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S&P Global Market Intelligence ($): American Electric Power Co. Inc. could shut down both units at its massive Rockport coal plant in Indiana before the end of 2028 after reaching a settlement agreement with numerous parties, including consumer and environmental advocates. AEP utility Indiana Michigan Power Co. and wholesale subsidiary AEP Generating Co. agreed to […]
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West Virginia Public Broadcasting: The Virginia Corporation Commission on Monday rejected Appalachian Power’s plan to keep the John Amos and Mountaineer power plants in West Virginia operating through 2040. The commission denied the company permission to make wastewater treatment upgrades at the plants and pass the cost on to electric power customers in the state. […]
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E&E News ($): The battle to control Ohio’s energy mix has been noisy and partisan since 2008, when the Legislature adopted an alternative energy standard. More recently, Ohio has been rocked by a public corruption scandal that’s still unfolding (Energywire, July 23). As the political dust settles, fallout from the passage and repeal of a […]
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Charleston Gazette-Mail: Kentucky state utility regulators have dealt a blow to plans to keep a Marshall County coal-fired generating plant operating until its planned retirement date of 2040. The Kentucky Public Service Commission issued an order Thursday rejecting Kentucky Power’s request for a certificate to implement and recover costs for federally required environmental upgrades at […]
Dennis Wamsted and Seth Feaster
Consumers Energy, TVA among utilities planning full exits from coal
There is an inverse S-curve developing in the U.S. coal generation sector, with announced plant retirements expanding rapidly as utilities and independent power producers adjust to the influx of cleaner and cheaper wind, solar and battery storage resources disrupting the electric system. IEEFA data shows that just since March, the generating capacity of coal plants […]
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Bloomberg ($): Invenergy and American Electric Power Co. started up a Nevada solar array that will provide 90% of the daytime power for 13 MGM Resorts International properties in Las Vegas. The 100-megawatt solar farm can produce enough electricity to power the equivalent of 27,000 homes and is projected to operate for 35 years, Invenergy […]
Dennis Wamsted and Seth Feaster
Pre-Biden changes underscore coming 10-year wave of coal plant retirements
The traditional S-curve growth exhibited by disruptive technologies, often cited when game-changing consumer devices, such as smartphones, take over markets and rapidly push older products out, is just as valid to describe how wind turbines and solar PV generation are shaking up U.S. power markets. This S-curve is marked by several key phases in the […]
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E&E Energywire ($): A $1 billion Midwest solar project that could be the largest in the U.S. has reached a long-term agreement to sell power to a subsidiary of utility giant American Electric Power Co. AEP Energy, the competitive energy supplier subsidiary, announced the power purchase agreement yesterday with the developer of the Indiana solar […]
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Power Technology: Renewable energy developer Invenergy has secured construction financing for its 999MW Traverse Wind Energy Center in Oklahoma, US. Traverse Wind Energy Center is the largest of three wind facilities under development by Invenergy for American Electric Power. The wind farm is situated in Custer, Blaine, and Kingfisher counties of Oklahoma. Collectively, the three […]
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S&P Global Market Intelligence ($): American Electric Power Co. Inc. subsidiary Appalachian Power Co. issued a request for proposals for up to 300 MW of solar and wind generation resources. The call is the first in a series of requests for proposals that the company will issue in 2021 to comply with provisions of the […]
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 StateWe’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 […]