AEP and Dynegy Complete Ownership Transfer of Zimmer Plant

American Electric Power announced that it has completed ownership transfer of Zimmer Plant by selling of AEP’s 330 MW share of the Zimmer Plant to Dynegy and the purchase of Dynegy’s 312 MW share of Conesville Plant.

The transaction has no material impact on AEP earnings. AEP already operates Conesville Plant and Dynegy operates Zimmer Plant so there will be no employment impact from the transaction.

AEP now owns 92 percent, or 1,461 MW, of Conesville Plant. Dayton Power & Light owns the remaining 129 MW of Conesville Unit 4. AEP’s other competitive generation assets in Ohio include 595 MW of Cardinal Plant, 603 MW of Stuart Plant and the 48 MW Racine Plant. Stuart Plant is expected to be retired by June 1, 2018.