American Electric Power (AEP) is trying again with a revised power purchase agreement (PPA) proposal after the Public Utilities Commission of Ohio (PUCO) declined to adopt an income guarantee for AEP’s share in two Ohio Valley Electric Corp. (OVEC) power plants (see our March 2, 2015 blog post for more), The Columbus Dispatch reports. The utility’s most recent filing includes the four coal-fired plants from its October PPA request (see our October 15, 2014 blog post) as well as its share of the OVEC plants from the denied request. AEP says its current plan “would save consumers $574 million over the next 10 years.” While customers would pay an additional $48 million in the first year of the plan, they would receive credits in later years “as wholesale electricity prices are projected to increase.” AEP is asking for the PPA as a security against market volatility; if it is not approved, the company said the plants, totaling more than 2,600 megawatts in capacity, “may face early retirement.” For more, read the full article