American Electric Power said Thursday that it plans to retire a fifth coal-fueled power plant in Ohio, citing environmental compliance costs and tough market conditions.
Under a deal reached in February, AEP had the option to retire the 585-megawatt Muskingum River Plant Unit 5 in Beverly, Ohio, or refuel it with natural gas. But as a result of the costs and market conditions, AEP said it probably won't spend the money to refuel the unit.
The company has already announced plans to retire units one through four at Muskingum River by the end of 2015.
About 95 employees working at the five units will be affected. AEP said it will work to provide displaced workers with jobs at other AEP facilities and consider those who don't find new positions with the company for severance benefits.
See Friday's edition of The Marietta Times for more