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July 29, 2015 11:55 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

the West Virginia Public Service Commission Requests Appalachian Power to Maintain Three Closed Coal-Fired Power Plants for at Least Four Years

The West Virginia Public Service Commission is requesting Appalachian Power to maintain three closed coal-fired power plants for at least four years after the PSC felt the plants should not be closed permanently. The affected plants are the Kanawha River Plant is Glasgow, the Sporn plant in Mason County and the Glen Lyn plant in Glen Lyn, Va., though the West Virginia PSC does not have jurisdiction in Virginia. The plants closed at the end of May to comply with new federal clean air regulations. In May, the PSC asked Appalachian Power to show why the former power plants had to close and why those plants couldn't be converted to natural gas. The PSC's request came less than four weeks before the plants were scheduled to close. The closures were public knowledge for well over a year. The PSC made its final order requesting the plants be maintained on July 7, 2015.

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.

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