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11/9/2006
AUSTIN, Texas – AEP Texas North Company (TNC) today filed a request with the Public Utility Commission of Texas (PUCT) to increase the transmission and distribution rates charged to retail electric providers (REPs).
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11/9/2006
AUSTIN, Texas – AEP Texas Central Company (TCC) today filed a request with the Public Utility Commission of Texas (PUCT) to increase the transmission and distribution rates charged to retail electric providers (REPs).
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11/6/2006
Announcement part of AEP strategy to grow its transmission business
COLUMBUS, Ohio – American Electric Power (NYSE: AEP) has signed a memorandum of understanding (MOU) with MidAmerican Energy Holdings Co. (MidAmerican) to form a joint venture company to build and own new electric transmission assets within the Electric Reliability Council of Texas (ERCOT).
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10/27/2006
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10/19/2006
AEP Texas completed some temporary repairs to its damaged high voltage transmission line south of Corpus Christi this afternoon to lessen the potential for a significant outage in the Rio Grande Valley.
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10/17/2006
A major transmission line failure outside Corpus Christi has created the potential for a significant outage in the Rio Grande Valley if additional transmission failures or generation outages occur.
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10/13/2006
Saving $30, and protecting the environment, is as easy as changing a light bulb. If every American household changed a single light bulb to an Energy Star bulb, it would save enough energy to light more than 2.5 million homes, while also saving consumers money. AEP Texas is helping to spread the word about "Change A Light, Change The World," an annual campaign that encourages Americans to replace a conventional bulb or fixture in their home or workplace with one that has earned the government´s Energy Star label for energy efficiency.
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10/10/2006
American Electric Power (NYSE: AEP) will form a joint venture company to fund and own new electric transmission assets in Texas, the company announced today.
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8/31/2006
(News release from GE Energy)
ATLANTA, GA.—August 31, 2006 — American Electric Power (AEP) has selected GE Energy’s Variable Frequency Transformer (VFT) technology to maintain grid reliability in the Laredo, Texas area along the United States border with Mexico. The VFT will establish an asynchronous transmission link between AEP’s Texas Central Company (TCC) and Mexico’s Comisión Federal de Electricidad (CFE).
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5/22/2006
AEP Texas Central Company (TCC), a Texas electric transmission and distribution unit of American Electric Power (NYSE: AEP), today filed a unanimous settlement agreement with the Public Utility Commission of Texas in its securitization financing order proceedings. As part of the settlement, all parties agreed not to appeal the securitization financing order when issued by the PUCT.
“Reaching a settlement proactively resolves any issues that could otherwise result in lengthy appeals of the order and will allow us to move forward as quickly as possible to issue the securitization bonds after we receive the order from the Texas commission,” said Michael G. Morris, AEP’s chairman, president and chief executive officer. “Issuing the bonds as soon as practical after the order benefits all parties and will save our TCC customers significant interest charges on the true-up balance that would otherwise have continued to accrue during any appeals of the order.”
TCC hopes to receive a securitization financing order from the PUCT by the end of June and expects to issue the securitization bonds in fall 2006.
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5/2/2006
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4/18/2006
News Release Issued by ERCOT, 10:55 a.m.
AUSTIN, April 18, 2006 – The Electric Reliability Council of Texas (ERCOT) anticipates adequate generation for today´s electricity demand -- barring unforeseen circumstances -- but is still asking Texas electric consumers to conserve electricity during peak hours due to the continuing high temperatures.
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4/17/2006
AEP Texas temporarily interrupted power to parts of its service area Monday afternoon in answer to a statewide emergency called by the Electric Reliability Council of Texas (ERCOT). AEP Texas rotated the areas affected by the controlled outages so electricity users would not be without service for more than 30 to 45 minutes whenever possible.
ERCOT is appealing to customers across the region to voluntarily curtail electric usage between the hours of 3 p.m. and 7 p.m. on Tuesday, when the heat wave is expected to continue:
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Turn thermostats up
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Reduce lighting
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Avoid running non-essential electric equipment and appliances
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3/3/2006
AEP Texas Central Company (TCC), a Texas electric transmission and distribution unit of American Electric Power (NYSE: AEP), today filed with the Public Utility Commission of Texas for approval of a financing order to issue $1.804 billion in low-cost securitization bonds to fund the stranded costs and regulatory assets balance authorized by the commission.