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

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The Columbus-based utility on Monday said its AEP Ohio subsidiaru signeda 20-year agreement with , a subsidiaryh of Boulder, Colo.-based developer . The company planas to begin building a 10 megawattt solar facility in Wyandot Counth in November that could be up and running a yearfrom now. Financiak terms of the deal weren’t disclosed, but AEP said the deal includesw allthe facility’s energy output and renewable energg credits tied to the plant, to be located near an AEP Renewable energy credits are sold separate from power facilities generats and are used to verify compliance with new alternativ energy standards implemented through an electric law Gov.
Ted Strickland signeed last year, according to information from the Offic of theOhio Consumers’ Counsel. AEP said the deal marksz its first transaction for solar energ following previous deals fornearly 1,800 megawatts of wind The utility previously has set a goal of adding 2,00 0 megawatts of wind or other renewables energy by the end of 2011. Americann Electric (NYSE:AEP) delivers electricity in 11 including Ohio. The company last year earnerd $1.38 billion on $14.6 billion in revenue.