STOCK TITAN

Cardinal Operating Company Seeks Bids For Barging And Harbor Services

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Cardinal Operating Company, representing AEP Generation Resources (AEPGR), is soliciting bids for barging and harbor services starting January 1, 2022. The contracts will last three to five years, and bidders can submit proposals for either or both services. The deadline for proposals is June 14, 2021, and chosen bids will remain open for acceptance until July 16, 2021. AEP Energy Supply oversees Cardinal Unit 1, while Buckeye Power manages Units 2 and 3. AEP operates the largest electricity transmission system in the U.S., serving 5.5 million customers across 11 states.

Positive
  • Seeking bids for new services may lead to improved operational efficiency.
  • Opportunity for local businesses to engage with AEP, fostering community relations.
Negative
  • No immediate financial metrics or projections provided related to the contracts.

COLUMBUS, Ohio, May 24, 2021 /PRNewswire/ -- Cardinal Operating Company (COC) on behalf of AEP Generation Resources Inc. (AEPGR), an unregulated wholly owned subsidiary of AEP Energy Supply, LLC, is seeking bids for barging and harbor services. AEP Energy Supply, LLC, which owns Cardinal Unit 1, is a wholly owned subsidiary of American Electric Power (Nasdaq: AEP), and Buckeye Power, Inc. (BPI), which owns Cardinal Units 2 and 3, is a corporation not for profit organized and existing under the laws of the state of Ohio and engaged in the generation and transmission of electric energy in Ohio for distribution and use by its membership.

Proposals for barging and harbor services are sought for service beginning Jan. 1, 2022 lasting from three to five years. Bidders may submit bids to perform either or both barging and harbor services. Awarded contracts will be executed in the name of Cardinal Operating Company. 

Proposal packages must be received no later than 5 p.m., Monday, June 14, 2021. Proposals can be submitted by e-mail to dmhubschman@aepes.com, or delivered in an envelope marked "COC RFP- BARGING/HARBOR SERVICES PROPOSAL" to COC RFP- BARGE/HS PROPOSAL, Attn: Don Hubschman, AEP Energy Supply, 7850 Sarbury Drive, Dublin, OH, 43016. Proposals are to be kept open for acceptance by AEPGR and/or BPI until 4 p.m., Friday, July 16, 2021.

Complete details about the Requests for Proposals 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.

(PRNewsfoto/American Electric Power)

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/cardinal-operating-company-seeks-bids-for-barging-and-harbor-services-301298047.html

SOURCE American Electric Power

FAQ

What services is AEP seeking bids for?

AEP is seeking bids for barging and harbor services.

When is the deadline for submitting proposals to AEP?

The deadline for proposals is June 14, 2021.

What is the duration of the contracts for the services?

The contracts will last from three to five years.

What is AEP's role in the energy sector?

AEP operates the largest electricity transmission system in the U.S. and serves 5.5 million customers.

When will the awarded contracts be accepted until?

Proposals will remain open for acceptance until July 16, 2021.

American Electric Power Company, Inc.

NASDAQ:AEP

AEP Rankings

AEP Latest News

AEP Stock Data

48.86B
532.29M
0.04%
80.74%
1.43%
Utilities - Regulated Electric
Electric Services
Link
United States of America
COLUMBUS