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July 08, 2015 1:35 AM ET

Electric Utilities

Company Overview of Appalachian Power Company

Company Overview

Appalachian Power Company generates, transmits, and distributes electric power. The company owns 7,877 megawatts of generating capacity; and serves approximately 959,000 retail customers in the southwestern portion of Virginia and southern West Virginia. It also supplies and markets electric power at wholesale to other electric utility companies, municipalities, and other market participants. Appalachian Power Company primarily serves paper, rubber, coal mining, textile mill products and stone, and clay and glass products industries. The company was founded in 1926 and is based in Columbus, Ohio. Appalachian Power Company is a subsidiary of American Electric Power Company, Inc.

1 Riverside Plaza

Columbus, OH 43215

United States

Founded in 1926

1,902 Employees

Phone:

614-716-1000

Key Executives for Appalachian Power Company

Chairman of The Board and Chief Executive Officer
Age: 55
Chief Financial Officer, Vice President and Director
Age: 47
Chief Operating Officer
Age: 55
Chief Accounting Officer, Senior Vice President and Controller
Executive Vice President, General Counsel and Secretary
Age: 68
Compensation as of Fiscal Year 2015.

Appalachian Power Company Key Developments

Appalachian Power Introduces Planned Transmission Upgrades in Charleston

Appalachian Power announced a proposed project to significantly upgrade the local transmission system to better serve the greater Charleston area. The proposed Charleston Area Improvements Project represents an $80 million to $100 million investment and includes rebuilding about 5 miles of transmission line, expanding two substations and building a new segment of transmission line and a new substation in the downtown area. Appalachian first identified the need for the electric infrastructure upgrades last year. The company completed construction of a temporary fix in January to help maintain the current reliable electric service. The Charleston Area Improvements Project is the proposed permanent fix to provide a robust network capable of handling future growth and demand while increasing reliability to its customers.

Appalachian Power Closes 3 West Virginia Coal-Fired Plants

Appalachian Power's Kanawha River Power Station at Glasgow, the Kammer Power Station near Moundsville and the Phillip Sporn Power Station at New Haven were closed on May 31, 2015. The company had announced in 2011 that it planned to close the plants, along with three coal-fired plants in Virginia, Ohio and Indiana. The company had said it would be cost-prohibitive to equip them to comply with new federal emission standards for mercury and other hazardous air pollutants. Another coal-fired plant in Virginia is being converted to natural gas. About 690 employees worked at the six plants when the announcement was made. Many employees were offered other positions within the company, some were offered severance packages and others workers chose to retire. In March, the company sent notices regarding the West Virginia plant closures to the state and to employees. Such notices are required by the federal Worker Adjustment and Retraining Notification Act.

West Virginia Public Service Commission Files Petition Asking Appalachian Power Co. to Justify the Planned Closure of Several of Coal-Fired Power Plants

The staff of the West Virginia Public Service Commission has filed a petition asking Appalachian Power Co. to justify the planned closure of several of its coal-fired power plants. Appalachian Power's parent company, American Electric Power Co. Inc., has said it will retire approximately 5,750 MW of coal-fired generation this month, including the 600-MW Philip Sporn, 630-MW Kammer and 400-MW Kanawha River plants in West Virginia. The retirement plans also include the 335-MW Glen Lyn coal plant, as well as one unit of the 705-MW Clinch River coal plant in Virginia. Both of these plants provide service for West Virginia customers, according to Appalachian Power. Appalachian Power on May 13 filed a motion asking the PSC to dismiss the staff's petition.

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