Despite Texas denial, AEP to buy $2B in wind energy
On July 2, the Public Utility Commission of Texas denied a request by AEP affiliate Southwestern Electric Power Co. to use its Texas customers' rates to finance the acquisition of a giant wind farm complex in Oklahoma ...The three-member Texas commission said the project didn't lay out clear enough benefits to consumers to justify their up-front investment. While some big companies have championed renewable energy, the farm had been opposed by major Texas consumer groups.