COLUMBUS, Ohio, Sept. 17, 2010 – American Electric Power (NYSE:AEP) is seeking offers on behalf of Ohio Valley Electric Corporation (OVEC) and its subsidiary company for the supply of Powder River Basin coal to one or more of its generating stations.
AEP is seeking one-year spot-coal delivery proposals for up to 3.5 million tons of Powder River Basin coal, delivered by rail, beginning Jan. 1, 2011, and for up to 1.5 million tons of Powder River Basin coal, delivered by rail, beginning Jan. 1, 2012. AEP is open to alternative pricing structures or other innovative, value-added concepts. Proposals with alternative terms will be accepted.
Coal Proposal Package(s) must be received by AEP no later than 12 p.m. EDT, Friday, Sept. 24, 2010. Proposals can be submitted by e-mail to [email protected], by fax to 614-583-1619 (Attn. Chuck West), or by mail to Chuck West, Manager, Fuel Procurement – Coal, American Electric Power Service Corp., 155 W. Nationwide Blvd., Suite 500, Columbus, Ohio 43215. Complete details about the Requests for Proposals are available at www.aep.com/go/coaloffers or by calling West at (614) 583-6112 or Tina Sefcik at (614) 583-6028.
-OVEC Coal RFP (DOC)
-Terms and Conditions (PDF)
OVEC and its wholly-owned subsidiary, Indiana-Kentucky Electric Corporation, were organized in October 1952 by 15 sponsoring utilities. Parent companies of the sponsoring utilities are Allegheny Energy, Inc. (NYSE: AYE), American Electric Power (NYSE: AEP), Buckeye Power, Inc., DPL, Inc. (NYSE: DPL), Duke Energy Corp. (NYSE: DUK), E.ON AG, FirstEnergy Corp. (NYSE: FE) and Vectren Corp. (NYSE: VVC). AEP owns 43.5 percent of OVEC and procures coal on its behalf.
American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP’s transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP’s utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP’s headquarters are in Columbus, Ohio.
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