Dive Summary:

• The Public Utilities Commission of Ohio has found that American Electric Power (AEP) "did not prove that" its Turning Point Solar project is needed.
• The project, which was developed by Agile Energy and was meant to deploy more than 225,000 solar panels, is likely dead as a result of the finding.
• AEP currently has no way to pay for the project and had hoped to receive funding for $180 million of the $250 million project.

From the article:

Michael Morris, the CEO of AEP, was a supporter of the project and AEP had expressed interest in investing once the project was developed. But now AEP has no way to pay for the project, having hoped for an on-bill charge to cover the cost of the $180 million to $250 million project. AEP spokeswoman Terri Flora said that the vote is a severe blow that undoes years of work, according to Gearino's report.

Turning Point is a project championed by then-Democratic Governor Ted Strickland which was just given the boot by a majority Republican PUC. Strickland promoted the solar project in the closing weeks of his failed 2010 re-election campaign, highlighting the hundreds of jobs it would create. ...