AEP subsidiary to buy Louisiana cooperative
SHREVEPORT, LOUISIANA - A subsidiary of power generator American Electric Power plans to buy a Louisiana electric cooperative for $94 million in a deal expected to save the cooperative's members 20 percent a year on their electricity bills.
Southwestern Electric Power Co. said that the 30,000 members of Valley Electric Membership Corp. will receive $30 million for their stake in the cooperative should the deal be approved. Members likely will vote early next year to dissolve the cooperative.
The cooperative's members are located south of Shreveport. The deal will double the size of Southwestern Electric's geographic footprint in Louisiana and bring economic opportunities along Interstate 49.
The utility has nearly 500,000 customers in Louisiana, Texas and Arkansas.
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Nuclear plant workers cite lack of precautions around virus
HARTFORD - Workers at Connecticut's only nuclear power plant worry that managers are not taking enough precautions against the coronavirus after 750 temporary employees were brought in to help refuel one of the two active reactors.
Ten employees at the Millstone Power Station in Waterford have tested positive for the virus, and the arrival of the temporary workers alarms some of the permanent employees, The Day newspaper reported Sunday.
"Speaking specifically for the guard force, there's a lot of frustration, there's a lot of concern, and I would say there's anger," said Millstone security officer Jim Foley.
Foley, vice president of the local…
