Ohio asks feds to audit power generators, American Electric Power -2.7%

|About: American Electric Power Com... (AEP)|By:, SA News Editor

Following a winter of forced power outages, Ohio's Public Utilities Commission is urging federal regulators to audit power generators’ claimed capabilities.

Heavy winter use strained the capacity of regional transmission organizations and electric companies such as American Electric Power (AEP -2.7%) and led to, at times, 22% (40K MW) of forced outages for generating capacity vs. the average rate of 7%.

The Ohio group says the increased outage rates are proof that generating units are not being properly maintained to ensure that they work during peak demand.