American Electric Power Faces Fewer Shutdowns

Reuters reported that American Electric Power (NYSE:AEP) won’t shut down as many coal-fired plants, favoring plant modifications instead.

As quoted in the market news:

AEP said its new estimate differed from last year’s as it has already closed down a 450-MW unit in February and has decided to seek regulatory approval in Kentucky to retrofit the Big Sandy unit 2 with emission control equipment.

Click here to read the full Reuters report.