By EconMatters Utility giant American Electric Power (AEP) sent shock wave last week by suggesting consumers could see their electricity bills jump an estimated 40-60% in the next few years. AEP is one of the country’s largest investor-owned utilities, serving parts of 11 states with more than 5 million customers. As part of the company’s plan to comply with EPA’s new regulations, AEP said it would cost $6-8 billion in capital investments over the next decade to retire and retrofit its coal fired power plants to meet regulations that start taking effect in 2014. And that’s when the…
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