Deals
American Electric May Decide Power Plant Sale This Year
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American Electric Power Co., the biggest U.S. operator of coal-burning power stations, may decide later this year or early next whether it will follow Duke Energy Corp. by selling plants in the Midwest.
“We’re a regulated utility,” Chairman and Chief Executive Officer Nick Akins said in an interview at Bloomberg headquarters in New York yesterday. “We have an unregulated generation piece of our business we’re trying to bring some stability to.”