AEP

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

American Electric Power reaffirms plans to cut coal generation, increase renewables

Daily Energy Insider: American Electric Power (AEP) is planning to close coal plants and increase capital investments in renewables to balance its portfolio and reduce risk, AEP Chairman, President and CEO Nicholas Akins said at the Edison Electric Institute Financial Conference held this week in San Francisco. The company plans to invest $33 billion in […]

November 16, 2018 Read More →
IEEFA update: Another Texas coal-plant closing, another market signal

IEEFA update: Another Texas coal-plant closing, another market signal

Change continues apace in one of the biggest electricity markets in the U.S.

American Electric Power’s confirmation this week that it plans to close its majority-owned 650-megawatt Oklaunion coal plant in Texas by 2020 may have surprised some people—particularly some policymakers in Washington. The plant is only 31 years old, which is well below the average age for the U.S. coal fleet. And as recently as 2013 it […]

September 28, 2018 Read More →

AEP seeks regulatory approval for 400MW of solar

Renewables Now: U.S. utility American Electric Power Company Inc said Thursday its unit in Ohio is seeking the green light from the Public Utilities Commission of Ohio (PUCO) for 400 MW of new solar capacity. Through a request for proposals (RfP), AEP Ohio has awarded power purchase agreements (PPAs) to Hecate Energy Highland LLC’s 300-MW […]

September 28, 2018 Read More →

AEP will close 680MW Texas coal plant in 2020

Houston Chronicle: A north Texas coal-fired power plant will shut down in 2020 after it couldn’t make money in the Texas power market. The nearly 700 megawatt Oklaunion plant near Vernon couldn’t compete in the market run by the Electric Reliability Council of Texas or ERCOT said AEP Texas spokesman Greg Blair. “The owners voted […]

September 25, 2018 Read More →

AEP’s Akins: Distributed resources offer less risk, same returns

S&P Global Market Intelligence ($): Building large-scale generation like the Vogtle nuclear plant expansion represents a “significant challenge” in today’s market, American Electric Power Co. Inc.’s CEO said Aug. 16, adding that those ventures do not align with his company’s investment thesis. During a CNBC interview, Chairman, President and CEO Nick Akins said that in […]

August 20, 2018 Read More →

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 →