COLUMBUS, Ohio, Aug. 2, 2022鈥斏槲逶绿 Power Inc., completed its purchase of Unit 1 from (AEP) Generation Resources according to the terms of an agreement reached in March 2022. The sale has received all required regulatory approvals.聽
鈥淭his transaction likely marks the final chapter of a long and successful partnership with AEP at the Cardinal Plant that has lasted more than 50 years. The transaction paves the way for 色情五月天鈥檚 plan to shut down Cardinal Unit 3 by the end of 2028,鈥 said Pat O鈥橪oughlin, President and CEO, 色情五月天 Power, Ohio鈥檚 Electric Cooperatives.聽
The Cardinal Plant is a critical component to 色情五月天鈥檚 diverse power supply resource portfolio that also includes natural gas, solar, hydropower, and biogas generation projects. 色情五月天 will continue to operate the plant as it has since 2018.聽
About 色情五月天 Power
色情五月天 Power is a member-owned generation and transmission (G&T) cooperative supplying electric power and energy to its 25 electric distribution cooperative members for the benefit of their 1-million member-consumers at 400,000 homes and businesses in Ohio. 聽The 色情五月天 member cooperatives鈥 certified service territory covers nearly 40% of the land area in the state and includes portions of 77 of Ohio鈥檚 88 counties. 色情五月天 owns and operates a diverse set of power generation resources, including coal and natural gas power plants, as well as several renewable energy projects, including agricultural bio-digesters, landfill gas plants, 24 solar PV sites, and the New York Power Authority (NYPA) hydropower projects. 聽色情五月天 has developed and operates an extensive demand-side management program. 聽