American Electric Power moves to buy 1GW in US southwest wind and solar in $2.2bn swoop Developer American Electric Power (AEP) is seeking approval from regulators in US states of Arkansas, Louisiana, and Texas to buy a trio of renewable energy projects totalling just under 1GW of capacity, including one of the largest PV arrays … Continue reading American Electric Power moves to buy 1GW in US southwest wind and solar in $2.2bn swoop
AEP’s renewable buildout has flexibility to handle uncertainty in the solar market AEP expects to spend about $8.2 billion from 2022 through 2026 as part of its plan to shift its generating fleet to about half renewable energy by the end of the decade, according to the Columbus, Ohio-based company’s earnings presentation. To help get … Continue reading AEP ’s renewable buildout has flexibility to handle uncertainty in the solar market
AEP Will Shed Kentucky Operations in $2.9B Sale American Electric Power (AEP) is shedding its Kentucky-based assets—including its longstanding regulated utility Kentucky Power and transmission business AEP Kentucky Transco—to better position itself to invest in projects that will support a resilient, cleaner energy system. The Columbus, Ohio, headquartered company on Oct. 26 announced it has … Continue reading AEP Will Shed #Kentucky Operations in $2.9B Sale
AEP Completes Sale of Fossil-Fueled Power Plants in PJM LCG, January 31, 2017–American Electric Power (AEP) yesterday completed the sale of four competitive power plants to Lightstone Generation LLC, a joint venture of Blackstone and an affiliate of ArcLight Capital Partners LLC, for approximately $2.1 billion. The four, fossil-fueled energy facilities are located in the … Continue reading AEP Completes Sale of Fossil-Fueled Power Plants in PJM
Aug 3, 2015, 10:29am EDT The new leader of FirstEnergy Corp. (NYSE:FE) would re-regulate Ohio’s electric industry “in a heartbeat” if he could. American Electric Power Company Inc.’s chief executive won’t go that far. Read the full article at Columbus Business First.
By Robert Walton | July 27, 2015 Dive Brief: American Electric Power officials last week said a recent decision by federal officials to alter auction rules for PJM Interconnection is “troubling,” because markets should be consistent and predictable. Last week FERC directed PJM to include demand response and efficiency providers in its upcoming auctions, and … Continue reading AEP: PJM market changes create challenging environment for generators