American Electric Foresees Plant Closures on Obama Plan
This article is for subscribers only.
American Electric Power Co., the top U.S. coal-burning power plant operator, expects to be challenged and shut some of its largest units if the Obama administration proposes a 25 percent greenhouse-emission cut.
The company would likely have to retire plants that can’t be relied on to deliver electricity if the U.S. Environmental Protection Agency requires such steep reductions by 2030 in proposed rules to be unveiled June 2, Chief Executive Officer Nick Akins said yesterday in an interview.