AEP Sells 2,000 Acres to Nucor for $4 Billion Steel Mill Project in West Virginia

Reuters
Sep 25
AEP Sells 2,000 Acres to Nucor for $4 Billion Steel Mill Project in West Virginia

**AEP Sells Land to Nucor for $4B Steel Mill Project in West Virginia** American Electric Power Company Inc. $(AEP)$ has completed the sale of approximately 2,000 acres of land in Mason County, West Virginia, to Nucor Corporation. The transaction supports Nucor's construction of a $4 billion steel sheet mill, the largest capital investment in West Virginia history. AEP is also building a new substation nearby to provide 345-kV electric service to the facility. The Nucor mill is expected to begin operations in 2027 and will become Appalachian Power's largest customer.

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