Power company of the future? For Michael Morris, CEO of American Electric Power, "10 years from now we look very much like we look today." Coal still the dominant source of power, because customers in AEP territory want power that is "reliable and cost-effective. Period." The coal will be cleaner, though.
On a CEO panel at Platts Global Power Markets Conference in Las Vegas today, Morris said policymakers continue to make "fashionable undertakings" like the smart grid, he said, and AEP is "happy to do it if it's free." Basically, though, he said different states and regions will do what fits their cultures, resource bases and economies.
Whoa, said NRG Energy CEO David Crane.
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