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News
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LCG, October 14, 2026--American Electric Power (AEP) today announced plans for a 20-year power purchase agreement (PPA) with Google, under which AEP will invest approximately $4 billion to advance a new 702-MW fuel cell generation project located near Cheyenne, Wyoming. Google will acquire power from Cheyenne Fuel Cell, LLC, which is approximately 92 percent owned and controlled by AEP and 8 percent owned by funds advised by Basalt Infrastructure Partners, LLP. AEP and its partners plan to start construction this year and to be fully operational by the end of 2028.
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LCG, October 6, 2026--Google and Constellation Energy today announced a long-term strategic clean energy collaboration to bring 890 MW of new, reliable, carbon-free nuclear capacity onto the PJM Interconnection grid to meet growing demand and increase grid reliability. The first uprate is expected to be delivered by 2028.
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Industry News
AEP Announces Agreement to Sell Nearly 5,200 MW of Coal and Gas-fired Generation in PJM
LCG, September 19, 2016--American Electric Power (AEP) has signed an agreement to sell four competitive power plants totaling approximately 5,200 MW for approximately $2.17 billion to a newly formed joint venture of Blackstone (BX) and ArcLight Capital Partners LLC (ArcLight). The four fossil-fueled power plants are located in the region served by the PJM Interconnection.
"AEP's long-term strategy has been to become a fully regulated, premium energy company focused on investment in infrastructure and the energy innovations that our customers want and need. This transaction advances that strategy and reduces some of the business risks associated with operating competitive generating assets," said AEP's chairman, president and chief executive officer.
AEP expects the sale to close in the first quarter of next year and to net approximately $1.2 billion in cash after taxes, repayment of debt associated with these assets and transaction fees. AEP announced in January 2015 that it was exploring strategic alternatives for these power plants, including a potential sale.
The agreement includes the following energy generating facilities: Lawrenceburg Generating Station (1,186-MW, natural gas-fired facility located in Lawrenceburg, Indiana); Waterford Energy Center (840-MW, natural gas-fired facility located in Waterford, Ohio); Darby Generating Station (507-MW, natural gas-fired facility located in Mount Sterling, Ohio); and the General James M. Gavin Plant (2,665-MW, coal-fired facility located in Cheshire, Ohio).
AEP's chairman, president and chief executive officer stated, "Blackstone and ArcLight are two of the leading private equity funds focused on energy infrastructure, with significant investments and experience owning and operating power generation in North America and Europe. Combined they have owned and operated more than 38,000 megawatts of power generation globally, including operations in the PJM Interconnection, New York ISO and Electric Reliability Council of Texas competitive markets in the United States."
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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