COLUMBUS, Ohio, Dec. 14, 2011 /PRNewswire/ -- Mark Peifer
has been named vice president and assistant to the president of
Ohio Valley Electric Corporation (OVEC), effective Jan. 1, 2012, according to Nicholas K. Akins, president of OVEC and
president and chief executive officer of American Electric Power
(AEP).
"Mark's depth of experience and expertise in the generation
business will serve us well as we continue to provide low-cost
electricity to OVEC's sponsoring companies while maintaining an
exemplary record of safety and environmental performance," Akins
said.
Peifer will be responsible for all OVEC activities including
operation of 2,386 megawatts of coal-fired generating capacity at
Clifty Creek Station in Madison,
Ind., and Kyger Creek Station in Cheshire, Ohio; 776 circuit miles of
345-kilovolt transmission lines; and the corporation's
environmental and financial activities. He will succeed
Scott N. Smith, who is joining AEP
Transmission as senior vice president of transmission strategy and
business operations.
Peifer has served as vice president of generating assets for AEP
Ohio since 2010 and previously was vice president of generating
assets for Indiana Michigan Power. He joined AEP in 2005 as site
vice president at the Donald C. Cook Nuclear Plant. Prior to
joining AEP, Peifer was in the nuclear power industry at Alliant
Energy's Duane Arnold Energy Center and with the Institute of
Nuclear Power Operations (INPO). He also served as a United States
Navy nuclear submarine officer.
He earned a bachelor's degree in analytical management from the
United States Naval Academy and
completed the Harvard Business School Advanced Management
Program.
OVEC and its wholly-owned subsidiary, Indiana-Kentucky Electric
Corporation, were organized in October
1952 by 15 sponsoring utilities. Parent companies of the
sponsoring utilities are American Electric Power (NYSE: AEP),
Buckeye Power, Inc., DPL, Inc. (NYSE: DPL), Duke Energy Corp.
(NYSE: DUK), FirstEnergy Corp. (NYSE: FE), PPL Corp. (NYSE: PPL),
Vectren Corp. (NYSE: VVC) and Wolverine Power Supply Cooperative,
Inc.
SOURCE Ohio Valley Electric Corporation