Climate Changed
AEP Kills Wind Catcher Plan After Texas Rejects Biggest U.S. Wind Farm
- AEP pulls the plug on biggest-ever U.S. wind-power plant
- Texas concluded $4.5 billion project didn’t benefit ratepayers
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American Electric Power Co.’s $4.5 billion Wind Catcher project was done in by shaky economics, and may become a teaching moment for other developers planning big clean-energy projects.
The company pulled the plug Friday on what would have been the biggest-ever U.S. wind farm. Texas regulators rejected the project Thursday because it didn’t offer enough benefits for ratepayers, and Oklahoma came to a similar conclusion in February.