Articles filed under General from Oklahoma
There were legal problems with the project that conflicted with Oklahoma rules and law because the project hadn't been competitively bid and because work on it had started before PSO had filed its cost recovery request. State officials also questioned whether customers would financially benefit from the project during its 25-year life.
Company remains focused on 5-7 percent earnings growth through investments to improve service for customers COLUMBUS, Ohio – American Electric Power (NYSE: AEP) is canceling the Wind Catcher project as a result of the Public Utility Commission of Texas’ July 26 decision to deny approval of the project. The project had been approved by the Arkansas Public Service Commission, Louisiana Public Service Commission and Federal Energy Regulatory Commission. A decision was pending at the Oklahoma Corporation Commission.
AEP's original schedule called for the need to order the longest-lead-time equipment by Aug. 6. Through some negotiations, it has been able to delay those orders until the end of August, but the company can't afford to delay much longer, AEP CFO Brian Tierney told investors. It needs to make its timetables in order for developer Invenergy LLC to complete the wind farm by 2020.
The 2,000 MW Wind Catcher Energy Connection project proposed by SWEPCO, a subsidiary of American Electric Power, came under scrutiny from the PUCT earlier this week as the regulators questioned the prudence of putting such a large investment on ratepayers, particularly with the inclusion of a $1.6 billion transmission line to move the energy from the wind farm.
Regulators threw a wrench in American Electric Power’s massive Wind Catcher Energy Connection on Thursday, expressing concerns over whether the company will protect ratepayers from the project’s risks. ...“I’m going to be upfront with you,” [Public Utility Commission Chair DeAnn] Walker said ...“At this point, I can’t approve the [project].” Walker said she would need additional consumer protections from SWEPCO, which would own 70% of the $4.5 billion project.
Many questions and responses centered on whether the project would benefit the utility's typical residential customer, especially during the last 15 years of the project's expected 25 year life. A big key to that, witnesses agreed, is where natural gas prices would be during that time.
A commission administrative law judge who considered PSO's proposal has recommended the commission deny the utility's request. The judge recommended denial because the utility did not seek competitive construction bids for the farm and because that work had started before PSO filed its request.
The Oklahoma Corporation Commission is holding a hearing Monday concerning PSO's Wind Catcher project. The Corporation Commission says the meeting concerns proposed settlements and motions for PSO's Wind Catcher project.
The Bixby City Council withdrew its opposition to the Wind Catcher Energy Connection power line project Monday evening after Public Service Co. of Oklahoma presented an alternate plan to not only use existing right-of-way through the southern part of the town but to rebuild that route with smaller towers.
“I am all for adding clean, renewable power generation to our power grid, but the project has to serve a need, and it has to make sense financially,” Greene said. “I could not vote to have SWEPCO customers finance an unneeded generation project that might only save them money if the price of natural gas increases significantly."
WICHITA FALLS, Tx (RNN Texoma) - Hinton, Oklahoma, just west of Oklahoma City, has been sued by a wind energy group to build wind turbines in their town because of an ordinance they passed that they thought was unconstitutional.
The Oklahoma Attorney General and the director of the Oklahoma Corporation Commission's Public Utility Division stated in a regulatory filing late Monday they remain opposed to Public Service Co. of Oklahoma's request to obtain preapproval to recover costs to build the Wind Catcher Connection project.
The OSBI has found new evidence linking a wind energy group to the political consultant who had a state legislator tracked, The Oklahoman has learned. ...McBride, R-Moore, has blamed the wind industry ever since finding a GPS tracker on his pickup the evening of Dec. 4. McBride has been an outspoken critic of the wind industry and has called for wind farms in Oklahoma to pay more in taxes.
About 100 people heard diverse viewpoints on wind energy at an Osage County Board of Adjustment public hearing Thursday, but the board approved a conditional use permit for the next wind farm to be built in the Tallgrass Prairie region with little fanfare.
Across 300,000 acres (121,206 hectares) utility giant American Electric Power Co. is trying to pull off something no other company has attempted at this scale: It wants to build the nation’s largest wind farm -- and it wants up-front guarantees from regulators that customers will pay the bill.
The company has agreed to buy energy from PSO’s Wind Catcher project to power many of its stores
The OSBI has determined a longtime Texas political consultant known as “Dr. Dirt” hired the private investigators who put a tracker on a legislator’s pickup, court records show. The consultant, George C. Shipley, 70, has been subpoenaed to appear next week before the Oklahoma multicounty grand jury “to provide testimony.”