AEP to cut more than 2,000 jobs
Spokeswoman Melissa McHenry says the utility, based in Columbus, Ohio, has given workers until the end of the month to make a decision. AEP says it will resort to layoffs if there are too few takers.
The economic downturn has hurt power providers because demand for electricity has slumped.
AEPs sales dropped 6 percent in 2009, including a decline of nearly 16 percent for industrial customers.
AEP employees learned of the buyout offer in a letter from CEO Michael Morris.
CEO Mike Morris has said the company sees a modest turnaround happening this year, but most economists predict any broad economic recovery will be slow.
That could affect hiring at industrial companies and also for power providers like AEP, which deliver electricity.
AEP is one of the nations largest power generators, with more than 5 million customers.
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Alberta sets new electricity usage record during deep freeze
CALGARY - Albertans are cranking up their thermostats and blasting heat into their homes at overwhelmingly high rates as the deep freeze continues.
It’s so cold that the province set a new all-time record Tuesday evening for electricity usage.
According to the Alberta Electric System Operator (AESO), 11,729 MW of power was used around 7 p.m. Tuesday, passing the previous record set in January of last year by 31 MW.
Temperatures reached a low of -29 C in Calgary on Tuesday while Edmonton saw a low of -30 C, according to Environment Canada. Wind chill made it feel closer to -40.
“That increase —…
