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AEP's 2,000-MW Wind Catcher Project Faces Challenge at Oklahoma Corporation Commission

LCG, February 14, 2018--An Oklahoma Corporation Commission (OCC) administrative law judge on Monday recommended against preapproval of Public Service Co. of Oklahoma's request to to charge its ratepayers to support partial ownership of the 2,000-MW Wind Catcher project and to use some of the electricity generated by the project. The utility, a subsidiary of of American Electric Power (AEP), is requesting authorization to recover estimated costs of about $1.36 billion to become part-owner of the Wind Catcher project and to construct a 765-kV transmission line to deliver electricity to a Public Service Co. of Oklahoma (PSO) substation north of Tulsa.

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AEP's Clean Energy Strategic Vision Plans to Reduce Carbon Emissions 80 Percent from 2000 levels by 2050

LCG, February 8, 2018--American Electric Power (AEP) Monday released a report outlining the company's strategy for a clean energy future. The strategy includes new carbon dioxide emission reduction goals and investments in renewable resources and advanced technologies to enhance the efficiency of the power grid.

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Industry News

Rocky Mountain Power Pursues Regulatory Approval for $3.5 Billion Wind and Transmission Investment

LCG, July 3, 2017--The Rocky Mountain Power submitted filings last week in Wyoming, Utah and Idaho requesting state regulators to approve a plan to significantly expand the amount of wind power serving customers by 2020. The plan is part of the company's Energy Vision 2020 initiative.

Rocky Mountain Power's Energy Vision 2020 initiative is designed to: (i) upgrade or "repower" the company's existing wind fleet with longer blades and newer technology, (ii) add approximately 1,100 MW of new wind capacity, and (iii) build a new 140-mile Gateway West transmission. Most of the new investments will be in Wyoming.

Rocky Mountain Power President and CEO stated, "We are very excited to begin the stakeholder review process for these projects that will significantly increase the renewable energy that serves all our customers. These investments will provide significant long-term benefits to our customers and bring substantial economic benefits to rural communities where the facilities will be located."

Rocky Mountain Power first announced the wind and transmission investments in April as part of its broader long-term energy plan. Additional filings and regulatory approvals will be necessary.

The Energy Vision 2020 projects, which comprise an investment of $3.5 billion, were chosen by the company as the most cost-effective option to meet customers' energy needs over the next 20 years. By moving to complete the projects by 2020, the company states that it will be able to use federal production tax credits to provide a net cost savings to customers over the life of the projects.
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