AEP Sells Three Ohio Plants


AEP this week announced the sale of three of its Ohio plants, and one in Indiana.  The assets went for $2.2 billion.  The plants have a capacity of 5,200 megawatts. The Ohio plants are the gas-fired Waterford Energy Center and Darby Generating Station and the coal-fired James M. Gavin Plant.  The purchasers are private equity firms Blackstone Group LP and ArcLight Capital Partners LLC. AEP indicated it is focused on its regulated business, and not merchant power.  The company has several other merchant power plants in Ohio that were not included in the sale.  9/15/2016