FOR IMMEDIATE RELEASE
CONTACT: Patrick Higgins
COLUMBUS, Ohio — Ohio’s Electric Cooperatives (OEC) announced today that it has reached an agreement with American Electric Power’s Generation Resources subsidiary (AEPGR) to transition operational responsibility from AEP to Buckeye Power — OEC’s generation and transmission cooperative — for:
- Brilliant, OH-based, 1,800 megawatt Cardinal Generating Station
- Greenville, OH-based, 200 megawatt natural gas peaking plant Greenville Generating Station
- Convoy, OH-based, 510 megawatt natural gas peaking station Robert P. Mone Plant.
Ownership of the plants will remain unchanged. AEPGR will retain ownership of the 590 MW Cardinal Unit 1. OEC/Buckeye Power owns the remaining units — 590 MW Unit 2, and 620 MW Unit 3.
Cardinal Generating Station staff will become employees of Cardinal Operating Company, the jointly owned AEP/Buckeye Power organization that operates the power plant. Staff of the Greenville Generating Station and Robert P. Mone Plant will become Buckeye Power employees. Agreements for all three plants are subject to lender approval, which is expected during first quarter 2018.
“We’ve enjoyed a successful partnership with AEP for nearly 50 years,” said Patrick W. O’Loughlin, Ohio’s Electric Cooperatives president and CEO. “Looking to the future, and considering the change of circumstances in Ohio’s power generation industry, it makes sense for Buckeye Power to take the operational lead at the Cardinal, Greenville, and Mone power plants. We look forward to continuing our partnership with AEP as both organizations assume new roles to secure the reliability and affordability of electric power generation for our consumer-members.”