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West Virginia Coal Plants Need Upgrades. Three States Will Decide Their Fate.

They’ve towered over the region’s communities for decades. They generated the electricity for homes around the Ohio Valley. They burned coal, a fossil fuel Appalachia has in abundance.But thre ....

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These Coal Plants Need Upgrades. Three States Will Decide Their Fate

They’ve towered over the region’s communities for decades. They generated the electricity for homes around the Ohio Valley. They burned coal, a fossil fuel ....

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One of Country's 10 Largest Coal Plants Just Got a Retirement Date. What About the Rest?

One of the Country’s 10 Largest Coal Plants Just Got a Retirement Date. What About the Rest?
The largest coal-fired power plants keep on going, even as many smaller ones close.
May 3, 2021
Emissions rise from stacks the Duke Energy Corp. Gibson Station power plant at dusk in Owensville, Indiana, on Thursday, July 23, 2015. Credit: Luke Sharrett/Bloomberg via Getty Images
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To survive among the shrinking fleet of U.S. coal-fired power plants, it helps to be extremely big.
On April 22, American Electric Power announced that it would close the Rockport Plant in southwest Indiana by 2028, making the plant the only one of the 10 largest in the country that is scheduled to completely shut down before 2030. ....

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AEP Reports Strong First-Quarter 2021 Earnings

0.13
EPS based on 497 million shares 1Q 2021, 495 million shares 1Q 2020, 497 million shares YTD 2021 and 495 million shares YTD 2020.
American Electric Power (Nasdaq: AEP) today reported first-quarter 2021 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $575 million or $1.16 per share, compared with GAAP earnings of $495 million or $1.00 per share in first-quarter 2020. Operating earnings for first-quarter 2021 were $571 million or $1.15 per share, compared with operating earnings of $504 million or $1.02 per share in first-quarter 2020.
Operating earnings is a non-GAAP measure representing GAAP earnings excluding special items. The difference between 2021 GAAP earnings and operating earnings for the quarter was due to the mark-to-market impact of economic hedging activities. ....

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Renewable energy to make up 50% of AEP generation fleet by 2030

American Electric Power is continuing its push away from fossil fuels by setting a goal of generating 50% of its power from renewable sources by 2030. ....

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