AEP buying solar energy from Ohio facility - Business First of Columbus:

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The Columbus-based utility on Monday said its AEP Ohio subsidiaruy signeda 20-year agreement with , a subsidiaryt of Boulder, Colo.-based developer . The company plans to begin building a 10 megawatt solar facility in Wyando County in November that could be up and runninhg a yearfrom now. Financial terms of the deal weren’t disclosed, but AEP said the deal includes allthe facility’ s energy output and renewable energy creditw tied to the plant, to be located near an AEP substation. Renewablw energy credits are sold separate from powet facilities generate and are used to verifuy compliance with new alternative energy standardas implemented through an electriclaw Gov.
Ted Strickland signed last year, accordinb to information from the Office of theOhio Counsel. AEP said the deal marks its first transaction for solard energy following previous deals fornearly 1,800 megawatts of wind The utility previously has set a goal of addinhg 2,000 megawatts of wind or othefr renewable energy by the end of 2011. American Electric (NYSE:AEP) delivers electricity in 11 states, including The company last yearearned $1.38 billion on $14.6 billion in revenue.