AEP to close Indiana coal-fueled plant
From Staff Reports
Sept. 17, 2013 at 10 p.m.
American Electric Power said Tuesday it is closing the last of its four coal-fueled Tanner Creek generating units in Indiana by 2015.
AEP made the decision to close the first three of the four Lawrenceburg, Ind.-based generating units in 2011. Given the opportunity to refuel or retire the fourth unit, AEP decided to shut it down, citing slow growth of demand for power combined with the amount of generation currently available.
About 115 employees working at the plant will be affected. AEP said it would work to find jobs for laid off employees and consider severance packages for those unable to find positions within the company.
"The decision to retire Tanners Creek 4 was made as part of our ongoing analysis of resource needs and environmental compliance costs as part of our disciplined approach to capital investment," AEP president and CEO Nicholas Akins said in a news release.
The company blames new environmental regulations for closure of the plants.
AEP's Southwestern Electric Power Co. operates coal-fired plants in East Texas, where it serves customers in Longview and elsewhere. Shreveport-based SWEPCO serves more than 521,000 customers in three states, including 114,000 in Western Arkansas, 227,300 in Northwest and Central Louisiana, and 181,000 in Northeast Texas.