AEP ENERGY PARTNERS SEEKS SOLAR AND WIND PROJECTS IN PJM, SOLAR PROJECTS IN ERCOT

Rhea-AI Summary

AEP Energy Partners, a subsidiary of American Electric Power (AEP), is seeking proposals for renewable energy projects in the PJM and ERCOT regions. The company aims to secure long-term renewable energy purchase agreements, with terms ranging from 5 to 15 years, to support the growing retail and wholesale loads in Texas and Ohio. Notice of intent to bid is due by December 30, 2022, with proposal packages required by January 13, 2023. The initiative aligns with AEP's commitment to a clean energy future and expanding its renewable energy capacity.

Positive

• Seeking long-term renewable energy purchase agreements aligns with AEP's strategy for growth in clean energy.
• The initiative supports the growing energy demands in Texas and Ohio, potentially enhancing market presence.

Negative

• None.

COLUMBUS, Ohio, Dec. 16, 2022 /PRNewswire/ -- AEP Energy Partners (AEPEP), a wholly owned subsidiary of American Electric Power (Nasdaq: AEP), seeks proposals for off-take from new and existing solar and wind facilities located in the PJM service region and new solar facilities located in ERCOT to support the company's growing retail and wholesale loads in Texas and Ohio, including the city of Columbus community choice aggregation program.

AEPEP is seeking renewable energy purchase agreements of 10, 12 or 15 years for new solar or wind projects and 5 to 15 years for existing projects (including incremental power from re-powering wind sites) in PJM.  AEPEP is also seeking renewable energy purchase agreements of 12 years or fewer for new solar projects in ERCOT. View full details about the Request for Proposal.

Notice of intent to bid must be received by AEPEP on or before Dec. 30, 2022. Proposal packages are due no later than 5 p.m. EST, Jan. 13, 2023 and should be submitted by email to jewilliams@aepes.com and sthandel@aepes.com. Complete details about the Requests for Proposals are available at http://aep.com/rfp or by calling Jennifer Williams at (614) 716-2426 or Sean Handel at (419) 345-9634.

About AEP and AEP Energy Partners
American Electric Power (Nasdaq: AEP) subsidiaries AEP Renewables, AEP Energy, OnSite Partners, and AEP Energy Partners, deliver a wide array of innovative competitive energy solutions nationwide. As one of the largest wholesale suppliers in the country, AEP Energy Partners specializes in offering customized wholesale power supply products based on the specific needs of customers' electric systems within ERCOT, MISO, PJM and SPP. AEP Energy Partners also sells renewable energy through long-term contracts with utilities, electric cooperatives, municipalities and corporate customers. With a commitment to a clean energy future, AEP's competitive businesses currently own over 1,900 megawatts of wind, solar and energy storage on both a utility scale and distributed scale basis.  Solving energy problems for customers, AEP Energy Partners and its competitive affiliates own and operate over 90 behind-the-meter projects in 26 different states and have an active development pipeline across the U.S. As a competitive retail electricity and natural gas supplier, AEP Energy serves over 700,000 residential and business customers in 28 service territories in six states and Washington, D.C. Based in Columbus, Ohio, Chicago, Illinois and San Diego, California, AEP's family of competitive companies takes pride in making it easy for customers and partners to buy, manage and use energy. Learn more about AEP Energy Partners. 

 

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SOURCE American Electric Power

FAQ

What is AEP Energy Partners looking for in their recent proposal?

AEP Energy Partners is seeking proposals for renewable energy projects in the PJM and ERCOT regions with purchase agreements ranging from 5 to 15 years.

What is the deadline for submitting proposals to AEP Energy Partners?

Notice of intent to bid must be received by December 30, 2022, and proposal packages are due by 5 p.m. EST on January 13, 2023.

What regions are targeted for renewable energy projects by AEP Energy Partners?

AEP Energy Partners is targeting new and existing solar and wind facilities in the PJM service region and new solar facilities in ERCOT.

What is the significance of AEP Energy Partners seeking renewable energy agreements?

This initiative is crucial for AEP Energy Partners as it supports their growth in renewable energy capacity and meets increasing energy demands in Texas and Ohio.