The request comes after an 17 October decision from the Public Utilities Commission of Ohio in the firm’s corporate separation case.
The request for approval is to transfer about 9,200MW of AEP Ohio-owned generation to a new wholly owned firm – AEP Generation Resources.
In addition, AEP requested for the transfer its Ohio’s current two-thirds ownership in the John E Amos Plant Unit 3 of 1,300MW to Appalachian Power.
The company also sought approval for the transfer of 800MW of the 1,600MW generating capacity of Mitchell Plant to Appalachian Power and the remaining 800MW to Kentucky Power.
AEP president and CEO Nicholas K Akins noted these Federal Energy Regulatory Commission (FERC) filings are an important next step in the company’s transition to full competition in Ohio.
"If the process moves forward as we expect, we will be in a position to fully separate our Ohio generation from our Ohio utility operations at the beginning of 2014," Akins said.
The firm asked FERC to terminate the existing interconnection agreement that exists among its utilities in the Midwest and approve a new power coordination agreement among Appalachian Power, Indiana Michigan Power and Kentucky Power.
Additionally, the US-based energy company requested approval to merge AEP’s Wheeling Power utility into Appalachian Power.
