2010 News Releases

December 21, 2010

AEP Names Mark McCullough Executive Vice President of Generation

Mark C. McCullough has been named executive vice president – generation for American Electric Power, effective Jan. 1, 2011. He has been senior vice president – fossil and hydro generation since 2008.


December 20, 2010

AEP Board Elects Akins President; Morris Remains Chairman, CEO

American Electric Power’s board of directors has elected Nicholas K. Akins president, effective Jan. 1.


December 17, 2010

AEP Ohio withdraws from resolution of 2009 Significantly Excessive Earnings Test

AEP Ohio, a unit of American Electric Power, has withdrawn an agreement reached in late November with several parties that would have resolved pending cases in front of the Public Utilities Commission of Ohio (PUCO), including the company’s Significantly Excessive Earnings Test (SEET), Fuel Adjustment Clause (FAC) audit cases, and the merger application for Columbus Southern Power (CSP) and Ohio Power.


December 2, 2010

Live Webcast Scheduled Of Panel Presentation Featuring AEP Executive At Wells Fargo Conference

A live audio webcast has been scheduled of a panel presentation featuring Lisa Barton, senior vice president – transmission strategy and business development for American Electric Power, Dec. 8 at the 9th Annual Wells Fargo Pipeline, MLP and Energy Symposium in New York.


November 30, 2010

Resolution Of AEP Ohio’s 2009 Significantly Excessive Earnings Test Creates Value For Customers

Agreement recognizes 2009 earnings were not significantly excessive

AEP Ohio, a unit of American Electric Power, has reached an agreement today with several parties involved in the company’s Significantly Excessive Earnings Test (SEET) that will freeze rates previously authorized to increase up to 6 percent in 2011 for Columbus Southern Power (CSP) customers, create jobs, provide additional assistance for low-income customers, and increase investment in Ohio. The stipulation agreement requires approval by the Public Utilities Commission of Ohio (PUCO).


November 23, 2010

AEP Ohio Signs Long-Term Pact To Purchase Wind Energy From Horizon Wind Energy

AEP Ohio, a unit of American Electric Power, has signed a long-term power purchase agreement for wind energy with Paulding Wind Farm II LLC, a subsidiary of Horizon Wind Energy, a Houston-based company with over 20 wind farms across the United States.


November 10, 2010

AEP Honored As Military-Friendly Employer For Eighth Straight Year

G.I. Jobs magazine has named American Electric Power one of the nation’s top 100 "military-friendly" employers for the eighth consecutive year.


November 10, 2010

Presentation By AEP’s Senior Vice President And Treasurer At Citi North American Credit Conference To Be Webcast

AEP has scheduled a live audio webcast of a presentation by Chuck Zebula, senior vice president and treasurer, at the 2010 Citi North American Credit Conference in New York on Nov. 17.


November 1, 2010

AEP, MidAmerican Transmission Joint Venture To Develop Two 765-Kv Transmission Projects In The Midwest

Electric Transmission America is partnering on two transmission projects stretching from the Indiana/Ohio border to within Iowa to reinforce the grid and support renewable energy development.


October 27, 2010

Cook Nuclear Unit 2 Refueling Extended For Emergent Repairs

The refueling outage for Cook Nuclear Plant Unit 2 will be extended by two to three weeks for repairs to internal components of the reactor vessel.


October 27, 2010

American Electric Power Seeks Bids For Coal

AEP is seeking offers for the supply of coal to one or more of its generating stations.


October 27, 2010

AEP Announces Live Webcast Of Presentation At EEI Event Nov. 2

AEP has scheduled a live audio webcast of remarks by AEP executives Nov. 2 at the 45th annual Edison Electric Institute Financial Conference in Palm Desert, Calif.


October 26, 2010

American Electric Power Increases Quarterly Dividend 9.5 Percent

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 46 cents a share on the company’s common stock, increasing the dividend 9.5 percent from the previous 42 cents a share.


October 19, 2010

AEP Reports 2010 Third-Quarter Earnings

  • Third-quarter earnings $1.16 per share GAAP and $1.15 per share ongoing
  • Company narrows 2010 ongoing earnings guidance range to between $2.95 and $3.05 per share
  • Continued favorable impact of weather throughout entire service territory
  • Industrial sales growth experienced for two consecutive quarters


October 19, 2010

AEP Management To Recommend 9.5 Percent Dividend Increase, Sets Capital Budget And Ongoing Earnings Guidance For 2011

AEP´s management will recommend the board of directors increase the quarterly dividend by 9.5 percent, to $0.46 from $0.42 per share, AEP’s management will tell financial analysts today during a meeting in New York.


October 12, 2010

AEP Schedules Live Webcast Of Quarterly Earnings Meeting

AEP has scheduled a meeting with financial analysts in New York after the announcement of the company’s third-quarter 2010 earnings.


October 12, 2010

AEP, MidAmerican Transmission Joint Venture Completes SMARTransmission Study

Electric Transmission America (ETA), a transmission joint venture between subsidiaries of American Electric Power and MidAmerican Energy Holdings Company, today released the Phase Two report for a study of the transmission needed in the Upper Midwest to support renewable energy development and transport that energy to population and electricity load centers.


October 4, 2010

SWEPCO Finalizes Purchase Of VEMCO – Lower Rates For VEMCO Customers Begin In October

American Electric Power utility subsidiary AEP Southwestern Electric Power Company (SWEPCO) finalized the purchase of Valley Electric Membership Corporation (VEMCO) for approximately $102 million, including payment for VEMCO patronage capital, commonly known as capital credits, after closing of sale. VEMCO serves 30,000 residential, commercial and industrial customers in Caddo, DeSoto, Grant, Natchitoches, Red River, Sabine, Vernon and Winn parishes.


September 27, 2010

AEP Schedules Live Webcast Of CEO’s Presentation At Bank Of America Merrill Lynch Conference

American Electric Power has scheduled a live webcast of a presentation by Michael G. Morris, chairman, president and chief executive officer, at the Bank of America Merrill Lynch Power & Gas Leaders Conference in New York on Wednesday, Sept. 29.


September 24, 2010

AEP Honored As Adoption-Friendly Workplace

For the fourth consecutive year, American Electric Power has been named one of the most "adoption-friendly workplaces" by the Dave Thomas Foundation for Adoption.


September 23, 2010

AEP Headquarters Building Earns Recognition For Energy Efficiency Efforts

American Electric Power’s corporate headquarters building, 1 Riverside Plaza in Columbus, Ohio, has earned the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR, signifying that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency.


September 20, 2010

AEP Honored For Sixth Time As One Of The Best Companies For Working Mothers

American Electric Power has been named one of the "100 Best Companies for Working Mothers" for the sixth time in nine years by Working Mother magazine, a national publication targeting career-committed mothers.


September 17, 2010

American Electric Power Seeks Bids For Powder Basin River Basin Coal

AEP is seeking offers on behalf of Ohio Valley Electric Corporation (OVEC) and its subsidiary company for the supply of Powder River Basin coal to one or more of its generating stations.


September 15, 2010

AEP Subsidiary Indiana Michigan Power To Redeem Senior Notes

Indiana Michigan Power Co., a public utility subsidiary of American Electric Power, today announced that on Oct. 15, 2010, it will redeem the entire outstanding $150,000,000 principal amount of its 6.0% Senior Notes, Series D, due 2032.


September 7, 2010

AEP Schedules Live Webcast of CEO’s Presentation at Barclays Capital CEO Energy-Power Conference

American Electric Power has scheduled a live audio webcast of a presentation by Michael G. Morris, chairman, president and chief executive officer, at the Barclays Capital CEO Energy-Power Conference in New York on Sept. 15.


August 26, 2010

American Electric Power Seeks Quotes For Biodiesel

AEP is seeking quotes for the supply of biodiesel to one or more of its generating stations in Ohio.


July 30, 2010

AEP Reports 2010 Second-Quarter Earnings

  • Second-quarter earnings $0.28 per share GAAP, $0.74 ongoing
  • Company reaffirms 2010 ongoing earnings guidance of between $2.80 and $3.20 per share
  • Cost reduction and restructuring program results in net GAAP charge of $185 million
  • Industrial sales recover 9.4 percent from same period last year


July 28, 2010

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 42 cents a share on the company’s common stock.


July 23, 2010

AEP Schedules Live Webcast of Quarterly Earnings Call

AEP has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Friday, July 30. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts .


July 19, 2010

American Electric Power Seeks Bids For Coal

AEP is seeking offers for the supply of coal to one or more of its generating stations.


July 12, 2010

American Electric Power Seeks Bids For Powder River Basin Coal

AEP is seeking offers for the supply of Powder River Basin coal to one or more of its generating stations.


July 2, 2010

Smith To Oversee Ohio Valley Electric Corporation

Scott N. Smith has been named vice president and assistant to the president of OVEC, effective Aug. 1, according to Michael G. Morris, president of OVEC and chairman, president and chief executive officer of AEP.


July 1, 2010

AEP, MidAmerican Transmission Joint Venture Releases Phase One of SMARTransmission Study

Electric Transmission America (ETA), a transmission joint venture between subsidiaries of American Electric Power and MidAmerican Energy Holdings Company, today released Phase One of a comprehensive study of the transmission needed in the Upper Midwest to support renewable energy development and to transport that energy to population and electricity load centers.


June 24, 2010

SWEPCO changing Turk Plant status in Arkansas

Southwestern Electric Power Company (SWEPCO), a unit of American Electric Power, said today that construction of the John W. Turk, Jr. Power Plant will continue under an option to sell in other markets the power originally planned to serve the company’s Arkansas retail customers.


June 21, 2010

AEP Names Pauley President Of Kentucky Power

AEP has named Gregory G. Pauley president and chief operating officer of Kentucky Power, effective Aug. 1.


June 21, 2010

AEP and Allegheny Energy Announce New In-Service Deadline for PATH Transmission Project

American Electric Power and Allegheny Energy, Inc. today announced that new studies by independent grid operator PJM Interconnection recommend construction of the Potomac-Appalachian Transmission Highline (PATH) as the most effective solution to address numerous electric reliability concerns forecast for the Mid-Atlantic region.


June 17, 2010

SWEPCO’s J. Lamar Stall Unit at Arsenal Hill Now Online in Northwest Louisiana

Southwestern Electric Power Company (SWEPCO), an operating unit of American Electric Power, has begun commercial operation of the new J. Lamar Stall Unit at Arsenal Hill in Shreveport.


June 10, 2010

AEP Names President For AEP Texas

AEP has named A. Wade Smith president and chief operating officer for AEP Texas, effective July 1.


June 9, 2010

AEP Names Riordan Vice President – Engineering Services

Tim Riordan has been named vice president – Engineering Services for American Electric Power, effective July 1.


June 8, 2010

Appalachian Power, Wheeling Power Reach Settlement Agreement In West Virginia ENEC Case

Appalachian Power and Wheeling Power, together with the Public Service Commission of West Virginia (PSC) Staff, the PSC Consumer Advocate Division and other intervening parties, filed a settlement agreement in the companies’ ENEC case seeking the Commission’s approval.


June 1, 2010

SWEPCO Seeks Rehearing of Turk Plant Ruling

Southwestern Electric Power Company (SWEPCO), a unit of American Electric Power, today filed a petition for rehearing at the Arkansas Supreme Court.


May 27, 2010

Remarks By President Of AEP Transmission At Credit Suisse Conference To Be Webcast

AEP has scheduled a live audio webcast of a presentation by Susan Tomasky, president of AEP Transmission, at the Credit Suisse Future of Energy Conference in Washington, D.C., on June 2.


May 25, 2010

AEP Honored For Fifth Consecutive Year As One Of The Best Companies For Multicultural Women

AEP is among 23 companies nationwide recognized as the “best companies for multicultural women” in the June issue of Working Mother magazine, a national publication targeting career-committed mothers.


May 13, 2010

AEP Announces Executive Leadership Changes

AEP will make executive leadership changes to support the company’s strategic goals and streamline operations, according to Michael G. Morris, chairman, president and chief executive officer.


May 7, 2010

AEP Schedules Live Webcast Of CEO’s Presentation At Deutsche Bank Securities Conference

AEP has scheduled a live audio webcast of a presentation by Michael G. Morris, chairman, president and chief executive officer, at the Deutsche Bank Securities Alternative Energy, Utilities & Power Conference in Washington, D.C., on May 11.


May 3, 2010

AEP Names Larry Weber To Lead Cook Nuclear

Lawrence J. Weber has been named senior vice president and chief nuclear officer of American Electric Power’s Cook Nuclear Plant in Bridgman, Mich., effective May 8.


April 29, 2010

AEP Reports 2010 First-Quarter Earnings

  • 2010 first-quarter earnings: $0.72 per share GAAP, $0.76 per share ongoing
  • Company reaffirms 2010 ongoing earnings guidance of between $2.80 and $3.20 per share


April 28, 2010

AEP Charts Financial, Environmental And Social Performance In First Integrated Corporate Accountability Report

AEP has released its first Corporate Accountability Report, presenting information about the company’s financial, environmental and social performance together for the first time.


April 27, 2010

American Electric Power Declares 400th Consecutive Quarterly Dividend On Common Stock; Increases Dividend To 42 Cents A Share

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 42 cents a share on the company’s common stock, increasing the dividend from the previous 41 cents a share and marking 100 years of consecutive quarterly dividends.


April 27, 2010

AEP Outperformed Expectations In 2009; Is Managing Lingering Effects Of The Economic Downturn, Shareholders Learn At Company’s Annual Meeting

AEP managed the economic upheaval of 2009 and outperformed expectations, but is now taking actions to address the lingering effects of the economic downturn and ensure sustainable financial performance, according to Michael G. Morris, AEP’s chairman, president and chief executive officer.


April 27, 2010

AEP Names Miller General Counsel

D. Michael Miller has been named senior vice president, general counsel and secretary at American Electric Power.


April 23, 2010

AEP Plans Live Webcast Of Annual Meeting Of Shareholders

AEP will provide a live webcast of its annual meeting of shareholders Tuesday, April 27, beginning at 9:30 a.m. EDT. The meeting will be held in Frankfort, Ky.


April 22, 2010

AEP Schedules Live Webcast Of Quarterly Earnings Call

American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Thursday, April 29.


April 1, 2010

Remarks By AEP´s Chief Financial Officer At Midwest Utilities Seminar To Be Webcast

AEP has scheduled a live audio webcast of a presentation by Brian X. Tierney, executive vice president and chief financial officer, at the Midwest Utilities Seminar in Chicago on April 8.


March 29, 2010

Remarks By President Of AEP Transmission At Soleil Securities Conference To Be Webcast

American Electric Power has scheduled a live audio webcast of a presentation by Susan Tomasky, president of AEP Transmission, April 1 at the Soleil Securities Diversified Utilities and Energy Conference in New York.


March 26, 2010

AEP Launches New Bilingual Public Safety Ad Campaign

Six new public safety advertisements from American Electric Power begin airing this month on broadcast and cable television networks across AEP’s 11-state service territory. Complementary print ads will appear in regional and local newspapers.


March 22, 2010

American Electric Power Seeks Bids For Coal

AEP is seeking offers for the supply of coal to one or more of its generating stations.


March 2, 2010

AEP Recognized As A Top Company For Executive Women

AEP has been named one of the top 50 companies for executive women by the National Association for Female Executives (NAFE). The list recognizes organizations whose programs and policies support women’s advancement and who have significant female representation in senior management and on boards of directors.


March 1, 2010

AEP´s Cook Nuclear Plant Unit 1 Refueling Outage Set To Begin

AEP´s Cook Nuclear Plant’s Unit 1 is scheduled to shut down early Wednesday to begin its 23rd refueling outage cycle. The 1,030-megawatt (MW) Unit 1 has been safely operating online since Dec. 20, 2009, following 15 months of extensive repair to its turbine.


February 15, 2010

AEPSC Is Seeking Bid Proposals For Coal On Behalf Of Its Operating Companies

The Fuel Procurement Department of the American Electric Power Service Corporation (“AEPSC”) is seeking bid proposals on behalf of one or more of its operating companies for the supply of coal to one or more power plants. AEPSC may enter into one or more agreements, each for the supply of Powder River Basin coal delivered by rail commencing as early as January 1, 2011.


February 12, 2010

AEP Ohio Issues RFP For Pre-Blended Coal And Biomass Fuel

AEP Ohio, an operating unit of American Electric Power (NYSE: AEP), is seeking proposals for the supply of pre-blended coal and sustainable biomass fuel for use at its Picway, Muskingum River, Conesville, Gavin and Cardinal plants in Ohio.


January 29, 2010

AEP Ohio Issues RFP for Biomass Fuel

AEP Ohio, an operating unit of American Electric Power, is seeking proposals for the supply of sustainable biomass fuel for use at its Picway, Muskingum River and Conesville plants in Ohio.


January 28, 2010

AEP Reports 2009 Fourth-Quarter and Year-End Earnings

  • Fourth-quarter earnings $0.50 per share GAAP and ongoing
  • 2009 year-end earnings $2.96 per share GAAP, $2.97 per share ongoing
  • AEP reaffirms its 2010 ongoing guidance range of between $2.80 and $3.20 per share


January 27, 2010

Remarks By AEP’s Chief Financial Officer at Credit Suisse Event to be Webcast

AEP has scheduled a live audio webcast of a presentation by Brian X. Tierney, executive vice president and chief financial officer, at the Credit Suisse Energy Summit in Vail, Colo., Feb. 2.


January 27, 2010

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 41 cents a share on the company’s common stock.


January 22, 2010

AEP Schedules Live Webcast of Quarterly Earnings Call

AEP has scheduled a quarterly earnings conference call with financial analysts for 10 a.m. EST Thursday, Jan. 28. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.