PJM Files Testimony with PUCO on AEP’s Proposed Settlement

On Dec. 28, 2015, PJM filed testimony with the Public Utilities Commission of Ohio about AEP’s proposed settlement concerning power purchase agreements for power plants in Ohio. Today, PJM also filed similar testimony to the PUCO relative to FirstEnergy’s proposed settlement.

PJM does not take a position on the settlements as a whole. However, PJM proposes that, if the PUCO approves the settlements, it should make a key clarification to ensure the settlements preserve the state’s interest in healthy, competitive wholesale electricity markets to attract new investment and meet the economic development needs of Ohio.