AEP Ohio and First Energy Seek PUCO Approval on Revised Power Purchase Agreements
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On April 27th, after Federal Energy Regulatory Commission (FERC) unanimously rejected Public Utility Commission Ohio’s (PUCO’s) March 31, 2016 approvals of AEP and First Energy’s Power Purchase Agreements (PPAs) both utilities filed modified proposals. FERC rejected the PPAs on anti-competitive affiliate contracting waiver grounds under the Edgar/Allegheny standards. The PPA contracts would have allowed the unregulated …