American Electric Power (AEP)
PJM asked FERC not to order changes to the RTO’s minimum offer price rule before May’s Base Residual Auction.
The Public Utiities Commission of Ohio (PUCO) unanimously approved modified versions of two controversial power purchase agreements for AEP and FirstEnergy.
PJM joined more than a dozen other parties in calling for a FERC review of power purchase agreements that would provide FirstEnergy and AEP a guaranteed return for their struggling generating stations in Ohio.
Despite posting a decrease in revenue and missing analysts’ predictions, AEP reported a 145% increase in fourth-quarter earnings.
FERC denied AEP's request for a waiver of nonperformance penalties under PJM’s Capacity Performance construct for delivery year 2019/20.
Independent power producers and EPSA jointly filed complaints with FERC against power purchase agreements FirstEnergy and AEP have proposed to Ohio.
Dynegy has entered the Ohio power purchase agreement fray, floating an offer to PUCO that it said would save consumers in the state $5 billion.
Exelon has joined the opposition to FirstEnergy's attempts to win guaranteed payments for its Ohio power plants.
PJM said AEP's proposed PPA needs changes to preserve competition.
PJM said it will weigh in on the controversial power purchase agreements AEP and FirstEnergy negotiated with PUCO staff.
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