AEP (AEP) Pares Back Output at Welsh 2 as Turk Plant Comes Online
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Price: $45.90 +0.72%
Overall Analyst Rating:
NEUTRAL (
Down)
Dividend Yield: 3.9%
EPS Growth %: +1.3%
Overall Analyst Rating:
NEUTRAL (
Down)Dividend Yield: 3.9%
EPS Growth %: +1.3%
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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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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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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