American Electric Power (AEP) sold the 595 MW coal-fired Cardinal Plant Unit 1 to Buckeye Power. The Federal Energy Regulatory Commission had approved the sale May 19.

Buckeye already owns the other two units at the plant, located on the Ohio River in Brilliant, Ohio, about 50 miles west of Pittsburgh and 15 miles north of Wheeling, West Virginia.

The sale completes AEP’s exit from the competitive generation business in Ohio. However, AEP plans to purchase 100% of Unit 1’s output through a power purchase agreement through 2028.

Terms of the sale were not disclosed.

Cardinal Unit 1 was placed in commercial service in 1967. Unit 2 came online later that same year.

Unit 3 began operation in 1977 and has generating capacity of 620 MW.

Over a decade, and culminating in 2012, Buckeye Power invested $1.2 billion in emissions-control equipment on units 2 and 3. Cardinal Operating Company says the plant is one of the cleanest coal-fired power plants in the world.

AEP has a goal of achieving net-zero carbon emissions by 2050 and an interim goal of cutting emissions 80% from 2000 levels by 2030. Integral to AEP’s goal is adding approximately 16,000 MW of wind and solar by the end of the decade.

AEP's generation mix and 2030 goals (Source: AEP).

Earlier in 2022 we spoke exclusively with AEP’s President and CEO Nick Akins about the company’s coal exit and renewables goals at the CERAWeek Conference in Houston:

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