2017 News Releases

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.


November 2, 2017

AEP Announces Live Webcast Of Presentation By Chief Executive Officer At EEI Financial Conference Nov. 7

American Electric Power has scheduled a live audio webcast of remarks by AEP Chairman, President and Chief Executive Officer Nicholas K. Akins Nov. 7 at the 52nd annual Edison Electric Institute Financial Conference in Lake Buena Vista, Florida.


October 26, 2017

AEP Reports Third-Quarter 2017 Earnings; Narrows Full-Year Operating Earnings (Non-GAAP) Guidance Range to $3.55 to $3.68 Per Share

  • Third-quarter 2017 GAAP earnings of $1.11 per share; third-quarter 2017 operating earnings of $1.10 per share
  • Company reaffirms 2018 GAAP and operating earnings guidance range of $3.75 to $3.95 per share
  • Company reaffirms 5 to 7 percent operating earnings growth rate


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 20, 2017

AEP Schedules Live Webcast of Quarterly Earnings Call

AEP has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. EDT Thursday, Oct. 26. The call will be broadcast live over the internet at http://www.aep.com/webcasts.


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.


September 14, 2017

AEP Named One Of The Nation's Top 10 Utilities For Economic Development

Site Selection Magazine has named American Electric Power one of the nation's top 10 utilities for economic development. It is the sixth consecutive year AEP has been recognized by the magazine.


September 6, 2017

AEP to Participate in Barclays CEO Energy-Power Conference Company expects to discuss Texas storm costs during conference

AEP Executive Vice President and Chief Financial Officer Brian X. Tierney will meet with investors Sept. 7 at the Barclays CEO Energy-Power Conference in New York City.


August 29, 2017

American Electric Power Seeks Bids For Coal

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


August 23, 2017

AEP Named Best Place To Work For Disability Inclusion

American Electric Power has been named a Best Place to Work for Disability Inclusion for the second consecutive year.


July 27, 2017

AEP Reports Second-Quarter 2017 Earnings; Reaffirms Full-Year Earnings Guidance

  • Second-quarter 2017 GAAP earnings of $0.76 per share
  • Second-quarter 2017 operating earnings of $0.75 per share
  • Improved economic conditions support industrial sales growth


July 26, 2017

AEP Announces $4.5 Billion Investment In 2,000-Megawatt Wind Farm And Dedicated Power Line To Benefit Customers In Four States

Today, American Electric Power (NYSE: AEP) announced a major clean energy project, Wind Catcher Energy Connection, that will provide nearly 9 million megawatt-hours of new wind energy annually to its customers in Arkansas, Louisiana, Oklahoma and Texas.


July 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.


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.


May 16, 2017

American Electric Power Seeks Bids for Powder River Basin Coal

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


May 9, 2017

AEP and Dynegy Complete Ownership Transfer For Co-Owned Plants

AEP today completed the sale of AEP's 330-megawatt (MW) share of the Zimmer Plant to Dynegy and the purchase of Dynegy's 312-MW share of Conesville Plant.


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 26, 2017

AEP Reports 2017 First-Quarter Earnings; Performance On Track Despite Mild Weather For The Quarter

  • First quarter GAAP earnings $1.20 per share; operating earnings $0.96 per share
  • Company reaffirms 2017 operating earnings guidance
  • Strategic investments in regulated businesses support continued earnings growth


April 25, 2017

AEP Investing In Smarter Energy Grid And New Technologies For Customers, Shareholders Learn At Company's Annual Meeting

American Electric Power is focused on building the next generation energy grid and enhancing service for customers, according to Nicholas K. Akins, AEP's chairman, president and chief executive officer. Akins addressed shareholders at the company's annual meeting today in Charleston, West Virginia.


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.


April 20, 2017

AEP Schedules Live Webcast of Quarterly Earnings Call

AEP has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. EDT Thursday, April 27. The call will be broadcast live over the internet at http://www.aep.com/webcasts.


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.


February 23, 2017

AEP and Dynegy to Transfer Ownership of Co-Owned Power Plants

American Electric Power today signed agreements to sell AEP's 330-megawatt (MW) share of the Zimmer Plant to Dynegy and to purchase Dynegy's 312-MW share of Conesville Plant. AEP and Dynegy co-own both plants.


February 21, 2017

Powers to Retire From AEP in August

American Electric Power announced today that Robert P. (Bob) Powers, vice chairman, will retire from the company Aug. 4.


February 16, 2017

AEP Named One Of Fortune's World's Most Admired Companies For Fourth Consecutive Year

American Electric Power has been named to Fortune magazine's World's Most Admired Companies list in the electric and gas utilities sector for the fourth year in a row. The survey measures nine attributes related to financial performance and corporate reputation.


February 7, 2017

American Electric Power Seeks Bids For Coal

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


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 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.


January 20, 2017

AEP Schedules Live Webcast of Quarterly Earnings Call

AEP has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. EST Thursday, Jan. 26. The call will be broadcast live over the Internet at http://www.aep.com/webcasts.


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.


January 10, 2017

AEP To Participate In Evercore ISI Utility CEO Conference

American Electric Power Chairman, President and Chief Executive Officer Nicholas K. Akins will meet with investors Jan. 12 and 13, 2017, at the Evercore ISI Utility CEO Conference in Palm Beach, Florida.