AEP CEO Says Sale of Generating Units in Final Stages

AEP CEO Nick Akins tells Bloomberg TV that AEP is in the “final stages” of selling its Ohio generating units.  He reports “robust interest” in the assets.

Meanwhile, he indicates the company is working with the Ohio legislature to “restructure” the Ohio electricity markets.  To AEP, “restructuring” means having new AEP generation (solar, wind, natural gas) paid for by consumers via non-bypassable riders, even if the consumers buy their electricity from an AEP competitor.

Watch the Bloomberg TV interview with the AEP CEO here.  9/8/2016