GLEN LYN, Va. — The reality of snuffing out several antiquated coal-fired power plants moved a step closer to reality on Thursday with American Electric Power issuing formal notification of the plan to retire 4,600 megawatts of power to comply with Environmental Protection Agency regulations.
"We continue to have serious concerns about the potential impact these plant retirements — and retirements of generation announced by other utilities — will have on the reliability of the electricity grid," Nicholas K. Akins, AEP president and chief executive officer was quoted in an AEP press release as stating. "Our retiring units were required to run to meet peak demand last summer and little new generation is scheduled to come on line prior to the retirement dates to replace the lost generating capacity."
AEP needed to retire more than 4,600 megawatts of coal-fired power to comply with EPA regulations. In addition, AEP was required to announce the plant retirements before PJM Interconnection's auction in May that will set electric generation capacity prices from June 2015 through May 2016.
AEP's Glen Lyn plant is among a group of several power plants scheduled to be retired on June 1, 2015, but AEP will start retiring coal-fired plants as early as Dec. 31, when it retires the Conesville 3, plant in Conesville, Ohio. AEP has already retired the 450-megawatt Sporn Plant in February.
Power Plants Shutting Down to Comply With EPA Demands » Not Good News
AEP notifies organizations about plans to retire power plants » Local News » Bluefield Daily Telegraph, Bluefield, WV.
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