Ohio Valley Electric Corporation
| Company type | Private |
|---|---|
| Industry | Electric utility |
| Founded | 1952 |
| Headquarters | Piketon , United States |
| Products | Electricity generation |
| Parent | Multiple parent electric utility companies |
The Ohio Valley Electric Corporation (OVEC), with its main office located in Piketon, Ohio, is collectively owned by multiple parent electric utility companies. OVEC, along with its fully owned subsidiary, Indiana-Kentucky Electrical Corporation (IKEC), manages two coal-powered generation facilities: the Kyger Creek Power Plant situated near Gallipolis, Ohio, and the Clifty Creek Power Plant close to Madison, Indiana.
Background
Established in 1952 by investor-owned utilities to supply electricity to an atomic enrichment facility in Piketon, Ohio, both OVEC and IKEC constructed coal-fired power stations. The Clifty Creek facility has a generation capacity of 1,303,560 kilowatts, whereas Kyger Creek can produce 1,086,300 kilowatts. These plants commenced operations in 1955 and are integrated into the electrical grid to facilitate power transactions.
Following a reduction in electricity needs from the atomic plant, the energy output was redirected towards serving domestic consumers. OVEC discontinued its partnership with the United States Department of Energy (DOE) in 2003. Subsequently, the two corporations consolidated, resulting in IKEC becoming a wholly owned subsidiary of OVEC.
In 2018, OVEC became a member of PJM Interconnection, a regional transmission organization (RTO), thereby improving its electricity capacity and transmission network integration.
The ownership of OVEC comprises:
- American Electric Power (AEP) — the principal shareholder
- AEP Ohio (successor to Columbus Southern Power Company)
- Indiana Michigan Power
- Buckeye Power Generating
- Dayton Power and Light Company (a subsidiary of AES)
- Duke Energy Ohio (formerly known as Cincinnati Gas & Electric / Cinergy)
- LG&E and KU Energy (under PPL ownership)
- FirstEnergy
- Monongahela Power (acquired through former Allegheny Energy)
- Ohio Edison
- Toledo Edison
- Vectren South (previously Southern Indiana Gas and Electric)
- Peninsula Generating Cooperative