IEEFA Research

In Ohio, AEP and FirstEnergy Adopt an Audacious Strategy That Could Cost Ratepayers Dearly

In Ohio, AEP and FirstEnergy Adopt an Audacious Strategy That Could Cost Ratepayers Dearly

A Model First Established in West Virginia Is Being Pushed Now in the Buckeye State

We’ve posted a research note today that explains how reregulation schemes in Ohio by FirstEnergy and AEP bear a striking resemblance to one approved in West Virginia that resulted in a recent push to raise electricity rates by 12.5 percent. The gist of our memo, “West Virginia Bailout Emboldens FirstEnergy and AEP in Ohio,” is […]

October 21, 2015 Read More →
Report: Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants

Report: Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants

Mountain State Maneuver: AEP and FirstEnergy try to stick ratepayers with risky coal plants (pdf)      

July 30, 2013 Read More →

More News and Commentary

Texas regulators reject AEP’s Wind Catcher project

Bloomberg: Texas dealt a potential death blow to what would be the largest-ever U.S. wind farm: American Electric Power Co.’s $4.5 billion Wind Catcher project. The Texas Public Utility Commission on Thursday unanimously rejected the project as proposed, saying it doesn’t offer enough benefits for ratepayers as currently structured. American Electric said it was evaluating […]

July 27, 2018 Read More →

AEP sets end-August deadline for Wind Catcher project

Columbus Business First: This quarter will be “definitive” for AEP Corp.’s titanic wind farm project in Texas and Oklahoma. During the second-quarter earnings call, investors repeatedly pushed the Columbus-based energy giant for more detail on where things stand with the $4.5 billion Wind Catcher Energy Connection, which is pending regulatory approvals from the two states. AEP […]

July 26, 2018 Read More →

AEP decision another blow for struggling Westmoreland

S&P Global Market Intelligence ($): Struggling coal miner Westmoreland Coal Co. disclosed that a major Ohio customer will stop buying its coal at the end of the year. A subsidiary of American Electric Power Co. Inc. declined Westmoreland’s bid to supply coal to units at the generator’s Conesville power plant after the current contract expires […]

June 25, 2018 Read More →

Midwestern Mega-Utility, Acknowledging ‘Era of Transformation,’ Announces Clean-Energy Shift

Columbus Dispatch: American Electric Power is announcing targets for reducing carbon dioxide emissions from its power plants, with an ultimate goal of cutting those levels, by 2050, to 80 percent less than they were in 2000. The Columbus-based utility says it is planning to reach the goal by following through on plans to increase use […]

February 8, 2018 Read More →

Decarbonization of U.S. Utility Sector Gains Steam

S&P Global Market Intelligence: As the Trump administration pursues policies to benefit the fossil fuel industry, the trend toward decarbonization among electric utilities in the United States is picking up steam. Shareholders have been pushing for investor-owned electric utilities to be more proactive and transparent when addressing environmental, social and governance risks and several management […]

December 15, 2017 Read More →

American Utility Giant Earmarks $1.8 Billion for Renewable Generation

PV Magazine: American Electric Power (AEP), one of the United State’s largest power companies and one that owns a disproportionate share of coal assets, announced that it will invest $1.8 billion in new renewable energy projects during the 2018-2020 timeframe. This is nearly five times the company’s current investment in renewable energy generation by dollar […]

November 7, 2017 Read More →

IEEFA Update: Something in the Wind

U.S. Nuclear Industry Reconsiders Expansion; Utility Exec Sees Less Risk in Turbine Farm Than Coal; Keystone XL Doesn’t Pencil Out Anymore

It’s de rigueur anymore for energy companies across the board to play up their clean-energy commitments—actual or just advertised—but executives at American Electric Power put some of their money where their mouths were in announcing intentions last week to invest $4.5 billion in the new Wind Catcher farm in Oklahoma. AEP’s logic is rooted in […]

August 4, 2017 Read More →

In $4.5 Billion Wind Project, U.S. Utility Exec Sees a Better Risk Profile Than in Coal

Columbus Business First: American Electric Power Company Inc. is spending big on the largest single-site wind farm in America. The project holds risk, which the Columbus electric utility spent a year analyzing. The risks associated with spending $4.5 billion on the 800-turbine Oklahoma project are still less than those associated with building traditional power plants, […]

August 3, 2017 Read More →
IEEFA Update: The Coal ‘Comeback’ of 2017

IEEFA Update: The Coal ‘Comeback’ of 2017

The Second-Worst Production Performance in at Least 30 Years Isn’t Much of a Bounce

The U.S. coal industry is making a comeback. So goes the story being spun lately by the industry itself, even if the facts of the matter suggest something else. The coal industry points, among other statistical threads, to the latest Short-Term Energy Outlook from the Energy Information Administration, released July 11, as a harbinger of […]

July 28, 2017 Read More →

In $4.5 Billion Wind-Farm Deal, AEP Joins Trend Taking Hold Across U.S. Utility Sector

Bloomberg: There’s a new model emerging for growth-starved utilities looking to profit from America’s solar and wind power boom. American Electric Power Co. is using it for a $4.5 billion deal that’ll land the U.S. utility owner a massive wind farm in Oklahoma and a high-voltage transmission line to deliver the power. NextEra Energy Inc.’s […]

July 27, 2017 Read More →