AEP (AEP) Pares Back Output at Welsh 2 as Turk Plant Comes Online

December 21, 2012 2:13 PM EST
AEP (NYSE: AEP) shares are on the rise following news that the power company may be scaling-back on its Texas Welsh 2 coal-fired unit to just 60 percent output.

The move comes as the John W. Turk Jr. coal plant in Arkansas began operation, Reuters notes today. The move, made by AEP's SWEPCO unit, is to offset emissions from Turk.

The Wesh 2 unit is a 528-megawatt (MW) plant, while the Turk plant produces 600 megawatts.

ARP is down 0.4 percent Friday.

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