American Electric Power (AEP)
AEP and Liberty Utilities have struck an amended sale agreement that cuts the price of AEP Kentucky operations by $200 million and extends the deal's timeline.
Illinois’ climate goals could cost other states in PJM and MISO tens of millions in transmission upgrades as coal and natural gas power plants are retired.
AEP announced that CEO Nicholas Akins has resigned from his role as president of the company and been replaced by its current CFO, Julie Sloat.
Boosted by load growth that has returned to pre-pandemic levels, American Electric Power told financial analysts that the company is building on the momentum.
Powerful June storms and demand surges in central Ohio forced AEP to cut power to 150,000 customers to prevent further system damage, company executives say.
AEP Ohio told PJM vegetation was a likely cause of the transmission failures that left more than 240,000 customers without power after storms in June.
AEP Ohio customers accused the utility of racism for cutting power to poor areas of Columbus following a windstorm while continuing service to the suburbs.
More than 200,000 AEP customers in Ohio lost power after storms damaged multiple transmission lines and forced load sheds on at least three 138-kV lines.
Matthew T. Rader, CC BY-SA 4.0, via Wikimedia Commons
FERC approved Texas RE's settlement with AEP over communication failures during a 2018 load loss incident.
Kentucky regulators approved Liberty Utilities’ $2.8 billion acquisition of American Electric Power’s Kentucky operations while including multiple customer protections.
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