Two of world’s largest power grids agree to collaborate

RTE Director, Andre Merlin, appointed by the French Ministry of Energy as the head of RTE, is expecting very much from this agreement. “RTE has 50 years of experience in operating the largest control area in the world and PJM is one of the most successful ISOs, operating different kinds of markets in a deregulated environment. We will learn from each other; it is a win-win agreement.”

Jan. 23, 2001–American Electric Power Co. (AEP) expects 2001 earnings to be $3.40-$3.50/share, Chairman E. Linn Draper Jr. said Tuesday, up from $2.70/share in 2000.

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