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American Electric Power Co. isn't planning to build any new nuclear power plants because delays will push operational starts to 2020, CEO Michael Morris said Tuesday.

The first permit to build and operate a new U.S. reactor would be delayed by a court challenge that will probably reach the Supreme Court, Morris told reporters in Washington, D.C. Builders would also have to queue for certain parts and face "realistic" costs of about $4,000 a kilowatt, he said.

Instead of nuclear plants, Columbus, Ohio-based AEP is proposing to build advanced coal-fired generation that would be able to capture carbon dioxide emissions.

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