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American Electric Power CEO Says Speed to Market Key Issue in Load Connection

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-- American Electric Power (AEP) CEO Bill Fehrman said Tuesday that speed to market is the main issue in efficiently connecting energy load to generation.

In a Q1 earnings call, Fehrman said that, in particular, the performance and stakeholder approval process of PJM, the US mid-Atlantic grid operator, represents a major challenge.

"The current state of PJM's performance and stakeholder approval process does not give me great confidence that these issues will be resolved any time soon," Fehrman said on the call.

"In fact, if something is not done now, I expect we could still be having these same conversations in 10 years," he added.

Expanding and strengthening the grid will ensure new generation resources can connect quickly, reliably, and affordably to serve the growing load, the CEO said.

Price: $137.27, Change: $+2.61, Percent Change: +1.94%

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