American Electric Power Company Inc. (AEP) warns that delays could put an end to its proposed power purchase agreement (PPA), after the Public Utilities Commission of Ohio (PUCO) rejected AEP’s plan (see our March 2, 2015 blog post for more) but “left open the possibility that another plan could be accepted,” Columbus Business First reports. The utility company asked for a rehearing and says its plan would “give customers a price hedge against price volatility,” but that delays could cause the company to pull the proposal. AEP owns a share of an Ohio Valley Electric Corp. (OVEC) power plant and “is offering OVEC as a hedge now but there is no guarantee that it will be available in the future,” the company said in its filing with PUCO. In its rejection of the plan, the PUCO said the proposal did not benefit customers, and that the commission wanted to wait for coming decisions on federal environmental regulations and electric grid operators. For more, read the full article.