Alban named vice president at Buckeye Power

Tom Alban has been named vice president of Power Generation for Buckeye Power. “Tom will lead our efforts to assure a clean, safe, economic and competitive generation supply from our investments in Cardinal Station, OVEC, Greenville and Mone plants. Managing our power generation resources today presents a variety of challenges that Tom and his team, with […]

Grooms named vice president at Buckeye Power

Craig Grooms has been named the vice president of Market Operations for Buckeye Power. “Craig will lead our efforts to assure Buckeye receives a reliable and economic supply of power from our resources within the constraints that the PJM market and the Ohio transmission owners allow,” Buckeye Power Senior Vice President Pat O’Loughlin said. “His team […]

Fitch affirms Buckeye Power’s ‘A’ rating

Fitch Ratings has released its annual report on Buckeye Power’s revenue bonds and affirmed Buckeye’s ‘A’ rating. The outstanding senior secured bonds affirmed include: $17.9 million Ohio Air Quality Development Authority (Buckeye Power, Inc. Project), series 2003; $11.8 million Ohio Water Development Authority, series 2004; and $73 million Ohio Air Quality Development Authority, series 2010. Some of […]

Cold snap brings record electricity demand

Load control efforts were rolled out this week as sub-zero temperatures blanketed Ohio and much of the PJM region. Buckeye Power reached an all-time high Monday night and the 13-state area served by grid operator PJM set two winter records on Tuesday. Ohio’s electric cooperatives used an estimated 1,789 megawatts of electricity for the hour ending […]

Standard & Poor’s issues ‘stable’ rating for Buckeye Power

Standard & Poor’s has affirmed its A-/Stable credit rating for Buckeye Power and Buckeye Power Generating LLC. “The stable outlook reflects our view that after a prolonged period of week results, financial metrics for fiscal 2013 support the rating,” the S&P report stated. “Buckeye’s projections indicate improvement in the next several years.” The report said Buckeye Power’s credit […]

Buckeye Power elects officers, executive committee members

Members of Buckeye Power elected representatives to the Executive Committee and the cooperative’s officers at the annual meeting. The generation-and-transmission cooperative’s leadership remains unchanged. Steve Nelson (Frontier Power) remains as chairman, a position he has served in since 1996. Mike Sims (Butler Rural Electric Cooperative) was elected vice chairman, Roger Yoder (Union Rural Electric) was […]