Wednesday, June 15, 2011

American Electric Company, Inc.

The American Electric Power Company, Inc., could lay off 600 workers and close five plants in the U.S., as a result of new rules for coal-fired power plants proposed by the U.S. Environmental Protection Agency.

Strict regulations being considered by the EPA to limit emissions of mercury, lead and other toxins from coal-fired plants could take effect in 3 1/2 years, a timeline AEP called "unrealistic." In order to meet the rules in time, the company said, it would have to close plants in Ohio, West Virginia and Virginia by the end of 2014 and retire generating units at plants in five states as soon as by the end of 2012.

Information on layoffs and closings is published by the Plant Prospector.  For more information, please click

The Plant Prospector is a weekly e-mail service that identifies regional and local plants and businesses in transition through layoffs and work force reductions.  A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying private firms. small public companies, and subsidiaries of major corporations that are in flux.

The Plant Prospector is an ideal prospecting tool for troubled company professionals, strategic investors, vulture business and real estate investors, auctioneers, liquidators and equipment buyers, and renovation and demolition contractors.

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