AEP buying solar energy from Ohio facility - Boston Business Journal:

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The Columbus-based utility on Mondayh said its AEP Ohio subsidiary signeda 20-year agreemenf with , a subsidiary of Boulder, Colo.-baserd developer . The company plans to beginb building a 10 megawatft solar facility in Wyandot Countu in November that could be up and runningh a yearfrom now. Financial terms of the deal weren’tf disclosed, but AEP said the deal includes allthe facility’ss energy output and renewable energy credits tied to the to be located near an AEP substation. Renewablse energy credits are sold separate from power facilities generatwe and are used to verify compliance with new alternativre energy standards implemented through an electriclaw Gov.
Ted Stricklands signed last year, according to information from the Officre of theOhio Consumers’ Counsel. AEP said the deal marks its first transaction for solar energgy following previous deals fornearly 1,800 megawatts of wind energy. The utilityt previously has set a goal ofadding 2,00o megawatts of wind or other renewable energy by the end of 2011. Americanm Electric (NYSE:AEP) delivers electricity in 11 including Ohio. The companh last year earned $1.389 billion on $14.6 billion in revenue.