RICHMOND, Va. — Virginia regulators have approved Appalachian Power’s request to acquire the remaining portion of a West Virginia power plant.
The State Corporation Commission on Wednesday said the company could buy the part of the coal-fired, 2,900-megawatt John Amos facility that it did not already own from an affiliate company.
Appalachian Power already owns two of the units at the power station in Winfield, W.Va. The move approved Wednesday will allow it to buy the rest of a third unit for $565 million.
Regulators, however, rejected the company’s request to buy have of the Mitchell coal-fired generating plant in Moundsville, W.Va., for $536 million.
The SCC also approved Appalachian Power’s request to merge with Wheeling Power.
West Virginia regulators also must weigh in on the requests.