WKYT | Lexington, Kentucky | News

AEP Buys Coal West Virginia Reserves

CHARLESTON, W.Va. (AP) - Utility operator American Electric
Power has bought 27,000 acres of coal reserves in West Virginia.

A spokeswoman for Columbus, Ohio-based AEP says the property in
Putnam, Mason and Jackson counties could supply several nearby
generating plants. Jeri Matheney says AEP is still evaluating the
reserves, which were acquired from St. Louis-based Peabody Energy
for $2.5 million last January.

AEP, which burns 76 million tons of coal a year, got out of
mining in the late 1990s.

Morris says the company is no longer interested in operating
mines and uses contractors to run several it owns.

One began supplying high-sulfur coal to AEP's Mountaineer Plant
in Mason County after a $533 million scrubbing system was installed
in February 2007.


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