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American Electric Pulls Back on Coal-Fired Power Shutdown
Feb. 10, 2012 02:56PM PST
Industrial MetalsBloomberg reported that American Electric Power (NYSE:AEP) won’t cut as much coal-fired production as it originally stated.
Bloomberg reported that American Electric Power (NYSE:AEP) won’t cut as much coal-fired production as it originally stated.
As quoted in the market news:
The difference stems from the company’s decision in December to seek a 31 percent rate increase to pay for environmental equipment needed to keep its Big Sandy Unit 2 in Kentucky operating.
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