- AEP and Liberty have agreed to terminate the agreement that would have sold AEP’s Kentucky operations to Liberty.
- AEP remains committed to providing reliable service to customers in Eastern Kentucky and supporting economic growth and the energy future of the region.
- Cindy Wiseman has been named Kentucky Power president and chief operating officer.
- Rates: AEP and Kentucky Power will focus on ensuring rates meet the region’s needs and address costs while providing reliable service to customers.
- Economic Development: AEP has a legacy of bringing businesses and jobs to its communities through economic development efforts. We believe that leveraging Kentucky’s manufacturing talent will help attract onshoring and reshoring which, combined with access to lower cost power, will strengthen the regional economy and attract new investment.
- Right Team in Place to Oversee Efficient and Effective Execution of the Kentucky Strategy: AEP and its Kentucky operations leadership teams will leverage years of industry experience and expertise to take a new look at the business. AEP’s refreshed Kentucky strategy represents an opportunity to move forward and be a part of Kentucky’s energy future. AEP also named Cindy Wiseman as Kentucky Power president and chief operating officer after she has served in that role on an interim basis. Wiseman’s experience overseeing customer service, economic development and government affairs positions her well to redefine the company moving forward.
EDITOR’S NOTE: We have reached out to local and state leaders for comment on the effect this will have on Lawrence County’s economic development plans and will post them as soon as we get them. If you have a comment, now would be a great time since the EPA will also be watching.