2015 News Releases

December 14, 2015

AEP Names McCord Vice President Safety & Health

American Electric Power has named Natalie J. McCord vice president, Safety & Health, effective Dec. 19. McCord will report to Lisa Barton, AEP's executive vice president, Transmission, who oversees AEP's Safety & Health program. McCord is replacing Ken Frazier who retired from the company at the end of October.


December 14, 2015

AEP Ohio Files Settlement Agreement On Expanded PPA Agreement provides price stability, supports economic development, adds significant environmental commitments

AEP Ohio, a unit of American Electric Power filed today with the Public Utilities Commission of Ohio (PUCO) a stipulated agreement in support of the company's expanded Purchase Power Agreement (PPA). The agreement will be signed or unopposed by 11 parties, including the PUCO staff, Sierra Club, Ohio Partners for Affordable Energy, Ohio Energy Group, Ohio Hospital Association, Mid-Atlantic Renewable Energy Coalition, as well as three competitive retail energy suppliers.


December 4, 2015

Grid Assuranceā„¢ Files Second Petition for Declaratory Order with the Federal Energy Regulatory CommissionCritical transmission equipment service company seeks additional declarations from FERC.

Grid Assuranceā„¢ today filed its second petition with the Federal Energy Regulatory Commission (FERC) seeking additional declarations that will provide regulatory clarity to further enable transmission-owning entities to participate in and subscribe to the service to strengthen transmission grid resiliency.


November 12, 2015

Appalachian Power Seeks Solar Energy Proposals In Virginia

Appalachian Power has issued pre-qualification documents for parties interested in bidding on an up-coming Request for Proposal (RFP) for up to 10 megawatts alternating current (MWac) of ground-mounted solar energy resources located in Virginia. The RFP will seek proposals that allow Appalachian either to own one or more solar projects or purchase such solar projects' output under one or more 20-year renewable energy purchase agreements.


November 12, 2015

AEP Completes Sale of AEP River Operations To ACL

American Electric Power today completed the sale of its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL), owned by Platinum Equity, for approximately $550 million.


November 8, 2015

AEP Narrows 2016 Operating Earnings Guidance Range, Raises Capex Forecast and Reinforces Earnings Growth Strategy

Company delivers solid shareholder value, ongoing 4 to 6 percent earnings growth with investment in regulated businesses


November 4, 2015

AEP Announces Live Webcast Of Presentation By Chief Executive Officer At EEI Financial Conference Nov. 10

American Electric Power has scheduled a live audio webcast of remarks by AEP Chairman, President and Chief Executive Officer Nicholas K. Akins Nov. 10 at the 50th annual Edison Electric Institute Financial Conference in Hollywood, Florida.


October 27, 2015

AEP Names Joel Gebbie To Lead Cook Nuclear Plant

Joel P. Gebbie has been named senior vice president and chief nuclear officer of American Electric Power's Donald C. Cook Nuclear Plant (Cook) in Bridgman, Mich., effective Jan. 1, 2016. Gebbie is currently site vice president at Cook, a dual-unit nuclear site with a total generating capacity of 2,150 megawatts.


October 22, 2015

AEP Reports Strong 2015 Third-Quarter Earnings, Increases 2015 Operating Earnings Guidance

  • Third-quarter 2015 GAAP and operating earnings $1.06 per share
  • 2015 operating earnings guidance range increased and narrowed to $3.67 to $3.77 per share from $3.50 to $3.65 per share
  • Investments in regulated businesses continue to support earnings growth


October 20, 2015

AEP Increases Quarterly Dividend To 56 Cents A Share

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 56 cents a share on the company's common stock, increasing the dividend 5.7 percent from the previous 53 cents a share. AEP last increased its dividend in October 2014.


October 15, 2015

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, Oct. 22. The call will be broadcast live over the Internet at http://www.aep.com/webcasts.


October 6, 2015

AEP Honored As Adoption-Friendly Workplace For Ninth Time

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


October 1, 2015

AEP To Sell AEP River Operations To American Commercial Lines

American Electric Power has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL), owned by Platinum Equity, for approximately $550 million.


September 25, 2015

Live Webcast Scheduled of Panel Presentation Featuring AEP Executive at Wolfe Research Conference

AEP has scheduled a live audio webcast of a panel presentation featuring Brian X. Tierney, AEP executive vice president and chief financial officer, at the Wolfe Research Power & Gas Leaders Conference in New York on Sept. 29.


September 23, 2015

AEP Energy To Build Solar Energy Center For Clyde, Ohio

AEP Energy, a subsidiary of American Electric Power, has partnered with the City of Clyde, Ohio, to design, build, own and operate a 3.6-megawatt solar energy array. The City of Clyde will purchase all the electricity generated by the solar panels to help meet the energy needs of the City's 3,000 municipal customers through a 20-year power purchase agreement.


September 14, 2015

Live Webcast Scheduled Of Panel Presentation Including AEP Executive At Bank Of America Merrill Lynch Power And Gas Leaders Conference

American Electric Power has scheduled a live audio webcast of a panel presentation including Lisa M. Barton, executive vice president - AEP Transmission, at the Bank of America Merrill Lynch 2015 Power and Gas Leaders Conference in Boston on Sept. 16.


September 10, 2015

AEP Announces Outcome Of PJM Capacity Auctions

American Electric Power today announced that 7,209 megawatts (MW) of the company's unregulated generation fleet in the PJM Interconnection cleared the capacity auction for the 2018-2019 delivery year, representing all of the capacity that AEP Generation Resources bid into the auction


August 25, 2015

AEP Names Partlow Vice President & Chief Security Officer

American Electric Power has named Stanley E. Partlow vice president and chief security officer effective Sept. 1. Partlow, 57, has served as managing director - Security & Aviation since 2010. In addition to Partlow's current responsibilities for physical security and AEP aviation, he will oversee the company's cyber security efforts. Partlow will report to Robert P. Powers, executive vice president and chief operating officer.


August 12, 2015

AEP Names Haynes Senior Vice President, Strategic Initiatives & Chief Risk Officer

American Electric Power has named Stephan T. Haynes senior vice president - Strategic Initiatives and Chief Risk Officer effective Aug. 3. Haynes, 54, was promoted from vice president - Strategic Initiatives and Chief Risk Officer, a position he has held since January 2008. Haynes will continue to report to Brian Tierney, executive vice president and chief financial officer.


July 27, 2015

AEP Names Wade Smith to Transmission Leadership Role; Bruce Evans to Lead AEP Texas

A. Wade Smith has been named senior vice president - Transmission Grid Development for American Electric Power (NYSE: AEP), effective Aug. 3. He will report to Lisa M. Barton, AEP's executive vice president - Transmission, and will oversee transmission planning, engineering, project services and reliability compliance. Smith currently serves as president and chief operating officer of AEP Texas.


July 23, 2015

AEP Reports Strong 2015 Second-Quarter Earnings, Increases And Narrows 2015 Earnings Guidance

  • Second-quarter 2015 GAAP and operating earnings $0.88 per share
  • AEP increases and narrows 2015 operating earnings guidance range to $3.50 to $3.65 per share
  • Company adds $200 million to its 2015 capital investment plan for transmission


July 21, 2015

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 53 cents a share on the company's common stock.


July 16, 2015

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, July 23. The call will be broadcast live over the Internet at http://www.aep.com/webcasts.


July 8, 2015

Osborne To Oversee Ohio Valley Electric Corporation

Robert A. Osborne has been named vice president and chief operating officer of the Ohio Valley Electric Corporation (OVEC), effective July 18, according to Nicholas K. Akins, president of OVEC and chairman, president and chief executive officer of American Electric Power (AEP).


June 12, 2015

American Electric Power Seeks Bids For Coal

COLUMBUS, Ohio, June 12, 2015 - AEP is seeking offers for the supply of coal to one or more of its generating stations.


June 10, 2015

Eight Utilities and Energy Companies Announce Plans for Critical Transmission Equipment Service Company

Eight electric utilities and energy companies today announced an initiative to provide improved responses to major events affecting the electric transmission grid by giving transmission-owning entities access to domestically warehoused long lead-time critical equipment.


June 5, 2015

AEP Names Dion Vice President, Technology Business Development

Philip J. Dion will join American Electric Power (NYSE: AEP) effective July 9 in a new position as vice president, Technology Business Development. "This new role at AEP will be focused on developing a business strategy to help us better anticipate and meet the evolving needs and expectations of our regulated utility customers."


May 13, 2015

AEP Releases 2015 Corporate Accountability Report

American Electric Power has released its 2015 Corporate Accountability Report, titled "Powering the Future," which includes discussion of the company's strategy, governance and financial performance.


April 28, 2015

AEP Subsidiary Appalachian Power To Redeem Senior Notes

Appalachian Power Company, a public utility subsidiary of American Electric Power, today announced that on May 28, 2015, it will redeem the entire outstanding $350 million principal amount of its 7.95 percent Senior Notes, Series R, due 2020. The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption, plus the required make-whole premium.


April 23, 2015

AEP Reports Strong First-Quarter 2015 Earnings, Driven By Solid Performance In Regulated And Competitive Businesses

  • First-quarter 2015 earnings $1.29 per share GAAP and $1.28 per share operating
  • Company reaffirms 2015 operating earnings guidance range of $3.40 to $3.60 per share


April 21, 2015

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 53 cents a share on the company's common stock.


April 21, 2015

AEP's Investment In Core, Regulated Operations Supporting Earnings Growth, Shareholders Learn At Company's Annual Meeting

American Electric Power continues to deliver shareholder value through a long-term growth strategy focused on investment in the company's core regulated operations, according to Nicholas K. Akins, AEP's chairman, president and chief executive officer. Akins addressed shareholders at the company's annual meeting today in Columbus, Ohio.


April 16, 2015

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, April 23. The call will be broadcast live over the Internet at http://www.aep.com/webcasts.


April 10, 2015

AEP Recommends Shareholders Reject "Mini-Tender" Offer From TRC Capital Corporation

COLUMBUS, Ohio, April 10, 2015 - American Electric Power (NYSE: AEP) has received notification of an unsolicited "mini-tender" offer by TRC Capital Corporation, a private Canadian investment company, to purchase up to 2 million shares of AEP's common stock, or approximately 0.41 percent of the company's outstanding shares, at a price of $53.45 per share. TRC Capital's offer price is 4.52 percent below the $55.98 closing price of AEP shares on April 8, 2015, the day before the offer commenced.


April 2, 2015

AEP Generation Resources Seeks Bids For Coal

COLUMBUS, Ohio, April 2, 2015 - AEP Generation Resources (AEPGR), a competitive company within AEP, is seeking offers for the supply of coal to one or more of its generating stations.


March 23, 2015

AEP To Review Strategic Alternatives For Its Competitive Barge Transportation Business

American Electric Power today announced that it is has engaged Morgan Stanley & Co. LLC to explore strategic alternatives for its competitive barge transportation subsidiary, AEP River Operations LLC. AEP River Operations is one of the largest U.S. inland marine transportation companies providing transportation services for bulk commodities, coal and liquids.


February 25, 2015

AEP Ohio Responds To Electric Security Plan Order By PUCO Order addresses continued support of reliability investments while delaying decision on PPA assets

The Public Utilities Commission of Ohio (PUCO) ruled today on the Electric Security Plan (ESP) of AEP Ohio, a unit of American Electric Power. According to company officials, the order provides for continued support of infrastructure investment efforts and recognizes the legality of a regulated utility establishing a Power Purchase Agreement (PPA). The order, however, delays a decision on whether the company can include its Ohio Valley Electric Corporation (OVEC) entitlement in the agreement.


February 19, 2015

AEP Named To Fortune World's Most Admired Companies List For Second Year

American Electric Power has been named to Fortune magazine's 2015 World's Most Admired Companies list in the electric and gas utilities sector. This was AEP's second year participating in the survey, which measures nine attributes related to financial performance and corporate reputation.


February 5, 2015

I&M to Build Five Solar Power Facilities

FORT WAYNE, Ind., Feb. 5, 2015 - Indiana Michigan Power (I&M), an operating unit of American Electric Power (NYSE: AEP), will add solar energy to its generation fleet following the Indiana Utility Regulatory Commission's approval of I&M's plans for five solar facilities with a combined capacity of nearly 16 megawatts.


January 28, 2015

AEP Reports 2014 Fourth-Quarter and Year-End Earnings;
Solid Performance Supported by Earnings Growth Strategy

  • Fourth-quarter 2014 earnings $0.39 per share GAAP and $0.48 per share operating
  • 2014 year-end earnings $3.34 per share GAAP and $3.43 per share operating
  • Company reaffirms 2015 operating earnings guidance range of $3.40 to $3.60 per share


January 21, 2015

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. EST Wednesday, Jan. 28. The call will be broadcast live over the Internet at http://www.aep.com/webcasts.


January 21, 2015

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 53 cents a share on the company's common stock.