Wind turbines. Photo: Visual China Group/Getty Images

American Electric Power canceled its 2 GW Wind Catcher project after Texas utility regulators rejected it citing that it would not provide enough benefit to customers, reports Utility Dive.

Why it matters: This was slated to be the largest wind project ever in the United States, and would've provided power for the company's customers throughout four states.

What they're saying: Steven Fate, the vice president of the Public Service Company of Oklahoma, issued a statement saying he was "disappointed with the decision in Texas" resulting in the project's cancellation. “Wind Catcher represented an extraordinary opportunity to provide our customers with low cost, clean Oklahoma energy and create a positive economic impact across the state."

Editors note: This story has been updated to reflect the latest Oklahoma statement.

Go deeper

FDA approves Gilead's remdesivir as a coronavirus treatment

A production line of Remdesivir. Photo: Fadel Dawood/picture alliance via Getty Images

Gilead Sciences on Thursday received approval from the Food and Drug Administration for remdesivir, an antiviral treatment that has shown modest results against treating COVID-19.

Why it matters: It's the first and only fully FDA-approved drug in the U.S. for treating the coronavirus.

How the coronavirus pandemic could end

Illustration: Sarah Grillo/Axios

It's still the early days of the coronavirus pandemic, but history, biology and the knowledge gained from our first nine months with COVID-19 point to how the pandemic might end.

The big picture: Pandemics don't last forever. But when they end, it usually isn't because a virus disappears or is eliminated. Instead, they can settle into a population, becoming a constant background presence that occasionally flares up in local outbreaks.

Urban housing prices are on the rise

Data: ATTOM Data Solutions; Chart: Naema Ahmed/Axios

Home prices are rising rapidly across the U.S., according to ATTOM Data Solutions.

Driving the news: ATTOM released its 3Q 2020 figures this week, concluding that 77% of metro areas posted "double-digit annual home price gains." Profit margins rose in 86% of the 103 metropolitan statistical areas studied.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!