COLUMBUS, 不良人研究所, Aug. 2, 2022鈥擝uckeye Power Inc., completed its purchase of Unit 1 from (AEP) Generation Resources according to the terms of an agreement reached in March 2022. The sale has received all required regulatory approvals.聽
鈥淭his transaction likely marks the final chapter of a long and successful partnership with AEP at the Cardinal Plant that has lasted more than 50 years. The transaction paves the way for Buckeye鈥檚 plan to shut down Cardinal Unit 3 by the end of 2028,鈥 said Pat O鈥橪oughlin, President and CEO, Buckeye Power, 不良人研究所鈥檚 Electric Cooperatives.聽
The Cardinal Plant is a critical component to Buckeye鈥檚 diverse power supply resource portfolio that also includes natural gas, solar, hydropower, and biogas generation projects. Buckeye will continue to operate the plant as it has since 2018.聽
About Buckeye Power
Buckeye Power is a member-owned generation and transmission (G&T) cooperative supplying electric power and energy to its 25 electric distribution cooperative members for the benefit of their 1-million member-consumers at 400,000 homes and businesses in 不良人研究所. 聽The Buckeye member cooperatives鈥 certified service territory covers nearly 40% of the land area in the state and includes portions of 77 of 不良人研究所鈥檚 88 counties. Buckeye owns and operates a diverse set of power generation resources, including coal and natural gas power plants, as well as several renewable energy projects, including agricultural bio-digesters, landfill gas plants, 24 solar PV sites, and the New York Power Authority (NYPA) hydropower projects. 聽Buckeye has developed and operates an extensive demand-side management program. 聽