May 13, 2024
May 13, 2024
AEP Retains AEP Energy, Reaffirms 2024 Earnings Guidance
American Electric Power announced today it will retain its retail energy business, AEP Energy. The company is reaffirming its 2024 operating earnings guidance of $5.53 to $5.73 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%.
May 13, 2024
AEP Signs Agreement to Sell Distributed Resources Business to Basalt
American Electric Power has entered into an agreement to sell its distributed resources business, AEP OnSite Partners (“OnSite”), to funds advised by Basalt Infrastructure Partners LLC. AEP expects to net approximately $315 million in cash after taxes and transaction fees, subject to customary closing adjustments. The sale is expected to close in the third quarter of 2024, pending regulatory approvals.
May 13, 2024
AEP Names Chris Brathwaite Chief Communications Officer
American Electric Power has named Chris Brathwaite vice president and chief communications officer, effective today. He will report to Phil Ulrich, executive vice president and chief human resources officer.
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Media Contacts
Questions about AEP? Please email us at mediarelations@aep.com.
To reach individual media relations staff, contact:
Tammy Ridout
Managing Director – External Communications
614-716-2347
Scott Blake
Director – Media Relations & Policy Communications
614-716-1938
Sarah Devine
Principal Communications Consultant
614-716-2011
Alexis Bartolomucci
Senior Communications Consultant
614-716-2942
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