Hot Damn!
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COLUMBUS and AKRON, Ohio, February 28, 2011 - American Electric Power (NYSE: AEP) and FirstEnergy Corp. (NYSE: FE) today announced their affiliates will file to withdraw their applications for state regulatory approval of the Potomac-Appalachian Transmission Highline (PATH) project following an announcement by regional grid operator PJM Interconnection that the project has been suspended.
http://www.pathtransmission.com/
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Here’s the announcement just in from PJM Interconnection:
The outlook for a slower economic recovery has led the Board of PJM Interconnection to direct transmission owners to suspend efforts on the Potomac-Appalachian Transmission Highline (PATH).
The news release doesn’t appear to be on PJM’s Web site yet, and apparently the board decision was made on Friday. Here’s more: