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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 ($): American Electric Power Co. Inc. subsidiary Appalachian Power Co. issued a request for proposals for up to 300 MW of solar and wind generation resources. The call is the first in a series of requests for proposals that the company will issue in 2021 to comply with provisions of the […]
Dennis Wamsted
Unneeded projects, if they go forward, will likely end up as stranded assets
Investors should think twice before putting any money into two proposed natural gas-fired combined-cycle power plants in central Virginia. The rapidly moving transition to non-fossil generation resources is almost certain to turn the two plants, which would be only a mile apart, into stranded assets well before the end of their normal life expectancies. The […]
Dennis Wamsted
Two sectors heading quickly in opposite directions
Joe Biden’s win in the U.S. presidential election has sparked thousands of words about coming changes to the electric utility sector; the reality is that the marketplace is already quickly pushing these changes. During the past three weeks, seven utilities have announced plans to close or convert almost 9,500 megawatts (MW) of coal-fired generation across […]
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E&E News: Two major power plants in East Texas will stop using coal within the coming decade, American Electric Power Co. said yesterday. AEP’s Southwestern Electric Power Co. announced the Pirkey plant is slated to retire in 2023, while the company will stop coal operations at the Welsh plant in 2028. AEP owns 1,633 megawatts […]
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S&P Global Market Intelligence ($): American Electric Power Co. Inc. plans to continue investing in clean energy resources to build on its planned acquisition of wind projects in Oklahoma, despite lingering uncertainty from the coronavirus pandemic and the upcoming U.S. elections. “The way I see it is we are just on the precipice of a […]
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S&P Global Market Intelligence ($): The U.S. in the first three months of 2020 added 2,617 MW of wind power capacity, a record amount for a first quarter of any year. According to an analysis from S&P Global Market Intelligence, the U.S. now has 107,801 MW of total installed wind power capacity. That is a […]
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S&P Global Market Intelligence ($): American Electric Power Co. Inc. (AEP) said May 27 it will proceed with a $2 billion investment in 1,485 MW of wind energy resources to be built in Oklahoma following state approval. Also on May 27, the Louisiana Public Service Commission has approved a proposal from AEP subsidiary Southwestern Electric Power […]
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The Columbus Dispatch: An end of an era was reached Wednesday in Conesville as the American Electric Power plant that started in 1957 ceased production of energy. The plant is targeted for decommissioning on May 31, but plant officials reported the last usable coal on site has been sent to the generation unit. A small […]
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S&P Global Market Intelligence ($): Indiana’s Lake County is exploring changes to its land-use rules that could pave the way for the first truly large-scale solar farms in the state and some of the largest in the Midwest. The Lake County Council on April 14 approved a resolution for the county’s Plan Commission to consider […]
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 […]