After progressing at a slow pace for more than a decade, retail competition hit AEP Ohio’s regulated customers in a big way in 2011.
The ability to switch suppliers of electricity has been in place in Ohio since Jan. 1, 2001, following restructuring legislation approved by the Ohio General Assembly in 1999. While competition began appearing in some of the higher-priced markets in Ohio shortly after, AEP’s low rates made it difficult for competitors to gain a foothold through much of the first decade of the 21st century.
AEP – American Electric Power
AEP ranks among the nation’s largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined.
AEP’s utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas).
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KEYWORDS: AEP, American Electric Power, Utility, retail supplier, Ohio, Deregulation