Talen requests rehearing on rejected Amazon data center power pact [Yahoo! Finance]
American Electric Power Company, Inc. (AEP)
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Source: Yahoo! Finance
Amazon data center located on the site of Talen's Pennsylvania nuclear plant, according to a filing on Thursday. The Federal Energy Regulatory Commission this month struck down Talen's interconnection deal to increase the capacity of the Amazon data center beyond 300 megawatts. The decision was seen as a blow to Talen and other independent electricity generators whose company shares had risen this year on the prospect of striking similar deals to connect Big Tech data centers directly to their power plants. "With only a few cursory paragraphs of flawed analysis, the (FERC) erroneously rejected a privately negotiated agreement that was supported by all signatories and in so doing damaged U.S. economic and national security interests," Talen said in its rehearing request. Talen said FERC failed to apply the correct legal standard in making its decision, and that it did not take into account all of the recorded evidence or adequately explain why the pact was rejected. Amazon bo
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AEP
Earnings
- 11/6/24 - Beat
AEP
Sec Filings
- 11/8/24 - Form SC
- 11/6/24 - Form 3
- 11/6/24 - Form 8-K
- AEP's page on the SEC website