American Electric Power Service Corporation Seeks Bids For Coal
American Electric Power (AEP) has issued a request for proposals (RFP) for coal supply to its generating stations across various coal regions. The proposal aims for delivery in 2022 to 2024, with specific tonnages outlined for the Central Appalachian, Illinois, Powder River, and Northern Appalachian Basins. Notably, AEP seeks 1 million tons in 2022 from the Central Appalachian Basin, 3 million tons in 2022 from the Powder River Basin, and more for subsequent years. Proposals must be submitted by May 26, 2021, and remain valid until June 18, 2021.
- Plans to secure coal supply for future years to support energy generation.
- Specific tonnage requirements may attract competitive bids, potentially lowering costs.
- No coal needs identified for the July-December 2021 period in several regions, indicating a potential shortfall in immediate supply.
COLUMBUS, Ohio, May 14, 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 coal type, delivery years and tonnages:
Coal Region | July-Dec. 2021 | 2022 | 2023 | 2024 |
Central Appalachian Basin | - | 1,000,000 | 1,500,000 | 1,500,000 |
Illinois Basin | - | 650,000 | 1,000,000 | 750,000 |
Powder River Basin | 2,000,000 | 3,000,000 | 1,500,000 | 1,000,000 |
Northern Appalachian Basin | - | 1,500,000 | 2,500,000 | 2,500,000 |
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., Wednesday, May 26, 2021. Proposals are to be kept open until 5 p.m., Friday, June 18, 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 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 the purpose of AEP's recent RFP issued on May 14, 2021?
What tonnages of coal is AEP planning to acquire for the Illinois Basin?
What are the submission deadlines for the coal proposals?
Which coal regions are included in AEP's RFP?
What are the delivery years specified in AEP's RFP?
