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APCo Drops Black Diamond Power Bid | Charleston News

Appalachian Power has walked away from its bid to buy Black Diamond Power after discovering the company is also in talks with another buyer. The deal was already in flux, but APCo’s exit comes as the Public Service Commission continues its investigation into Black Diamond’s service issues — a probe that began last fall following customer complaints. Negotiations between APCo and Black Diamond’s owner, David Musser, had been underway since February, but no final agreement was reached by the April deadline. Now, all eyes are on a September 21st meeting where the commission will decide next…

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