• Under the Public Utilities Commission's decision, there will be a cost-based capacity price of $188.88/MW/day, but AEP must charge competitive electric suppliers at a lower price that depends on on the market's capacity.
• The arrangement uses  a reliability pricing model (RPM) as an incentive to invest in the reliability of generation and transmission infrastructure.
• The new system takes effect Aug. 8, with the current two-tier pricing arrangement in effect for bills on a cycle that ends up through Aug. 7.

From the article:

The Public Utilities Commission of Ohio (PUCO) has adopted a capacity pricing system designed to transition AEP-Ohio to a fully competitive retail entity. ...