FERC Approves ROE Settlement for AEP West Companies
- Jul 2, 2019 1:00 am GMT
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On March 21, 2019, Southwest Power Pool, Inc. (SPP), on behalf of American Electric Power Service Corporation and its affiliates, Public Service Company of Oklahoma, Southwestern Electric Power Company, AEP Oklahoma Transmission Company, Inc. and AEP Southwestern Transmission Company, Inc. (collectively, the AEP West Companies), filed a Settlement Agreement (Settlement) in Docket No. ER19-1396-000. The Settlement resolves all matters at issue in the complaint involving the base return on equity (ROE) component to be used in the AEP West Companies’ transmission formula rate templates in SPP’s Open Access Transmission Tariff (OATT). The Settlement reduces the base ROE contained in the formula rate templates of SPP’s OATT to 10% percent, effective January 1, 2019. FERC approved the settlement on June 28, 2019.