AEP backs out of FutureGen project

Columbus-based American Electric Power has backed out of a plan to help build the world's first "clean" coal-fired power plant. Full Story
Chuck

Powell, OH

#1 Jun 25, 2009
With a few trillion dollars of funding, maybe Obama can get companies interested in his dream?
Jake

Columbus, OH

#2 Jun 25, 2009
Is this the same AEP that just raised electric rates for their customers so they would have the capital to invest in the future? Who knew the future laid in the pockets of AEP? The rate hike should be retroactively removed and their customers reimbursed. I've seen AEP commercials and they almost had me convinced that when they said they were going green it was for the good of the environment and not AEP.
Liz

Kittanning, PA

#3 Jun 25, 2009
This is the same AEP that isn't even giving their employees a raise this year. I know, believe me. They are hurting just like everyone else. As far as the rate hikes go, the only thing I know is this...they are not sharing it with the backbone, blood, and people that make their company run. So, don't feel so bad, and the next time you see an AEP employee, thank them for their hard work, and pat them on the back. If you have a problem, write to the upper management that is still receiving their bonuses this year.
Jake wrote:
Is this the same AEP that just raised electric rates for their customers so they would have the capital to invest in the future? Who knew the future laid in the pockets of AEP? The rate hike should be retroactively removed and their customers reimbursed. I've seen AEP commercials and they almost had me convinced that when they said they were going green it was for the good of the environment and not AEP.
stangman

United States

#4 Jun 25, 2009
it figures obama would try to revive it when it would help out his cronies in ill.
ABE

Leesburg, VA

#5 Jun 25, 2009
Certainly an expected development from this Corporate hyena, always acting first and foremost
in the interest of shareholders and bought & sold
Republican elected officials, including their
various appointees.
WRITE NOW, Repuglicrite state legislative leaders,
and your U.S. House Rep. and Senator George V. Voinovich (the latter will leave a legacy as the
worst former governor-senator polluter in U.S.
history)!!!
taxman

Columbus, OH

#6 Jun 25, 2009
It sounds like it's a stupid project anyways.

Spending billions to build a power plant that generates electricity much more expensively than any other plant?

It sounds perfect for the Obama mindset, but worthless in the real world.
Thinker

Columbus, OH

#7 Jun 25, 2009
Why would they continue? Obama said he will run coal out of business!
Notta Bluebadger

Borås, Sweden

#8 Jun 25, 2009
100+% over budget and years behind schedule? Sounds about right for any project that Battelle undertakes.
Coal Baby Coal

Bloomingburg, OH

#9 Jun 26, 2009
This project/technology probably looked good "on paper. But, I have to give some credit for AEP "backing out". They must have put a sharp pencil to it and figured it was going to be a never ending drain of everyone's money. Otherwise, who wouldn't jump on a money-making opp, especially if the federal gov't was going to give huge amounts of $?(And, I give some credit to the post above mentioning Obama's "friends" in IL. If more companies pull out of the project and Obama continues it, you better believe there is somekind of "payback" happening!

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