AEP

American Electric Power (AEP) has entered into an agreement to sell its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings at an enterprise value of $1.5 billion. The sale portfolio includes 14 projects, representing 1,200 MW of wind and 165 MW of solar in 11 states.

Appalachian Power, a unit of energy American Electric Power Company Inc (NYSE: AEP), is looking for to acquire up to 150 MW of solar projects in West Virginia, perhaps with battery storage capacity.

The U.S. District Court for the Southern District of Ohio has approved a modified agreement that will accelerate emission reductions from American Electric Power’s (AEP) remaining coal-fueled power plants in the Midwest, eliminate a requirement to install “high-cost” emission reduction equipment at the Rockport Plant in Indiana, and retire Rockport Plant Unit 1 (1,300 MW) by the end of 2028, the utility says.