AEP Ends Transmission Underpayment Claims With $9.5M Deal

Law360, New York (January 11, 2013, 4:07 PM EST) -- American Electric Power Co. will pay $9.5 million to settle claims it shortchanged Integrys Energy Services Inc. on energy transmission payment adjustments following a Federal Energy Regulatory Commission transmission rate alteration, according to a settlement filed with the regulator Thursday.

According to the agreement, AEP will pay a lump sum to Integrys to settle claims before both FERC and — assuming FERC approval — the D.C. Circuit, that six of its units had failed to fully reimburse Integrys and its subsidiary Quest Energy LLC, under a...
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