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August 26, 2024

American Electric Power (AEP)

AEP’s Akins: PUCO Stalling on Income Guarantee Plan
AEP celebrated increased second-quarter profits last week, but the company said it still needs the PUCO to approve the so-called “guaranteed rate” plan to support its generating plants.
SPP Frustrated over Transmission Project Overruns
SPP members approved four over-budget transmission projects and sent three others back to the drawing board amid widespread criticism of the process used to estimate project costs.
Talen Entering NYISO in $1.2B Deal
Talen Energy announced its first post-spinoff acquisition that expands the company’s presence in ISO-NE and marks its entry into NYISO.
PJM Delays Vote on Capacity Performance Rules
PJM on Thursday delayed a vote on manual changes for the Capacity Performance plan, sidestepping a potential confrontation with anxious stakeholders.
Cold Weather, Low Gas Prices Drive AEP Earnings
Record cold weather and falling natural gas prices helped push AEP’s first quarter earnings up 12%.
MISO-PJM Cross-Border Projects Still Languishing, NIPSCO Says
More than a decade after the MISO-PJM seam was formed, no cross-border projects have been approved and built, NIPSCO said.
Company Briefs
This week's company briefs include AEP, Xcel, Dominion, Direct Energy, PECO, Exelon, NRG and General Electric.
MATS Challenge Too Late for Targeted Coal Plants
AEP and FirstEnergy's plans to shut down coal-fired generation under the EPA’s MATS won't change even if the Supreme Court throws out the standards.
Dynegy Wins FERC OK for $6.25B Duke, Energy Capital Partners Generation Deals
FERC approved the purchase of 12,500 MW of generation from Duke Energy and Energy Capital Partners by Dynegy, the final approval needed for both deals.
Company Briefs
This week's company briefs include news on Tennessee Valley Authority, Xcel Energy, AEP, FirstEnergy, Dominion, PSEG and NextEra.

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