AEP Gets Approvals to Move Forward With 1,485MW Wind Projects
May 27 2020 - 7:20PM
Dow Jones News
By Stephen Nakrosis
American Electric Power Co. Inc. said Wednesday it received the
needed approvals to acquire a planned 1,485 megawatts of wind
generation in Oklahoma.
The company said The Louisiana Public Service Commission
approved a settlement agreement Wednesday "that authorizes SWEPCO
to add 810 MW of wind energy to serve its customers."
AEP also said "The Commission approved an option that could
increase Louisiana's allocation to an estimated 464 MW from the
original 268 MW, if Texas does not also approve the SWEPCO
proposal."
"Today's decision by The Louisiana Public Service Commission
enables us to move forward with the North Central wind projects at
full scale and invest in low-cost wind energy to benefit our
customers in Arkansas, Louisiana and Oklahoma," said Nicholas K.
Akins, AEP's chairman, president and chief executive.
The North Central project includes three wind generation
facilities located in Oklahoma. One project is expected to be
completed by the end of this year, with the other two projects
slated for completion before the end of 2021, AEP said.
AEP's SWEPCO and PSO operating units in July of last year said
they would seek regulatory approvals to purchase the three wind
projects.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 27, 2020 19:05 ET (23:05 GMT)
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