Published Fri, Aug 10, 2012 5:21 pm Dateline
An American Electric Power spokesman says it's too soon to say what's going to happen at the Muskingum River Power Plant.
AEP is planning to stop burning coal at the plant near Beverly and go with a scaled-down natural gas operation.
"But," says Utility spokesman Pat Hemlepp "we still don't have final resolution of regulatory issues in Ohio."
He says they still need approval from the Public Utilities Commission of Ohio on something he calls "corporate separation."
Corporate separation would allow AEP to move Muskingum River "into a company that is separate from the regulated utility assets in the state."
He explains that the new company "would be wholly owned by AEP, (but) would have its own balance sheet, (and) own financing capabilities."
Another AEP spokesperson had said previously that PUCO action on AEP's rates would resolve the Muskingum River Plant question but that turns out not to be the case.