CHICAGO -- An Ohio electric utility has asked a state agency to pass a resolution that could lead to the issuance of up to $835 million of tax-exempt and taxable revenue bonds to finance an air pollution scrubber at one of its plants.

Michael Mahoney, a spokesman for American Electric Power, said the investor-owned utility has not decided whether to install a scrubber at its Gavin plant or switch to low-sulphur out-of-state coal. To keep its option for financing a scrubber open, he said, the utility petitioned the Ohio Air Quality Development Authority last month to give preliminary approval to a plan to issue the bonds.

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