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The USD-4.5-billion (EUR 3.9bn) Wind Catcher project of American Electric Power (NYSE:AEP) was on Thursday rejected by the Public Utility Commission of Texas.
According to local media reports, the decision could spell the end for the project as currently structured.
The Wind Catcher Energy Connection includes a 2-GW wind farm in the Oklahoma Panhandle and a dedicated power line to bring clean electricity to AEP customers in Arkansas, Louisiana, Oklahoma and Texas. The wind farm, to be powered by 800 GE turbines of 2.5 MW, will be acquired from Invenergy, which is currently developing it. Once completed, the project will be owned by the AEP companies - Southwestern Electric Power Co (SWEPCO) and Public Service Company of Oklahoma (PSO).
The project has recently secured approvals in Louisiana and Arkansas and needs to get the green light from the regulators in Texas and Oklahoma.