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July 30, 2010
- 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
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 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 .
May 7, 2010
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.
April 29, 2010
- 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 27, 2010
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 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 23, 2010
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
American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Thursday, April 29.
March 29, 2010
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.
January 28, 2010
- 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
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 27, 2010
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 22, 2010
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.
November 20, 2009
Public Service Company of Oklahoma, a public utility subsidiary of American Electric Power today announced that on December 21, 2009, it will redeem the entire outstanding $150,000,000 principal amount of unsecured 4.85% Senior Notes, Series C, due September 15, 2010.
November 1, 2009
AEP has set its ongoing earnings guidance range and capital expenditures budget for 2010. AEP will also form a transmission company as part of its strategy to pursue transmission investment opportunities in AEP’s traditional footprint.
October 29, 2009
- 2009 third-quarter earnings $0.93 per share GAAP and ongoing
- AEP tightens 2009 ongoing guidance range to between $2.90 and $3.05 per share from previous range of between $2.75 and $3.05 per share
- Third-quarter ongoing EPS matches prior period despite dilutive effect of additional shares outstanding, mild weather, weak economy
October 28, 2009
American Electric Power has scheduled a live audio webcast of remarks by AEP executives Nov. 3 at the 44th annual Edison Electric Institute Financial Conference in Hollywood, Fla.
October 27, 2009
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.
October 23, 2009
American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Thursday, Oct. 29. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts .
July 31, 2009
- 2009 second-quarter earnings $0.67 per share GAAP, $0.68 per share ongoing
- Improved rate structures contribute to earnings stability
- Weak economy reflected in industrial, off-system sales
July 29, 2009
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.
May 21, 2009
American Electric Power has scheduled a live audio webcast of remarks by Holly Koeppel, AEP executive vice president and chief financial officer, May 27 at the Deutsche Bank 2009 Energy, Utilities and Power Conference in Miami Beach, Fla.
April 28, 2009
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.
April 24, 2009
- 2009 first-quarter earnings: GAAP and ongoing $0.89 per share
- Impact of lower off-system sales and reduced industrial sales somewhat offset by higher rates in several jurisdictions
- Company reaffirms its 2009 ongoing guidance of between $2.75 and $3.05 per share
April 3, 2009
American Electric Power announced today that the underwriters of its public offering exercised their over-allotment option to purchase an additional 9 million common shares. The option was granted in connection with the company´s public offering of 60 million common shares, which priced on April 1, 2009, at an offering price of $24.50 per share. AEP expects gross proceeds from the offering to be approximately $1.69 billion.
March 30, 2009
AEP has revised its 2009 ongoing earnings guidance, establishing a guidance range of between $2.75 and $3.05 per share. The revised guidance recognizes current operating and economic factors and reflects dilution from the company’s planned issuance of new equity.
March 30, 2009
AEP announced today that it plans to offer approximately 50 million shares of the company’s common stock in a registered public offering. In addition, the underwriters are expected to have an over-allotment option to purchase up to 7.5 million additional shares of the company’s common stock. The company will use the net proceeds from the sale to reduce its debt.
January 29, 2009
- 2008 fourth-quarter earnings: $0.38 per share GAAP, $0.59 per share ongoing
- 2008 full-year earnings: $3.43 per share GAAP, including one-time items; $3.24 per share ongoing
- Company reaffirms its ongoing earnings guidance range for 2009 of between $3.00 and $3.40 per share
January 28, 2009
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 23, 2009
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 10 a.m. EST Thursday, Jan. 29. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
October 31, 2008
- 2008 third-quarter earnings $0.93 per share GAAP and ongoing
- Unfavorable weather key factor in decline from prior year
- AEP tightens 2008 ongoing guidance range to between $3.15 and $3.25 per share
October 28, 2008
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.
July 31, 2008
- 2008 second-quarter earnings $0.70 per share GAAP and ongoing
- Earnings improved over prior period despite milder weather in eastern service territories, impact of flooding on barge operations
- Wholesale activities, utility rate increases key contributors in quarter
- AEP reaffirms 2008 ongoing guidance range of between $3.10 and $3.30 per share
April 24, 2008
- 2008 first-quarter earnings: $1.43 per share GAAP, $1.02 per share ongoing
- Tractebel Energy Marketing settlement increases GAAP earnings for quarter
- Ongoing earnings for quarter aided by approved rate increases, recovery of Oklahoma ice storm costs
- Company reaffirms ongoing earnings guidance range for 2008 of $3.10 to $3.30 per share
April 22, 2008
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 41 cents a share on the company’s common stock.
March 12, 2008
American Electric Power Co. (NYSE: AEP) announced today that proxy materials for its 2008 Annual Meeting of Shareholders are available through the Internet under the Securities and Exchange Commission’s (SEC) new Notice and Access rule.
January 29, 2008
- 2007 fourth-quarter earnings: $0.58 per share GAAP, $0.52 per share ongoing
- 2007 full-year earnings: $2.73 per share GAAP, $3.00 per share ongoing
- New rates for utilities in five states, favorable weather, marketing successes increase ongoing earnings for the quarter and year
- Company increases ongoing earnings guidance for 2008 to between $3.10 and $3.30 per share
January 23, 2008
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 41 cents a share on the company’s common stock.
October 24, 2007
- 2007 third-quarter earnings: $1.02 per share GAAP, $1.16 per share ongoing
- AEP’s utilities have strong quarter
- Company once again confirms earnings guidance for 2007
October 23, 2007
The Board of Directors of American Electric Power Co. (NYSE: AEP) today approved an increase in the regular quarterly cash dividend on a share of the company’s common stock to 41 cents a share from the previous 39 cents a share.
October 4, 2007
American Electric Power (NYSE: AEP) will recommend its board of directors increase the annual dividend, the company said this morning during presentations to investors and analysts in New York. AEP also increased its long-range forecast for ongoing earnings growth.
September 28, 2007
American Electric Power has scheduled a live audio webcast of management presentations at the company’s Analyst and Investor Meeting Oct. 4 in New York.
July 31, 2007
- 2007 second-quarter earnings: $0.45 per share GAAP, $0.64 per share ongoing
- Effect of Virginia re-regulation reduces GAAP earnings
- Ongoing earnings from Utility Segment increase 50 percent from prior year, reflecting rate changes, favorable weather, increased usage and off-system sales
- Company reaffirms 2007 ongoing earnings guidance of $2.85 to $3.05 per share
July 25, 2007
COLUMBUS, Ohio, July 25, 2007 – The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 39 cents a share on the company’s common stock.
April 26, 2007
- 2007 first-quarter earnings: $0.68 per share GAAP and ongoing
- Company sees growth in retail sales; expansion in utility gross margin shows benefit of rate relief in a number of jurisdictions
- Decline in earnings from prior period was expected because of planned generation outages for completion of environmental projects, increased expenses and an anticipated reduction in items that contributed to 2006 earnings
- AEP reaffirms 2007 ongoing earnings guidance range of between $2.85 and $3.05 per share
April 24, 2007
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 39 cents a share on the company’s common stock.
January 30, 2007
- 2006 fourth-quarter earnings: GAAP $0.46 per share, ongoing $0.38 per share
- 2006 full-year earnings: GAAP $2.54 per share, ongoing $2.77 per share
- Earnings for both periods increased from same periods in 2005
- Revenue from utility rate changes, MEMCO barge operations drive improvement
November 27, 2006
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of a presentation by Holly Koeppel, AEP’s executive vice president and chief financial officer, at the Calyon Securities Utilities & Energy Merchants Conference in New York Nov. 30.
October 31, 2006
- 2006 third-quarter earnings: GAAP $0.67 per share, ongoing $0.99 per share
- Ongoing earnings up from same period last year
- Off-system sales, MEMCO barge operations, revenue from rate changes drive earnings improvement
October 24, 2006
The Board of Directors of American Electric Power Co. (NYSE: AEP) today approved an increase in the regular quarterly cash dividend on a share of the company’s common stock to 39 cents a share from the previous 37 cents a share.
October 10, 2006
American Electric Power (NYSE: AEP) increased its long-range ongoing earnings growth forecast and will recommend its board of directors increase the dividend, the company said this morning during presentations to investors and analysts in New York.
October 10, 2006
American Electric Power (NYSE: AEP) today said that it expects third-quarter 2006 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of approximately $0.67 per share and third-quarter 2006 ongoing earnings (earnings excluding special items) of approximately $0.99 per share. Third-quarter 2005 GAAP earnings were $0.99 per share and third-quarter 2005 ongoing earnings were $0.95 per share.
July 27, 2006
- 2006 second-quarter earnings: GAAP $0.44 per share, ongoing $0.44 per share
- AEP increases 2006 ongoing earnings guidance range to between $2.65 and $2.80 per share from the previous range of between $2.50 and $2.70 per share
July 26, 2006
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 37 cents a share on the company’s common stock.
April 27, 2006
- 2006 first-quarter earnings: GAAP $0.97 per share, ongoing $0.96 per share
- Increases in customers and usage, regulatory rate changes and strong results from MEMCO more than offset unfavorable weather in the quarter
- Company reaffirms 2006 ongoing guidance of between $2.50 and $2.70 per share
April 25, 2006
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 37 cents a share on the company’s common stock.
April 21, 2006
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 11 a.m. EDT Thursday, April 27. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts .
April 20, 2006
American Electric Power (NYSE: AEP) today said that it expects first-quarter 2006 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of approximately $0.97 per share and first-quarter 2006 ongoing earnings (earnings excluding special items) of approximately $0.96 per share. First-quarter 2005 GAAP earnings were $0.90 per share and first-quarter 2005 ongoing earnings were $0.87 per share.
April 19, 2006
American Electric Power (NYSE: AEP) will provide a live webcast of its annual meeting of shareholders Tuesday beginning at 9:30 a.m. EDT. The meeting will be held in Charleston, W.Va.
February 1, 2006
- 2005 year-end earnings: GAAP $2.09 per share, ongoing $2.73 per share
- 2005 fourth-quarter earnings: GAAP ($0.38) per share, ongoing $0.29 per share
- Strategy, expertise help company benefit from favorable weather, minimize fuel delivery issues and boost ongoing earnings
- Pending decision on Texas stranded cost true-up reduces GAAP earnings
January 27, 2006
COLUMBUS, Ohio, Jan. 27, 2006 – American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 11 a.m. EST Wednesday, Feb. 1. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
December 20, 2005
American Electric Power today increased its ongoing earnings guidance range for 2005 to between $2.65 and $2.75 per share from the previous range of between $2.55 and $2.65 per share. The increase in guidance is due to continued favorable weather conditions and strong performance in wholesale markets.
October 27, 2005
- 2005 third-quarter earnings: GAAP $0.99 per share, ongoing $0.95 per share
- Key factors in performance: increased retail sales, higher margins on off-system sales
- Company increases 2005 ongoing earnings guidance, sets guidance for 2006
Full news release and supplemental tables (PDF: 81KB: get viewer)
October 26, 2005
The Board of Directors of American Electric Power Co. today approved an increase in the regular quarterly cash dividend on a share of the company’s common stock to 37 cents a share from the previous 35 cents a share.
September 14, 2005
COLUMBUS, Ohio, Sept. 14, 2005 – Debt ratings for American Electric Power (NYSE: AEP) have been upgraded by Moody’s Investors Service.
August 8, 2005
A federal judge today ruled in favor of American Electric Power in its suit against Tractebel Energy Marketing Inc. (now known as Suez Energy Marketing N.A.) regarding a contract related to a Louisiana power generating facility completed by AEP in 2004.
July 29, 2005
- 2005 second-quarter earnings: GAAP $0.58 per share, ongoing $0.61 per share
- Key factors in performance: increased retail sales, higher margins on off-system sales, lower O&M expenses
- Company reaffirms 2005 ongoing earnings guidance range of $2.30 to $2.50
Full news release and supplemental tables (PDF: 155KB: get viewer)
July 26, 2005
COLUMBUS, Ohio, July 26, 2005 – The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.
July 22, 2005
COLUMBUS, Ohio, July 22, 2005 – American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9 a.m. EDT Friday, July 29, at http://www.aep.com/go/webcasts .
June 17, 2005
AUSTIN, Texas, June 17, 2005 – The Public Utility Commission of Texas (PUCT) on Thursday approved a settlement in the AEP Texas Central Company (TCC) rate case, which when coupled with earlier decisions in the case, results in a net decrease of $8.8 million in base rates charged to retail electric providers and wholesale transmission customers.
June 9, 2005
COLUMBUS, Ohio, June 9, 2005 – American Electric Power (NYSE: AEP) has scheduled a live webcast of a presentation by Michael G. Morris, AEP’s chairman, president and chief executive officer, June 14 at the Deutsche Bank Securities Electric Power Conference in New York.
June 2, 2005
COLUMBUS, Ohio, June 1, 2005 – American Electric Power (NYSE: AEP) and its remarketing agents, Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc., are giving notice that they expect to remarket on June 13, 2005 AEP’s Senior Notes due Aug. 16, 2007 (CUSIP No. 025537AC5). These notes were originally issued in June 2002 in connection with AEP’s sale of 9.25-percent Equity Units (NYSE: AEP PrA).
May 3, 2005
An initial decision issued today by an administrative law judge of the Securities and Exchange Commission (SEC) will not effect the current structure or operations of American Electric Power (NYSE: AEP), the company said.
May 3, 2005
Appalachian Power Co., a public utility subsidiary of American Electric Power (NYSE: AEP), today announced that on June 2, 2005, it will redeem the entire outstanding $45,000,000 principal amount of its First Mortgage Bonds, Designated Secured Medium-Term Notes, 8.00% Series due June 1, 2025, at 104% of the principal amount outstanding.
May 3, 2005
COLUMBUS, Ohio, May 2, 2005 – American Electric Power (NYSE: AEP) and its remarketing agents, Citigroup Global Markets Inc. and Morgan Stanley & Co. Inc., are giving notice that the remarketing of AEP’s 5.75% Senior Notes (CUSIP No. 025537AC5) due Aug. 16, 2007, will be rescheduled to a subsequent remarketing period referenced in the forward-purchase contract agreement. These notes are related to AEP equity units (CUSIP No. 025537200) offered in June 2002.
April 28, 2005
- 2005 first-quarter earnings: GAAP $0.90 per share, ongoing $0.88 per share
- Earnings-sharing payment and settlement with Centrica, increased retail sales somewhat offset by expected higher coal costs, 2005 winter storm expenditures
- Company reaffirms 2005 ongoing earnings guidance range of $2.30 to $2.50
April 26, 2005
COLUMBUS, Ohio, April 26, 2005 – The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.
April 21, 2005
COLUMBUS, Ohio, April 21, 2005 – American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9 a.m. EDT Thursday, April 28, at http://www.aep.com/go/webcasts.
April 21, 2005
COLUMBUS, Ohio, April 21, 2005 – American Electric Power (NYSE: AEP) today said that it expects first-quarter 2005 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of approximately $0.90 per share and first-quarter 2005 ongoing earnings (earnings excluding special items) of approximately $0.88 per share. First-quarter 2004 GAAP earnings were $0.71 per share and first-quarter 2004 ongoing earnings were $0.73 per share.
March 15, 2005
American Electric Power (NYSE: AEP) today announced that on April 15, 2005, it will redeem $550 million of the approximately $946 million currently outstanding principal amount of its 6.125% Senior Notes, Series A, due May 15, 2006.
March 9, 2005
COLUMBUS, Ohio, March 9, 2005 - American Electric Power (NYSE: AEP) has repurchased 12.5 million shares of its common stock in an accelerated share repurchase transaction with Merrill Lynch. The initial price paid per share was $34.63, with the $433 million for the repurchase funded from available cash on hand.
March 2, 2005
The board of directors for American Electric Power (NYSE: AEP) has approved a plan to repurchase up to $500 million in common stock through 2006.
February 11, 2005
American Electric Power (NYSE: AEP) has scheduled a live webcast of a presentation by Susan Tomasky, executive vice president and chief financial officer, at the UBS Natural Gas & Electric Utilities Conference in New York Feb. 17.
January 27, 2005
COLUMBUS, Ohio, Jan. 27, 2005 - American Electric Power (NYSE: AEP) has made a voluntary $200 million cash contribution to its pension fund to help secure future plan benefits and reduce the company’s future pension-related expenses. The company also announced plans to make quarterly contributions of approximately $100 million per quarter in 2005 with the goal of fully funding its pension liabilities by the end of 2005.
January 27, 2005
- 2004 year-end earnings: GAAP $2.75 per share, ongoing $2.33 per share
- Fourth-quarter earnings: GAAP $0.45 per share, ongoing $0.42 per share
- Results meet 2004 ongoing earnings guidance
- Utilities perform well despite higher fuel costs, storm expenses
- Company sets 2005 ongoing earnings guidance range of $2.30 to $2.50
January 26, 2005
American Electric Power (NYSE: AEP) today closed the sale of controlling interest in Houston Pipe Line Co. to Energy Transfer Partners, LP (ETP). According to the terms of the transaction, ETP purchased 98 percent of the partnership interests in Houston Pipeline Co. (HPL) for $825 million and also purchased 30 billion cubic feet (Bcf) of working gas and working capital, for a total consideration of approximately $1 billion. AEP will retain a 2 percent ownership interest in the HPL partnership interests and will provide certain transitional administrative services.
November 23, 2004
COLUMBUS, Ohio, Nov. 22, 2004 - American Electric Power (NYSE: AEP) has completed the sale of NUMANCO LLC to Bartlett Holdings Inc. for $25 million. The sale will have no significant effect on AEP’s results from operations.
November 11, 2004
COLUMBUS, Ohio, Nov. 11, 2004 - American Electric Power (NYSE: AEP) has scheduled a live webcast of a presentation by Susan Tomasky, executive vice president and chief financial officer, at the Banc of America Securities Energy & Power Conference in Las Vegas Nov. 16. The presentation to an audience of investors, scheduled for 3:10 p.m. EST, will be accessible through the Internet at http://www.aep.com/go/webcast and will be available after the live event.
October 26, 2004
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.
October 21, 2004
- Third-quarter results: GAAP $1.34 per share, ongoing $0.80 per share
- Higher industrial demand, lower expenses help offset mild weather, ECOM absence
- Company affirms previous 2004 ongoing earnings guidance range of $2.20 to $2.40
October 21, 2004
COLUMBUS, Ohio, Oct. 20, 2004 - American Electric Power (NYSE: AEP) has scheduled a live webcast of a presentation by a panel of AEP executives at the 39th annual Edison Electric Institute Financial Conference in San Diego Oct. 26. The presentation to an audience of investors is scheduled for 2:15 p.m. EDT and will highlight AEP’s environmental initiatives, fuel procurement activities, generation operations and associated energy marketing activities.
August 31, 2004
COLUMBUS, Ohio, Aug. 31, 2004 - Julie Sloat has been named vice president - investor relations for American Electric Power (NYSE: AEP), effective immediately. She had been managing director - investor relations. In addition, Armando Peña, senior vice president - financial policy, announced that he will retire at the end of 2004 after 33 years with AEP.
July 30, 2004
- Second-quarter results: GAAP $0.25 per share, ongoing $0.38 per share
- Improving economy, weather boost regulated utilities´ sales, gross margin
- Higher O&M costs driven by increased maintenance activity, storms
- Company affirms previous ongoing earnings guidance range for 2004
July 27, 2004
COLUMBUS, Ohio, July 27, 2004 - The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.
June 28, 2004
COLUMBUS, Ohio, June 28, 2004 - American Electric Power (NYSE: AEP) announced today that on July 30, 2004, CPL Capital I, its trust subsidiary, will redeem all of its outstanding 8.00% Cumulative Quarterly Income Preferred Securities, Series A, at $25 per share plus a distribution amount of 8 percent computed from June 30, 2004, to July 30, 2004.
June 4, 2004
COLUMBUS, Ohio, June 4, 2004 - American Electric Power (NYSE: AEP) subsidiary Texas Central Co. (formerly known as Central Power and Light) has signed an agreement to sell its 7.8 percent share of Oklaunion Power Station to the City of Brownsville, Texas (Brownsville Public Utilities Board), for $42.75 million after Brownsville exercised its right of first refusal for the AEP Texas Central Co. (TCC) share of Oklaunion.
May 11, 2004
COLUMBUS, Ohio, May 10, 2004 - Susan Tomasky, executive vice president - policy, finance and strategic planning and chief financial officer for American Electric Power (NYSE: AEP), will be among the utility executives participating in a panel discussion Thursday at the Goldman Sachs Power & Utility Conference in Las Vegas. A webcast of the event is scheduled.
April 29, 2004
- First-quarter results: GAAP $0.70 per share, ongoing $0.72 per share
- Ongoing earnings increase $30 million from prior period
- Wholesale profits drive quarter´s performance
- Retail margins up despite unfavorable year-to-year weather
- Company affirms previous ongoing earnings guidance range for 2004
April 27, 2004
COLUMBUS, Ohio, April 27, 2004 - The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.
April 23, 2004
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EDT Thursday, April 29, at http://www.aep.com/go/webcasts or http://www.firstcallevents.com/
service/ajwz403819446gf12.html.
March 30, 2004
Public Service Company of Oklahoma, a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), today announced that on May 5, 2004, its trust subsidiary, PSO Capital I, will redeem all of its outstanding 8% Trust Originated Preferred Securities, Series A (CUSIP No. 693639205), at the redemption price of $25 per preferred security, plus accrued and unpaid distributions of $0.19444 per preferred security.
March 30, 2004
Appalachian Power Co., a public utility subsidiary of American Electric Power (NYSE: AEP), today announced that on May 1, 2004, it will redeem the entire outstanding principal amount of its First Mortgage Bonds, Designated Secured Medium-Term Notes, 7.125% Series due May 1, 2024, at 103.57% of the principal amount outstanding.
February 26, 2004
COLUMBUS, Ohio, Feb. 26, 2004 - American Electric Power (NYSE: AEP) has scheduled a live webcast of management presentations to industry analysts in New York March 2. The presentations are scheduled to begin at 8:30 a.m. and run through 10:30 a.m.
February 3, 2004
AEP reports 2003 year-end and fourth-quarter earnings - 2003 results: GAAP $0.29 per share, ongoing $2.53 per share
- UK operations, LIG moved to discontinued from ongoing
- Ongoing EPS $2.21 including discontinued operations, consistent with guidance
- Robust wholesale sales and cost control boost utility businesses
- Company increases ongoing earnings guidance range for 2004
January 29, 2004
Three public utility subsidiaries of American Electric Power (NYSE: AEP) announced that they will redeem certain of their debt securities.
January 28, 2004
The Board of Directors of American Electric Power Co. (NYSE: AEP) Wednesday declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.
November 4, 2003
AEP Texas Central Company (TCC), a subsidiary of American Electric Power (NYSE: AEP), has filed a request with the Public Utility Commission of Texas (PUCT) to increase the transmission and distribution rates charged to Retail Electric Providers. The proposed rate changes will increase TCC’s revenues by approximately $66.5 million, or 14.7 percent.
October 23, 2003
COLUMBUS, Ohio, Oct. 23, 2003 - American Electric Power (NYSE: AEP) today reported 2003 third-quarter ongoing earnings of $0.76 per share, down from $1.21 a share for the same period last year. Reduced electricity demand caused by the second consecutive quarter of unfavorable weather, losses by gas and UK investments and dilution from additional shares outstanding decreased earnings per share for the quarter.
October 22, 2003
Ohio Power Co., a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), Wednesday announced that on Nov. 25, 2003, it will redeem the entire outstanding $12,000,000 principal amount of its First Mortgage Bonds, Designated Secured Medium-Term Notes, 7.10% Series due Nov. 1, 2023.
October 22, 2003
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock. The dividend is payable Dec. 10, 2003, to shareholders of record as of Nov. 10, 2003, and is the company’s 374th consecutive quarterly common stock cash dividend.
October 16, 2003
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EDT Thursday, Oct. 23. Audio will be available at http://www.firstcallevents.com/ or http://www.aep.com/go/webcasts. The call will be archived on http://www.aep.com for use by those unable to listen during the live webcast.
October 1, 2003
Southwestern Electric Power Company, a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), announced Sept. 30 that on Oct. 31, 2003, its trust subsidiary, SWEPCO Capital I, will redeem all of its outstanding 7.875% Trust Preferred Securities, Series A, (CUSIP No. 870695202) at the redemption price of $25 per preferred security, plus accrued and unpaid distributions of $0.169531 per preferred security.
September 24, 2003
Public Service Company of Oklahoma, a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), Tuesday announced that on Oct. 27 it will redeem the entire outstanding $100,000,000 principal amount of its First Mortgage Bonds, Series V, 7-3/8% Series due April 1, 2023.
September 19, 2003
American Electric Power Co., Inc., today announced that AEP Texas North Co. (the “Issuer”) has extended the expiration date of its offer to exchange all of its outstanding 5.50% Senior Notes, Series A due 2013 (the “Outstanding Notes”) for the Issuer’s 5.50% Senior Notes, Series B due 2013 (the “Exchange Notes”), which has been registered under the Securities Act of 1933, as amended.
September 8, 2003
Geoff Chatas, senior vice president - finance and treasurer for American Electric Power (NYSE: AEP), is leaving the company to accept a similar position with Progress Energy. In a related organizational change, AEP will consolidate its finance and treasury departments with other financial functions currently reporting to Stephen Smith, AEP senior vice president - corporate accounting, planning and strategy.
August 28, 2003
Southwestern Electric Power Co., a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), today announced that on Oct. 1, 2003, it will redeem the entire outstanding $45,000,000 principal amount of its First Mortgage Bonds, Series Z, 7-1/4% Series due July 1, 2023.
August 28, 2003
Ohio Power Co., a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), today announced that on Oct. 1, 2003, it will redeem the entire outstanding $5,000,000 principal amount of its First Mortgage Bonds, Designated Secured Medium-Term Notes, 7.75% Series due April 1, 2023, and the entire outstanding $20,250,000 principal amount of its First Mortgage Bonds, Designated Secured Medium-Term Notes, 7.375% Series due Oct. 1, 2023.
July 30, 2003
COLUMBUS, Ohio, July 30, 2003 - American Electric Power (NYSE: AEP) today reported 2003 second-quarter ongoing earnings of $0.44 per share and remains on target to meet its earnings guidance for 2003 despite unfavorable weather that reduced electricity demand. Ongoing earnings for second-quarter 2002 were $0.56 per share.
July 23, 2003
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.
July 23, 2003
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EDT Wednesday, July 30.
May 28, 2003
Appalachian Power Co. will redeem all the outstanding principal amount of its 7.20% Senior Notes, Series A, due 2038, and its 7.30% Senior Notes, Series B, due 2038, on June 30, 2003, at 100% of the principal amount outstanding. Interest payable on June 30, 2003, will be paid in the usual manner.
May 23, 2003
American Electric Power (NYSE: AEP) filed a shelf registration with the Securities and Exchange Commission today to periodically sell up to $3 billion in debt or equity securities for general corporate purposes.
May 22, 2003
AEP Texas Central Co. (formerly Central Power and Light Co.) will redeem all the outstanding principal amount of its First Mortgage Bonds, Series II, 7-1/2%, due April 1, 2023, on June 25, 2003, at 103.32% of the principal amount outstanding plus accrued interest to the date of redemption.
April 30, 2003
American Electric Power has scheduled a webcast of a meeting with industry analysts scheduled for Friday morning in New York. Audio from the meeting will be broadcast live over the Internet beginning at 8 a.m. EDT Friday.
April 29, 2003
COLUMBUS, Ohio, April 29, 2003 - American Electric Power (NYSE: AEP), boosted by a significant period-to-period gain in system sales, reported 2003 first-quarter ongoing earnings of $0.61 per share, a $0.02 per share improvement over the same period last year despite the dilutive effect of additional shares outstanding.
April 24, 2003
American Electric Power (NYSE: AEP) has named Geoffrey S. Chatas senior vice president - finance and elected him treasurer. He succeeds Armando A. Peña, who has been named to a new position as senior vice president - financial policy.
April 24, 2003
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EDT Tuesday, April 29.
April 23, 2003
Four public utility subsidiaries of American Electric Power (NYSE: AEP) Wednesday announced that on May 30, 2003, they will redeem all of their outstanding Junior Subordinated Deferrable Interest Debentures and certain of their first mortgage bonds.
April 23, 2003
American Electric Power (NYSE: AEP) has made significant progress toward improving its performance and returning to stable, steady growth, E. Linn Draper Jr., AEP’s chairman, president and chief executive officer, told shareholders attending the company’s annual meeting Wednesday.
April 23, 2003
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.
April 21, 2003
American Electric Power (NYSE: AEP) will provide a live webcast of its annual meeting of shareholders, which begins at 9:30 a.m. EDT Wednesday, April 23.
March 26, 2003
After an intense 30 days of equity and debt activity, American Electric Power (NYSE: AEP) emerged with a stronger balance sheet, improved liquidity and stable, investment-grade ratings from all ratings agencies.
March 11, 2003
American Electric Power (NYSE: AEP) said that it views today’s action by Fitch Ratings as a positive development, despite the downgrade, since all three ratings agencies have reviewed AEP and issued ratings that remain investment grade with stable outlooks.
March 7, 2003
American Electric Power (NYSE: AEP) said that, although Standard & Poor’s today announced a one-notch downgrade of the company’s overall debt rating, the decision to maintain AEP’s A-2 commercial paper rating reflects AEP’s improved liquidity position.
February 28, 2003
American Electric Power (NYSE: AEP) announced Thursday that it has priced its offering of 50 million shares of common stock at a public offering price of $20.95 per share. AEP has granted the underwriters an option to purchase an additional 7.5 million shares of common stock to cover overallotments.
February 27, 2003
Columbus Southern Power Co. (CSP) Thursday announced that it will redeem the entire $44,000,000 principal amount of four of its outstanding series First Mortgage Bonds due in 2022.
January 24, 2003
COLUMBUS, Ohio, Jan. 24, 2003 - Citing continued difficult wholesale market conditions that have depressed corporate earnings, American Electric Power (NYSE: AEP) is implementing a plan designed to strengthen the company and improve short-term and long-term performance.
January 24, 2003
COLUMBUS, Ohio, Jan. 24, 2003 - American Electric Power (NYSE: AEP) today reported year-end earnings for a difficult 2002 and announced specific steps for strengthening the company’s balance sheet in 2003.
December 11, 2002
American Electric Power (NYSE:AEP) said today that it is encouraged that Moody’s Investors Service recognized the company’s strong liquidity and investment-grade quality, despite the downgrade of the company’s senior unsecured rating.
November 6, 2002
Two regulated subsidiaries of American Electric Power (NYSE: AEP) are issuing unsecured notes totaling US $280 million to ACE Trust, a securitization vehicle in Australia that is unaffiliated with AEP.
October 25, 2002
COLUMBUS, Ohio, Oct. 25, 2002 - American Electric Power (NYSE: AEP) today reported 2002 third-quarter ongoing earnings of $409 million, or $1.21 per share, down from $459 million, or $1.43 per share in third-quarter 2001.
October 10, 2002
American Electric Power (NYSE: AEP) said today that it is reducing 2002 ongoing earnings guidance to between $2.85 and $3.15 per share, citing general weakness in the economy and the wholesale energy markets that have affected the entire sector. The company expects ongoing earnings for 2003 to be in the same range as 2002.
September 27, 2002
American Electric Power (NYSE: AEP) on Thursday received Federal Energy Regulatory Commission (FERC) approval of its corporate separation plan to form wholly owned regulated and unregulated companies.
July 25, 2002
COLUMBUS, Ohio, July 25, 2002 - American Electric Power (NYSE: AEP) today reported 2002 second-quarter ongoing earnings of $181.6 million, or $0.56 per share, in a quarter made difficult largely by declining system sales. A loss from generation in the United Kingdom - particularly in the latter period of the quarter - and a spillover of natural gas trading losses from the first quarter also contributed to lower-than-forecasted results.
July 24, 2002
The Board of Directors of American Electric Power Co. (NYSE: AEP) Wednesday declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
July 22, 2002
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EDT Thursday, July 25.
July 18, 2002
American Electric Power (NYSE: AEP) said Thursday it had a very disappointing June that reduced second-quarter ongoing earnings below expectations and will make it difficult to meet earnings targets for the year. The company expects to reduce its 2002 ongoing earnings guidance in the range of 10 percent.
July 12, 2002
West Texas Utilities Co., a wholly owned subsidiary of American Electric Power (NYSE: AEP), Friday announced that its tender for certain series of its First Mortgage Bonds expired at 5 p.m. New York City time on July 11, 2002.
July 12, 2002
Central Power and Light Co., a wholly owned subsidiary of American Electric Power (NYSE: AEP), Friday announced that its tender for certain series of its First Mortgage Bonds expired at 5 p.m. New York City time on July 11, 2002.
July 3, 2002
West Texas Utilities Co., a wholly owned subsidiary of American Electric Power (NYSE: AEP), Wednesday announced it has extended the expiration date for its tender for certain series of its First Mortgage Bonds from 5 p.m. New York City time on July 2, 2002, to 5 p.m. New York City time on July 11, 2002.
July 3, 2002
Central Power and Light Co., a wholly owned subsidiary of American Electric Power (NYSE: AEP), Wednesday announced it has extended the expiration date for its tender for certain series of its First Mortgage Bonds from 5 p.m. New York City time on July 2, 2002, to 5 p.m. New York City time on July 11, 2002.
July 2, 2002
Kentucky Power Co., a wholly owned subsidiary of American Electric Power (NYSE: AEP), Tuesday announced that on Aug. 1, 2002, it will redeem all of the outstanding $45,000,000 principal amount of three series of First Mortgage Bonds Designated Secured Medium-Term Notes.
June 20, 2002
West Texas Utilities Co., a wholly owned subsidiary of American Electric Power (NYSE: AEP), June 19 announced that on June 20, 2002, it is commencing a fixed spread tender offer to purchase for cash the remaining $212,000,000 aggregate principal amount of five series of West Texas Utilities’ First Mortgage Bonds.
June 20, 2002
Central Power and Light Co., a wholly owned subsidiary of American Electric Power (NYSE: AEP), June 19 announced that on June 20, 2002, it is commencing a fixed spread tender offer to purchase for cash the remaining $614,200,000 aggregate principal amount of six series of Central Power and Light’s First Mortgage Bonds.
June 11, 2002
American Electric Power (NYSE: AEP) announced Tuesday it has completed the sale of 16 million new shares of common stock at $40.90 per share and 6 million equity units at $50 per unit.
June 6, 2002
American Electric Power (NYSE: AEP) announced today that it has priced offerings of 16 million shares of common stock at a public offering price of $40.90 per share and 6 million equity units at a public offering price of $50.00 per unit.
May 30, 2002
American Electric Power Company, Inc. (NYSE:AEP) announced today that it plans two concurrent public offerings of equity securities.
May 23, 2002
Standard & Poor’s affirmed its BBB+ rating on American Electric Power’s (NYSE: AEP) parent company senior unsecured debt and the A-2 rating on the company’s commercial paper program Thursday while lowering ratings on other company entities in preparation for a planned corporate restructuring.
April 24, 2002
COLUMBUS, Ohio, April 24, 2002 - American Electric Power (NYSE: AEP) today reported 2002 first-quarter ongoing earnings of $0.59 per share on revenue of $13.5 billion. The results are in line with AEP’s 2002 earnings targets, despite unfavorable market conditions in the quarter, the company said.
April 23, 2002
American Electric Power’s (NYSE: AEP) strategic blend of higher-growth wholesale energy businesses and stable, but lower growth, regulated energy businesses positions the company for sustainable growth, E. Linn Draper Jr., AEP’s chairman, president and chief executive officer, told shareholders attending the company’s annual meeting today.
April 23, 2002
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
April 22, 2002
COLUMBUS, Ohio, April 22, 2002 - Ohio Power Company, a wholly owned subsidiary of American Electric Power (NYSE: AEP), today announced that it will redeem on May 23, 2002, the entire outstanding $5,000,000 principal amount of its First Mortgage Bonds, Designated Secured Medium Term Notes, 8.80% Series due February 10, 2022.
April 22, 2002
Kentucky Power Co., a wholly owned subsidiary of American Electric Power (NYSE: AEP), today announced that it will redeem on May 23, 2002, all of the outstanding $14,500,000 principal amount of its First Mortgage Bonds, 7.90% Series due 2023, at 100 percent of the principal amount of the bonds together with accrued interest to the date of redemption, to be paid upon presentment.
April 22, 2002
American Electric Power (NYSE: AEP) will provide a live webcast of its annual meeting of shareholders, which begins at 9:30 a.m. EDT Tuesday, April 23.
April 17, 2002
American Electric Power (NYSE: AEP) has reached a definitive agreement to transfer two of its Texas retail electric providers (REPs) to Centrica, a leading provider of retail energy and other essential consumer services.
February 4, 2002
American Electric Power (NYSE: AEP) today announced that it has retained Schroder Salomon Smith Barney (SSSB) and ABN AMRO to advise AEP on prospects for the divestment of SEEBOARD, AEP’s electric and gas distribution subsidiary in southeast England.
February 4, 2002
American Electric Power (NYSE: AEP) today announced the appointment of investment bank ABN AMRO Australia to advise AEP on prospects for the divestment of CitiPower, AEP’s electricity distribution and retail sales subsidiary in Melbourne, Australia.
January 23, 2002
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
January 22, 2002
COLUMBUS, Ohio, Jan. 22, 2002 - American Electric Power (NYSE: AEP) today announced 2001 ongoing earnings of $3.38 per share, a 26 percent increase from 2000. Revenue increased 67 percent to $61.3 billion.
January 18, 2002
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EST Tuesday, Jan. 22.
December 21, 2001
American Electric Power (NYSE: AEP) Friday announced the successful completion of its acquisition of 4,000 megawatts of coal-fired generation in the United Kingdom from Edison Mission Energy, a subsidiary of Edison International (NYSE: EIX).
December 19, 2001
American Electric Power (NYSE: AEP) Wednesday announced it is revising earnings guidance for 2001 and 2002. AEP currently expects ongoing 2001 earnings to be between $3.35 and $3.45 per share, compared with earlier expectations that earnings would be at the lower end of a $3.50 to $3.60 per share range.
October 24, 2001
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
October 23, 2001
COLUMBUS, Ohio, Oct. 23, 2001 - American Electric Power (NYSE: AEP) today announced third-quarter ongoing earnings of $1.43 per share, a 13 percent increase from the same quarter in 2000 despite a slowing economy that reduced both wholesale energy margins and energy use by industrial customers. Revenue increased 50 percent to $18 billion.
October 18, 2001
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EDT Tuesday, Oct. 23. Audio from the call will be available at http://www.videonewswire.com/event.asp?id=1224.
October 8, 2001
American Electric Power (NYSE: AEP), in a move to advance its European wholesale strategy, today agreed to acquire 4,000 megawatts of coal-fired generation in the United Kingdom from Edison Mission Energy, a subsidiary of Edison International (NYSE: EIX).
July 25, 2001
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
July 24, 2001
American Electric Power (NYSE: AEP) today filed documents with the Federal Energy Regulatory Commission (FERC) seeking approval for changes necessary to complete a planned restructuring of the corporation’s regulated and unregulated holdings.
July 24, 2001
COLUMBUS, Ohio, July 24, 2001 - American Electric Power (NYSE: AEP), benefiting from an increased contribution from wholesale natural gas and the continued strong performance of its wholesale business in general, today announced second-quarter ongoing earnings of $0.89 per share, an 85 percent increase from the same quarter in 2000. Revenue increased 78 percent to $14 billion.
July 23, 2001
American Electric Power (NYSE: AEP) announced today it has executed a definitive agreement under which AEP Resources Inc., a wholly owned subsidiary of AEP, will acquire the stock of MEMCO Barge Line Inc. from the Electric Fuels Corporation subsidiary of Progress Energy (NYSE: PGN).
July 19, 2001
American Electric Power (NYSE: AEP) today announced that the company expects to report second-quarter ongoing earnings of between $0.87 and $0.89 per share, exceeding current First Call consensus ongoing earnings of $0.71 per share and second-quarter 2000 ongoing earnings of $0.48 per share.
July 5, 2001
American Electric Power (NYSE: AEP) and ALFA, S.A. de C.V. closed a deal to sell the Enertek Cogeneration Facility in Altamira, Tamaulipas, Mexico, to Iberdrola of Madrid, Spain. Terms of the deal were not disclosed.
June 8, 2001
The Texas Supreme Court on Wednesday upheld an earlier decision by the Public Utility Commission of Texas (PUCT) allowing American Electric Power’s (NYSE: AEP) Central Power and Light (CPL) subsidiary to securitize approximately $764 million of regulatory assets. Securitizing the amounts will result in customer savings of at least $95 million during the 14 years following introduction of retail competition.
May 7, 2001
American Electric Power (NYSE: AEP) has completed a $1.25 billion two-part global note issuance, the first long-term debt issue of the holding company. Previous issuances have been through AEP subsidiaries.
April 24, 2001
COLUMBUS, Ohio, April 24, 2001 - American Electric Power (NYSE: AEP) today announced first-quarter ongoing earnings of $0.68 per share, an 89 percent increase from the same quarter in 2000. Revenue increased 121 percent to $13.5 billion.
April 20, 2001
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EDT Tuesday, April 24.
April 19, 2001
American Electric Power (NYSE: AEP) will provide a live webcast of its annual meeting of shareholders, which begins at 10:30 a.m. EDT Wednesday, April 25. The meeting will be held in Corpus Christi, Texas.
February 27, 2001
American Electric Power (NYSE: AEP) and Xcel Energy Inc. (NYSE: XEL) have reached an agreement today to sell 94.75 percent of the issued share capital of Yorkshire Power Group Inc. to Innogy Holdings plc, a major integrated energy company in the United Kingdom.
January 24, 2001
COLUMBUS, Ohio, Jan. 24, 2001-- The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
January 23, 2001
COLUMBUS, Ohio, Jan. 23, 2001 - American Electric Power (NYSE: AEP) today announced ongoing earnings for the year 2000 of $2.70 per share, completing a year of noteworthy achievement that positions the company for significant growth in 2001.
October 25, 2000
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
October 24, 2000
COLUMBUS, Ohio, Oct. 24, 2000 -- American Electric Power Company (NYSE:AEP) today reported income before extraordinary and special items of $1.29 per share, or $416 million, for the quarter ended Sept. 30, 2000 as compared to $1.18 per share, or $378 million, in the quarter last year. After extraordinary and special items, earnings were $1.11, or $359 million, for the quarter as compared to $1.23, or $395 million, in 1999.
July 26, 2000
The Board of Directors of American Electric Power Company (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
July 26, 2000
American Electric Power Company (NYSE:AEP) today reported that higher energy trading volume contributed to earnings before special items of $164 million, or 51 cents per share, in second quarter 2000, which ended June 30. After special items, the company recorded a loss for the quarter of $9 million, or 3 cents per share, compared with net income of $190 million, or 59 cents per share for second quarter 1999.
April 26, 2000
COLUMBUS, Ohio, April 26, 2000 – The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
April 25, 2000
COLUMBUS, Ohio, April 25, 2000 -- American Electric Power Company (NYSE:AEP) today reported net income for the first quarter of $104 million, or 53 cents per share, compared with $151 million, or 79 cents per share in 1999.
January 26, 2000
COLUMBUS, Ohio, Jan. 26, 2000 – The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
January 25, 2000
COLUMBUS, Ohio, Jan. 25, 2000 – American Electric Power Company (NYSE:AEP) today reported net income for the year ended Dec. 31, 1999, of $520 million, or $2.69 per share, compared with $536 million, or $2.81 per share in 1998.
October 26, 1999
COLUMBUS, Ohio, Oct. 26, 1999 – American Electric Power Company (NYSE:AEP) today reported net income for the third quarter of 1999 of $174 million, or 90 cents per share, compared with $195.4 million, or $1.02 per share in 1998.
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