AEP Seeks to Extend Rate Plan Until 2024

On May 13, AEP filed to extend its current rate plan, asking regulators for approval by September. The extension request is a component of a broader set of applications requested by AEP with modifications following FERC’s move to block approval of the power purchase agreement cases in late April.

The plan would establish permissible utility charges through 2024 and would add some new riders that the utility can use to fund programs and subsidize certain customers. Customers cannot avoid non-bypassable charges by shopping.