The coal-fired power plant AEP/SWEPCO wants to build near Fulton, Ark., has been in the news the last couple weeks.

Last week, Louisiana regulators gave their blessing to the construction of the John W. Turk Jr. Power Plant. Texas regulators, on the other hand, withheld their approval pending further review.

These approvals are important because without them American Electric Power and its subsidiary Southwestern Electric Power Co. can’t pass the construction expense directly to its customers in those states. For that to happen, the regulators must certify that there is...

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