AEP Energy is installing a 101kW solar array on the roof of The Ohio State University's Student Life Recreation and Physical Activities Center (RPAC). AEP Energy will fund, build, own and operate the approximately 10,000-square-foot array, made up of 367 solar panels arranged in a configuration similar to the "Block O." Installation is expected to be completed in approximately eight weeks. The solar array is valued at approximately $400,000, and the electricity produced by the array – approximately 116,000 kilowatt-hours (kWh) annually – will be supplied to Ohio State at a rate of $.04 per kWh throughout the next eight years. After eight years, Ohio State and AEP Energy may opt to enter into a renewal agreement or allow the agreement to terminate.
AEP Energy is a Certified Retail Electric Service (CRES) provider affiliated with American Electric Power (NYSE: AEP). AEP Energy supplies electricity to business and residential customers in Ohio and other deregulated electricity markets. AEP Energy also is a retail natural gas supplier certified by the Public Utilities Commission of Ohio as a Competitive Retail Natural Gas Service (CRNGS) provider. In addition, AEP Energy offers custom energy solutions, including demand response and energy efficiency services. Details