American Electric Power Service Corporation Seeks Bids For Coal

Rhea-AI Summary

American Electric Power (AEP) has issued a request for proposal (RFP) to procure coal for its generating stations from multiple regions, including the Central Appalachian Basin, Illinois Basin, Powder River Basin, and Northern Appalachian Basin. The RFP seeks proposals for various terms within the last quarter of 2021 and the first half of 2022, as well as calendar years 2022 and 2023. Interested parties must submit their proposals by 5 p.m. ET on September 29, 2021. AEP is enhancing its sustainable energy initiatives while maintaining a robust electricity supply for 5.5 million customers across 11 states.

Positive

• AEP is expanding its coal sourcing to support energy production.
• The company aims for 50% renewable generation by 2030 and net zero emissions by 2050.

Negative

• None.

COLUMBUS, Ohio, Sept. 20, 2021 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today issued a request for proposal (RFP) for the supply of coal to one or more of its generating stations in multiple coal regions. AEP seeks proposals for the following regions and terms:

Coal Region	Term
Central Appalachian Basin	Q4 2021, Q1 and Q2 2022, Cal 2022, Cal 2023
Illinois Basin	Q4 2021, Q1 and Q2 2022, Cal 2022, Cal 2023
Powder River Basin	Q4 2021, Q1 and Q2 2022, Cal 2022, Cal 2023
Northern Appalachian Basin	Q4 2021, Q1 and Q2 2022, Cal 2022, Cal 2023

All coal proposal packages should include the provided coal proposal form included in the RFP. This information must be received no later than 5 p.m. ET, Wednesday, Sept. 29, 2021. Proposals are to be kept open until 5 p.m. ET, Friday, Oct. 22, 2021. All information must be emailed to aepfuelsrfp@aep.com. Complete details about the RFP are available at www.aep.com/go/coaloffers.

American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. 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 safely deliver reliable and affordable power to 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 5,600 megawatts of renewable energy. The company's plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2030. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieving net zero by 2050. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. 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, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com.

 

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SOURCE American Electric Power

FAQ

What is the purpose of AEP's recent RFP for coal?

AEP issued the RFP to procure coal for its generating stations in various regions to ensure a reliable energy supply.

What are the deadlines for submitting proposals to AEP's coal RFP?

Proposals must be submitted by 5 p.m. ET on September 29, 2021, and will be kept open until 5 p.m. ET on October 22, 2021.

Which regions are covered in AEP's coal procurement RFP?

The RFP covers coal procurement from the Central Appalachian Basin, Illinois Basin, Powder River Basin, and Northern Appalachian Basin.

How does AEP plan to enhance its renewable energy initiatives?

AEP plans to grow its renewable generation portfolio to approximately 50% of total capacity by 2030.