AEP

AEP loses out as regulators reject deal for guaranteed income
AEP / Coal / Energy

AEP loses out as regulators reject deal for guaranteed income

COLUMBUS — “Regulators have rejected American Electric Power Company Inc.’s controversial proposal to guarantee the utility a profit on its stake in a coal-fired Ohio power plant, but they left the door open for future plans. The Public Utilities Commission of Ohio decided Wednesday that a so-called power purchase agreement […]

The Davis-Besse nuclear power plant might not survive, says FirstEnergy, unless its gets special treatment from the PUCO.
AEP / Coal / Energy

PUCO rejects deal to have ratepayers subsidize a coal-fired power plant

COLUMBUS — “The Public Utilities Commission of Ohio made history Wednesday by declining to allow AEP Ohio to have ratepayers subsidize the continued operation of a 1950s-era coal-fired power plant it owns along with FirstEnergy and other state utilities. The decision — immediately applauded by consumer and environmental groups — […]

AEP’s plan for guaranteed coal-plant income rejected
AEP / Energy

AEP’s plan for guaranteed coal-plant income rejected

COLUMBUS — “Ohio utility regulators have rejected an American Electric Power proposal to guarantee income from two coal plants. Regulators said the plan was legal but would not benefit consumers. The coal-plant decision, which is part of a larger AEP rate case mostly approved today, has wide-ranging ramifications. Two other […]

Dynegy lobbying against AEP’s power purchase agreement plan
AEP / Coal / Energy

Dynegy lobbying against AEP’s power purchase agreement plan

COLUMBUS — “American Electric Power Company Inc. (NYSE:AEP) is a stalwart of the Ohio business community, employing thousands throughout the state and in Central Ohio. So when the utility talks about its problems, political heavyweights tend to listen. Dynegy is a new player in the state, last year spending $2.8 […]

AEP power purchase agreement decision expected soon
AEP / Coal / Energy

AEP power purchase agreement decision expected soon

COLUMBUS — “American Electric Power Company Inc. could hear as soon as next week if it’ll be able to go ahead with its controversial proposal to guarantee income from a coal-burning plant. The Public Utilities Commission of Ohio could issue an order as soon as next Thursday on its initial […]

The Davis-Besse Nuclear Power Station at Oak Harbor, Ohio, would have a guaranteed buyer for all its output if the PUCO approves a FirstEnergy plan. Photo by Kathiann M. Kowalski.
AEP / Coal / Duke Energy / Energy / FirstEnergy

Ohio utility “bailouts” could impact capacity market

COLUMBUS — “If some plants will have all costs paid in any case, owners are more likely to offer their megawatts into the capacity auction at lower prices. PJM rules require a minimum price for some new sources of electricity generation. As a general rule, though, existing sources have far […]

American Electric Power says it costs more to produce energy at the Conesville power plant than the utility can recoup on the market. The company is seeking to charge customers a rider to ensure the plant’s viability.
AEP / Duke Energy / Energy / FirstEnergy

Ohio electric utilities seek to push risk to customers

BUCYRUS — “Should Ohio’s electric customers essentially also serve as investors, with the potential gains and losses to follow? That is one of the main questions in front of the Public Utilities Commission of Ohio as it decides whether to allow three of the state’s largest electric utilities to assess […]

Ohioans stand up in force to oppose bailing out old, dirty power plants
AEP / Coal / Duke Energy / Energy / FirstEnergy

Ohioans stand up in force to oppose bailing out old, dirty power plants

CLEVELAND — “Our state and regional leaders should be helping us build a healthy and prosperous future for our families as we transition away from the dirty fuels of the past. They should take advantage of the growing clean energy industry, investing in local economic development and providing programs that […]

About two dozen people showed up near the West Side Market Saturday to draw attention to the public meeting at Cleveland City Hall Tuesday.
AEP / Coal / Duke Energy / Energy / FirstEnergy

Ohio’s anti-green suicide

COLUMBUS — “Swing state Ohio is plunging ever deeper into the fossil/nuke abyss. Its Public Utilities Commission may soon gouge the public for $3 billion (BILLION!) to subsidize two filthy 50-year-old coal burners and America’s most dangerous nuke. Approval would seal Ohio’s death notice. None of those coal/nuke burners can compete […]

AEP’s James A. Gavin Plant in Cheshire, Ohio
AEP / Coal

AEP explores selling its unregulated power plants

COLUMBUS — “Without the unregulated plants, AEP still would own power-generating capacity equal to about 31,000 megawatts outside Ohio. A megawatt can provide for the needs of about 1,000 houses. The potential sale would not include AEP Ohio, which is the local utility that provides electricity delivery and billing to […]