American Electric Power (AEP)

American Electric Power Co. Inc. reported that the Arkansas Supreme Court will review a lower-court decision overturning a key construction permit for a $1.6 billion coal-fired power plant that a unit of the company is building in the state.
"Obviously we are very pleased that the Supreme Court has chosen to review the case," said Paul Chodak, president and chief operating officer of Southwestern Electric, a unit of AEP, in a press release. He said the permit was rejected by the lower court because of the approval process rather than the merits of building the plant.

Oct 23 · 11:53:00 AM · Source: NASDAQ
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by Michael Oliveto