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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.

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.

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.

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

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.

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.

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.

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.

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.

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

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