Picway Power Plant
AEP: 468-Acre Retired Coal-Fired Power Plant
Project Overview: In 2016, CDC purchased the Picway Power Plant, a 468-acre retired AEP coal-fired power plant outside Columbus, OH. ELT agreed to assume legacy environmental liabilities. Decades of coal plant operations prohibited a traditional real estate transaction. An environmental liability transfer and remediation plan proposed by CDC has jumpstarted environmental cleanup and enabled the site to be repurposed for new industrial utilization.