AEP "Looking" to Expand Competitive Retail Supplier to Texas, Eastern Markets Email
This Story 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-affiliated suppliers at
Columbus Southern Power.
"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).