AEP projects that capital expenditures for utility operations will decrease to $1.993B in 2010 from the estimated $2.466B in 2009, reflecting AEP's conservative approach for near-term capital expenditures. :theflyonthewall.com
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American Electric to file with FERC to separate Ohio operations
AEP plans to file today at the Federal Energy Regulatory Commission, or 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 Q1 of 2013. :theflyonthewall.com
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