In 1996, the management of G.A.S. Capital, Inc. recognized the growing demand for small power generator packages. To satisfy that need, they created Gas Power Systems in June of that year. The company subsequently developed the 1.2MW Innovator Genset. The Genset utilized an overhauled Lycoming T-53 turbine engine to produce the specific voltage and cycle outputs required by a customer’s application.

The majority interest of this company was sold to American Electric Power (NYSE:AEP), a New York Stock Exchange company in January of 2001. Dan Dickinson and Chuck Cooper retain board positions.