A report from the Trump administration's coal council casts a pair of 70-year-old coal plants as vital to the grid, though they actually lose money for electricity customers. Appalachian Power's parent company, American Electric Power, owns the largest stake in the Ohio Valley Electric Corp., or OVEC. "With proper reinvestment, coal power plants can continue to operate efficiently and economically far beyond their initial planned life," the coal council's report reads. Ohio lawmakers last year repealed a scandal-tainted law that bailed out the coal plants with a surcharge on customer bills. AEP is the parent company of Kentucky Power, which operates in 20 Eastern Kentucky counties.