(04/16/2010)
The market for electricity continues to decline.

With the sale of electricity down, American Electric Power is announcing a major reduction in force.

Opponents of the behemoth billion dollar-plus PATH project have been claiming the need to generate new electricity in power plants in WV is far overstepping a market need.

AEP is reducing about 10% of their workforce.

President and CEO, Mike Morris, announced Wednesday a dramatic reduction in sales explaining the need to trim the workforce.

The AEP reduction could impact almost 300 West Virginia workers at Appalachian Power with buy-outs.P> If the voluntary buyouts don't work, AEP will look at other options and couldn't rule out the possibility of involuntary layoffs.


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