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July 22, 2024

American Electric Power (AEP)

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FERC Orders Two Ohio Utilities Ineligible for RTO Adder
FERC rescinded RTO participation incentives for two AEP affiliates on the grounds that Ohio law compels transmission owners to participate in an RTO.
FERC
FERC-DOE Technical Conference Considers New Standards for Supply Chain Threats
Supply chain threats have evolved since FERC directed NERC to develop standards covering them, but there's no consensus on whether they should be updated.
Entergy
FERC Approves Penalties in SERC, RF Footprints
Entergy will have to pay SERC $60,000 in penalties for violating NERC reliability standards, according to a Spreadsheet Notice of Penalty for September.
SPP
SPP Congestion-hedging Recommendations Gain Traction
SPP is pushing a hybrid approach to its congestion-hedging process by first equitably allocating congestion rights and then increasing the pool of awards.
Electric cat, CC BY-SA 3.0, via Wikimedia Commons
Suitors Line up for AEP’s Unregulated Renewable Assets
Wall Street has reacted to earnings releases from AEP, NextEra Energy and Xcel Energy by increasing their share prices in the following days.
FERC
Transmission Owners, RTOs Defend Planning, Cost Control Practices
Transmission owners found themselves on the defensive throughout FERC's technical conference on transmission planning and cost management.
Kentucky Power
AEP Accepts Lower Price for Kentucky Operations Sale
AEP and Liberty Utilities have struck an amended sale agreement that cuts the price of AEP Kentucky operations by $200 million and extends the deal's timeline.
PJM
Illinois Climate Bill Could Force $2B in Transmission Upgrades, PJM Says
Illinois’ climate goals could cost other states in PJM and MISO tens of millions in transmission upgrades as coal and natural gas power plants are retired.
AEP
Akins Steps down as AEP President; Sloat to Become CEO
AEP announced that CEO Nicholas Akins has resigned from his role as president of the company and been replaced by its current CFO, Julie Sloat.
AEP
Load Growth Boosts AEP Earnings
Boosted by load growth that has returned to pre-pandemic levels, American Electric Power told financial analysts that the company is building on the momentum.

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