AEP Ohio says the Power Purchase Agreement (PPA) it filed with the Public Utilities Commission of Ohio (PUCO) October 3, 2014 “is designed to provide customers with more stable electricity prices during periods of market volatility, while continuing the economic viability of Ohio’s generation,” according to The Hannah Report. AEP Ohio President and COO Pablo Vegas said, “Ohio is facing a period of unprecedented uncertainty related to the future supply of low-cost reliable energy.” Vegas cited reasons for reliance on power from outside the state, including the retiring of 20 percent of investor-owned Ohio generation by mid-2015, and current market conditions that could force viable plants to close for economic reasons. AEP’s proposed agreement would entitle the company to 2,700 megawatts of generation from nine units located in Ohio; in return, AEP “would bid all of the energy, capacity and ancillary services associated with these units into PJM Interconnection…and pass along resulting net benefits or costs to customers.”