Balancing act: AEP has contracted 69 GW of load growth through 2030. But the company says it’s shielding residential customers of its vertically integrated utilities from added costs.
How? The $16B in savings stem from “agreements and rate structures we have worked with our states,” Tammy Ridout, AEP’s managing director of external communications, told Energy Central over email. These take-or-pay service agreements ensure that “large-load customers pay for grid infrastructure that serves them.”
Plus: AEP estimates $1.4B in customer savings due to federal loads and grants.
Molly Glick
Energy Central Team
Sun, Aug 2
NEWS: AEP says large-load agreements could save its residential ratepayers up to $16B.
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