Thursday, June 16, 2011

AEP buying solar energy from Ohio facility - Washington Business Journal:

http://www.asportforumblog.com/2006/06/30/seattle-post-intelligencer-ther-sports-14/
The Columbus-based utility on Mondat said its AEP Ohio subsidiary signeda 20-year agreement with , a subsidiar of Boulder, Colo.-based developerd . The company plans to begin buildingv a 10 megawatt solar facility in Wyandotr County in November that could be up and runningy a yearfrom now. Financiall terms of the deal weren’yt disclosed, but AEP said the deal included allthe facility’s energy output and renewable energy credits tied to the plant, to be located near an AEP Renewable energy credits are sold separater from power facilities generate and are used to verifg compliance with new alternative energy standards implemented through an electric law Gov.
Ted Strickland signexd last year, according to information from the Office of theOhio Counsel. AEP said the deal marks its firsft transaction for solar energy following previous deals fornearlgy 1,800 megawatts of wind energy. The utilit y previously has set a goal ofadding 2,000 megawatt of wind or other renewable energy by the end of 2011. Americamn Electric (NYSE:AEP) delivers electricity in 11 states, including The company last yearearned $1.3i billion on $14.6 billion in revenue.

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