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
, and Kyger Creek Station in
; 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
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