AEP Cancels Wind Catcher project

Wind Catcher project cancelled

(KSLA) - SWEPCO's parent company American Electric Power's Wind Catcher project has just lost the wind in its sails.

The company announced the cancellation on Friday, after the Public Utility Commission of Texas' decision to deny the approval project on Thursday.

The project received the approval of the Arkansas Public Service Commission, Louisiana Public Service Commission and Federal Energy Regulatory Commission. A decision was pending at the Oklahoma Corporation Commission.

Nicholas K. Akins, AEP chairman, president and chief executive officer, issued the following statement in a news release:

We are disappointed that we will not be able to move forward with Wind Catcher, which was a great opportunity to provide more clean energy, lower electricity costs and a more diverse energy resource mix for our customers in Arkansas, Louisiana, Oklahoma and Texas. To realize the full benefits of Wind Catcher for customers, timely approvals were required from all jurisdictions so we could complete the project by the end of 2020 and be eligible for 100 percent of the federal production tax credit. We want to thank our employees and our partners for all of their work on the development of the Wind Catcher project.

AEP plans to invest $24 billion this year through 2021 to rebuild and enhance aging infrastructure, add advanced technologies to the energy system and create a more reliable and resilient grid for customers, according to a news release.

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