Matt Bevin and former President Donald Trump. Theyre already old, the costs are going to continue to rise, clean energy is going to continue to decrease in prices. Workers at Appalachian Power's John E. Amos Power Plant near Winfield have found a . The demand for electricity is flat, even factoring in the pandemic. Theyve also embraced renewables. "Our people want to have clean air. Source: S&P Global Market Intelligence More coal-fired power plants face closure as the nation transitions to cleaner sources of energy. Post completion of construction, the project got commissioned in September 1971. Over the same period, the National Oceanic and Atmospheric Administration estimates more frequent and more powerful storms in the region have dumped 55% more rain. Scott Blake, an AEP spokesman, said the. The problem isn't AEP, it's within our own company, AUS. "We can't continue to risk everything for energy, you know, I mean coal keeps the lights on, they say, but at what cost?". The early and simultaneous retirement of nearly two-thirds of the companys capacity would expose the company and our customers to an imprudent level of uncertainty and market volatility, she said. They plan on retiring another 25 gigawatts through 2025. Taking Amos and Mountaineer out of service would not be a simple step for AEP. Virginia customers would bear the costs of this unprecedented capacity overhaul., Appalachian Power now faces a complex situation. Be Nice. All Rights Reserved. The Virginia State Corporation Commission (SCC) on Aug. 23 rattled American Electric Power's (AEP's) plans to operate the 2.9-GW John Amos and 1.3-GW Mountaineer coal power plants through 2040 . Retiring a large power plant requires the approval of several parties. By the start of 2020, that fell to 228.8 GW, a decline of 19.9%. It has been developed in multiple phases. "I grew up in coal country. They want to have clean water. Thats a risky investment considering the deteriorating economics of coal, said James Van Nostrand, who teaches law at West Virginia University and directs its Center for Energy and Sustainable Development. The other two would close in five years. The Biden administration argues that Congress gave EPA significant leeway under the Clean Air Act to write regulations to stave off climate catastrophe. "I think the days of coal being a primary generation source are over," Morningstar analyst Travis Miller said. High 52F. Eighteen states led by West Virginia and a coalition of U.S. energy companies want strict limits on EPA authority to issue rules that could transform entire industries. The Mitchell Plant in Moundsville, the Mountaineer Plant in New Haven, and the John Amos Plant in Winfield require costly upgrades to comply with new federal environmental rules. Click here to stay informed and subscribe to Herald-Dispatch. And so it's a tough spot if you own these utilities, he said, so I understand why they're struggling to think about what their options are..
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