Ohio Valley Electric Corporation
Encyclopedia
The Ohio Valley Electric Corporation (OVEC) is a company jointly owned by several parent electrical utilities. It is headquartered in Piketon, Ohio
. 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
near Madison, Indiana
.
, 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
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.
American Electric Power Company owns Columbus Southern Power Company and is by far the largest stockholder.
Piketon, Ohio
Piketon is a village in Pike County, Ohio, United States, along the Scioto River. The village is best known for the uranium enrichment plant located there . The population was 1,907 at the 2000 census...
. 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
Kyger Creek Power Plant
Kyger Creek Power Plant is a 1-Gigawatt coal-fired power station at Cheshire, Ohio, USA operated by the Ohio Valley Electric Corporation. Launched into service in 1955, the plant is located at , just downstream along the Ohio River from a much larger, newer coal-fired Gavin Power Plant...
, located near Gallipolis, Ohio
Gallipolis, Ohio
As of the census of 2000, there were 4,180 people, 1,847 households, and 1,004 families residing in the village. The population density was 1,156.2 people per square mile . There were 2,056 housing units at an average density of 568.7 per square mile...
, and the Clifty Creek Power Plant
Clifty Creek Power Plant
Clifty Creek Power Plant is a 1.3-GW coal-fired power station located in Madison, Indiana, USA. Five of its six identical units began operating in 1955, the sixth unit was launched in 1956...
near Madison, Indiana
Madison, Indiana
As of the census of 2000, there were 12,004 people, 5,092 households, and 3,085 families residing in the city. The population density was 1,402.9 people per square mile . There were 5,597 housing units at an average density of 654.1 per square mile...
.
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, OhioPiketon, Ohio
Piketon is a village in Pike County, Ohio, United States, along the Scioto River. The village is best known for the uranium enrichment plant located there . The population was 1,907 at the 2000 census...
, 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
Kyger Creek Power Plant
Kyger Creek Power Plant is a 1-Gigawatt coal-fired power station at Cheshire, Ohio, USA operated by the Ohio Valley Electric Corporation. Launched into service in 1955, the plant is located at , just downstream along the Ohio River from a much larger, newer coal-fired Gavin Power Plant...
near Gallipolis, Ohio
Gallipolis, Ohio
As of the census of 2000, there were 4,180 people, 1,847 households, and 1,004 families residing in the village. The population density was 1,156.2 people per square mile . There were 2,056 housing units at an average density of 568.7 per square mile...
, and the Clifty Creek Power Plant
Clifty Creek Power Plant
Clifty Creek Power Plant is a 1.3-GW coal-fired power station located in Madison, Indiana, USA. Five of its six identical units began operating in 1955, the sixth unit was launched in 1956...
near Madison, Indiana
Madison, Indiana
As of the census of 2000, there were 12,004 people, 5,092 households, and 3,085 families residing in the city. The population density was 1,402.9 people per square mile . There were 5,597 housing units at an average density of 654.1 per square mile...
. 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
United States Department of Energy
The United States Department of Energy is a Cabinet-level department of the United States government concerned with the United States' policies regarding energy and safety in handling nuclear material...
(DOE) was terminated. The two "sister companies" have merged, with IKEC becoming a wholly owned subsidiary of OVEC, now headquartered in Piketon, Ohio.
Shareholders
The current shareholders of OVEC are:- Allegheny EnergyAllegheny EnergyAllegheny Energy is an electric utility headquartered in Greensburg, Pennsylvania. It owns and operates electric generation facilities and delivers electric services to customers in Pennsylvania, West Virginia, Maryland, and Virginia...
- American Electric PowerAmerican Electric PowerAmerican Electric Power is a major investor-owner electric utility in various parts of the United States. AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S...
- Buckeye Power Generating
- Columbus Southern Power Company
- The Dayton Power and Light Company
- Duke EnergyDuke EnergyDuke Energy , headquartered in Charlotte, North Carolina, is an energy company with assets in the United States, Canada and Latin America.-Overview:...
Ohio - Kentucky UtilitiesKentucky UtilitiesKentucky Utilities is based in Lexington, Kentucky and provides electricity to 77 counties in Kentucky. KU also serves five counties in Virginia under the name Old Dominion Power. It is owned by LG&E and KU Energy, LLC, which, in turn, is owned by PPL Corporation.-History:Kentucky Utilities was...
- Louisville Gas & ElectricLouisville Gas & ElectricLouisville Gas & Electric 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 350,000 electric and over 300,000 natural gas customers, covers an area of 700 square miles , and has a total regulated...
- Ohio Edison
- Southern Indiana Gas and Electric Company
- FirstEnergyFirstEnergyFirstEnergy Corp. , is a diversified energy company headquartered in Akron, Ohio. Its subsidiaries and affiliates are involved in the generation, transmission, and distribution of electricity, as well as energy management and other energy-related services...
American Electric Power Company owns Columbus Southern Power Company and is by far the largest stockholder.