"AEP Agrees To Close 3 Coal Plants in Emissions Settlement"

"One of the the nation’s largest utilities agreed Monday to close three of its coal-fired power plants as part of a settlement with government officials and environmental groups, the latest sign of how the nation’s electricity supply is shifting away from coal."

"Updating an earlier 2007 settlement, American Electric Power will stop burning coal by 2015 at three power plants in Indiana, Ohio and Kentucky and replace a portion of that supply with new wind and solar investments in Indiana and Michigan. The company will spend $5 billion to install pollution controls on plants in its aging, coal-fired fleet in the Eastern United States and cut its annual sulfur dioxide emissions over the next 12 years from 828,000 tons to 174,000 tons.

Coal plants, which supply 32 percent of the nation’s electricity, remain the largest U.S. source of both sulfur dioxide and mercury — which contribute to heart and respiratory illness — as well as carbon dioxide linked to global warming."

Juliet Eilperin and Steven Mufson report for the Washington Post February 25, 2013.

Source: Wash Post, 02/26/2013