Ohio regulators reject plans for solar power project

The Public Utilities Commission of Ohio rejected plans for AEP Ohio, a subsidiary of AEP (NYSE: AEP), to build a solar power project in southeast Ohio.

According to The Associated Press, commissioners voted 3-1 against funding the planned 49.9 MW Turning Point solar project. Under changes to state law, utilities are required to generate some of their electricity through renewable sources. AEP said it would buy the output from the project for 20 years to help comply with the new rules, but the commissioners’ vote nixed that deal, the article said.

Regulators reportedly said AEP Ohio did not show that investing in the solar project would benefit customers, nor was it necessary to meet renewable energy requirements.

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