June 3, 2016, Volume 5, Issue 81

06/03/2016

Update: AEP, FirstEnergy, and their unregulated generating affiliates made compliance filings as required by FERC’s order which rescinded their waivers on affiliate sales restrictions. Among other things, AEP and its affiliate concede that the PUCO’s order on the PPA settlement would cause AEP’s retail ratepayers to be deemed “captive” by being subject to nonbypassable generation-related charges under the PPA Rider with respect to the affiliate PPA. Also referenced is the filing made by AEP to the PUCO, wherein it was explained that the affiliate PPA is no longer in effect. FirstEnergy and its affiliate state, among other things, that there have been no transactions under the affiliate PPA and that in the event they desire to transact under the affiliate PPA, they will submit it for FERC’s review and approval. Continuing, FirstEnergy and its affiliate state that they have suspended the affiliate PPA pending the outcome of certain regulatory and business decisions.

 

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