News Releases
July 11, 2024
July 11, 2024
American Electric Power Seeks Bids for Coal
American Electric Power today issued a request for proposal (RFP) for the supply of coal to one or more of its generating stations in multiple coal regions.
American Electric Power today issued a request for proposal (RFP) for the supply of coal to one or more of its generating stations in multiple coal regions.
June 26, 2024
June 26, 2024
AEP Names Industry Veteran Bill Fehrman as President and Chief Executive Officer
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Fehrman is an accomplished leader with decades of industry experience and expertise
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Benjamin G.S. Fowke III to serve as senior advisor during transition and remain a Board member
American Electric Power’s Board of Directors has elected William J. “Bill” Fehrman as president and chief executive officer, effective Aug. 1, 2024.
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Fehrman is an accomplished leader with decades of industry experience and expertise
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Benjamin G.S. Fowke III to serve as senior advisor during transition and remain a Board member
American Electric Power’s Board of Directors has elected William J. “Bill” Fehrman as president and chief executive officer, effective Aug. 1, 2024.
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%.
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
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.
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
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.
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.
May 1, 2024
May 1, 2024
AEP Releases 2024 Corporate Sustainability Report
American Electric Power issued the 2024 Corporate Sustainability Report, an annual assessment of its sustainable business practices, strategy, performance and impact.
American Electric Power issued the 2024 Corporate Sustainability Report, an annual assessment of its sustainable business practices, strategy, performance and impact.
April 30, 2024
April 30, 2024
AEP Reports First-Quarter 2024 Earnings, Reaffirms Guidance
- First-quarter 2024 GAAP earnings of $1.91 per share; operating earnings of $1.27 per share
- Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7%
- Economic development focus helps drive 10.5% commercial load growth year over year in the first quarter
- First-quarter 2024 GAAP earnings of $1.91 per share; operating earnings of $1.27 per share
- Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7%
- Economic development focus helps drive 10.5% commercial load growth year over year in the first quarter
April 29, 2024
April 29, 2024
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. ET Tuesday, April 30. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, April 30. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
April 23, 2024
April 23, 2024
AEP Declares Quarterly Dividend on Common Stock
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock.
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock.
April 23, 2024
April 23, 2024
AEP Recognized as One of America’s Best Employers for Diversity
American Electric Power was included in Forbes Best Employers for Diversity 2024 list.
American Electric Power was included in Forbes Best Employers for Diversity 2024 list.
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