The Ohio Valley Electric Corporation (OVEC) is a company jointly owned by several parent electrical utilities. It is headquartered in
Piketon, Ohio
Piketon is a village in Pike County in the U.S. state of Ohio, along the Scioto River. The village is best known for the uranium enrichment plant located there, which is one of only three such plants in the United States. The population was 2,1 ...
. 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
Clifty Creek Power Plant is a 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, which enters the Ohio River nearby.
Background
F ...
near
Madison, Indiana.
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
Piketon is a village in Pike County in the U.S. state of Ohio, along the Scioto River. The village is best known for the uranium enrichment plant located there, which is one of only three such plants in the United States. The population was 2,1 ...
, several investor-owned electrical utilities jointly formed two new energy companies—the Ohio Valley Electric Corporation (OVEC) and the Indiana-Kentucky Electrical Company (IKEC). Each new company built a coal-fired electrical generating plant, the
Kyger Creek Power Plant near
Gallipolis, Ohio, and the
Clifty Creek Power Plant
Clifty Creek Power Plant is a 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, which enters the Ohio River nearby.
Background
F ...
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.
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.
In 2018, OVEC joined
PJM Interconnection, a
regional transmission organization (RTO) to provide additional electricity capacity and integrate its transmission lines.
Shareholders
The current shareholders of OVEC are:
*
American Electric Power (AEP)
**AEP Ohio (assuming operations of former Columbus Southern Power Company)
**Indiana Michigan Power
*Buckeye Power Generating
*
Dayton Power and Light Company (subsidiary of
AES Corporation)
*
Duke Energy
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina.
Overview
Based in Charlotte, North Carolina, Duke Energy owns 58,200 megawatts of base-load and peak generation in ...
Ohio (formerly
Cincinnati Gas & Electric / Cinergy)
*
LG&E and KU Energy (subsidiary of
PPL)
**
Louisville Gas and Electric Louisville Gas & Electric (LG&E) is a utilities company based in Louisville, Kentucky. A subsidiary of PPL Corporation through the LG&E and KU Energy subsidiary, LG&E serves over 429,000 electric and over 333,000 natural gas customers, covers an are ...
**
Kentucky Utilities
*
FirstEnergy
FirstEnergy Corp is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison acquired Centerior Energy in 1997. Its subsidiaries and affiliates are involved in the distribution, transmission, and generation of electri ...
**Monongahela Power (through former subsidiary
Allegheny Energy)
**Ohio Edison
**Toledo Edison
*
Vectren South (formerly Southern Indiana Gas and Electric Company)
*Peninsula Generating Cooperative
AEP is by far the largest stockholder.
References
{{reflist, 1
External links
Electric power companies of the United States