Tuesday, American Electric Power (AEP) awarded Alstom Power contracts worth US$100 million or EUR 70 Million to add power and reliability to its DC Cook 1 and Conesville 4 power plants in the US. American Electric Power will purchase steam turbines from Alstom Power for its DC Cook 1 nuclear power plant in Michigan and its Conesville 4 coal-fired generating unit in Ohio.
The replacement of turbines on these units will bring improved performance and reliability. The value of the contracts is in excess of USD 100 million. At the nuclear DC Cook facility, Alstom will provide three replacement low-pressure nuclear steam turbine rotors for unit 1. At the Conesville 4 unit, Alstom will provide a high-pressure rotor and parts and perform the turbine installation.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.