’s E2-Wire.

Utility giant American Electric Power said Thursday that it will shut down five coal-fired power plants and spend billions of dollars to comply with a series of pending Environmental Protection Agency regulations.

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The agency also stressed that the regulations are essential for protecting public health.

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The company, one of the country’s largest electric utilities, estimated that it will cost between $6 billion and $8 billion in capital investments over the next decade to comply with the regulations in their current form.

The costs of complying with the regulations will result in an increase in electricity prices of 10 to 35 percent and cost 600 jobs, AEP said.

In total, AEP estimated it will have to close five coal-fired power plants by the end of 2014. Six additional plants would see major changes, including retiring some generating units, retrofitting equipment and switching to natural gas.

Posted by kaj on Fri, 06-10-2011 at 00:51:50
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3 Responses to AEP says it will close five coal plants to comply with EPA regs

  1. Pingback: EPA responds to American Electric Power on closing coal-fired plants « News You May Have Missed

  2. Pingback: EPA responds to American Electric Power on closing coal-fired plants » Not Good News

  3. Wow could the EPA leave companies alone for once. The administration while doing its job correctly is doing the exact opposite of what it promises. Jobs! Closing the plants means more people unemployed. The coal plants are providing reliable electric power sources and electric power to hundreds of people everyday across the country. Coal is our number 1 energy production in the US but we sell most of it to China when it be cheaper to just keep it here and use it ourselves. It costs us less that 5 cents to run a microwave for 1 hour off coal power but we’d rather send the coal to China for the money they offer. It doesn’t make since to close plants when your opening new ones like the surry coal plant in virginia. Anyways great article and sad to see Obama get his way again.

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