AEP to File at FERC Today to Separate Ohio Businesses

AEP said this morning that it plans to file today at the Federal Energy Regulatory Commission (FERC) to separate its Ohio businesses and to terminate and replace the Interconnection Agreement for its eastern generating assets with a new power cost sharing arrangement.

The company received approval Jan. 23 from the Public Utilities Commission of Ohio to move forward with corporate separation of its Ohio generation assets.

AEP expects to receive decisions from the FERC enabling implementation of corporate separation and the termination and replacement of the Interconnection Agreement in the first quarter of 2013.

The corporate separation of the Ohio generation assets will facilitate the offering of default service based on a competitive procurement starting in June 2015