January 3, 2014, Volume 3, Issue 3

01/03/2014

Update:  Much as in the 2011 SEET Proceeding detailed above, on November 22, 2013, AEP Ohio submitted to the PUCO correspondence contending that AEP Ohio’s return on equity for 2012 was not excessive.  In support of its position, AEP Ohio submitted testimony of three individuals, Gary Spitznogle, Thomas Mitchell, and Anil Makhija.  Mr. Spitznogle serves as AEP Ohio’s overall policy witness supporting its position that AEP Ohio passes the statutory Significantly Excessive Earnings Test (SEET) for 2012.  Mr. Mitchell’s testimony describes the method AEP Ohio used for calculating its 2012 earned return on common equity.  Dr. Makhija’s testimony describes the methodology he developed on behalf of AEP Ohio to implement the SEET for AEP Ohio earnings during 2012.  Unlike the circumstances in the 2011 AEP Ohio SEET case, no parties have yet intervened in this matter.  Likewise, no procedural schedule has been set.

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