An Ohio power company wants data centers to pay their fair share of electricity use as demand surges amid the AI boom [Business Insider]
American Electric Power Company, Inc. (AEP)
Last american electric power company, inc. earnings: 2/20 06:57 am
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Source: Business Insider
The move is designed to protect ratepayers across the state. Facing a historic spike in electricity consumption from central Ohio's fast-growing cluster of data centers, a local utility company asked state regulators to make its most power-hungry customers "get more skin in the game." In a filing on Monday, AEP Ohio asked the state's public utilities commission to approve its proposals to create a new customer class and a set of tariffs specifically for data centers . It said these proposals would protect its other customers from rising rates and diminished service as well as ensure the Ohio electric grid's ability to serve future economic development projects amid unprecedented demand for new service connections. In the filing, AEP Ohio, a subsidiary of American Electric Power, revealed that it has recently received an unanticipated 30,000 megawatts of new service requests from data centers, cryptocurrency mines, and mobile data centers — containerized data centers that have t
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AEP
Earnings
- 4/30/24 - Miss
AEP
Sec Filings
- 7/22/24 - Form 8-K
- 7/16/24 - Form 4
- 7/2/24 - Form 4
- AEP's page on the SEC website