American Electric Power
From Wikipedia, the free encyclopedia
| American Electric Power | |
|---|---|
 |
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| Type | Public (NYSE: AEP) |
| Founded | 1906 |
| Headquarters | Columbus, Ohio, USA |
| Area served | AEP Ohio: Ohio, West Virginia AEP Texas: Texas Appalachian Power: Tennessee, Virginia, West Virginia Indiana Michigan Power: Indiana, Michigan Kentucky Power: Kentucky PSO: Oklahoma SWEPCO: Arkansas, Louisiana, Texas |
| Key people | Michael G. Morris - Chairman, President & CEO since 2004 |
| Industry | Electric Utilities |
| Products | Electricity generation, transmission and distribution |
| Revenue | $12.1 billion |
| Net income | $814 million |
| Employees | 19,630 |
| Website | www.AEP.com |
AEP headquarters in Columbus, Ohio.
American Electric Power (NYSE: AEP) is a major investor-owner electric utility in various parts of the United States. It is headquartered in Columbus, Ohio. It serves parts of 11 states, and is currently the largest electricity generating utility in the United States.
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[edit] Overview
The company is divided into seven major geographic local operating companies:
- AEP Ohio, made up of the former Ohio Power and Columbus Southern Power
- AEP Texas, a merger of various predecessor utilities
- Appalachian Power, serving West Virginia and Virginia
- Indiana Michigan Power
- Kentucky Power
- Public Service of Oklahoma (PSO), and
- Southwestern Electric Power Company, often called SWEPCO, serving Arkansas, Louisiana, and eastern Texas
In addition, two smaller divisions, Wheeling Electric Power (serving Wheeling, West Virginia) and Kingsport Electric Power (serving Kingsport, Tennessee), are operated as de facto parts of AEP Ohio and Appalachian Power, respectively.
AEP owns and operates the Donald C. Cook nuclear power plant.
AEP also bought much of the town of Cheshire, Ohio, after it had become contaminated.[1]
AEP is also a leading technology company in the energy industry, having recently announced their plans to build an Integrated Gasification Combined Cycle (IGCC) coal-fired power plant which is expected to reduce emissions while providing additional electricity capacity to the customers served by AEP.
The company also operates its own inland barge line, AEP River Operations (fomerly MEMCO Barge Line), and owns major tracts of land throughout its service areas.
[edit] Environmental record
Researchers at the University of Massachusetts Amherst have identified American Electric as the 35th-largest corporate producer of air pollution in the United States, with roughly 88 million pounds of toxic chemicals released annually into the air.[1] Major pollutants indicated by the study include sulfuric acid, chromium and nickel compounds, hydrochloric acid, and manganese compounds.[2] Overall, electric power plants, such as those operated by AEP, account for almost "70 percent of sulfur dioxide emissions each year and 30 percent of nitrogen oxides emissions." Individually, these pollutants cause serious respiratory damage and other illnesses; when comibined, they create what's known as acid rain, which causes long term damage to the environment and deterioration of natural and man-made structures.[3] Environmental Protection Agency has named American Electric a potentially responsible party at the Green River Disposal Inc. Superfund toxic waste site.[4]
[edit] Hybrid trucks
American Electric Power is expanding its green efforts to include more hybrid trucks, 18 International DuraStar Hybrid diesel hybrid trucks. [5]
[edit] Justice Department lawsuit
The United States Justice Department filed a lawsuit in November 3, 1999, against AEP and six other companies for violating the Clean Air Act. On October 8, 2007, AEP agreed to install US$4.6 billion in equipment to reduce emission, as well as pay a US$15 million civil fine.[2] The company will cut 813,000 tons of air pollutants annually once all of the controls are installed.[6] According to the press release, the agreement imposes caps on emissions of pollutants from 16 plants located in five states. The facilities are located in Moundsville (2 facilities), St. Albans, Glasgow, and New Haven (2 facilities), West Virginia; Louisa, Kentucky; Glen Lyn and Carbo, Virginia, Virginia; Brilliant, Conesville, Cheshire, Lockbourne, and Beverly, Ohio; and Rockport and Lawrenceburg, Indiana.
[edit] See also
[edit] References
- ^ Political Economy Research Institute Toxic 100 (Study released May 11, 2006) retrieved 15 Aug 2007
- ^ Toxics Release Inventory courtesy rtknet.org
- ^ #090: 03-01-00 U.S. EXPANDS CLEAN AIR ACT LAWSUITS AGAINST ELECTRIC UTILITIES
- ^ EPA database courtesy Center for Public Integrity
- ^ Electric Drive Transportation Association
- ^ US EPS (2007-10-09). "U.S. ANNOUNCES LARGEST SINGLE ENVIRONMENTAL SETTLEMENT IN HISTORY". Press release. Retrieved on 2007-10-09.
[edit] External links
- American Electric Power is at coordinates Coordinates:
