AEP may be in market for merger | The Columbus Dispatch
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#1 May 14, 2011
"Utilities are looking at mergers as a way to deal with the potential consequences of federal environmental rules, and to gain economies of scale, Medlock said."
They need to become as economically powerful as small nations in order to survive Obama.
Since: Jun 10
#2 May 14, 2011
Bigger doesn't mean better. At least in AEP's case, they might be big, but their service is documented as being unreliable. The company really doesn't have a very good track record at being well managed. If the corporate culture cannot be improved by the merger, then what would be the point? You'll just get a bigger problem instead of two smaller problems.
Exactly how big a power outage should we tolerate, for how long, and at what cost?
#3 May 14, 2011
AEP has been taken over by left -wing environmental kooks in the last ten years. They want to get rid of their coal-fired plants, so they are looking for merger partneners that can supply them with power so they can mothball their coal-plants. They merged with CSW in 2000 only because the 2 CEO's of the respective companies were college buddies and had neighboring ranches in Texas and new it would make them both rich. Obama isn't going to be here forever so I can't figure out why they want to change who they are because of Obama's EPA. Lisa Jackson (head of EPA) will be unemployed in a couple of years and we will set things right.
#4 May 14, 2011
what are you talking about??? they held onto their coal fired plants WAY after they were supposed to upgrade them. they only got away with their coal violations for so long because prior state and federal administrations barely enforced clean air laws.
And I don't know if AEP is named in the suits, but the coal plant owners in Ohio, Penna, Indiana, etc have been getting sued repeatedly by states in the Northeast and by Quebec because our region's coal fired pollution causes major damage to Northeastern woodlands and water supplies.
The USA is not Eastern Europe, China or Russia. We don't need to destroy woodlands and water supplies in order to make electricity.
Maybe, just maybe, with all the lawsuits it's cheaper to shut down coal plants that use 50-100 yr old technology.
Perhaps if the coal companies took the hundreds of millions they spend on "Clean coal commercials" and actually developed "clean coal" (which is a total scam- clean coal doesn't exist)......maybe they'd actually have the problem solved by now.
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