AEP

The list of 181 CEOs who earlier this week moved to publicly degrade shareholder value in a bid to redefine the “purpose of a corporation” includes several chief executives from power companies.  The Aug. 19 statement issued by the Business Roundtable, an association of CEOs “to promote a thriving U.S. economy and expanded opportunity for […]

A federal judge in Ohio on July 18 approved American Electric Power’s (AEP’s) plan to close Unit 1 of its two-unit, 2,600-MW coal-fired Rockport Plant in Indiana. The modified consent decree approved by the U.S. District Court for the Southern District of Ohio on Thursday is the latest chapter in a long-running dispute among AEP, […]

Sempra Energy on April 22 marked its complete exit from the U.S. renewables business as it completed the sale of 724 MW of operating wind generation and battery assets to American Electric Power (AEP) for $1.05 billion.  The San Diego–headquartered utility holding company, which says it has the largest U.S. customer base, said the move […]

Despite higher taxable income and pressure on balance sheets, capital spending by regulated utilities will remain elevated—and much of it will be dedicated to replacing aging infrastructure, hardening or efficiency-boosting measures, and on renewables and environmental projects, said Moody’s Investors Service in a recent sectoral briefing.  The credit ratings agency for the first time this […]

American Electric Power (AEP) this week confirmed it will close its coal-fired Conesville Power Plant in Ohio earlier than originally planned. An AEP spokesperson in an email to media confirmed the plant’s workers were told October 5 that the plant will close by May 31, 2020. AEP said Units 5 and 6 at the plant, […]

American Electric Power (AEP) has abandoned its mammoth $4.5 billion Wind Catcher project, one of its largest planned investments, and a key part of its strategy to tamp down carbon emissions by 2030. Under AEP subsidiary Southwestern Electric Power Co. (SWEPCO)’s proposed Wind Catcher project, AEP would have acquired a 2-GW wind farm—under construction in […]

American Electric Power’s (AEP’s) proposed $4.5 billion Wind Catcher Energy Connection project—the largest single-site wind project in the nation—has garnered approval from the Louisiana Public Service Commission (LPSC).  The LPSC on June 20 approved a settlement agreement related to the project, which is proposed by AEP subsidiary Southwestern Electric Power Co. (SWEPCO). Under the proposal, […]

The Trump administration’s attempt to prop up uneconomic “fuel secure” generators in competitive markets is just the latest in a string of recent “extra-market” interventions that experts said imperil independent organized markets for electricity. In a recent white paper, Raymond Gifford and Matthew Larson, energy partners at Wilkinson Barker Knauer LLP, said the restructured administrative […]

The generating fleets owned by some of the largest companies in the U.S. (ranked here by capacity in 2017) have transformed over the past four years, in some cases dramatically, as total revenues fluctuated. Sources: Fidelity Investments (revenue data standardized by S&P Capital IQ); EIA-860 detailed data; SEC 10-K filings, and company websites. —Copy and artwork by Sonal Patel, a […]

American Electric Power (AEP), one of the nation’s largest power generators, will pursue a strategy to reduce its carbon dioxide (CO2) emissions by 60% from 2000 levels by 2030, and 80% from 2000 levels by 2050. AEP expects to achieve carbon reductions through a variety of actions, including investments in renewable generation and advanced technologies […]