AEP Completes Purchase of Darby Plant from DPL Energy
COLUMBUS, Ohio, April 25: Columbus Southern Power, a utility subsidiary of American Electric Power (NYSE:AEP), today completed the purchase of the Darby Electric Generating Station from DPL Energy, LLC, a subsidiary of DPL Inc.
The purchase, valued at approximately $102 million, was announced in November 2006.
The Darby plant, located approximately 20 miles southwest of Columbus, Ohio, near Mount Sterling, is a natural-gas, simple-cycle power plant with a nominal generating capacity of 480 megawatts and a summer capacity of approximately 450 megawatts. The plant began commercial operation in 2001.
Acquisition of the Darby plant will help AEP keep pace with the growth in peak demand in its eastern service area and help the company maintain the 15 percent reserve margin required by the PJM Interconnection to ensure reliability. AEP will operate the Darby plant as part of the company's generation pool that provides power to AEP's utility units serving customers in Indiana, Kentucky, Michigan, Ohio, Tennessee, Virginia and West Virginia.
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.
Source: American Electric Power
CONTACT: Pat D. Hemlepp, Director, Corporate Media Relations,
+1-614-716-1620, Julie Sloat, Vice President, Investor Relations,
+1-614-716-2885, American Electric Power
Web site: http://www.aep.com/
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