Hydroelectric power plant granted FERC license

The Federal Energy Regulatory Commission (FERC) has granted Appalachian Power, a unit of American Electric Power (NYSE: AEP), a 30-year license to continue to operate the 75 MW Claytor Hydroelectric Project on the New River in Virginia. This is the third time the company’s license has been renewed since it began building the facility in 1931 and operating it in 1943.

The project boundary for the Claytor Project encloses the dam and powerhouse area, and generally follows the 1,850-foot contour of the lake, extending 2,000 feet downstream of the dam.

Appalachian filed its application for a new license for the project in June 2009. Appalachian’s current license to operate the facility expired June 30, 2011. Since then, the company has operated the facility under an annual license as it awaited the final order.

AEP owns and operates 17 hydroelectric facilities totaling 878 MW of capacity located on six river systems in five states. There are 17 generating facilities (8,018.1 MW) within Appalachian Power’s service area, of which Appalachian Power owns 6,415 MW. Appalachian’s Hydroelectric and pumped storage projects represent 823.1 MW.

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