American Electric Power (AEP) is aggressively moving ahead with an up to 2.2GW wind power procurement plan in four US states – Arkansas, Louisiana, Oklahoma and Texas – by the end of 2021, on the heels of acquiring Sempra’s wind business this week for $1.05bn.
“We have completed the bid process and received many quality responses. We are in process of negotiating terms with the preferred bidders and plan to file with state commissions in July requesting approvals to proceed,” Brian Tierney, chief financial officer, said Thursday on a conference call.
