AEP Seeks Bids For Fuel Oil

Rhea-AI Summary

American Electric Power (AEP) announces plans to sell approximately 3.1 million gallons of Dyed No. 2 Fuel Oil from its Riverside Plant in Jenks, Oklahoma, starting July 21, 2021. Interested buyers must submit fixed price bids via email by noon CT on July 13, 2021, with bids remaining effective until noon CT on July 20, 2021. Proposals should comply with specific requirements, including the provision of a calibrated flow gauge meter. For further details, bidders can contact Grant Circle at (614) 216-9195 or visit AEP's official website.

Positive

• Sale of 3.1 million gallons of Dyed No. 2 Fuel Oil indicates active asset management.
• Fixed price bidding may stabilize revenues related to fuel oil sales.

Negative

• None.

COLUMBUS, Ohio, June 22, 2021 /PRNewswire/ -- American Electric Power (Nasdaq: AEP), on behalf of its subsidiary Public Service Company of Oklahoma, is seeking to sell Dyed No. 2 Fuel Oil from its Riverside Plant in Jenks, Oklahoma, beginning July 21, 2021.

The quantity to be sold is approximately 3.1 million gallons contained in one above ground 9 million gallon capacity tank. AEP is seeking a fixed price per gallon bid. Buyer will be required to maintain a calibrated flow gauge meter providing measurement for each load and will need to take possession FOB seller's tank at Riverside Plant, 700 E. 116th St., Jenks, OK 74037.

Proposals must be submitted via e-mail to aepfuelsrfp@aep.com by noon CT, Tuesday, July 13, 2021 and remain effective until noon CT, Tuesday, July 20, 2021. Interested parties may call Grant Circle at (614) 216-9195 with questions.

Complete details about the Request for Proposal is available at www.aep.com/go/coaloffers.

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's approximately 16,800 employees operate and maintain the nation's largest electricity transmission system and more than 223,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including more than 5,500 megawatts of renewable energy. AEP's family of companies includes utilities 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, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. For more information, visit aep.com.

 

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SOURCE American Electric Power

FAQ

What is AEP's recent announcement about fuel oil?

AEP is seeking bids to sell 3.1 million gallons of Dyed No. 2 Fuel Oil from its Riverside Plant starting July 21, 2021.

What is the deadline for submitting bids for AEP's fuel oil?

Bids must be submitted by noon CT on July 13, 2021.

What are the requirements for bidders in AEP's fuel oil sale?

Bidders need to maintain a calibrated flow gauge meter and take possession of the oil at the Riverside Plant.

Where can more information about AEP's fuel oil proposal be found?

Complete details can be found on AEP's website at www.aep.com/go/coaloffers.