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CAC legal eagles build on $55 million AEP victory with federal, state cases Of course, CAC supporters in northern Indiana already know the big legal story of 1999: AEP customers received $55 million in credits this summer due to an out of court settlement. The issue in this case was the extended shutdown of AEP’s D.C. Cook nuclear plant. AEP customers were charged higher electric bills when AEP’s management of the plant caused federal regulators to shut Cook down in September of 1997. After this point, AEP purchased more expensive replacement power and passed these costs along to consumers. In addition to the credits on July, August, and September electric bills which were marked "Fuel Cost Adjustment," AEP customer will also benefit from a five-year rate freeze, and will not be forced to shoulder the cost of restarting the D.C. Cook nuclear plant, currently estimated at $700 million. For more information on conditions at the Cook plant leading to the September 1997 shutdown, read the testimony of David Lochbaum.
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