American Electric Power (AEP)
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 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
Wall Street has reacted to earnings releases from AEP, NextEra Energy and Xcel Energy by increasing their share prices in the following days.
Transmission owners found themselves on the defensive throughout FERC's technical conference on transmission planning and cost management.
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.
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AEP announced that CEO Nicholas Akins has resigned from his role as president of the company and been replaced by its current CFO, Julie Sloat.
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.
Powerful June storms and demand surges in central Ohio forced AEP to cut power to 150,000 customers to prevent further system damage, company executives say.
AEP Ohio told PJM vegetation was a likely cause of the transmission failures that left more than 240,000 customers without power after storms in June.
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