January 8 (Renewables Now) - US utility American Electric Power Company Inc (NYSE:AEP), or AEP, which last year scrapped the 2-GW Wind Catcher wind project, is now seeking to contract up to 1.2 GW of wind energy resources.
A request for proposals (RfP) has been issued by American Electric Power Service Corp, on behalf of Southwestern Electric Power Co (SWEPCO), as announced on Monday. Both companies are part of the AEP group.
The deadline for proposals is March 1, 2019. Offers will be accepted for new or existing projects with a capacity of at least 100 MW, located in, and interconnected to, the Southwest Power Pool (SPP) regional grid in Arkansas, Louisiana, Texas or Oklahoma. Selected projects have to go online by December 15, 2021 and qualify for at least 80% of the federal Production Tax Credit (PTC).
At present, SWEPCO has power purchase agreements (PPAs) for 469 MW of wind in Texas, Oklahoma and Kansas.
The RfP was launched in order to meet rising customer demand and help SWEPCO further diversify its energy resource mix, in line with the utility’s integrated resource plans for the next two decades.
Winning bids will be filed for approval with the Public Service Commissions (PSC) of Arkansas, Louisiana and Texas and the Federal Energy Regulatory Commission (FERC).