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August 26, 2024

American Electric Power (AEP)

Doubts About Balancing Markets, State Policies in Diverse PJM
In response to a request for comments on paths to reconciling policies and wholesale markets, PJM officials told FERC they are pursuing three initiatives.
ERCOT Board Approves West Texas Transmission Project
ERCOT’s Board of Directors approved the Far West Texas transmission project, which will result in the construction of two 345-kV lines southwest of Odessa.
MISO, PJM Weighing 8 Interregional Tx Proposals
MISO and PJM are evaluating proposed interregional market efficiency projects, but a supplemental project by AEP could undermine most of the proposals.
AEP, Dynegy Swap Merchant Assets
AEP and Dynegy completed the transfer of their stakes in a pair of Ohio coal-fired plants that the two companies own in common.
Q1 Earnings Briefs
Summaries of first-quarter earnings reports for AEP, Xcel Energy and NextEra Energy.
AEP Must Install Scrubbers at Indiana Coal Plant, Court Rules
An appellate court ruled that AEP must bear the billion-dollar cost of installing scrubbers at the Rockport Generating Station in Indiana.
PJM Planning Committee and TEAC Briefs
PJM stakeholders discussed revisions to its targeted market efficiency project process with MISO and a solution to the hazard at PSE&G's Newark substation.
AEP’s Akins Optimistic over Regulated Future
AEP reported fourth-quarter operating earnings of 67 cents/share, up almost 40% from a year earlier.
PJM Planning/TEAC Briefs
The PJM PC discussed the timeline for reviewing tie-line requests and project-selection guidelines while TEAC discussed the definition of "immediate need."
Texas PUC Sets Questions in NextEra-Oncor Merger
The PUCT approved a preliminary order outlining numerous issues NextEra Energy and Oncor must address, while also approving AEP's consolidation.

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