Ohio Valley Electric Corporation

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The Ohio Valley Electric Corporation (OVEC) is a company jointly owned by several parent electrical utilities. It is headquartered in Piketon, Ohio. OVEC and its wholly owned subsidiary, Indiana-Kentucky Electrical Corporation (IKEC), own and operate two coal-fired electrical generating plants. They are the Kyger Creek Power Plant, located near Gallipolis, Ohio, and the Clifty Creek Power Plant near Madison, Indiana.

Piketon, Ohio Village in Ohio, United States

Piketon is a village in Pike County, Ohio, United States, along the Scioto River. The village is best known for the uranium enrichment plant located there. The population was 2,181 at the 2010 census. Originally called Jefferson, it was the county seat of Pike County 1815–1845, when James Emmitt, a wealthy local entrepreneur, influenced removal of the county seat to Waverly, due to its closer proximity to the then new Ohio & Erie Canal. Piketon is the location of the Pike County Fairgrounds and is served by the Scioto Valley School District.

Kyger Creek Power Plant coal power plant in Gallia County, Ohio

Kyger Creek Power Plant is a 1.08-gigawatt, 1,086 (MW) coal-fired power station located south of Cheshire, Ohio in Gallia County, Ohio. It is operated by the Ohio Valley Electric Corporation (OVEC).

Gallipolis, Ohio village in Ohio, United States

Gallipolis is a chartered village in the U.S. state of Ohio and the county seat of Gallia County. The municipality is located in Southeast Ohio along the Ohio River about 55 miles southeast of Chillicothe and 44 miles northwest of Charleston, West Virginia. The population was 3,641 at the 2010 census. When the population dropped below 5,000, Gallipolis lost its city status and was classified as a village under state law. It continues to operate its government under its existing city charter.

Contents

Background

In 1952, in order to fulfill the tremendous electrical needs of an atomic enrichment plant the U.S. Atomic Energy Commission was building in Piketon, Ohio, several investor-owned electrical utilities jointly formed two new energy companies—the Ohio Valley Electric Corporation (OVEC) and the Indiana-Kentucky Electrical Company (IKEC). [1] Each new company built a coal-fired electrical generating plant, the Kyger Creek Power Plant near Gallipolis, Ohio, and the Clifty Creek Power Plant near Madison, Indiana. The Clifty Creek Plant had a generating capacity of 1,303,560 kilowatts, and the Kyger Creek Plant had a generating capacity of 1,086,300 kilowatts. The plants were also connected to the electrical transmission network (the "grid") providing for sales of excess and the purchase of additional power. Both plants began producing electricity in 1955.

Clifty Creek Power Plant

Clifty Creek Power Plant is a 1.3 gigawatt, 1,300 (MW) coal-fired power station located in Madison, Indiana. Clifty Creek is operated by the Indiana Kentucky Electric Corporation. It is named after Clifty Creek, the naming feature for the power plant, which enters the Ohio River nearby.

Madison, Indiana City in Indiana, United States

Madison is a city in and the county seat of Jefferson County, Indiana, United States, along the Ohio River. As of the 2010 United States Census its population was 11,967. Over 55,000 people live within 15 miles (24 km) of downtown Madison. Madison is the largest city along the Ohio River between Louisville and Cincinnati. Madison is one of the core cities of the Louisville-Elizabethtown-Madison metroplex, an area with a population of approximately 1.5 million. In 2006, the majority of Madison's downtown area was designated the largest contiguous National Historic Landmark in the United States—133 blocks of the downtown area is known as the Madison Historic Landmark District.

As the need for electrical power for the atomic plant declined, electrical output from these plants was diverted to domestic use and, in 2003, the affiliation with the United States Department of Energy (DOE) was terminated. The two "sister companies" have merged, with IKEC becoming a wholly owned subsidiary of OVEC, now headquartered in Piketon, Ohio.

United States Department of Energy Cabinet-level department of the United States government concerned with U.S. policies regarding energy and safety in handling nuclear material

The United States Department of Energy (DOE) is a cabinet-level department of the United States Government concerned with the United States' policies regarding energy and safety in handling nuclear material. Its responsibilities include the nation's nuclear weapons program, nuclear reactor production for the United States Navy, energy conservation, energy-related research, radioactive waste disposal, and domestic energy production. It also directs research in genomics; the Human Genome Project originated in a DOE initiative. DOE sponsors more research in the physical sciences than any other U.S. federal agency, the majority of which is conducted through its system of National Laboratories. The agency is administered by the United States Secretary of Energy, and its headquarters are located in Southwest Washington, D.C., on Independence Avenue in the James V. Forrestal Building, named for James Forrestal, as well as in Germantown, Maryland.

In 2018, OVEC joined PJM Interconnection, a regional transmission organization (RTO) to provide additional electricity capacity and integrate its transmission lines. [2]

PJM Interconnection

PJM Interconnection LLC (PJM) is a regional transmission organization (RTO) in the United States. It is part of the Eastern Interconnection grid operating an electric transmission system serving all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia.

Shareholders

The current shareholders of OVEC are:

American Electric Power major investor-owned electric utility in the United States

American Electric Power (AEP) is a major investor-owned electric utility in the United States of America, delivering electricity to more than five million customers in 11 states.

DPL Inc.

DP&L Inc. is a subsidiary of AES Corporation. Through its subsidiaries The Dayton Power and Light Company and DPL Energy Resources, DP&L sells to, and generates electricity for, a customer base of over 500,000 people within a 6,000-square-mile (16,000 km2) area of West Central Ohio, including the area around Dayton, Ohio; its namesake. Electricity for DP&L’s 24 county service area within Ohio’s Miami Valley is primarily generated at eight coal-fired power plants, but DP&L also provides service to its’ clients via the use of combustion turbines, diesel peaking units, and solar powered properties.

AES Corporation American energy company

The AES Corporation is a Fortune 500 company that generates and distributes electrical power. AES is headquartered in Arlington, Virginia, and is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide.

AEP is by far the largest stockholder.

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PPL Corporation

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Rockport Generating Station

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Marble Hill Nuclear Power Plant

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The Portsmouth Gaseous Diffusion Plant is a facility located in Scioto Township, Pike County, Ohio, just south of Piketon, Ohio that previously produced enriched uranium, including weapons-grade uranium, for the United States Atomic Energy program and U.S. nuclear weapons program. The plant is in shutdown status and is in preparation for decontamination and decommissioning (D&D), with some facilities overseen by the United States Enrichment Corporation, a subsidiary of USEC Incorporated, a publicly traded corporation. The D&D work on the older facilities to prepare the site for future use is expected to continue through 2024 and is being conducted by Fluor-B&W Portsmouth LLC.

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References

  1. Ohio Valley Electrical Corporation. "Ohio Valley Electrical Corporation Web Site" (PDF). Retrieved 2009-01-03.
  2. Anderson, Jared (December 3, 2018). "PJM completes Ohio Valley Electric Corp. integration". S&P Global Platts. Retrieved December 6, 2018.