November 7, 2017
AEP Names Llende Vice President, Tax
James X. Llende will join American Electric Power Nov. 9 as vice president, Tax, with responsibility for AEP 's federal, state and local tax compliance, tax audit, tax accounting and tax planning functions. He will replace Mark Pyle, who will retire from the company Jan. 28, 2018. Llende, 49, is currently senior tax director at NextEra Energy Inc. He will report to Joseph Buonaiuto, senior vice president, controller and chief accounting officer.
November 3, 2017
AEP To Fuel 5 To 7 Percent Earnings Growth With Investments In Regulated Business And Renewables; Raises CapEx
American Electric Power is increasing capital investment in its regulated operations and new, renewable generation over the next three years to provide more advanced, cleaner energy solutions for its customers. The company reaffirmed its 2018 operating earnings (earnings excluding special items) guidance range of $3.75 to $3.95 per share and its projected operating earnings growth rate of 5 to 7 percent. The company also reaffirmed its narrowed 2017 operating earnings guidance of $3.55 to $3.68 per share. AEP management will discuss the company's financial outlook and earnings growth strategy at the annual Edison Electric Institute Financial Conference that begins Sunday in Lake Buena Vista, Florida.
October 24, 2017
American Electric Power Increases Quarterly Dividend To 62 Cents A Share
COLUMBUS, Ohio, Oct. 24, 2017 - The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 62 cents a share on the company's common stock, an increase of 5.1 percent from the previous 59 cents a share. AEP last increased its dividend in October 2016.
October 3, 2017
AEP Expands Quality Sites Portfolio for Business Development
American Electric Power has announced the addition of 16 new industrial properties to its Quality Sites Program, which identifies optimal project-ready sites for customer development across its 11-state territory. The sites have undergone extensive evaluation to ensure they meet AEP's stringent readiness standards intended to minimize overall site location risk, save time and reduce site development costs.
September 27, 2017
AEP Generation Resources Seeks Bids For Limestone
AEP Generation Resources Inc. (AEPGR), a competitive generation subsidiary of American Electric Power Company (NYSE: AEP) today issued a request for proposal (RFP) for the supply of limestone to Cardinal and Conesville power plants.
September 22, 2017
Cardinal Operating Company to Hold Gypsum Auction Oct. 4
Cardinal Operating Company, operator of the Cardinal Power Plant, located near Brilliant, Ohio (Ohio River Mile Post 76.6), will be conducting an email auction on Oct. 4, 2017 for 50,000 wet tons of wallboard quality gypsum in calendar year 2018.
July 20, 2017
AEP Schedules Live Webcast of Quarterly Earnings Call
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. EDT Thursday, July 27. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
June 13, 2017
AEP Receives Back-To-Back Edison Awards From Edison Electric Institute
AEP today received the 2017 Edison Award, the Edison Electric Institute's (EEI) premier award recognizing "distinguished leadership, innovation and contribution to the advancement of the electric industry for the benefit of all." AEP is the first U.S. company to receive the Edison Award in consecutive years and has earned this honor three of the last five years. AEP has won more Edison Awards than any other company, a total of seven since the 1950s.
May 25, 2017
AEP Releases 2017 Corporate Accountability Report
AEP issued its 2017 Corporate Accountability Report today, the 11th annual assessment of AEP's stewardship as a public company and a community partner. It is accessible online at www.aepsustainability.com.
April 28, 2017
AEP Generation Resources Seeks Bids for Coal
AEP Generation Resources Inc. (AEPGR), a competitive generation subsidiary of American Electric Power Company (NYSE: AEP), is seeking proposals for the supply of coal to one or more generating stations.
April 25, 2017
American Electric Power Declares Quarterly Dividend On Common Stock
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 59 cents a share on the company's common stock. The dividend is payable June 9, 2017, to shareholders of record as of May 10, 2017, and is the company's 428th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.
March 8, 2017
AEP Unveils New Logo, Brand Identity
American Electric Power today unveiled a new corporate logo and tagline as part of its focus on providing innovative energy solutions for customers and communities.
January 30, 2017
AEP Completes Sale of Four Competitive Power Plants
American Electric Power today completed the sale of four competitive power plants to Lightstone Generation LLC, a joint venture of Blackstone (NYSE: BX) and an affiliate of ArcLight Capital Partners LLC (ArcLight), for approximately $2.1 billion.
January 26, 2017
AEP Reports 2016 Fourth-Quarter and Year-End Earnings
- Fourth-quarter 2016 earnings of $0.76 per share GAAP and $0.67 per share operating
- Year-end 2016 earnings of $1.24 per share GAAP and $3.94 per share operating
- Investments in regulated businesses drive continued earnings growth
January 19, 2017
AEP Joins Army PaYS Program To Provide Private Sector Job Opportunities For Veterans
American Electric Power has joined the U.S. Army Partnership for Youth Success (PaYS), a program designed to accelerate the transition of veterans to careers in the private sector. AEP announced its participation in the program during a signing ceremony today attended by employees; AEP Chairman, President and Chief Executive Officer Nicholas K. Akins; Columbus Recruiting Battalion Commander, Lt. Col. Clydellia S. Prichard-Allen; U.S. Reps. Steve Stivers and Joyce Beatty; and Ohio Lt. Gov. Mary Taylor.