Dive Summary:

• American Electric Power (AEP) has submitted filings to the Federal Energy Regulatory Commission (FERC) seeking approval to fully separate its Ohio generating assets from its Ohio distribution and transmission operations.
• The filings come after a decision from the Public Utilities Commission of Ohio in the company’s corporate separation case; AEP wants to transfer the generation to a new wholly owned company called AEP Generation Resources Inc.
• AEP anticipates a decision on the filings by mid-2013 and expect to implement the corporate separation in the related filings by January 1 of 2014.

From the article:

American Electric Power (AEP) has submitted filings to the Federal Energy Regulatory Commission (FERC) seeking approval to fully separate its Ohio generating assets from its Ohio distribution and transmission operations following an October 17 decision from the Public Utilities Commission of Ohio in the company's corporate separation case.

AEP requested approval to transfer about 9,200 MW of AEP Ohio-owned generation to a new wholly owned company — AEP Generation Resources Inc. ...