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December 25, 2024

American Electric Power (AEP)

Waymarking
MISO, SPP Ordered to Resolve Overlapping Charges
FERC ruled last week that pseudo-tied loads and resources between MISO and SPP are subject to overlapping congestion charges.
AEP CEO Calls for More Stringent Reliability Measures
American Electric Power CEO Nick Akins called for stepped-up reliability measures following a winter storm that ravaged the Texas grid.
CIP Compliance: Don’t ‘Boil the Ocean’
After a three-month delay because of the pandemic, CIP-013-1 took effect, starting the 18-month compliance period for stakeholders.
ITC Recounts Derecho Response at NERC Conference
The August 2020 derecho caused $7.5 billion in damage and led ITC Holdings to seek mutual aid for the first time in its history.
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AEP: ‘Light at the End of the Tunnel’
AEP reported third-quarter earnings of $749 million ($1.51/share), compared with earnings a year ago of $734 million ($1.49/share).
Indiana City Wins Ruling on Station Power
FERC ruled generating facilities that are not online and producing energy must pay for their station power at retail rates subject to state jurisdiction.
AEP Becomes 4th Utility to Join Nasdaq
AEP will become at least the fourth major U.S. utility to switch its stock listing from the New York Stock Exchange to the Nasdaq Stock Market.
Akins: AEP’s Actions ‘Lawful, Ethical’
AEP's CEO said federal investigators have not contacted the company about an alleged bribery scheme and defended AEP’s contributions to a nonprofit.
Report: Evergy Calls Off Sale, Stock Slides
Evergy has decided to remain single after dalliances with several potential acquisition partners, according to a published report.
UPDATE: FirstEnergy, AEP CEOs Deny Wrongdoing
AEP CEO Nick Akins said that his company is innocent of wrongdoing in the alleged bribery scheme that resulted in the passage of Ohio H.B. 6, echoing a similar protestation by FirstEnergy CEO Charles Jones.

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