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

IEEFA U.S.: Investors would best avoid two proposed Virginia combined-cycle gas plants

IEEFA U.S.: Investors would best avoid two proposed Virginia combined-cycle gas plants

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 […]

December 23, 2020 Read More →
IEEFA U.S.: Coal plants close as renewable energy construction rises

IEEFA U.S.: Coal plants close as renewable energy construction rises

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 […]

November 20, 2020 Read More →

American Electric Power to take 1,633MW of coal capacity in Texas offline by 2028

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 […]

November 6, 2020 Read More →

AEP CEO says company on ‘precipice’ of renewable energy transformation

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 […]

October 23, 2020 Read More →

U.S. installs 2,617MW of wind power in first quarter, additional 13,383MW under construction

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 […]

June 19, 2020 Read More →

AEP CEO: Ratepayers will save $3 billion from utility’s investment in new Oklahoma wind projects

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 […]

May 28, 2020 Read More →

American Electric Power takes last unit at Conesville coal plant offline

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 […]

May 1, 2020 Read More →

Solar developers see profitable potential in coal-reliant Indiana

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 […]

April 21, 2020 Read More →

Morgan Stanley: 47GW of U.S. coal capacity to be uneconomic by 2024

S&P Global Market Intelligence ($): Morgan Stanley & Co. LLC sees a $64 billion spending opportunity on top of double-digit earnings accretion for more than a dozen utilities that decide to retire uneconomic coal plants and replace them with cheaper renewables by 2025. “We compared the costs of operating each coal plant against our state-by-state […]

February 18, 2020 Read More →

Oklahoma utility makes it official, 650MW Oklaunion coal plant to close in October

RTO Insider: Public Service Company of Oklahoma formally notified ERCOT on Tuesday that it will retire the coal-fired Oklaunion Power Station in the Texas Panhandle. PSO filed a notification of suspension of operations for the plant, effective Oct. 1. Market participants have until Feb. 11 to file comments before the grid operator makes a final […]

January 23, 2020 Read More →