The Texas Public Utility Commission has dealt a crushing blow to American Electric Power Co’s Wind Catcher project by unanimously rejecting a proposal for the largest wind farm in the US, that was proposed to be built at a cost of $4.5 billion.
The commission said the project does not offer enough benefits for ratepayers under its current structure.
Paul Patterson, an analyst at Glenrock Associates LLC said: “Almost everyone was opposed to this. Barring any big concessions from AEP, it looks to me like it’s dead.”
The decision comes utility owners such as Xcel Energy and Berkshire Hathaway look to charge consumers for renewable projects that have become increasingly more competitive with fossil fuel source electricity.