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AEP Seeks Approval for 1.5GW Wind Development in Oklahoma
GreenTech Media: American Electric Power is asking state regulators for the second time in two years to approve a multibillion-dollar investment into wind power, as it races to capitalize on fleeting federal tax credits.
On Monday, AEP announced that its Public Service Co. of Oklahoma (PSO) and Southwestern Electric Power Co. (SWEPCO) utilities are seeking regulatory approval to purchase a total of 1,485 megawatts of wind projects being developed by Invenergy. The three projects in Oklahoma were selected through a competitive RFP launched in January, and the roughly $2 billion investment would help save utility customers about $3 billion, net of costs, over 30 years, the Ohio-based utility group said.
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