Ohio Discloses Winning Bidders from AEP Default Service Auction

The Public Utilities Commission of Ohio has disclosed the winning bidders of AEP Ohio's third energy-only auction that will ultimately determine its retail generation service rates through May 2015

As previously reported, the auction resulted in an average clearing price of $48.05 per megawatt-hour for 25% of AEP Ohio's standard service offer (SSO) energy requirements for the delivery period November 2014 through May 2015. The auction product was for energy only, and did not include capacity

Winning bidders and traches won were:

AEP Energy Partners, Inc.          13
BP Energy Company                   3
Buckeye Power, Inc.                 1
DTE Energy Trading, Inc.            4
Exelon Generation Company, LLC      4