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AEP "Looking" to Expand Competitive Retail Supplier to Texas, Eastern Markets
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November 2, 2010
AEP anticipates expanding its newly formed competitive
retail supplier, AEP Retail Energy, beyond Ohio, where the retailer was initially
formed to be defensive against customer migration to non-
"Don't look for us just in Ohio ... there are other parts of our service territory where there are significant retail opportunities," said Brian Tierney, AEP CFO, who was speaking at an Edison Electric Institute investor conference.
Tierney cited Texas, in particular, as a market that AEP is "looking at" from a competitive retail standpoint. AEP Texas Commercial & Industrial Retail Limited Partnership does hold a Texas REP certificate and has engaged in limited retail marketing to very large industrial customers in ERCOT, in what more closely resemble wholesale sales.
Additionally, Tierney said that, having initially created the competitive retail organization to focus on Ohio, AEP now sees that it serves as a broader platform to expand to other markets "throughout the east" to capture incremental margin.
Tierney added that AEP is "committed to" to the competitive retail business and expects to grow the business over time.
AEP Retail Energy's formation was first reported by Matters (1/1/10).
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