NasdaqGS:AEPElectric Utilities
Did AEP’s New 200 MW Prairie Creek Renewable PPA Just Shift American Electric Power Company’s Investment Narrative?
Earlier this week, RWE and American Electric Power’s Indiana Michigan Power Company finalized a long-term power purchase agreement for the full 200 MW output of the Prairie Creek project in Indiana, intended to supply electricity equivalent to about 42,000 homes and support the state’s rising power demand.
This agreement underlines how AEP is using contracted renewable capacity to reinforce grid reliability and keep energy affordable as regional demand grows.
Next, we’ll examine how this new...