W.Va. regulators asked to approve proposed settlement of transfer of AEP plant to subsidiary


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CHARLESTON, West Virginia — State regulators are being asked to approve a settlement regarding the transfer of an American Electric Power plant to a subsidiary.

AEP wants to transfer partial ownership of the Mitchell Power Plant near Moundsville to Wheeling Power. The transfer had drawn opposition from consumer watchdogs and energy-efficiency advocates.

The Charleston Gazette (http://bit.ly/1p42mIr ) reports that the parties filed a notice of the settlement last week with the Public Service Commission. The notice outlines the settlement's terms and asks the PSC to approve it.

Under the proposed settlement, AEP would increase spending on energy-efficiency programs.

The settlement also would require AEP to issue a request for proposals in the future if it needs additional long-term generation capacity to meet West Virginia customer needs.

Information from: The Charleston Gazette, http://www.wvgazette.com

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