Company Overview of Appalachian Power Company
Appalachian Power Company generates, transmits, and distributes electric power. The company owns 6,650 megawatts of generating capacity; and serves approximately 957,000 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
Founded in 1926
Key Executives for Appalachian Power Company
Chairman of The Board and Chief Executive Officer
President and Chief Operating Officer
Chief Financial Officer, Vice President and Director
Chief Accounting Officer, Senior Vice President and Controller
Executive Vice President, General Counsel and Secretary
Compensation as of Fiscal Year 2017.
Appalachian Power Company Key Developments
Judge Rules for Appalachian Power in Ongoing Lawsuit
Jun 21 17
Bill and Lora Nissen suffered a setback in their ongoing court case against Appalachian Power on June 16 when Franklin County Circuit Court Judge James Reynolds ruled in favor of the power company. Reynolds stated that AEP had the authority to regulate the Nissen's property below the lake's 800-foot contour. The court battle began in 2014 when Bill and Lora Nissen began construction of a dock on their property in the Windmere neighborhood without obtaining a permit from Appalachian Power. Shortly after work began, Appalachian Power filed an injunction to halt the construction. The case was originally set to be tried in federal court until this past year when the 4th U.S. Circuit Court of Appeals ruled that it should be heard in state court. The ruling stated that the federal court "lacked subject matter jurisdiction" because the dispute concerned state property law rather than any federal issue. Since the Nissens never obtained a permit to construct a dock, the June 16 case dealt with the flowage easement that is a part of every property owner's deed along the lake's shoreline. Attorney Matthew Prittz, representing Appalachian Power, argued that the flowage easement gave Appalachian the authority to remove anything built without permission below the shoreline, often referred to as the 800-foot contour line. Prittz claimed that since construction of the dock began after the implementation of the lake's shoreline management plan, it should meet those standards. He called the dock a "behemoth" - it's 2,000 square feet larger than the 1,500 square feet allowed for the property. Reynolds challenged that by quoting a line from the flowage easement, which states "at Appalachian's discretion" the company has the right to "cut, burn and/or remove therefrom any and all buildings, structures, improvements, trees, brushes; driftwood and other objects and debris.below the contour elevation of which is 800 feet." In the end, Reynolds decided against the Nissens and granted the summary judgment to Appalachian Power. Reynolds added that no one questioned the flowage easement for the first 30 years of the lake's existence. According to those familiar with the case, the Nissens plan to appeal the decision to the Virginia Supreme Court.
Appalachian Power Announces Board Changes
Jun 1 17
Appalachian Power announced that Larry Jackson appointed as director for Virginia. Jackson succeeds Joe Jones, who will officially retire in August after nearly 37 years with the company. Jackson joined Appalachian Power in 1980 as a transmission and distribution engineer in Huntington, W.Va. He has held positions in marketing, customer service, distribution operations and process improvement prior to his current role as external affairs manager in the Virginia/Tennessee external affairs group. Jackson will assume the new role effective June 3, 2017.
Appalachian Power Co. and Eagle Creek Reusens Hydro LLC Gets the Virginia State Corporation Commission Approval to Sell Small Hydro Facility
Feb 10 17
The Virginia State Corporation Commission has approved an application filed jointly by Appalachian Power Co. and Eagle Creek Reusens Hydro LLC under which the utility will sell five 2.5-MW hydroelectric projects on the James River. The 12.5-MW Reusens plant began commercial operations in 1903. The five units are on the James River in Amherst and Bedford counties, and in Lynchburg, Va. According to the SCC's Feb. 1 approval letter, Appalachian Power in recent years took the units out of service because of various equipment failures and decided not to refurbish them. Appalachian Power applied for commission approval of the sale in October 2016. The buyer, Eagle Creek Renewable Energy, is a New Jersey-headquartered owner and operator of small hydro facilities. According to its website, it owns 59 hydro facilities in the Upper Midwest, New England, New Jersey and New York. According to the SCC order, it intends to refurbish the Reusens units and sell the output into the PJM Interconnection market.
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