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AEP
is America's largest generator
of electricity, with an enviable
fleet of power plants. However,
its asset base also includes
coal mines, barges, rail cars,
transportation terminals, and
more. Taken together, these assets
provide operational flexibility
and valuable market intelligence. |
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AEP owns and operates about 80 generating stations in the United States, with a capacity of nearly 38,000 megawatts.
While the size of the fleet is significant,
it's the efficiency - and the resulting
reliability and operational economies
- that has earned AEP its reputation
as a pioneering, innovative, dependable,
low-cost producer of power.
AEP believes strongly in the merits
of fuel diversity in generating electricity,
and its own generating fleet reflects
that belief. Today, coal-fired plants
account for 73 percent of AEP's generating
capacity, while natural gas represents
16 percent and nuclear 8 percent.
The remaining 3 percent comes from
wind, hydro, pumped storage and other
sources. AEP's recent investments
in wind facilities have made it one
of the nation's leaders in that renewable
resource.
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In
2001, AEP acquired MEMCO Barge Line,
Inc., thereby greatly enhancing its
coal transportation resources. AEP's
transportation infrastructure now includes
approximately 7,500 rail cars, 1,800
barges, and 37 tug boats.
AEP-owned barges carry coal up and
down the Ohio and Mississippi rivers
and along the Gulf Coast. However,
these barges are not only moving coal
for AEP; they're also transporting
coal and other commodities for outside
customers along the way. In fact,
AEP is now the fourth-largest inland
barge company in the U.S.
AEP has interests in two terminal
facilities. The Cook Coal Terminal,
located on the Ohio River, has a 20
million tons per year (tpy) transfer
capability, including rail-to-barge
transfer. The International Marine
Terminal, located in New Orleans,
has a 12 million tpy transfer capability,
and an 8 million tpy mid-stream capability.
(AEP has a 33 percent ownership stake
in the International Marine Terminal.)
AEP's maintenance/fleeting operations
include a railcar maintenance facility
in Metropolis, Illinois, a full-service
shipyard in Harvey, Louisiana and
five barge repair and cleaning facilities
in the lower Mississippi River.
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