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August 26, 2024

American Electric Power (AEP)

Baker Concrete
AEP Ohio Rate Plan Excludes Merchant Generation
AEP Ohio proposed a new retail rate plan that would more than triple residential customers’ fixed charges but doesn't include subsidies for its merchant generation.
AEP Turns Away from Generation to Transmission, PPAs
American Electric Power (NYSE:AEP) reported a $766 million third-quarter loss after writing down the value of its generation by $2.3 billion.
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MOPC Rejects Z2 Waivers; Task Force Seeks Changes
SPP stakeholders once again took up the issue of Z2 waivers at last week's MOPC, and once again, the discussion was lively.
SPP Markets and Operations Policy Committee Briefs
The SPP Markets and Operations Policy Committee endorsed a 41% increase in a delayed 345-kV project along the Red River in southeastern Oklahoma as reasonable and reset the project’s baseline.
Overheard at the 8th Annual Transmission Summit West
Transmission industry owners, operators, generators, regulators, financiers and other key players from the Western U.S. attended Infocast’s 8th annual Transmission Summit West.
Blackstone, ArcLight to Purchase AEP Merchant Plants for $2.2B
AEP (NYSE:AEP) has reached a deal to sell more than 5,000 MW of Ohio and Indiana merchant generation to The Blackstone Group (NYSE:BX) and ArcLight Capital Partners for about $2.2 billion.
AEP Nearing Decision on Ohio Power Plants
American Electric Power (NYSE: AEP) has nearly completed the bidding process to sell more than 5,000 MW of merchant generation in Ohio and Indiana.
PJM OKs $636M in Tx Projects, Including its Largest Market Efficiency Proposal
The PJM Board OKd more than $636 million in transmission projects, including a $320 million market efficiency project — its largest ever
Akins: AEP Wants Only Partial Restructuring of Ohio Market
American Electric Power CEO Nick Akins said last week that AEP is seeking only a partial “restructuring” of Ohio’s energy market.
SPP Cancels First Competitive Tx Project, Citing Falling Demand Projections
The 1st competitive SPP project under FERC Order 1000, approved by the BOD with some fanfare in April, is being cancelled due to falling demand projections. 

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