Tokyo-based Electric Power Subsidiary partners with AP Solar in 400 MW Texas Solar Project

LCG, August 6, 2020—J-Power USA Development Co, a subsidiary of the Electric Power Development Co. headquartered in Tokyo, has joined a joint venture to develop a 400 MW Texas solar project.

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Texas Solar Project Sold to CIP

LCG, July 31, 2020—An affiliate of Copenhagen Infrastructure Partners has completed purchase of a 350 MW solar photovoltaic project near the Houston metro area from Solar Plus Development Inc. and Avondale Solar.

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Industry News

AEP Talks With FERC Over 2000/2001 Electricity Trading Practices

LCG, August 27, 2003American Electric Power has agree to pay just $45,240 in order to settle allegations of possible manipulative trading practices.

AEP has been under investigation for possibly unethical electricity trading practices such as Death Star, a plan by which imaginary congestion is created on the transmission system with fake transmission requests.

Federal Energy Regulatory Commission (FERC) staff reported that AEPs trading records, while questionable, do not qualify as Death Star trades and thus made the agreement for a $45,240 settlement.

AEP admits no guilt in the process of settling, and a FERC judge and three-person committee must still approve the settlement before it is final.

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