| Overview |
Phase I – In April 2006, the PUCO authorized cost recovery
of initial costs such as site engineering and various other engineering services
totaling approximately $24 million. All costs were recovered as of June 30,
2007.
Phase II – Seeks recovery of carrying costs associated with
plant construction. Filing of detailed cost estimates to support the PUCO's
further consideration of this request is currently on hold pending resolution of
the Ohio Supreme Court challenge of the PUCO's authority in this matter.
Oral arguments regarding this matter occured at the Ohio Supreme Court on October
9, 2007, and on March 13, 2008 the
Ohio Supreme Court issued an order remanding the Ohio IGCC proceeding back to the
PUCO.
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| Overview |
On July 31, 2008, AEP Ohio, on behalf of CSPCo and OPCo, filed an Electric Security Plan in accordance with SB 221, signed by the governor on May 1, 2008. The filing represents a comprehensive plan that invests in the future while holding rate increases to approximately 15 percent annually for the next three years. In addition, the plan provides the framework of “AEP’s Commitment to Ohio’s Future”, a plan that exceeds State requirements in purchasing and supplying renewable power (solar, wind and other renewable fuels); contributes $75 million of shareholder money to aid struggling Ohio bill payers; and positions the company to become a strong partner in the State’s efforts to retain and attract new businesses and new jobs for Ohio.
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