Xcel Energy (XE)
AEP stock ended the week at $71.14/share, up $1.76, after it announced the cancellation of its Wind Catcher Energy Connection project.
The Public Utility Commission of Texas delayed its final approval of Southwestern Public Service’s request to build a 478-MW wind farm in West Texas.
Buoyed by recent positive developments, American Electric Power CEO Nick Akins had several reasons Thursday to proclaim the company “in better shape than in the first quarter of last year.”
Xcel Energy, the largest member of the Mountain West Transmission Group (MWTG), said that it is withdrawing from the group and its efforts to join SPP.
The U.S. Justice Department said that a Minnesota law granting in-state transmission owners rights of first refusal on grid additions is unconstitutional.
FERC on Tuesday rejected separate complaints by the Nebraska Public Power District and Xcel Energy over billed charges under Attachment Z2 of SPP's Tariff.
Xcel Energy reported fourth-quarter earnings of $189 million ($0.37/share), down 16.7% from the same period last year.
The number of state officials and utilities announcing actions because of the Tax Cut and Jobs Act signed by President Trump last month keeps growing.
FERC ruled that Xcel can recover its investment in a transmission project if it is abandoned for reasons beyond the company’s control.
FERC issued rulings in three SPP transmission cases, mostly siding with the RTO but rejecting its proposed changes to classifying service upgrade costs.
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