American Electric gets approval to buy 999MW of renewable generation resources

Southwestern Electric Power, an American Electric Power, “has received approval by the Louisiana Public Service Commission to move forward with its fuel-free power plan to acquire up to 999 megawatts of renewable generation resources. The LPSC today approved the terms of a settlement agreement reached on March 10, 2023, by all parties in the proceeding, subject to certain procedural conditions moving forward. This effort will help meet projected power needs while protecting customers from volatility in energy costs.”