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May 18, 2012
AEP is seeking offers for the supply of eastern coal, delivered by barge, to one or more of its generating stations.
May 1, 2012
Alberto Ruocco has been named vice president and chief information officer for American Electric Power.
April 24, 2012
AEP continues to make progress on initiatives designed to deliver long-term shareholder value while managing near-term regulatory challenges in Ohio and lethargic economic recovery in some sectors, according to Nicholas K. Akins, AEP's president and chief executive officer.
April 24, 2012
The Board of Directors of American Electric Power Co. declared a regular quarterly cash dividend of 47 cents a share on the company's common stock.
April 20, 2012
- 2012 first-quarter earnings: $0.80 per share GAAP and ongoing
- Industrial sales continue to show growth
- Record mild weather throughout AEP's service territories lowers demand
April 13, 2012
American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Friday, April 20. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
April 4, 2012
AEP and Great Plains Energy have formed a new company called Transource Energy to develop and invest in transmission
March 30, 2012
Plan balances rate impact to all customers while continuing to foster competitionAEP Ohio, a unit of American Electric Power, will file a modified Electric Security Plan (ESP) for the period of June 2012 through May 2015 with the Public Utilities Commission of Ohio (PUCO) later today
March 22, 2012
AEP has announced it will participate in the Green Button initiative to provide customers with a simple, standardized way to download their energy usage information from their utility's website.
March 22, 2012
AEP made official notifications to regional reliability organizations PJM Interconnection and Southwest Power Pool (SPP) of the company's plan to retire more than 4,600 megawatts (MW) of coal-fueled power generation, primarily to comply with a series of U.S. Environmental Protection Agency (EPA) regulations.
March 21, 2012
AEP has named Pablo A. Vegas president and chief operating officer of AEP Ohio, effective May 1. Rozsa named interim Chief Information Officer
March 8, 2012
AEP and its unregulated subsidiary AEP Retail Energy has completed the acquisition of BlueStar Energy Holdings Inc. and its independent retail electric supplier BlueStar Energy Solutions.
March 7, 2012
Today's decision by the Public Utilities Commission of Ohio (PUCO) provides an appropriate short-term solution that fairly balances the interests of electric consumers with the need to protect the financial health of AEP Ohio.
March 6, 2012
Company will leave in place current rates pending outcome of proposed plan
AEP Ohio, a unit of American Electric Power, notified the Public Utilities Commission of Ohio (PUCO) yesterday of its intention to file a modified Electric Security Plan (ESP) by the end of March.
February 27, 2012
Filing focuses specifically on generation capacity issue related to PUCO order.
AEP Ohio, a unit of American Electric Power (NYSE: AEP), filed today with the Public Utilities Commission of Ohio (PUCO) a motion for relief and request for expedited ruling related to the Commission's Feb. 23 order, specifically regarding generation capacity charges.
February 23, 2012
AEP and its AEP Ohio operating unit expressed disappointment with the order provided today by the Public Utilities Commission of Ohio (PUCO) on the company's revised Electric Security Plan (ESP).
February 10, 2012
AEP will share 2012 to 2014 plans, including 2012 ongoing earnings guidance (earnings excluding special items) and expected capital spend, during a meeting today with investors in New York.
February 7, 2012
AEP is the lone utility company among the top 50 organizations for executive women, as rated by the National Association for Female Executives (NAFE).
February 3, 2012
American Electric Power has scheduled a meeting with financial analysts and investors in New York, where the company will announce its 2012 ongoing earnings guidance, capital spending plans and other information.
February 1, 2012
AEP has begun commercial operation of the Dresden natural gas-fired power plant, a nominal 580-megawatt combined-cycle generating unit.
January 27, 2012
- Fourth-quarter earnings $0.64 per share GAAP, $0.40 per share ongoing
- 2011 year-end earnings $4.02 per share GAAP, $3.12 per share ongoing
- Favorable impact of weather throughout the first three quarters of the year
January 25, 2012
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 47 cents a share on the company's common stock.
January 5, 2012
AEP and its unregulated subsidiary AEP Retail Energy announced today that the company has reached an agreement to acquire BlueStar Energy Holdings Inc. and its independent retail electric supplier BlueStar Energy Solutions.
December 22, 2011
AEP and its operating unit Southwestern Electric Power Co. (SWEPCO) announced today that the company has settled all legal actions brought against it by the Sierra Club, the National Audubon Society and Audubon Arkansas related to the John W. Turk Jr. Power Plant near Texarkana, Ark.
December 14, 2011
Mark Peifer has been named vice president and assistant to the president of Ohio Valley Electric Corporation (OVEC), effective Jan. 1, 2012.
December 13, 2011
AEP is making several organizational and leadership changes, effective Jan. 1, 2012, to focus its transmission business unit on implementing transmission projects in the company's 11-state footprint, increasing investments to improve transmission infrastructure and continuing to develop joint venture projects outside the company's service territory.
December 5, 2011
AEP has scheduled a live audio webcast of a panel presentation featuring Mark McCullough, executive vice president - generation, Dec. 7 at the Wells Fargo Securities 10th Annual Pipeline, MLP and E&P, Services and Utility Symposium in New York.
November 21, 2011
AEP will increase its focus on economic development activities throughout the company's 11-state service area and has hired Mark J. James, who previously led AEP's economic development efforts, as vice president of economic and business development.
November 15, 2011
AEP has named Tracy A. Elich vice president - human resources, effective Nov. 14
November 14, 2011
Robert P. Powers has been elected executive vice president and chief operating officer of American Electric Power.
November 14, 2011
G.I. Jobs magazine has named American Electric Power one of the nation's top 100 "military-friendly" employers for the ninth consecutive year.
November 1, 2011
AEP has scheduled a live audio webcast of remarks by AEP President Nicholas K. Akins Nov. 8 at the 46th annual Edison Electric Institute Financial Conference
October 26, 2011
- Third-quarter earnings $1.93 per share GAAP and $1.17 per share ongoing
- Company tightens 2011 ongoing earnings guidance range to between $3.07 and $3.17 per share
- Weather increases demand, but company also sees continued improvement in industrial volume
October 25, 2011
AEP Board of Directors has elected Nicholas K. Akins chief executive officer, effective Nov. 12.
October 25, 2011
Subsidiaries of American Electric Power announced that they will redeem all of the outstanding shares of preferred stock of their respective companies on Dec. 1, 2011.
October 25, 2011
The Board of Directors of American Electric Power Co. declared a regular quarterly cash dividend of 47 cents a share on the company's common stock, increasing the dividend 2.2 percent from the previous 46 cents a share.
October 19, 2011
American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Wednesday, Oct. 26.
September 27, 2011
Dennis E. Welch has been promoted to executive vice president and chief administrative officer of American Electric Power.
September 20, 2011
The Electric Reliability Council of Texas Board of Directors today endorsed and deemed "critical to reliability" a 345-kilovolt transmission project proposed by Electric Transmission Texas LLC from the Laredo area into the Lower Rio Grande Valley. ETT is a joint venture between subsidiaries of American Electric Power and MidAmerican Energy Holdings Company.
September 19, 2011
For the fifth consecutive year, AEP has been named one of the most adoption-friendly workplaces by the Dave Thomas Foundation for Adoption.
September 16, 2011
AEP has scheduled a live audio webcast of a presentation by Brian X. Tierney, executive vice president and chief financial officer, at the INVESTOhio Equity Conference in Columbus on Sept. 22.
September 15, 2011
AEP has been named one of the "100 Best Companies for Working Mothers" for the seventh time in 10 years by Working Mother magazine, a national publication targeting career-committed mothers.
September 15, 2011
AEP has scheduled a live audio webcast of a panel presentation by AEP President Nicholas K. Akins at the Bank of America Merrill Lynch 2011 Power and Gas Leaders Conference in New York on Sept. 20.
September 14, 2011
AEP is seeking offers for the supply of coal to one or more of its generating stations.
September 7, 2011
AEP Ohio, a unit of American Electric Power (NYSE: AEP) has reached a settlement agreement with a majority of parties involved in several cases pending before the Public Utilities Commission of Ohio (PUCO), including the company's Electric Security Plan (ESP) proposal. The agreement gives AEP the authority to merge its two operating companies, Columbus Southern Power (CSP) and Ohio Power (OPCo), into one company. It also calls for the company to corporately separate its Ohio generation assets and complete the transition to a competitive generation market by mid-2015.
September 7, 2011
Michael G. Morris, chairman and CEO of Columbus, Ohio-based American Electric Power (AEP), today was awarded the Edison Electric Institute's (EEI's) Distinguished Leadership Award by his industry peers for his 23 years of exemplary service as an electric utility chief executive.
September 1, 2011
AEP has scheduled a live audio webcast of a presentation by Brian X. Tierney, executive vice president and chief financial officer, at the Barclays Capital CEO Energy-Power Conference in New York on Sept. 8.
August 31, 2011
AEP River Operations dedicated the M/V Michael G. Morris towboat in honor of American Electric Power's Chairman and Chief Executive Officer Michael G. Morris.
August 25, 2011
American Electric Power has named Keith Darling president of AEP River Operations LLC. Darling, 60, will oversee all managerial and operating activities related to AEP River Operations, including sales, planning and budgeting, accounting, business development, logistics, operations and maintenance.
July 29, 2011
- Second-quarter earnings $0.73 per share GAAP and ongoing
- Company reaffirms 2011 ongoing earnings guidance of between $3.00 and $3.20 per share
- Favorable weather conditions, predominantly in western service territories
July 27, 2011
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.
July 22, 2011
American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 10 a.m. EDT Friday, July 29. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
July 14, 2011
AEP is terminating its cooperative agreement with the U.S. Department of Energy and placing its plans to advance carbon dioxide capture and storage (CCS) technology to commercial scale on hold, citing the current uncertain status of U.S. climate policy and the continued weak economy as contributors to the decision.
July 11, 2011
AEP today announced its participation in a pilot effort to link veterans leaving military service to job openings in the energy industry.
June 30, 2011
Electric Transmission Texas, LLC (ETT), has executed master agreements with three construction firms for transmission and infrastructure services associated with the Competitive Renewable Energy Zone (CREZ) projects assigned to ETT by the Public Utility Commission of Texas. The agreements with Quanta Services Inc, MYR Group Inc. and TIC Holdings Inc. ensure ETT has significant construction resources committed to help complete its CREZ program in west Texas.
June 28, 2011
American Electric Power has named Lisa Barton executive vice president - AEP Transmission, effective Aug. 1. Barton currently is senior vice president - transmission strategy and business development for AEP.
June 16, 2011
A live audio webcast has been scheduled of a panel presentation featuring Lisa Barton, senior vice president - transmission strategy and business development for AEP, June 22 at the BMO Capital Markets 2011 North American Pipelines & Utilities Conference in Toronto.
June 13, 2011
AEP announced today that Susan Tomasky, president - AEP Transmission, will retire from the company, effective July 31, to pursue other professional opportunities.
June 9, 2011
Company advocates for more time and flexibility to reduce the negative impact of the proposed EPA rules on customers, jobs and the economy.
June 2, 2011
AEP has signed a memorandum of understanding (MOU) with Tennessee Valley Authority (TVA) to pursue extra-high voltage transmission projects designed to strengthen the transmission system in Tennessee, Virginia and Kentucky.
May 27, 2011
Indiana Michigan Power (I&M), an operating company of American Electric Power, is adding another 100 megawatts of wind power to its generation portfolio as part of a 20-year power purchase agreement reached with E.ON Climate and Renewables; N.A.
May 26, 2011
AEP has scheduled a live audio webcast of a presentation by Michael G. Morris, chairman and chief executive officer of AEP, at the Sanford Bernstein Strategic Decisions Conference June 1 in New York City.
May 19, 2011
AEP's corporate headquarters building, 1 Riverside Plaza in Columbus, Ohio, has been certified as LEED (Leadership in Energy and Environmental Design) Gold for Existing Buildings: Operation and Maintenance (EB: O&M).
May 16, 2011
AEP Retail Energy offers the first competitive electricity offer for Dayton-area residential customers
May 11, 2011
AEP is seeking offers for the supply of eastern coal, delivered by rail, barge or truck, to one or more of its generating stations.
May 9, 2011
AEP has scheduled a live audio webcast of a presentation by Nick Akins, president of AEP, at the Deutsche Bank 2011 Alternative Energy, Utilities & Power Conference May 12 in New York City.
April 28, 2011
AEP is seeking offers for the supply of Powder River Basin coal to one or more of its generating stations.
April 26, 2011
AEP continues to perform above expectations and enhance shareholder value, despite still lagging economic recovery in parts of its service area, according to Michael G. Morris, AEP’s chairman and chief executive officer.
April 26, 2011
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.
April 21, 2011
- 2011 first-quarter earnings: $0.73 per share GAAP, $0.82 per share ongoing
- Company reaffirms 2011 ongoing earnings guidance of between $3.00 and $3.20 per share
April 20, 2011
AEP will host its annual meeting of shareholders Tuesday, April 26, in Columbus, Ohio, with remarks by Michael G. Morris, chairman and chief executive officer.
April 20, 2011
American Electric Power is seeking offers for the supply of Illinois Basin coal to one or more of its generating stations.
April 14, 2011
AEP has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Thursday, April 21.
March 29, 2011
AEP has scheduled a live audio webcast of a presentation by Charles E. Zebula, treasurer and senior vice president of investor relations, at the Midwest Utilities Seminar in Chicago April 4.
March 18, 2011
Indiana Michigan Power’s Cook Nuclear Plant Unit 1 was brought back on-line yesterday at 10:52 p.m. after a planned outage to perform maintenance on the unit’s main generator. The total duration of the outage was 5 days, 20 hours.
March 15, 2011
AEP has been named one of the top 50 companies for executive women by the National Association for Female Executives (NAFE).
February 28, 2011
AEP today announced it will file, along with FirstEnergy Corp., to withdraw the applications for state regulatory approval of the Potomac-Appalachian Transmission Highline (PATH) project following an announcement by regional grid operator PJM Interconnection that the project has been suspended.
February 16, 2011
AEP will receive funding from the Global CCS Institute to support installation of the nation’s first commercial-scale carbon dioxide capture and storage (CCS) system on AEP’s Mountaineer coal-fueled power plant in New Haven, W.Va.
February 16, 2011
AEP is seeking offers for the supply of coal to one or more of its generating stations.
February 1, 2011
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. 8.
January 28, 2011
- Fourth-quarter earnings $0.37 per share GAAP, $0.38 per share ongoing
- 2010 year-end earnings $2.53 per share GAAP, $3.03 per share ongoing
- Continued favorable impact of weather throughout the year
- AEP reaffirms its 2011 ongoing guidance range of between $3.00 and $3.20 per share
January 28, 2011
Public Service Company of Oklahoma, a public utility subsidiary of American Electric Power, today announced that on Feb. 28, 2011, it will redeem the entire outstanding $200 million principal amount of unsecured 6.0 percent Senior Notes, Series B, due 2032, at a redemption price equal to 100 percent of the principal amount, plus accrued interest thereon to the date of redemption.
January 27, 2011
Today, members of American Electric Power’s external Energy Efficiency Advisory Council sent a letter to the U.S. Department of Energy (USDOE) urging adoption of the proposed Energy Efficient and Smart Appliance Agreement of 2010.
January 27, 2011
AEP Ohio, a unit of American Electric Power, today filed its Electric Security Plan (ESP) with the Public Utilities Commission of Ohio (PUCO) for rate adjustments beginning in 2012.
January 26, 2011
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.
January 21, 2011
American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EST Friday, Jan. 28. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts .
January 20, 2011
American Electric Power announced today it will accelerate the construction process of a natural gas-fired power plant near Dresden, Ohio. Approximately 300 temporary jobs to be created.
January 18, 2011
American Electric Power has signed cooperation agreements with two Chinese companies to advance transmission, distribution and cleaner power generation technologies, including carbon capture and storage.
December 21, 2010
Mark C. McCullough has been named executive vice president – generation for American Electric Power, effective Jan. 1, 2011. He has been senior vice president – fossil and hydro generation since 2008.
December 20, 2010
American Electric Power’s board of directors has elected Nicholas K. Akins president, effective Jan. 1.
December 17, 2010
AEP Ohio, a unit of American Electric Power, has withdrawn an agreement reached in late November with several parties that would have resolved pending cases in front of the Public Utilities Commission of Ohio (PUCO), including the company’s Significantly Excessive Earnings Test (SEET), Fuel Adjustment Clause (FAC) audit cases, and the merger application for Columbus Southern Power (CSP) and Ohio Power.
December 2, 2010
A live audio webcast has been scheduled of a panel presentation featuring Lisa Barton, senior vice president – transmission strategy and business development for American Electric Power, Dec. 8 at the 9th Annual Wells Fargo Pipeline, MLP and Energy Symposium in New York.
November 30, 2010
Agreement recognizes 2009 earnings were not significantly excessive
AEP Ohio, a unit of American Electric Power, has reached an agreement today with several parties involved in the company’s Significantly Excessive Earnings Test (SEET) that will freeze rates previously authorized to increase up to 6 percent in 2011 for Columbus Southern Power (CSP) customers, create jobs, provide additional assistance for low-income customers, and increase investment in Ohio. The stipulation agreement requires approval by the Public Utilities Commission of Ohio (PUCO).
November 23, 2010
AEP Ohio, a unit of American Electric Power, has signed a long-term power purchase agreement for wind energy with Paulding Wind Farm II LLC, a subsidiary of Horizon Wind Energy, a Houston-based company with over 20 wind farms across the United States.
November 10, 2010
AEP has scheduled a live audio webcast of a presentation by Chuck Zebula, senior vice president and treasurer, at the 2010 Citi North American Credit Conference in New York on Nov. 17.
November 10, 2010
G.I. Jobs magazine has named American Electric Power one of the nation’s top 100 "military-friendly" employers for the eighth consecutive year.
November 1, 2010
Electric Transmission America is partnering on two transmission projects stretching from the Indiana/Ohio border to within Iowa to reinforce the grid and support renewable energy development.
October 27, 2010
The refueling outage for Cook Nuclear Plant Unit 2 will be extended by two to three weeks for repairs to internal components of the reactor vessel.
October 27, 2010
AEP is seeking offers for the supply of coal to one or more of its generating stations.
October 27, 2010
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.
October 26, 2010
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.
October 19, 2010
- 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
October 19, 2010
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.
October 12, 2010
AEP has scheduled a meeting with financial analysts in New York after the announcement of the company’s third-quarter 2010 earnings.
October 12, 2010
Electric Transmission America (ETA), a transmission joint venture between subsidiaries of American Electric Power and MidAmerican Energy Holdings Company, today released the Phase Two report for a study of the transmission needed in the Upper Midwest to support renewable energy development and transport that energy to population and electricity load centers.
October 4, 2010
American Electric Power utility subsidiary AEP Southwestern Electric Power Company (SWEPCO) finalized the purchase of Valley Electric Membership Corporation (VEMCO) for approximately $102 million, including payment for VEMCO patronage capital, commonly known as capital credits, after closing of sale. VEMCO serves 30,000 residential, commercial and industrial customers in Caddo, DeSoto, Grant, Natchitoches, Red River, Sabine, Vernon and Winn parishes.
September 27, 2010
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.
September 24, 2010
For the fourth consecutive year, American Electric Power has been named one of the most "adoption-friendly workplaces" by the Dave Thomas Foundation for Adoption.
September 23, 2010
American Electric Power’s corporate headquarters building, 1 Riverside Plaza in Columbus, Ohio, has earned the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR, signifying that the building performs in the top 25 percent of similar facilities nationwide for energy efficiency.
September 20, 2010
American Electric Power has been named one of the "100 Best Companies for Working Mothers" for the sixth time in nine years by Working Mother magazine, a national publication targeting career-committed mothers.
September 17, 2010
AEP is seeking offers on behalf of Ohio Valley Electric Corporation (OVEC) and its subsidiary company for the supply of Powder River Basin coal to one or more of its generating stations.
September 15, 2010
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.
September 7, 2010
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.
August 26, 2010
AEP is seeking quotes for the supply of biodiesel to one or more of its generating stations in Ohio.
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 .
July 19, 2010
AEP is seeking offers for the supply of coal to one or more of its generating stations.
July 12, 2010
AEP is seeking offers for the supply of Powder River Basin coal to one or more of its generating stations.
July 2, 2010
Scott N. Smith has been named vice president and assistant to the president of OVEC, effective Aug. 1, according to Michael G. Morris, president of OVEC and chairman, president and chief executive officer of AEP.
July 1, 2010
Electric Transmission America (ETA), a transmission joint venture between subsidiaries of American Electric Power and MidAmerican Energy Holdings Company, today released Phase One of a comprehensive study of the transmission needed in the Upper Midwest to support renewable energy development and to transport that energy to population and electricity load centers.
June 24, 2010
Southwestern Electric Power Company (SWEPCO), a unit of American Electric Power, said today that construction of the John W. Turk, Jr. Power Plant will continue under an option to sell in other markets the power originally planned to serve the company’s Arkansas retail customers.
June 21, 2010
AEP has named Gregory G. Pauley president and chief operating officer of Kentucky Power, effective Aug. 1.
June 21, 2010
American Electric Power and Allegheny Energy, Inc. today announced that new studies by independent grid operator PJM Interconnection recommend construction of the Potomac-Appalachian Transmission Highline (PATH) as the most effective solution to address numerous electric reliability concerns forecast for the Mid-Atlantic region.
June 17, 2010
Southwestern Electric Power Company (SWEPCO), an operating unit of American Electric Power, has begun commercial operation of the new J. Lamar Stall Unit at Arsenal Hill in Shreveport.
June 10, 2010
AEP has named A. Wade Smith president and chief operating officer for AEP Texas, effective July 1.
June 9, 2010
Tim Riordan has been named vice president – Engineering Services for American Electric Power, effective July 1.
June 8, 2010
Appalachian Power and Wheeling Power, together with the Public Service Commission of West Virginia (PSC) Staff, the PSC Consumer Advocate Division and other intervening parties, filed a settlement agreement in the companies’ ENEC case seeking the Commission’s approval.
June 1, 2010
Southwestern Electric Power Company (SWEPCO), a unit of American Electric Power, today filed a petition for rehearing at the Arkansas Supreme Court.
May 27, 2010
AEP has scheduled a live audio webcast of a presentation by Susan Tomasky, president of AEP Transmission, at the Credit Suisse Future of Energy Conference in Washington, D.C., on June 2.
May 25, 2010
AEP is among 23 companies nationwide recognized as the “best companies for multicultural women” in the June issue of Working Mother magazine, a national publication targeting career-committed mothers.
May 13, 2010
AEP will make executive leadership changes to support the company’s strategic goals and streamline operations, according to Michael G. Morris, chairman, president and chief executive officer.
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.
May 3, 2010
Lawrence J. Weber has been named senior vice president and chief nuclear officer of American Electric Power’s Cook Nuclear Plant in Bridgman, Mich., effective May 8.
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 28, 2010
AEP has released its first Corporate Accountability Report, presenting information about the company’s financial, environmental and social performance together for the first time.
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 27, 2010
D. Michael Miller has been named senior vice president, general counsel and secretary at American Electric Power.
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.
April 1, 2010
AEP has scheduled a live audio webcast of a presentation by Brian X. Tierney, executive vice president and chief financial officer, at the Midwest Utilities Seminar in Chicago on April 8.
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.
March 26, 2010
Six new public safety advertisements from American Electric Power begin airing this month on broadcast and cable television networks across AEP’s 11-state service territory. Complementary print ads will appear in regional and local newspapers.
March 22, 2010
AEP is seeking offers for the supply of coal to one or more of its generating stations.
March 2, 2010
AEP has been named one of the top 50 companies for executive women by the National Association for Female Executives (NAFE). The list recognizes organizations whose programs and policies support women’s advancement and who have significant female representation in senior management and on boards of directors.
March 1, 2010
AEP´s Cook Nuclear Plant’s Unit 1 is scheduled to shut down early Wednesday to begin its 23rd refueling outage cycle. The 1,030-megawatt (MW) Unit 1 has been safely operating online since Dec. 20, 2009, following 15 months of extensive repair to its turbine.
February 15, 2010
The Fuel Procurement Department of the American Electric Power Service Corporation (“AEPSC”) is seeking bid proposals on behalf of one or more of its operating companies for the supply of coal to one or more power plants. AEPSC may enter into one or more agreements, each for the supply of Powder River Basin coal delivered by rail commencing as early as January 1, 2011.
February 12, 2010
AEP Ohio, an operating unit of American Electric Power (NYSE: AEP), is seeking proposals for the supply of pre-blended coal and sustainable biomass fuel for use at its Picway, Muskingum River, Conesville, Gavin and Cardinal plants in Ohio.
January 29, 2010
AEP Ohio, an operating unit of American Electric Power, is seeking proposals for the supply of sustainable biomass fuel for use at its Picway, Muskingum River and Conesville plants in Ohio.
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
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 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 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.
December 29, 2009
American Electric Power is seeking offers to supply low-sulfur coal to one or more power plants operated by its Ohio Power Co. subsidiary.
December 23, 2009
AEP´s Cook Nuclear Plant Unit 1 reached full power Tuesday after completing testing and monitoring of the restored turbine generator system. Reactor start-up began last Friday, and an initial connection to the transmission grid took place early Saturday morning. Although at full reactor power, the electrical output will be reduced by an annual average of approximately 70 megawatts because the repaired low-pressure turbine rotors do not include the largest row of blades. New low-pressure turbine rotors that support full electrical output will be installed in the fall of 2011.
December 18, 2009
AEP has restarted the Cook Nuclear Plant Unit 1 reactor and has begun testing the unit’s repaired turbine generator system. The 1,030-megawatt unit has been out of service since September 2008 when turbine vibrations, caused by broken low-pressure turbine blades, damaged the turbine generator, support structures and associated systems.
December 4, 2009
American Electric Power was notified by the U.S. Department of Energy that it was selected to receive funding through the Clean Coal Power Initiative Round 3 to pay part of the costs of installing the nation’s first commercial-scale carbon dioxide capture and storage system on its Mountaineer coal-fired power plant in New Haven, W.Va.
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 19, 2009
American Electric Power utility subsidiary AEP Southwestern Electric Power Company (SWEPCO) has signed a letter of intent to purchase the transmission and distribution assets of Valley Electric Membership Corporation (VEMCO).
November 9, 2009
G.I. Jobs magazine has named American Electric Power one of the nation’s 100 most "military-friendly" employers for the seventh consecutive year.
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 30, 2009
Federal and state government officials today joined executives from American Electric Power (NYSE: AEP) and Alstom at AEP’s Mountaineer Plant to formally commission the world’s first project to both capture and store carbon dioxide (CO2) from a coal-fired power plant. The officials hailed the project as a significant milestone in the effort to reduce CO2 emissions from the combustion of fossil fuels.
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 .
October 22, 2009
Plant Construction ContinuesThe Arkansas Supreme Court has decided to review a case concerning the John W. Turk, Jr. Power Plant now under construction by Southwestern Electric Power Company (SWEPCO), a unit of American Electric Power.
October 19, 2009
Cooperative agreement will foster programs to support wildlife populations and promote biodiversity on AEP-owned lands and transmission rights of way.
October 1, 2009
AEP has been selected as one of this year’s top 60 companies for Hispanics by Hispanic Business magazine.
September 29, 2009
American Electric Power has been selected as a winner of the 2009 Alfred P. Sloan Award for Business Excellence in Workplace Flexibility.
September 22, 2009
James F. Cordes, former executive vice president of The Coastal Corp., has been elected to American Electric Power’s (NYSE: AEP) board of directors, according to Lester A. Hudson Jr., presiding director of AEP’s board of directors.
September 22, 2009
American Electric Power (NYSE: AEP) has been named one of the “100 Best Companies for Working Mothers” by Working Mother magazine, a national publication targeting career-committed mothers, for the fifth time in eight years.
September 22, 2009
American Electric Power has made executive leadership changes, effective Oct. 1.
September 1, 2009
Electric Transmission Texas LLC (ETT) has completed a contract with NGK-Locke, Inc. for a state-of-the-art, sodium-sulfur 4-megawatt NAS® battery system, which will be installed in Presidio, Texas. ETT is a joint venture between American Electric Power and MidAmerican Energy Holdings Company.
August 20, 2009
American Electric Power will apply for funding from the U.S. Department of Energy Clean Coal Power Initiative Round 3 to pay part of the costs of installing the nation’s first commercial-scale carbon dioxide capture and storage system on its Mountaineer coal-fired power plant in New Haven, W.Va.
August 18, 2009
Electric Transmission America (ETA), a transmission joint venture of American Electric Power and MidAmerican Energy Holdings Company, has joined with American Transmission Company, Exelon Corporation, NorthWestern Energy and MidAmerican Energy Company, a subsidiary of MidAmerican Energy Holdings Company, to sponsor a comprehensive study of the transmission needed in the Upper Midwest to support renewable energy development and to transport that energy to consumers in markets to the east.
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.
July 24, 2009
American Electric Power (NYSE: AEP) has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Friday, July 31. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
July 15, 2009
AEP Ohio, an operating unit of American Electric Power is seeking proposals for up to 1,800 solar Renewable Energy Certificates (RECs). The RECs must be associated with electricity generated between July 31, 2008, and Dec. 31, 2009, from solar renewable resources with a placed-in-service date of Jan. 1, 1998, or later.
June 29, 2009
Plant Construction Continues
Southwestern Electric Power Company (SWEPCO), a unit of American Electric Power, has asked the Arkansas Supreme Court to review a case concerning the John W. Turk Jr. Power Plant because of what SWEPCO considers to be errors in an appeals court ruling
June 15, 2009
American Electric Power through its AEP Ohio unit, has signed a long-term power purchase agreement to purchase all the output of a 10.08-megawatt (MW) solar energy facility to be built in Ohio.
June 1, 2009
American Electric Power issued a request for proposals (RFP) seeking long-term purchases of up to 1,100 megawatts (MW) of renewable energy resources.
May 22, 2009
AEP has scheduled a live audio webcast of remarks by Michael G. Morris, AEP chairman, president and chief executive officer, May 27 at the Sanford Bernstein & Co. Strategic Decisions Conference 2009 in New York.
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.
May 11, 2009
AEP announced today that its American Electric Power Service Corp. (AEPSC) subsidiary is seeking offers for the supply of Powder River Basin coal to one or more of its operating companies starting as early as January 1, 2010 for the following periods:
May 1, 2009
For the third consecutive year, AEP has been named the most “adoption-friendly workplace” in the energy and utilities sector by the Dave Thomas Foundation for Adoption.
April 30, 2009
AEP Southwestern Electric Power Co. (SWEPCO) and its subsidiary Dolet Hills Lignite Co. (DHLC), announced today that they have entered into an agreement with The North American Coal Corporation and its affiliates, Red River Mining Company (RRMC) and Oxbow Property Company L.L.C. (OPC), to acquire 50 percent of the Oxbow Mine lignite reserves and all associated mining equipment and assets. As part of the transaction, Cleco Power LLC, a subsidiary of Cleco Corp., is acquiring the remaining 50 percent of Oxbow Mine lignite reserves, located near Coushatta, La.
April 29, 2009
AEP is seeking offers for the supply of high-sulfur coal to one or more of its generating stations.
April 28, 2009
Company announces goal in 2009 Corporate Sustainability Report released today
American Electric Power is doubling its goal of adding 1,000 megawatts (MW) of renewable energy to 2,000 MW by the end of 2011, with regulatory support. The goal is one of 12 new targets announced in the company’s third annual Corporate Sustainability Report released today at http://www.AEP.com/cr. This will bring the company’s total renewable energy portfolio to more than 2,600 MW by the end of 2011.
April 28, 2009
Actions taken by American Electric Power to manage the effects of the nation’s economic downturn have the company positioned to resume growth when the economy improves, according to Michael G. Morris, AEP’s chairman, president and chief executive officer.
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 24, 2009
American Electric Power will provide a live webcast of its annual meeting of shareholders Tuesday, April 28, beginning at 10:30 a.m. EDT (9:30 a.m. CDT). The meeting will be held in Austin, Texas.
April 22, 2009
Public Service Company of Oklahoma (PSO), a subsidiary of American Electric Power (NYSE: AEP), and Exelon Generation Company LLC, a subsidiary of Exelon Corporation, have executed a long-term purchase power agreement (PPA) for which an application seeking its approval is expected to be filed with the Oklahoma Corporation Commission (OCC) in a matter of days.
April 17, 2009
AEP has scheduled a quarterly earnings meeting with financial analysts for 8:30 a.m. EDT Friday, April 24. The meeting, which will be held in New York City, will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
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.
April 1, 2009
American Electric Power (NYSE: AEP) announced today that it has priced a public offering of 60 million shares of common stock at $24.50 per share for gross proceeds of approximately $1.47 billion.
March 30, 2009
Paperless billing program encourages customers to receive and pay bills online.
Customers of American Electric Power utility companies who enroll in AEP’s paperless billing program over the next two months will save time and money while helping the environment.
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.
March 19, 2009
COLUMBUS, Ohio, March 19, 2009 – Michael G. Morris, American Electric Power (NYSE: AEP) chairman, president and chief executive officer, will be joined by oil and gas industry veteran T. Boone Pickens for a town hall meeting to discuss the need to modernize and expand the electricity grid, tap into alternative energy sources and reduce the nation’s dependence on foreign oil.
March 3, 2009
The American Electric Power Foundation will donate $200,000 to respond to The Columbus Foundation’s Critical Need Alert and the creation of the Safety Net Fund to help 20 area nonprofit organizations offer food and housing to people in need in central Ohio.
February 19, 2009
AEP has signed on as a corporate sponsor of The Pickens Plan, the energy independence plan proposed by oil and gas industry veteran T. Boone Pickens.
February 10, 2009
AEP achieves more than 90 percent of 1,000-megawatt wind energy goal.
American Electric Power operating units have signed power purchase agreements for renewable wind energy totaling approximately 250 megawatts (MW) to serve customers in Indiana, Michigan, Ohio, Virginia and West Virginia. With these new agreements, AEP has contracted for 903.4 MW of wind generation capacity since 2007, when the company committed to adding 1,000 MW of renewable wind energy to its generation mix by 2011.
February 5, 2009
American Electric Power operating unit Public Service Company of Oklahoma (PSO) has signed long-term power purchase agreements for approximately 198 megawatts of renewable energy from two Oklahoma wind farms.
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 28, 2009
AEP has scheduled a live audio webcast of a presentation by Susan Tomasky, president – AEP Transmission, at the Credit Suisse Energy Summit in Vail, Colo., Feb. 3.
January 28, 2009
AEP is the first utility to be recognized as a SmartWay Transport partner by the U.S. Environmental Protection Agency (EPA) for the company’s efforts to reduce transportation-related greenhouse gas emissions.
January 27, 2009
Sara Martinez Tucker, former undersecretary of the U.S. Department of Education and former president and chief executive officer of the Hispanic Scholarship Fund, has been elected to American Electric Power’s Board of Directors, according to Michael G. Morris, chairman, president and chief executive officer.
January 23, 2009
Minority Engineer magazine has named American Electric Power (NYSE: AEP) one of the nation´s top 50 private-sector employers.
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.
January 21, 2009
Joseph N. (Joe) Jensen has been named senior vice president and chief nuclear officer of American Electric Power’s D.C. Cook Nuclear Plant in Bridgman, Mich., effective Jan. 26. Jensen has been a vice president at Cook since 2003, most recently with responsibilities for design and plant engineering, technical projects and support services.
January 13, 2009
American Electric Power subsidiary Southwestern Electric Power Co. (SWEPCO) has signed a long-term power purchase agreement for renewable wind energy with Majestic Wind Power LLC, a subsidiary of Babcock & Brown Renewable Holdings Inc.
December 30, 2008
American Electric Power announced today that its American Electric Power Service Corp. (AEPSC) subsidiary is seeking offers for the supply of low-sulfur coal to its Clinch River generating station, a subsidiary of Appalachian Power Co.
December 2, 2008
American Electric Power is evaluating the feasibility of building a multi-state, extra-high voltage transmission project across the Upper Midwest to support the development of renewable energy.
December 1, 2008
American Electric Power continues work to repair Cook Nuclear Plant’s damaged Unit 1 turbine generator. A repair option may allow operation at reduced power, but the rotors will ultimately be replaced to ensure the long-term viability of the unit. The expected return-to-service timeline ranges from the second half of 2009, if repair is successful, to 2010 if the rotors must be replaced before operation.
November 10, 2008
G.I. Jobs magazine has named American Electric Power (NYSE: AEP) one of the nation’s 50 most “military-friendly” employers for the sixth consecutive year. AEP is among only seven companies that have appeared on the publication’s top-50 list each year since it was introduced in 2003.
November 9, 2008
American Electric Power is refining its ongoing earnings guidance range for 2009, citing the potential earnings impact of a variety of regulatory and economic factors.
November 5, 2008
AEP has scheduled a live audio webcast of remarks by Michael G. Morris, AEP chairman, president and chief executive officer, Nov. 11 at the 43rd annual Edison Electric Institute Financial Conference in Phoenix, Ariz.
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.
October 24, 2008
American Electric Power has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EDT Friday, Oct. 31. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts .
October 24, 2008
Initial inspections and disassembly of the main turbine are complete at American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 1, out of service since Sept. 20 after vibrations, likely caused by a broken low pressure turbine blade, damaged the main turbine. The vibration also caused a hydrogen leak, resulting in a fire in the main generator that caused minimal damage to the facility.
September 23, 2008
Approximately 10,000 South Bend, Ind. area customers of Indiana Michigan Power (I&M), a utility unit of American Electric Power (NYSE: AEP), will soon participate in a demonstration of new technologies designed to promote service reliability and help customers manage usage and save money.
September 23, 2008
For the fourth time in seven years, American Electric Power has been named one of the “100 Best Companies for Working Mothers” by Working Mother magazine, a national publication targeting career-committed mothers. AEP is the only central Ohio-based company and the only electric utility on the list, which appears in the magazine’s October edition.
September 18, 2008
American Electric Power has scheduled a live audio webcast of remarks by Michael G. Morris, AEP chairman, president and chief executive officer, Sept. 24 at the Merrill Lynch Power & Gas Leaders Conference in New York.
August 28, 2008
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of remarks by Michael G. Morris, AEP chairman, president and chief executive officer, Sept. 3 at the Lehman Brothers CEO Energy/Power Conference in New York.
August 14, 2008
American Electric Power (NYSE: AEP) subsidiary Appalachian Power Co. has signed a long-term power purchase agreement for renewable wind energy with Beech Ridge Energy LLC, a subsidiary of Invenergy Wind LLC.
August 11, 2008
American Electric Power (NYSE: AEP) has formed a joint venture company with Duke Energy (NYSE: DUK) to build and own new electric transmission assets.
August 6, 2008
Charles E. Zebula has been named senior vice president and treasurer of American Electric Power, the company announced today. The change is effective Sept. 1.
August 1, 2008
American Electric Power (NYSE: AEP) operating subsidiaries Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) have issued a Request for Proposals (RFP) for the purchase of capacity and associated energy that will allow SWEPCO and PSO to satisfy planning reserve requirements of the Southwest Power Pool (SPP) for the 2010-2012 time period.
July 31, 2008
Though faced with the skyrocketing cost of conventional fuels and infrastructure costs to keep the system up and running, AEP Ohio, a unit of American Electric Power (NYSE: AEP), today filed its Electric Security Plan (ESP) with the Public Utility Commission of Ohio (PUCO), a comprehensive plan that invests in the future while holding rate increases to approximately 15 percent annually for the next three years.
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
July 25, 2008
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 10 a.m. EDT Thursday, July 31. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
July 24, 2008
Electric Transmission Texas, LLC, (ETT) has joined with several other Texas transmission providers to form a consortium to jointly develop transmission facilities to enhance wind power development in Texas.
July 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.
July 22, 2008
John F. Turner, former Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs (OES) and former head of The Conservation Fund, has been elected to American Electric Power’s (NYSE: AEP) board of directors, according to Michael G. Morris, AEP’s chairman, president and chief executive officer.
July 15, 2008
Electric Transmission America (ETA), a joint venture of American Electric Power (NYSE: AEP) and MidAmerican Energy Holdings, has formed a joint venture company with OGE Energy Corp. (NYSE: OGE) to build and own new electric transmission assets in Oklahoma.
June 23, 2008
AEP River Operations has acquired several assets of the Erlbacher family’s Cape Girardeau-based river businesses – Missouri Barge Line Company and Cape Girardeau Fleeting, Inc.
June 11, 2008
American Electric Power (NYSE: AEP) has made a series of changes in executive positions, according to Michael G. Morris, AEP’s chairman, president and chief executive officer.
June 2, 2008
American Electric Power (NYSE:AEP) has named Richard E. Munczinski senior vice president – shared services, according to Michael G. Morris, AEP’s chairman, president and chief executive officer.
May 28, 2008
American Electric Power (NYSE: AEP) operating unit AEP Ohio today issued a request for proposals (RFP) seeking long-term purchases of up to 300 megawatts (MW) of renewable energy resources.
May 28, 2008
For the third consecutive year, American Electric Power (NYSE: AEP) is on Working Mother magazine’s list of the 20 “best companies for multicultural women.” The list appears in the June edition of the national publication, which targets career-committed mothers.
May 23, 2008
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of remarks by Holly Koeppel, AEP executive vice president and chief financial officer, May 29 at the Deutsche Bank 2008 Energy and Utilities Conference in Miami Beach, Fla.
May 19, 2008
Electric Transmission America (ETA), a joint venture of subsidiaries of American Electric Power (NYSE: AEP) and MidAmerican Energy Holdings Co., has formed a joint venture company with Westar Energy Inc. (NYSE: WR) to build and own new electric transmission assets in Kansas.
May 15, 2008
Public Service Company of Oklahoma (PSO), a subsidiary of American Electric Power, has issued a request for proposals (RFP) seeking 450 to 600 megawatts (MW) of new generation resources to meet increases in customer demand for electricity. The new resources are to be available beginning in 2012.
May 15, 2008
Public Service Company of Oklahoma (PSO), a subsidiary of American Electric Power (NYSE: AEP), today made two separate filings at the Oklahoma Corporation Commission (OCC); the first addressing the company’s need to increase customer charges for fuel costs and purchased power, and the second giving notice of PSO’s plans to file a base rate case.
May 12, 2008
American Electric Power (NYSE: AEP) today dedicated a new 83,500-square-foot facility in the Village of New Albany that houses the company’s electricity transmission control operations.
May 9, 2008
Live webcasts are scheduled of three panel discussions featuring Holly Koeppel, executive vice president and chief financial officer of American Electric Power, at the Goldman Sachs Power and Utility Conference in New York May 13-14.
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 23, 2008
American Electric Power (NYSE:AEP) subsidiary Southwestern Electric Power Company (SWEPCO) today announced the Louisiana Public Service Commission’s (LPSC) approval of a formula rate plan for the company’s 176,000 Louisiana customers. The LPSC unanimously approved the plan in its April 16 regular session. Commission approval follows the announcement of an agreement regarding the plan between SWEPCO and the LPSC staff reached last month.
April 23, 2008
American Electric Power (NYSE: AEP) has released its second Corporate Sustainability Report, addressing issues that affect its ongoing sustainability, including climate change; environmental performance; public policy; energy security, reliability and growth; work force issues; stakeholder engagement and leadership, management and strategy.
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.
April 22, 2008
American Electric Power (NYSE: AEP) entered 2008 with a strong balance sheet, stable credit profile and favorable dividend yield to support investment and growth in the years ahead, Michael G. Morris, AEP chairman, president and chief executive officer, told shareholders attending the company’s annual meeting today in Roanoke, Va.
April 18, 2008
American Electric Power (NYSE: AEP) subsidiary Southwestern Electric Power Co. (SWEPCO) today issued a request for proposals seeking long-term purchases of 65 megawatts (MW) of new renewable energy resources to be operational by the end of 2010.
April 18, 2008
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EDT Thursday, April 24. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
April 16, 2008
American Electric Power will provide a live webcast of its annual meeting of shareholders April 22 beginning at 9:30 a.m. EDT. The meeting will be in Roanoke, Va.
April 4, 2008
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of a presentation by Holly Koeppel, AEP executive vice president and chief financial officer, April 10 at the Midwest Utilities Seminar sponsored by Wall Street Access and Berenson & Co.
April 3, 2008
American Electric Power (NYSE:AEP) subsidiary Southwestern Electric Power Company (SWEPCO) today announced an agreement with the Louisiana Public Service Commission (LPSC) staff on a rate plan for the company’s 176,000 Louisiana customers, pending full LPSC approval. The Commission is expected to act on the agreement at its April 16 Open Session.
April 1, 2008
American Electric Power (NYSE: AEP) subsidiary Appalachian Power issued a request for proposals today seeking long-term purchases of up to approximately 100 megawatts of new renewable energy resources to be operational by the end of 2010.
March 28, 2008
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of a presentation by Michael G. Morris, AEP chairman, president and chief executive officer, at the Morgan Stanley Global Electricity & Energy Conference in New York April 3.
March 26, 2008
American Electric Power’s (NYSE:AEP) Cook Nuclear Plant Unit 1 was safely shut down early Wednesday to begin a refueling outage. During the just-completed 18-month fuel cycle, Unit 1 operated at 100.7 percent capacity factor, a record for the dual-unit site, and generated 12,532,902 megawatthours of electricity, a record for the unit. The last three 18-month fuel cycles for Unit 1 have been the best ever in terms of generation.
March 25, 2008
The Louisiana Public Service Commission (LPSC) has approved a request by Southwestern Electric Power Company (SWEPCO), a unit of American Electric Power (NYSE: AEP), to construct a 600-megawatt coal-fueled power plant in Hempstead County in southwest Arkansas. The five-member Commission unanimously approved the request for certification on March 19.
March 14, 2008
American Electric Power (NYSE: AEP) reaffirmed its commitment to Integrated Gasification Combined Cycle (IGCC) generation but indicated that the company will have to wait for clarity about the future of electricity generation in Ohio before it can determine if it can build an IGCC plant in the state.
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.
March 7, 2008
American Electric Power (NYSE: AEP) operating unit Appalachian Power has received authority from the Public Service Commission of West Virginia (WV PSC) to build a 629-megawatt Integrated Gasification Combined Cycle (IGCC) electric generating plant in West Virginia.
March 3, 2008
American Electric Power (NYSE: AEP) today announced that the Potomac-Appalachian Transmission Highline (PATH), AEP’s transmission joint venture with Allegheny Energy (NYSE: AYE), received approval from the Federal Energy Regulatory Commission (FERC) for transmission incentives to help support construction of the approximately 290-mile, extra-high voltage transmission line from West Virginia into Maryland.
February 22, 2008
American Electric Power (NYSE: AEP) has sold four inactive generating plants owned by its AEP Texas North Generation Company LLC subsidiary to Eagle Construction and Environmental Services, LP.
February 20, 2008
American Electric Power (NYSE: AEP) has been named one of the “100 best corporate citizens” for 2008 by CRO (Corporate Responsibility Officer) magazine.
February 13, 2008
American Electric Power (NYSE: AEP) will engage university students in a dialogue about energy availability and security and related issues over the next two months. Michael G. Morris, AEP chairman, president and chief executive officer, plans to visit six campuses between Feb. 18 and April 30 as part of “The Future of Energy” University Listening Tour.
February 6, 2008
Mark C. McCullough has been named senior vice president, Fossil and Hydro Generation for American Electric Power (NYSE: AEP). He has been AEP’s vice president, Fossil and Hydro Generation – Baseload Assets since 2003.
January 31, 2008
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 Credit Suisse Energy Summit in Vail, Colo., Feb. 5.
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 28, 2008
AEP MEMCO, LLC, a subsidiary of American Electric Power (NYSE: AEP) and part of its AEP River Operations division, has leased five towboats and purchased related assets from B&H Towing, Inc. and its affiliate, Lay Leasing, Inc. (the “Lay Companies”) of Paducah, Ky. The Lay Companies are privately-held companies that have supplied fully-found towboats to AEP River Operations for 12 years.
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.
January 23, 2008
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EST Tuesday, Jan. 29. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
January 17, 2008
American Electric Power’s (NYSE: AEP) aggressive program to install emissions-reduction equipment on its existing plants and build new generation facilities has grown to become the largest in the utility industry and second largest in the nation. The company’s construction program was ranked the second largest in the United States and the largest in the utility industry, based on capital invested, in a Nov. 26, 2007 report from Engineering News-Record. Only Alcoa had a larger construction program during the same period. In 2007 alone, AEP completed installation of advanced emissions-control equipment on 3,500 megawatts of coal-fueled generation and started and finished construction of a 340-megawatt gas-fueled power plant.
January 9, 2008
American Electric Power (NYSE: AEP) has earned the industry’s top honors for assisting other utilities during emergencies and for restoration of power after extensive storm-related outages during 2007.
December 28, 2007
American Electric Power today announced that Potomac-Appalachian Transmission Highline LLC, AEP’s transmission joint venture with Allegheny Energy, has filed with the Federal Energy Regulatory Commission to establish a transmission rate to recover costs for the approximately 290-mile, extra-high voltage transmission line that the companies propose to build from West Virginia into Maryland.
December 21, 2007
American Electric Power (NYSE: AEP) and MidAmerican Energy Holdings Co. (MidAmerican) today completed the transaction establishing Electric Transmission Texas, LLC (ETT) as a joint venture to build transmission projects within the Electric Reliability Council of Texas (ERCOT).
December 14, 2007
American Electric Power (NYSE: AEP) has made organizational and executive leadership changes to support the company´s strategic and executive succession goals, according to Michael G. Morris, AEP’s chairman, president and chief executive officer.
December 13, 2007
Thomas E. Hoaglin, chairman and chief executive officer of Huntington Bancshares Inc., has been elected to American Electric Power’s (NYSE: AEP) board of directors, according to Michael G. Morris, AEP’s chairman, president and chief executive officer.
December 11, 2007
American Electric Power (NYSE: AEP) is one of 10 international electric utilities, and the only U.S.-based utility, participating in a project of the World Business Council for Sustainable Development (WBCSD) that is designed to promote the achievement of a sustainable electricity future. The WBCSD Electricity Utilities Sector Project released its interim report “Powering a Sustainable Future: Policies and Measures to Make it Happen” today at the United Nations Climate Change conference in Bali.
November 8, 2007
G.I. Jobs magazine is recognizing American Electric Power (NYSE: AEP) as one of the nation’s 50 most “military-friendly” employers for the fifth consecutive year. AEP is among only seven companies that have been named to the publication’s top-50 list each year since its inception in 2003.
November 8, 2007
American Electric Power (NYSE: AEP) announced today that RWE AG, one of the world’s leading power producers and the largest electricity producer in Germany, will collaborate with AEP and Alstom during a planned validation of commercial-scale application of carbon capture and storage technology on an existing AEP coal-fired power plant.
October 31, 2007
American Electric Power has scheduled a live audio webcast of remarks by Holly Koeppel, AEP executive vice president and chief financial officer, Nov. 6 at the 42nd annual Edison Electric Institute Financial Conference in Lake Buena Vista, Fla.
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 19, 2007
American Electric Power has scheduled its quarterly earnings conference call with financial analysts for 10 a.m. EDT Wednesday, Oct. 24.
October 18, 2007
American Electric Power (NYSE: AEP) said today the Public Utility Commission of Texas (PUCT) has approved an increase in the rates AEP Texas Central Company (TCC) charges Retail Electric Providers (REPs) for the delivery of electricity over its transmission and distribution system.
October 18, 2007
American Electric Power (NYSE: AEP) is purchasing property adjacent to its Lakin, W.Va., river operations center to be used for expansion of that facility.
October 17, 2007
Michael Rencheck has been named senior vice president and chief nuclear officer for American Electric Power’s (NYSE: AEP) D.C. Cook Nuclear Plant in Bridgman, Mich., effective Nov. 1. He has been AEP’s senior vice president – Engineering, Projects and Field Services since January 2006.
October 16, 2007
American Electric Power (NYSE: AEP) and SemGreen L.P., a subsidiary of SemGroup L.P., have signed a memorandum of understanding regarding the delivery and use of carbon dioxide captured by a planned commercial-scale carbon capture system on AEP subsidiary Public Service Company of Oklahoma’s Northeastern coal-fired power plant.
October 9, 2007
American Electric Power (NYSE: AEP) has reached a settlement agreement with the U.S. Environmental Protection Agency (U.S. EPA), eight states and 14 environmental organizations, bringing an end to almost eight years of litigation regarding alleged violations of the New Source Review (NSR) provisions of the Clean Air Act. AEP admits no violations of law, and all claims against AEP were released.
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.
October 4, 2007
AEP seeks sites for initial deployment to 200,000 customers, goal of 5 million by 2015;
technologies improve overall efficiency, enable customers to control electricity costs
October 1, 2007
American Electric Power (NYSE: AEP) has completed the sale of its 50 percent interest in the Sweeny Cogeneration plant in Texas to ConocoPhillips for approximately $80 million, including working capital items and the assumption of project debt.
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.
September 28, 2007
American Electric Power (NYSE: AEP) and The AEP Foundation have committed to investing an estimated $120 million over the next five years to demonstrate green building technologies and support development of public green spaces and environmental education as part of the company’s participation in the Clinton Global Initiative (CGI). The commitment was announced today at the 2007 CGI annual meeting in New York.
September 25, 2007
For the third time in six years, American Electric Power has been selected as one of the “100 Best Companies for Working Mothers” by Working Mother magazine, a national publication targeting career-committed mothers.
September 24, 2007
American Electric Power subsidiary Appalachian Power Co. has signed a long-term power purchase agreement for renewable wind energy with Camp Grove Wind Farm LLC, a wind project majority owned by Orion Energy Group LLC.
September 20, 2007
American Electric Power and ABB have entered into an alliance to develop advanced technologies to enhance 765-kilovolt (kV) extra-high voltage transmission.
September 20, 2007
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of remarks by Michael G. Morris, AEP’s chairman, president and chief executive officer, at the Merrill Lynch Power & Gas Leaders Conference in New York Sept. 26.
September 19, 2007
American Electric Power announced today that it has completed the purchase of a natural gas-fired power plant under construction near Dresden, Ohio, from Dresden Energy LLC, a subsidiary of Dominion.
September 18, 2007
American Electric Power (NYSE: AEP) has formed a joint venture company with a MidAmerican Energy Holdings Company (MidAmerican) subsidiary to build and own electric transmission assets. The joint venture, Electric Transmission America LLC (ETA), will be a 50-50 partnership to identify and invest in high-voltage transmission projects (345-kilovolt or higher) located in North America outside of the Electric Reliability Council of Texas (ERCOT).
September 17, 2007
American Electric Power’s (AEP:NYSE) Cook Nuclear Plant Unit 2 set several fuel cycle records as the reactor was safely shut down early Saturday to begin a refueling outage. In addition to refueling the reactor and regular outage maintenance and testing work, this outage includes replacing the reactor vessel head and other major component and system improvements. Total project costs will be more than $70 million.
September 14, 2007
American Electric Power (NYSE: AEP) and ITC Holdings Corp. (ITC) today released the results of their joint technical study evaluating the feasibility of extending AEP’s existing 765-kilovolt (kV) transmission infrastructure through Michigan to enhance reliability and support a more efficient generation marketplace. The companies announced the study Nov. 6, 2006.
September 11, 2007
American Electric Power (NYSE: AEP), as part of the company´s comprehensive effort to integrate new technologies for reliability, renewable energy and energy efficiency to meet customers’ future needs, is expanding its use of large-scale battery technology on its electricity grid.
September 10, 2007
Oklahoma Corporation Commissioners Monday issued an oral order denying PSO´s application for approval of the $1.8 billion Red Rock coal-fired power plant project. PSO had proposed to build the plant with Oklahoma Gas & Electric and the Oklahoma Municipal Power Authority. The vote to deny the application was 2-1.
August 30, 2007
American Electric Power (NYSE: AEP) is the first electric utility to commit to participation as a corporate champion in the Green Suppliers Network (GSN) program, which seeks to help small and medium-sized manufacturers become more competitive while reducing their impact on the environment.
August 30, 2007
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 Lehman Brothers CEO Energy/Power Conference in New York Sept. 5.
August 23, 2007
American Electric Power (NYSE: AEP) has finalized its transmission joint venture with Allegheny Energy (NYSE: AYE). The companies announced plans April 18 to create the joint venture to build a 290-mile, high-voltage transmission line from West Virginia into Maryland.
August 21, 2007
American Electric Power has reached an agreement to sell its 50 percent interest in the Sweeny Cogeneration plant in Texas to ConocoPhillips for approximately $80 million, including working capital items and the assumption of project debt.
August 16, 2007
American Electric Power operating subsidiary AEP Ohio today filed as an intervenor in support of the competitive generation supply plan currently being considered by the Public Utilities Commission of Ohio (PUCO).
The plan, as proposed July 10 by FirstEnergy, includes bidding processes for providing competitively priced generation service to customers who do not choose to purchase electricity from another supplier. The plan will minimize customers’ exposure to price volatility by averaging the results of multiple bidding sessions conducted at different times during the year.
August 10, 2007
American Electric Power has scheduled a live audio webcast of a presentation by Michael G. Morris, AEP’s chairman, president and chief executive officer, at the Wall Street Analyst Forum in New York Aug. 16.
August 8, 2007
American Electric Power (NYSE: AEP) announced today that it has agreed to purchase a natural gas-fired power plant under construction near Dresden, Ohio, from Dresden Energy LLC, a subsidiary of Dominion (NYSE: D), for approximately $85 million.
August 8, 2007
Two American Electric Power (NYSE: AEP) subsidiaries have signed long-term power purchase agreements with Fowler Ridge Wind Farm LLC, an indirect subsidiary of BP Alternative Energy North America Inc., for a total of 200 megawatts (MW) of renewable wind energy.
August 6, 2007
AEP operating subsidiaries Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) have issued a Request for Proposals (RFP) for the purchase of short-term capacity that will allow SWEPCO and PSO to satisfy planning reserve requirements of the Southwest Power Pool (SPP) for the 2009-2012 summer peaking periods.
August 2, 2007
American Electric Power (NYSE: AEP) is actively seeking buyers for four inactive gas-fired power generating plants in Texas.
July 31, 2007
Four American Electric Power (NYSE: AEP) subsidiaries today filed notices with the Securities and Exchange Commission (SEC) to end their financial reporting obligations with the SEC, consistent with federal securities law.
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.
July 25, 2007
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EDT Tuesday, July 31. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
July 16, 2007
American Electric Power (NYSE: AEP) operating subsidiaries Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) are planning to issue a Request for Proposals (RFP) Aug. 6 for the purchase of capacity. In order to solicit input from potential bidders and other interested parties prior to the issuance of the RFP, comments are being sought on the draft RFP listed below.
July 13, 2007
American Electric Power’s (NYSE: AEP) Southwestern Electric Power Company (SWEPCO) has begun commercial operation of the new Harry D. Mattison Power Plant at Tontitown, Ark.
June 22, 2007
American Electric Power’s (NYSE: AEP) 765-kilovolt (kV) joint transmission line proposal with Allegheny Energy Inc. (NYSE: AYE) was approved today by PJM Interconnection (PJM).
June 18, 2007
A proposed Integrated Gasification Combined Cycle (IGCC) clean-coal power plant in New Haven, W.Va., could be completed in mid-2012 at the earliest at a cost of approximately $2.23 billion if appropriate regulatory approvals are obtained in West Virginia and Virginia without delays, according to testimony filed with the Public Service Commission of West Virginia (PSC) today by Appalachian Power, an operating subsidiary of American Electric Power (NYSE: AEP).
June 15, 2007
AEP has accepted an invitation to join the World Business Council for Sustainable Development, a global association dealing exclusively with business and sustainable development.
June 14, 2007
American Electric Power (NYSE: AEP) today announced an agreement with an affiliate of Environmental Credit Corp. (ECC) to purchase approximately 4.6 million carbon credits between 2010 and 2017 generated from capturing methane on livestock farms. (One carbon credit is equal to one ton of carbon dioxide reduction.) The agreement is part of the first large-scale livestock methane offset program established in the United States that will capture and destroy methane from approximately 400,000 head of livestock on as many as 200 U.S. farms.
June 1, 2007
Live webcasts are scheduled of two panel discussions featuring Michael G. Morris, chairman, president and chief executive officer of American Electric Power, June 7 at the Citi Investment Research Power, Gas and Utilities Conference in Charleston, S.C.
May 24, 2007
American Electric Power (NYSE: AEP) subsidiary AEP Texas North Company (TNC) announced that the Public Utility Commission of Texas (PUCT) has approved the unanimous settlement of a request by TNC to increase the rates it charges Retail Electric Providers (REPs) for transmission and distribution services.
May 24, 2007
American Electric Power has scheduled a live audio webcast of remarks by Holly Koeppel, AEP’s executive vice president and chief financial officer, at the Deutsche Bank Securities 2007 Energy and Utilities Conference in Miami Beach, Fla.
May 23, 2007
American Electric Power is among 20 companies nationwide that are recognized in the June edition of Working Mother magazine as “best companies for multicultural women.”
May 22, 2007
American Electric Power has joined the Electric Drive Transportation Association (EDTA).
May 16, 2007
American Electric Power (NYSE: AEP), through its AEP Generating Co. subsidiary, today completed the purchase of the Lawrenceburg Generating Station in Indiana from an affiliate of Public Service Enterprise Group (NYSE: PEG).
May 7, 2007
Live webcasts are scheduled of three panel discussions featuring Holly Koeppel, executive vice president and chief financial officer of American Electric Power, May 11 at the Goldman Sachs Power and Utility Conference in New York.
May 4, 2007
American Electric Power’s (NYSE: AEP) Southwestern Electric Power Company (SWEPCO) has awarded The Shaw Group Inc. (NYSE: SGR) of Baton Rouge, La. the engineering, procurement and construction (EPC) contract to build the John W. Turk, Jr. Power Plant, a new 600-megawatt (MW) coal-fueled power plant at Fulton, Ark., in Hempstead County near Texarkana. SWEPCO is seeking the necessary regulatory approvals to build the plant from various Arkansas, Texas and Louisiana authorities.
April 30, 2007
American Electric Power has been named the most “adoption-friendly workplace” in the energy and utilities sector for 2007 by the Dave Thomas Foundation for Adoption.
April 27, 2007
American Electric Power (NYSE: AEP) commended the Department of Energy’s (DOE) designation of two draft National Interest Electric Transmission Corridors to address the significant congestion issues and reliability concerns currently impacting the transmission grid.
April 26, 2007
American Electric Power (NYSE: AEP) has released its first-ever Corporate Responsibility Report in which it addresses issues that affect the company’s sustainability, including climate change, public policy strategy, environmental performance, energy security, reliability and growth, work force issues and stakeholder engagement.
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 25, 2007
Columbus Southern Power, a utility subsidiary of American Electric Power (NYSE: AEP), today completed the purchase of the Darby Electric Generating Station from DPL Energy, LLC, a subsidiary of DPL Inc.
April 25, 2007
Every dollar spent for construction of new transmission lines to support the development of wind resources in Texas will result in a $5 to $7 reduction in energy costs, according to testimony filed Tuesday with the Public Utility Commission of Texas (PUCT) by Electric Transmission Texas LLC (ETT), a proposed joint venture between subsidiaries of American Electric Power (NYSE: AEP) and MidAmerican Energy Holdings Co.
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.
April 24, 2007
American Electric Power (NYSE: AEP) entered 2007 with a strong balance sheet and a focus on sustainability and disciplined growth, Michael G. Morris, AEP chairman, president and chief executive officer, told shareholders attending the company’s annual meeting today in Shreveport, La.
April 20, 2007
American Electric Power has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EDT Thursday, April 26.
April 19, 2007
American Electric Power today said that it expects first-quarter 2007 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), and first-quarter 2007 ongoing earnings (earnings excluding special items) of approximately $0.68 per share. First-quarter 2006 GAAP earnings were $0.97 per share and first-quarter 2006 ongoing earnings were $0.96 per share.
April 18, 2007
American Electric Power has signed a memorandum of understanding (MOU) with Allegheny Energy Inc. to form a joint venture company to build and own new electric transmission assets within PJM Interconnection (PJM).
April 18, 2007
American Electric Power (NYSE: AEP) will provide a live webcast of its annual meeting of shareholders April 24 beginning at 10:30 a.m. EDT (9:30 a.m. CDT). The meeting will be held in Shreveport, La.
April 3, 2007
American Electric Power today issued two requests for proposals seeking long-term wind energy purchase agreements, the first steps toward a goal of adding 1,000 megawatts of new wind energy by 2011 as part of AEP’s comprehensive strategy to address greenhouse gas emissions.
March 28, 2007
American Electric Power has been named one of the top 30 companies for women executives by the National Association for Female Executives (NAFE), which is affiliated with Working Mother Media.
March 15, 2007
American Electric Power (NYSE:AEP) will install carbon capture on two coal-fired power plants, the first commercial use of technologies to significantly reduce carbon dioxide emissions from existing plants.
March 13, 2007
American Electric Power (NYSE: AEP) was recognized today as a top customer service provider to the nation’s retail chains and other multi-site businesses during 2006.
March 9, 2007
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of a presentation by Michael G. Morris, AEP’s chairman, president and chief executive officer, at the Morgan Stanley Global Electricity & Energy Conference in New York March 15.
March 8, 2007
A Texas state district court judge has reversed a preliminary ruling made Feb. 1 regarding the determination of stranded costs for American Electric Power’s (NYSE: AEP) Texas Central Company (TCC) unit and has cancelled a March 22 hearing for re-argument. TCC and entities representing various customer groups had appealed portions of the April 4, 2006, order from the Public Utility Commission of Texas (PUCT) to the district court. The April 2006 order authorized TCC to recover $1.804 billion in stranded costs and regulatory assets.
February 27, 2007
Electric Transmission Texas LLC (ETT), a proposed joint venture between subsidiaries of American Electric Power (NYSE: AEP) and MidAmerican Energy Holdings Company, today filed a transmission proposal with the Public Utility Commission of Texas (PUCT) for the construction of approximately 1,000 miles of transmission lines to support development of the Competitive Renewable Energy Zones (CREZ) in Texas.
February 20, 2007
American Electric Power is one of more than 85 international companies and organizations who signed a statement released today that proposes a post-Kyoto framework for addressing global climate change. “The Path to Climate Change Sustainability: A Joint Statement by the Global Roundtable on Climate Change” puts forth principles for creating an effective global approach to climate policy.
February 19, 2007
American Electric Power, Mayor Michael B. Coleman and the Columbus Downtown Development Corporation announced $20 million in commitments to begin transforming downtown’s Scioto riverfront into a beautiful, modern park - the Scioto Mile.
February 14, 2007
American Electric Power (NYSE: AEP) subsidiary Texas Central Co. (TCC) completed the sale of its 7.8 percent share of Oklaunion Power Station to the City of Brownsville, Texas (Public Utilities Board Brownsville), for $42.75 million plus adjustments. Brownsville is a co-owner of Oklaunion Power Station.
February 8, 2007
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of a presentation by Michael G. Morris, AEP’s chairman, president and chief executive officer, at the Wall Street Analyst Forum in New York Feb. 14.
February 5, 2007
A Texas state district court judge has granted a rehearing of a preliminary ruling he made regarding the determination of stranded costs for American Electric Power’s (NYSE: AEP) Texas Central Company (TCC) unit in an April 4, 2006, order from the Public Utility Commission of Texas (PUCT).
February 2, 2007
American Electric Power Service Corp., a subsidiary of American Electric Power (NYSE: AEP) is seeking proposals for full requirements energy and capacity on behalf of the company’s Columbus Southern Power (CSP) unit to serve the electricity demands of approximately 29,000 customers that CSP acquired from Monongahela Power Dec. 31, 2005.
February 1, 2007
American Electric Power as scheduled a live audio webcast of a presentation by Holly Koeppel, AEP’s executive vice president and chief financial officer, at the Credit Suisse Energy Summit in Vail, Colo., Feb. 6.
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
January 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 24, 2007
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EST Tuesday, Jan. 30. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
January 23, 2007
Companies file for regulatory approval and rate recovery in Texas, name executive director and sign participation agreement
January 18, 2007
American Electric Power (NYSE: AEP) has earned worldwide recognition for its corporate intranet, AEP Now.
January 10, 2007
AEP was recognized by the Edison Electric Institute (EEI) today for helping other utilities restore electric service to their customers during 19 separate emergency events in 2006.
January 8, 2007
An explosion this morning at American Electric Power’s Muskingum River power plant killed an employee of a supplier delivering hydrogen to the plant.
January 2, 2007
American Electric Power announced today that its AEP Generating Co. subsidiary has agreed to purchase the Lawrenceburg Generating Station from an affiliate of Public Service Enterprise Group for approximately $325 million.
December 7, 2006
Ohio Power Company, a unit of American Electric Power (NYSE: AEP), has reached a settlement of a lawsuit filed by Citizens Against Pollution, a group consisting primarily of individuals living near AEP’s James M. Gavin power plant in southern Ohio, regarding reporting of sulfuric acid emissions from the plant.
December 6, 2006
American Electric Power operating subsidiaries Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) are seeking proposals for capacity and associated energy that will allow SWEPCO and PSO to satisfy planning reserve requirements of the Southwest Power Pool (SPP) for the summer 2007 peaking load and for up to one year after June 1, 2007.
December 5, 2006
American Electric Power will mark the 100th anniversary of its incorporation when Michael G. Morris, AEP’s chairman, president and chief executive officer, rings The Closing Bell at the New York Stock Exchange this afternoon.
December 4, 2006
AEP has signed a multi-year wholesale power supply agreement with the City of Columbus, Ohio.
December 1, 2006
American Electric Power (NYSE: AEP) has completed its sale of the Plaquemine Cogeneration Facility in Plaquemine, La., to The Dow Chemical Company (NYSE: DOW).
November 29, 2006
American Electric Power announced today that its Columbus Southern Power utility subsidiary has agreed to purchase the Darby Electric Generating Station from DPL Energy, LLC, a subsidiary of DPL Inc., for approximately $102 million.
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.
November 21, 2006
Public Service Company of Oklahoma (PSO), a unit of American Electric Power, has filed a rate proposal with the Oklahoma Corporation Commission (OCC) to facilitate significant new investments in Oklahoma’s future that will support the growing economic and energy needs of the state and PSO customers.
November 9, 2006
American Electric Power (NYSE: AEP) subsidiaries Texas Central Co. (TCC) and Texas North Co. (TNC), which make up its AEP Texas operating unit, today filed requests with the Public Utility Commission of Texas (PUCT) to increase the transmission and distribution rates charged to retail electric providers (REPs).
November 9, 2006
G.I. Jobs magazine is recognizing American Electric Power as one of the nation’s most “military-friendly” employers for the fourth consecutive year.
November 6, 2006
American Electric Power (NYSE: AEP) has signed a memorandum of understanding (MOU) with ITC Transmission, a subsidiary of ITC Holdings Corp. (ITC), to perform a technical study to evaluate the feasibility of extending AEP’s 765-kilovolt (kV) transmission infrastructure through Michigan to enhance reliability and support a competitive market of generation supply.
November 6, 2006
American Electric Power has signed a memorandum of understanding with MidAmerican Energy Holdings Co. to form a joint venture company to build and own new electric transmission assets within the Electric Reliability Council of Texas (ERCOT).
November 1, 2006
American Electric Power has scheduled a live audio webcast of a presentation by Michael G. Morris, AEP’s chairman, president and chief executive officer, Nov. 7 at the 41st annual Edison Electric Institute Financial Conference in Las Vegas.
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 30, 2006
Michael Heyeck has been promoted to senior vice president-Transmission for American Electric Power, the company announced today.
October 26, 2006
Executives and engineers representing the electric power industry in Australia, China, India, Japan and South Korea (formally known as the Republic of Korea) will meet with counterparts from the United States in Columbus Monday to begin a week of information sharing and power generation site visits, part of ongoing efforts to address climate change and encourage clean development through the Asia-Pacific Partnership on Clean Development and Climate (APP).
October 25, 2006
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EST Tuesday, Oct. 31. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
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 20, 2006
Columbus Southern Power Company (CSP) and Ohio Power Company (OP), collectively AEP Ohio, operating companies of American Electric Power (NYSE: AEP), have agreed to supply electrical service to Ormet Primary Aluminum Corp.’s (Ormet) Hannibal, Ohio, facilities, as part of an agreement signed by AEP Ohio, Ormet and several other parties. The agreement requires approval by the Public Utilities Commission of Ohio (PUCO).
October 16, 2006
AEP Texas Central Co., a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), announced that on Nov. 13, 2006, it will redeem the entire outstanding $275 million principal amount of its 5.50% Senior Notes, Series D, due Feb. 15, 2013.
October 10, 2006
American Electric Power (NYSE: AEP) will form a joint venture company to fund and own new electric transmission assets in Texas, the company announced today.
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.
October 5, 2006
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of management presentations at the company’s Analyst and Investor Meeting Oct. 10 in New York.
October 2, 2006
American Electric Power, in an effort to continue moving its generation plans forward, today filed state environmental permit applications for clean-coal power plants in Ohio and West Virginia.
September 18, 2006
American Electric Power’s [AEP:NYSE] Cook Nuclear Plant Unit 1 set a unit fuel cycle record for net generation as the reactor was safely shut down on Saturday to begin a refueling outage. In addition to refueling the reactor and regular outage maintenance and testing work, this outage includes replacing the reactor vessel head, the three low pressure turbine rotors and other major component and system improvements with total project costs of more than $100 million.
September 18, 2006
An innovative High Temperature Superconducting (HTS) power cable system was launched today at American Electric Power’s (NYSE: AEP) Bixby Station outside of Columbus, Ohio. The launch begins a two-year test of a new HTS cable design that holds promise for lowering the costs of HTS cable and helping address concerns about growing electricity demands in an increasing number of cities.
September 18, 2006
American Electric Power (NYSE: AEP) was named to the “Climate Leadership Index” in a report released today by the Carbon Disclosure Project (CDP), a coalition of global investors with more than $31.5 trillion in assets. The CDP report is a survey of the responses of FT500 corporations to the issue of climate change.
September 1, 2006
COLUMBUS, Ohio, Sept. 1, 2006 – American Electric Power (NYSE: AEP) has reached an agreement to sell its Plaquemine Cogeneration Facility in Plaquemine, La., to The Dow Chemical Company (NYSE: DOW).
August 31, 2006
American Electric Power has scheduled a live webcast of remarks by Michael G. Morris, AEP’s chairman, president and chief executive officer, at the Lehman Brothers CEO Energy/Power Conference in New York.
August 22, 2006
American Electric Power and its operating unit Indiana Michigan Power (I&M) have entered into a 20-year agreement with Wabash Valley Power Association (Wabash) to provide wholesale power to serve Wabash’s member cooperatives. The agreement, upon approval by the Federal Energy Regulatory Commission (FERC), will take effect Jan. 1, 2007.
August 16, 2006
American Electric Power today announced a series of executive reassignments as part of the company´s succession planning strategy. All reassignments are effective Sept. 1.
August 9, 2006
American Electric Power’s Southwestern Electric Power Company (SWEPCO) today announced the proposed site selection for a new baseload power plant designed to meet the long-term generation demands of the company’s customers. The new coal-fueled plant should be operational by the summer of 2011 at a 2,800-acre location north of Fulton, Ark. in Hempstead County, about 15 miles northeast of Texarkana, Ark.
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.
July 21, 2006
American Electric Power has scheduled its quarterly earnings conference call with financial analysts for 10 a.m. EDT Thursday, July 27. The call will be broadcast live over the Internet.
July 18, 2006
American Electric Power’s (NYSE: AEP) Public Service Company of Oklahoma (PSO) subsidiary today announced plans to enter into a joint venture agreement with Oklahoma Gas and Electric Company (OG&E) to build a new 950 megawatt coal-fueled electricity generating unit at the site of OG&E’s existing Sooner plant near Red Rock, in north central Oklahoma.
July 13, 2006
The American Electric Power Foundation today announced a $2 million donation to fund reforestation and conservation of approximately 22,500 acres of forestland in Guatemala. The donation is part of the AEP Foundation’s support of the Central America and Mexico Hurricane Relief Fund, a public-private partnership to encourage financial donations for reconstruction in Central America and Southern Mexico following the devastation of the 2005 hurricane season. The AEP Foundation is funded by American Electric Power (NYSE: AEP) and AEP’s utility units.
July 5, 2006
Columbus Southern Power and Ohio Power, subsidiaries of American Electric Power (NYSE: AEP), collectively AEP Ohio, are considering their options in response to today’s Ohio Supreme Court decision regarding one aspect, related to the competitive bid option issue, of AEP Ohio’s rate stabilization plan.
June 29, 2006
The new AEP SkyBand, which encircles the top of the 31-story American Electric Power headquarters building at 1 Riverside Plaza, will be unveiled July 3 during Red, White & BOOM! immediately before the fireworks.
June 26, 2006
American Electric Power (NYSE: AEP) and its operating unit Indiana Michigan Power (I&M) have signed ten, multi-year wholesale power supply agreements with municipal utilities in Indiana and Michigan with a combined peak load of more than 320 megawatts (MW).
June 15, 2006
American Electric Power has signed a multi-year wholesale power supply agreement with the city of College Station, Texas.
May 31, 2006
American Electric Power’s (NYSE: AEP) Southwestern Electric Power Company (SWEPCO) today announced plans for short-term, mid-term and long-term generation to meet the electricity demands of the company’s customers.
May 30, 2006
American Electric Power is featured in the June edition of Working Mother magazine as one of the 12 “best companies for women of color.” The national publication targets mothers with careers.
May 22, 2006
AEP Texas Central Company (TCC), a Texas electric transmission and distribution unit of American Electric Power (NYSE: AEP), today filed a unanimous settlement agreement with the Public Utility Commission of Texas in its securitization financing order proceedings. As part of the settlement, all parties agreed not to appeal the securitization financing order when issued by the PUCT
May 22, 2006
American Electric Power (NYSE: AEP) and its Appalachian Power operating unit have signed five multi-year wholesale power supply agreements with municipal and cooperative utilities in Virginia and West Virginia with a combined peak load of approximately 230 megawatts (MW).
May 8, 2006
Live webcasts are scheduled of two panel discussions featuring Susan Tomasky, executive vice president and chief financial officer of American Electric Power, Thursday at the Goldman Sachs Power and Utility Conference in Las Vegas.
May 8, 2006
American Electric Power dedicated its $306 million Wyoming-Jacksons Ferry 765-kilovolt (kV) transmission project, the largest electric transmission infrastructure project currently underway in the United States, today at a ceremony attended by federal and state officials and other dignitaries.
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 25, 2006
American Electric Power (NYSE: AEP) entered 2006 well-positioned to begin its next century as a successful investor-owned utility, Michael G. Morris, AEP chairman, president and chief executive officer, told shareholders attending the company’s annual meeting today in Charleston, W.Va.
April 25, 2006
Appalachian Power and Wheeling Power, together with the Public Service Commission of West Virginia (PSCWV) staff, the PSCWV Consumer Advocate Division and other intervening parties, filed a settlement agreement yesterday in the companies’ rate case seeking the commission’s approval.
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.
April 10, 2006
American Electric Power, through a recently signed agreement with the Consortium for Electric Reliability Technology Solutions (CERTS) at Lawrence Berkeley National Laboratory, will research, test and evaluate distributed energy resources and the integration of these resources into the nation’s electricity grid.
April 10, 2006
COLUMBUS, Ohio, April 10, 2006 -- An order issued today by the Public Utilities Commission of Ohio (PUCO) represents an important step toward construction of a clean-coal power generation plant in Ohio, according to American Electric Power (NYSE: AEP).
March 21, 2006
American Electric Power (NYSE: AEP) received the top score for the electric utility industry in a Ceres investor coalition report released today that ranks 100 global companies on their climate change strategies.
March 16, 2006
American Electric Power will build an 83,500-square-foot operations center in Central Ohio to house its transmission operations staff.
March 10, 2006
American Electric Power has scheduled a live webcast of a presentation by Susan Tomasky, executive vice president and chief financial officer, March 16 at the Morgan Stanley Global Electricity & Energy Conference in New York.
March 7, 2006
The focus turns to the investigation into the cause of a construction-site fire at American Electric Power’s (NYSE:AEP) Kammer-Mitchell Power Plant after the body of a missing Pullman Power LLC employee was located Monday evening.
March 6, 2006
Public Service Company of Oklahoma (PSO), a unit of American Electric Power, has approved a proposal to add 170 megawatts (MW) of generating capacity to the company’s Riverside Station (RVS), located in Jenks, Okla.
March 3, 2006
COLUMBUS, Ohio, March 3, 2006 – AEP Texas Central Company (TCC), a Texas electric transmission and distribution unit of American Electric Power (NYSE: AEP), today filed with the Public Utility Commission of Texas for approval of a financing order to issue $1.804 billion in low-cost securitization bonds to fund the stranded costs and regulatory assets balance authorized by the commission.
February 24, 2006
COLUMBUS, Ohio, Feb. 24, 2006 – Live webcasts have been scheduled of three panel discussions featuring Susan Tomasky, executive vice president and chief financial officer for American Electric Power (NYSE: AEP), March 2 at the inaugural Citigroup Power, Gas and Utilities Conference in Miami.
February 24, 2006
A live webcast has been scheduled of a panel presentation featuring Craig Baker, senior vice president – regulatory services for American Electric Power, Feb. 27 at the Merrill Lynch “New Areas of Utilities Investment” Transmission & Power Equipment Conference in New York.
February 15, 2006
American Electric Power has completed the sale of its 50 percent interest in the Bajio power plant in Mexico to InterGen for $29 million.
February 10, 2006
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. 16.
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 31, 2006
American Electric Power today filed with the Federal Energy Regulatory Commission (FERC) and the PJM Interconnection (PJM) to build a new 765-kilovolt (kV) transmission line stretching from West Virginia to New Jersey. The proposed transmission superhighway will span approximately 550 miles and is designed to reduce PJM congestion costs by substantially improving west-east transfer capability by approximately 5,000 megawatts (MW) and reducing transmission line losses by approximately 280 MW. It also will enhance reliability in the eastern transmission grid.
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.
January 25, 2006
COLUMBUS, Ohio, Jan. 25, 2006 – Ralph D. Crosby Jr., chairman and chief executive officer of EADS North America, has been elected to American Electric Power´s (NYSE: AEP) board of directors, according to Michael G. Morris, AEP´s chairman, president and chief executive officer.
January 25, 2006
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 37 cents a share on the company´s common stock.
January 11, 2006
American Electric Power and its Indiana Michigan Power utility subsidiary were honored today by the Edison Electric Institute (EEI) for their assistance and response relating to weather-related disasters in 2005. EEI is the association of shareholder-owned electric utility companies.
January 10, 2006
Michael G. Morris, chairman, president and chief executive officer of American Electric Power, is representing AEP and electric utilities operating in the United States at the first Asia-Pacific Partnership on Clean Development and Climate ministerial meeting in Sydney, Australia today and Wednesday.
January 4, 2006
American Electric Power made a $320 million cash contribution Dec. 29 to fully fund its pension liabilities. The company announced plans in early 2005 to fully fund its pension program by the end of the year.
January 3, 2006
American Electric Power, through its Columbus Southern Power (CSP) utility subsidiary, completed the purchase of Monongahela Power Company’s Ohio operations Dec. 31. Monongahela Power is a subsidiary of Allegheny Energy (NYSE: AYE).
December 21, 2005
Kentucky Power, an operating unit of American Electric Power, has renewed wholesale power supply agreements with municipal utilities serving the towns of Vanceburg and Olive Hill, Kentucky. Pending approval by the Federal Energy Regulatory Commission (FERC), the 20-year agreements will take effect in January.
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.
December 15, 2005
American Electric Power, through its Appalachian Power utility subsidiary, today completed its purchase of the 505-megawatt Ceredo Generating Station in West Virginia from a subsidiary of Reliant Energy for approximately $100 million.
December 8, 2005
American Electric Power has signed 18 multi-year wholesale power supply agreements with municipal utilities in Ohio and Texas. In Ohio, AEP extended wholesale supply agreements with members of the Ohio Municipal Energy Group (OMEG), which includes 16 municipal utilities. In Texas, AEP signed contracts to provide wholesale power to the Cities of Weatherford and Seymour.
December 2, 2005
American Electric Power submitted data about the emissions performance of its generating units during the 2005 ozone season to the U.S. Environmental Protection Agency (EPA) Nov. 29 indicating that its nitrogen oxides (NOX)-reducing selective catalytic reduction (SCR) equipment is performing better than designed to help improve air quality during the ozone season. AEP submits NOX emission data to the EPA as a participant in the EPA’s NOX Budget Trading Program.
November 8, 2005
American Electric Power and customer representatives in the AEP zone of PJM Interconnection have reached agreement on a schedule of transmission and ancillary-service rate changes that would update prices to reflect costs of providing service on AEP´s eastern transmission network.
November 8, 2005
COLUMBUS, Ohio, Nov. 8, 2005 – G.I. Jobs magazine is recognizing American Electric Power as one of the “top 25 most military-friendly employers” for the third consecutive year.
November 3, 2005
American Electric Power and its operating company Southwestern Electric Power Company (SWEPCO) have signed a twenty-five year wholesale power supply agreement with the Hope Water and Light Commission of Hope, Ark. According to the terms of the contract, SWEPCO will continue to supply power to meet Hope´s electrical load when the current contract between them expires at the end of 2007.
November 1, 2005
American Electric Power (NYSE: AEP) has scheduled a live webcast of a Nov. 8 presentation by AEP executives at the 40th annual Edison Electric Institute Financial Conference in Hollywood, Fla.
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
Linda A. Goodspeed, executive vice president and chief technology officer for Lennox International Inc., has been elected to American Electric Power´s board of directors, according to Michael G. Morris, AEP´s chairman, president and chief executive officer.
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.
October 20, 2005
American Electric Power has scheduled its quarterly earnings conference call with financial analysts for 10 a.m. EDT Thursday, Oct. 27. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts .
October 17, 2005
American Electric Power unit Public Service Company of Oklahoma (PSO) has announced it is seeking proposals for new baseload generation to supplement existing power supply resources to effectively meet customers´ power demand requirements. A Request for Proposal (RFP) to add baseload generation has been issued and information about it posted on PSOklahoma.com.
October 13, 2005
Today, representatives from American Electric Power and General Motors (GM) dedicated a new visitors’ center for environmental education on the Cachoeira River Natural Reserve, located in the state of Parana in Brazil.
October 7, 2005
Indiana Michigan Power (I&M), an operating company of American Electric Power, has entered into a 20-year agreement with the Indiana Municipal Power Agency (IMPA) to provide 150 megawatts (MW) of wholesale power to the agency to serve its member municipalities of Anderson, Columbia City, Frankton and Richmond, Ind. The agreement, upon approval by the Federal Energy Regulatory Commission (FERC), will take effect Jan. 1, 2006.
October 3, 2005
American Electric Power (NYSE: AEP) has notified PJM Interconnection (PJM) of its intention to formally retire Units 1 and 2 at the Conesville power plant in Conesville, Ohio, at the end of 2005.
September 29, 2005
American Electric Power has signed an agreement with GE Energy and Bechtel Corporation to begin the front-end engineering design process for a commercial-scale, Integrated Gasification Combined Cycle (IGCC) clean-coal plant in the 600-megawatt range. This will be the first such engineering and design agreement undertaken for an IGCC plant of this scale.
September 28, 2005
American Electric Power, through its Columbus Southern Power utility subsidiary, has completed the purchase of the Waterford Energy Center from an affiliate of Public Service Enterprise Group for approximately $220 million. The acquisition will have no material impact on AEP’s earnings.
September 21, 2005
A live webcast is scheduled of a panel discussion featuring Michael G. Morris, American Electric Power’s chairman, president and chief executive officer, at next week’s Merrill Lynch Global Power and Gas Leaders Conference in New York.
September 19, 2005
COLUMBUS, Ohio, Sept. 19, 2005 – American Electric Power (NYSE: AEP) and two corporate partners finalized an agreement today to install the first megawatt-class advanced energy storage technology to be used on a U.S. distribution system.
September 14, 2005
COLUMBUS, Ohio, Sept. 14, 2005 – Debt ratings for American Electric Power (NYSE: AEP) have been upgraded by Moody’s Investors Service.
September 2, 2005
American Electric Power (NYSE: AEP) continues to supply employees, contractors and equipment to assist in the recovery effort from damages caused by Hurricane Katrina.
September 2, 2005
American Electric Power (NYSE: AEP) has scheduled a live webcast of a presentation by Susan Tomasky, AEP’s executive vice president and chief financial officer, Sept. 8 at the Lehman Brothers CEO Energy/Power Conference in New York.
August 30, 2005
BRIDGMAN, Mich., Aug. 30, 2005 – The U.S. Nuclear Regulatory Commission (NRC) today approved the renewal of operating licenses for the two generating units at American Electric Power’s (NYSE:AEP) Cook Nuclear Plant in Bridgman, Mich. The operating license for Cook Unit 1 was renewed until 2034 and for Cook Unit 2 until 2037.
August 26, 2005
CHARLESTON, W.Va., Aug. 26, 2005 – Appalachian Power and Wheeling Power, both subsidiaries of American Electric Power, today jointly filed with the Public Service Commission of West Virginia for a $183 million revenue increase. The overall 23 percent increase will affect all the company’s customers in West Virginia.
August 22, 2005
COLUMBUS, Ohio, Aug. 22, 2005 – American Electric Power (NYSE: AEP) has signed a three-year wholesale power supply agreement with the City of Lebanon, Ohio.
August 11, 2005
COLUMBUS, Ohio, Aug. 11, 2005 – American Electric Power (NYSE: AEP) announced today that its Appalachian Power utility subsidiary has agreed to purchase the Ceredo Generating Station from a subsidiary of Reliant Energy for approximately $100 million.
August 10, 2005
COLUMBUS, Ohio, Aug. 10, 2005 -- American Electric Power (NYSE: AEP) today announced the company will expand and extend its commitment to voluntarily reduce, avoid or sequester its greenhouse gas emissions through 2010 and will continue its membership in the Chicago Climate Exchange (CCX), the first voluntary, legally binding greenhouse gas emissions reduction and trading program in North America.
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.
August 3, 2005
COLUMBUS, Ohio, Aug. 2, 2005 -- American Electric Power (NYSE: AEP), through its Columbus Southern Power (CSP) utility subsidiary, has signed an agreement to purchase Monongahela Power Company’s Ohio transmission and distribution operations for approximately $55 million, plus traditional working capital adjustments.
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 .
July 22, 2005
COLUMBUS, Ohio, July 22, 2005 – Dennis E. Welch will join American Electric Power (NYSE: AEP) Aug. 1 as senior vice president - environment and safety.
June 24, 2005
BRIDGMAN, Mich., June 24, 2005 – Former President Jimmy Carter affirmed his optimism for the future of nuclear energy while highlighting the important role it has played in the United States during a visit to American Electric Power´s (NYSE: AEP) Cook Nuclear Plant this morning.
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 17, 2005
COLUMBUS, Ohio, June 17, 2005 -- American Electric Power (NYSE: AEP) today announced five additional locations where it will invest in advanced equipment to continue to improve the environmental performance of its coal-fired power plants. These projects are part of the company’s previously announced plan to invest at least $3.7 billion in environmental retrofits through 2010.
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 27, 2005
COLUMBUS, Ohio, May 27, 2005 – American Electric Power (NYSE: AEP) subsidiary AEP Texas Central Co. (TCC) today submitted the company’s true-up filing to the Public Utility Commission of Texas (PUCT) for a final determination of stranded costs and other true-up amounts as required by the Texas Electric Choice Act of 1999.
May 27, 2005
COLUMBUS, Ohio, May 27, 2005 – Live webcasts are scheduled of two panel discussions and a technical session featuring executives from American Electric Power (NYSE: AEP) at the Goldman Sachs Power & Utility Conference June 2 in Las Vegas.
May 27, 2005
COLUMBUS, Ohio, May 27, 2005 – American Electric Power (NYSE: AEP), through its Columbus Southern Power utility subsidiary, has agreed to purchase the Waterford Energy Center from an affiliate of Public Service Enterprise Group (NYSE: PEG) for $220 million.
May 19, 2005
American Electric Power (NYSE: AEP) subsidiary AEP Texas Central Company (TCC) completed the sale of its 25.2 percent share of the South Texas Project (STP) nuclear plant to STP co-owners Texas Genco LLC and CPS Energy (formerly City Public Service of San Antonio) for approximately $314 million. AEP will use the proceeds from the sale to reduce capitalization at AEP Texas Central Company.
May 6, 2005
ESSENCE recognizes American Electric Power in its May edition as one of 35 “great places to work” for women and people of color.
May 4, 2005
COLUMBUS, Ohio, May 4, 2005 – American Electric Power (NYSE: AEP) is being recognized by the U.S. Environmental Protection Agency (EPA) this evening with a 2005 Climate Protection Award for demonstrating ingenuity, leadership and public purpose in its efforts to reduce greenhouse gases.
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 26, 2005
TULSA, Okla., April 26, 2005 – American Electric Power (NYSE: AEP) became a stronger, more focused company in 2004 and has turned its attention to investments in the company’s future, Michael G. Morris, AEP chairman, president and chief executive officer, told shareholders attending the company’s annual meeting today in Tulsa, Okla.
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.
April 20, 2005
American Electric Power will provide a live webcast of its annual meeting of shareholders April 26 beginning at 10:30 a.m. EDT. The meeting will be held in Tulsa, Okla.
March 23, 2005
COLUMBUS, Ohio, March 23, 2005 - The training programs that American Electric Power (NYSE: AEP) requires of its line employees have been offered to outside organizations for several years. Now, the external outreach is ramping up with the launch of a Web site, www.AEPLineTraining.com.
March 18, 2005
Columbus Southern Power Company and Ohio Power Company, subsidiaries of American Electric Power (NYSE: AEP) doing business as AEP Ohio, filed an application today with the Public Utilities Commission of Ohio seeking authority to recover costs related to building and operating a new clean-coal technology power plant.
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 25, 2005
American Electric Power (NYSE: AEP) has scheduled a live webcast of a management presentation at its annual Analyst and Investor Meeting in New York March 2.
February 23, 2005
BRIDGMAN, Mich., Feb. 23, 2005 - American Electric Power (NYSE: AEP) plans to replace the three low-pressure turbine rotors on Cook Nuclear Plant Unit 1 during the fall 2006 refueling outage. The aerodynamic design of the new rotors is expected to increase the electrical output by an estimated 41 megawatts (MW) as well as prevent blade cracking, which has been a problem at some facilities. Total project cost to replace the rotors is approximately $45 million.
February 16, 2005
COLUMBUS, Ohio, Feb. 16, 2005 - The board of directors for American Electric Power (NYSE: AEP) has adopted a policy directing the company to seek shareholder approval of any future severance agreements with senior executives that provide specified benefits in an amount exceeding 2.99 times the sum of the executive´s then-current annual base salary plus annual target bonus.
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.
February 10, 2005
COLUMBUS, Ohio, Feb 10, 2005 - American Electric Power (NYSE:AEP) has asked PJM Interconnection, an independent electric transmission provider, to evaluate transmission interconnection feasibility for three potential sites being considered by AEP for a commercial-scale Integrated Gasification Combined Cycle (IGCC) clean-coal power plant, the first of its size in the country.
January 27, 2005
COLUMBUS, Ohio, Jan. 27, 2005 - American Electric Power (NYSE: AEP) is encouraged by the Public Utilities Commission of Ohio (PUCO) approval of the company’s rate stabilization plan for its Ohio Power and Columbus Southern Power operating companies.
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.
January 26, 2005
COLUMBUS, Ohio, Jan. 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.
January 26, 2005
American Electric Power (NYSE: AEP) has reached settlement agreements with the Commodity Futures Trading Commission (CFTC), the U.S. Department of Justice and the Federal Energy Regulatory Commission (FERC) regarding investigations of gas price reporting and gas storage activities.
January 20, 2005
COLUMBUS, Ohio, Jan. 20, 2005 - American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 11 a.m. EST Thursday, Jan. 27, at http://www.aep.com/go/webcasts.
December 15, 2004
American Electric Power (NYSE: AEP) and Peabody Energy Corp. (NYSE: BTU) have agreed to settle outstanding litigation related to disputes about terms of existing coal supply agreements.
December 7, 2004
COLUMBUS, Ohio, Dec. 7, 2004 - American Electric Power (NYSE: AEP) has signed a three-year wholesale power supply agreement with Rayburn Country Electric Cooperative Inc. (Rayburn Electric).
November 30, 2004
AUSTIN, Texas, Nov. 30, 2004 - AEP Texas, a unit of American Electric Power (NYSE: AEP), will file exceptions strongly objecting to revised recommendations issued by administrative law judges (ALJs) in its Texas Central Company (TCC) rate case. TCC is seeking a $41 million increase in rates to cover the costs associated with meeting the increasing energy delivery demands of south Texas’ growing economy. The revised ALJs´ recommendations call for a $51 million decrease.
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.
November 8, 2004
COLUMBUS, Ohio, Nov. 8, 2004 - American Electric Power (NYSE: AEP) announced new appointments within its fuel, emissions and logistics organization.
November 8, 2004
COLUMBUS, Ohio, Nov. 8, 2004 - Two shareholder derivative cases against American Electric Power (NYSE: AEP) and individual members of AEP´s board of directors were dismissed Nov. 5.
November 5, 2004
American Electric Power (NYSE: AEP) today closed its acquisition of the Bammel storage reservoir and related pipeline and compressor assets from Enron Corp. for $115 million.
November 2, 2004
COLUMBUS, Ohio, Nov. 1, 2004 - American Electric Power (NYSE: AEP) today issued a Request for Proposals (RFP) for renewable energy to help fulfill energy-supply requirements for its retail customers in Arkansas, Louisiana, Oklahoma and Texas.
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.
October 15, 2004
COLUMBUS, Ohio, Oct.15, 2004 - American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9 a.m. EDT Thursday, Oct. 21.
October 1, 2004
COLUMBUS, Ohio, Oct. 1, 2004 - American Electric Power (NYSE: AEP) has signed wholesale power supply agreements with nine electric cooperatives and municipal utilities in Virginia and Texas. The nine separate agreements total 637 megawatts of load for AEP.
October 1, 2004
COLUMBUS, Ohio, Oct. 1, 2004 - American Electric Power (NYSE: AEP) today completed the sale of Jefferson Island Storage and Hub LLC for $90.3 million to a subsidiary of AGL Resources Inc. The sale was announced Aug. 9.
October 1, 2004
COLUMBUS, Ohio, Oct. 1, 2004 - PJM Interconnection, a regional transmission organization (RTO) based in Valley Forge, Pa., assumed functional control of American Electric Power’s (NYSE: AEP) eastern transmission grid of nearly 22,300 transmission miles at midnight. AEP will continue to own its transmission system.
September 30, 2004
American Electric Power (NYSE: AEP) and four other electricity generators have filed motions to dismiss carbon dioxide lawsuits announced July 21 by a group of state attorneys general and others.
September 29, 2004
COLUMBUS, Ohio, Sept. 29, 2004 - American Electric Power (NYSE: AEP) and PJM Interconnection, a regional transmission organization (RTO) based in Valley Forge, Pa., are finalizing preparations for PJM to assume functional control of AEP’s eastern transmission grid of nearly 22,300 transmission miles. The change will occur at midnight on the evening of Thursday, Sept. 30.
September 28, 2004
COLUMBUS, Ohio, Sept. 28, 2004 - American Electric Power (NYSE: AEP) closed today on the sale of its 50 percent interest in South Coast Power Limited, owner of the Shoreham Power Station (also known as the Brighton Power Station) in the United Kingdom, to co-owner Scottish Power Generation Limited for UK£26 million (U.S. $47 million). Scottish Power Generation also assumes UK£90 million (U.S. $163 million) in project-level debt held by South Coast Power Limited and not previously consolidated on the books of AEP or Scottish Power.
September 23, 2004
COLUMBUS, Ohio, Sept. 23, 2004 - American Electric Power (NYSE: AEP) has scheduled live webcasts of two presentations to investors by panels of utility executives at the Merrill Lynch Global Power & Gas Leaders Conference in New York Sept. 28-29. Michael G. Morris, AEP’s chairman, president and chief executive officer, will participate in a presentation scheduled to begin at 7:45 a.m. EDT Sept. 28. Charles E. Zebula, AEP’s senior vice president - fuel, emissions and logistics, will take part in a presentation scheduled to start at 1 p.m. EDT Sept. 29.
September 21, 2004
COLUMBUS, Ohio, Sept. 21, 2004 - American Electric Power (NYSE: AEP) has been selected as one of the “100 Best Companies for Working Mothers” by Working Mother magazine, a national publication that targets career-committed mothers.
September 17, 2004
OMPA uses first refusal right, will split TCC share with Brownsville Public Utilities Board
September 10, 2004
In a ruling issued today Judge Algenon L. Marbley of the U.S. District Court for the Southern District of Ohio dismissed all claims brought against American Electric Power (NYSE: AEP) and individual defendants in 11 cases that were consolidated in the case of The Albert Fadem Trust v. American Electric Power.
September 7, 2004
COLUMBUS, Ohio, Sept. 7, 2004 - American Electric Power (NYSE: AEP) subsidiary AEP Texas Central Company (formerly known as Central Power and Light) has signed an agreement to sell its 25.2 percent share of the South Texas Project (STP) nuclear plant to STP co-owners Texas Genco Holdings, Inc. (NYSE: TGN) and City Public Service Board of San Antonio (CPS) after the co-owners exercised their rights of first refusal for the AEP Texas Central Company (TCC) share of STP.
September 3, 2004
COLUMBUS, Ohio, Sept. 3, 2004 - American Electric Power (NYSE: AEP) has scheduled a live webcast of the Sept. 8 presentation by Susan Tomasky, AEP’s executive vice president - policy, finance and strategic planning and chief financial officer, at the Lehman Brothers CEO Energy/Power Conference in New York. Tomasky’s presentation to an audience of investors is scheduled to begin at 10:25 a.m. EDT.
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.
August 31, 2004
COLUMBUS, Ohio, Aug. 30, 2004 - The Virginia State Corporation Commission (SCC) today approved American Electric Power’s (NYSE: AEP) application to transfer functional control of its transmission assets in Virginia to the PJM Interconnection regional transmission organization.
August 31, 2004
COLUMBUS, Ohio, Aug. 31, 2004 - American Electric Power (NYSE: AEP) today released the report of an independent subcommittee of AEP’s Board of Directors affirming that AEP is well-positioned to effectively manage future proposed emission constraints because of prudent actions the company has taken. A three-member, ad hoc subcommittee completed the assessment and report as part of a previously announced agreement with The Connecticut Retirement Plans and Trust Funds and other shareholders in response to a shareholder proposal filed for consideration at AEP’s 2004 Annual Meeting.
August 24, 2004
COLUMBUS, Ohio, Aug. 24, 2004 - Michael Heyeck has been named vice president - asset management for American Electric Power’s (NYSE: AEP) Transmission organization, the company announced today.
August 10, 2004
COLUMBUS, Ohio, Aug. 10, 2004 - American Electric Power (NYSE: AEP) late Monday provided documentation to the Federal Energy Regulatory Commission (FERC) that supports the company’s authority to continue to sell wholesale power at market-based rates.
August 9, 2004
COLUMBUS, Ohio, Aug. 9, 2004 - American Electric Power (NYSE: AEP) today announced that it has signed a definitive agreement to sell Jefferson Island Storage and Hub LLC for $94.3 million to AGL Resources Inc.
July 30, 2004
Lionel L. Nowell III, senior vice president and treasurer of PepsiCo Inc., has been elected to American Electric Power´s (NYSE: AEP) board of directors.
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 30, 2004
American Electric Power (NYSE: AEP) today sold two coal-fired power plants in the United Kingdom and a number of related commodities contracts to Scottish and Southern Energy plc for $456 million.
July 27, 2004
American Electric Power (NYSE: AEP) and several other parties are recommending that the Virginia State Corporation Commission (SCC) approve AEP´s application to transfer functional control of its transmission assets in Virginia to PJM Interconnection.
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.
July 26, 2004
COLUMBUS, Ohio, July 26, 2004 - 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 30, at http://www.aep.com/go/webcasts or http://www.firstcallevents.com/service/ajwz408005928gf12.html.
July 22, 2004
American Electric Power (NYSE: AEP) today completed the sale of its ownership interests in three independent power plants to wholly owned, indirect subsidiaries of The Bear Stearns Companies Inc. (NYSE: BSC). The sale was announced March 10.
July 15, 2004
Andrew Patterson and William D’Onofrio have accepted new responsibilities with American Electric Power (NYSE: AEP), the company announced today.
July 13, 2004
COLUMBUS, Ohio, July 13, 2004 - Claims made by a former employee about alleged violations of environmental regulations at American Electric Power (NYSE: AEP) plants in northeast Texas were reviewed earlier this year, the company said. The review found that, for most claims, no violations had occurred and, for the remaining claims, the company had responded quickly and properly reported the incident.
July 2, 2004
COLUMBUS, Ohio, July 1, 2004 - American Electric Power (NYSE: AEP) subsidiary Texas Central Co. (formerly known as Central Power and Light) completed the sale of 3,813 megawatts of generating assets, including eight natural gas plants, one coal-fired plant and one hydro plant, to a joint venture of Sempra Energy Partners and Carlyle/Riverstone Global Energy and Power Fund for $430 million before adjustments. Proceeds from the sale will be used to reduce debt.
June 28, 2004
American Electric Power (NYSE: AEP) has named Helen Murray vice president - customer operations, Stewart Ramsay vice president - asset management and Craig Rhoades vice president - distribution services.
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 23, 2004
COLUMBUS, Ohio, June 23, 2004 - American Electric Power (NYSE:AEP) today announced that two executives with deep utility industry experience will join the company in senior roles. Carl L. English, 57, will join AEP Aug. 1 as president, AEP Utilities, a new position. John B. Keane, 57, will join AEP July 1 as senior vice president, general counsel and secretary and assumes responsibility for all corporate legal affairs and supervision of AEP’s legal department.
June 8, 2004
American Electric Power (NYSE: AEP) has scheduled a live webcast of the June 14 presentation by Michael G. Morris, AEP’s chairman, president and chief executive officer, at the Deutsche Bank Securities Electric Power Conference in New York.
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.
June 3, 2004
COLUMBUS, Ohio, June 3, 2004 - American Electric Power (NYSE: AEP) has named Coulter R. (Dick) Boyle senior vice president - commercial operations and Dale E. Heydlauff to a new position as senior vice president - distribution and customer operations.
June 1, 2004
COLUMBUS, Ohio, June 1, 2004 - American Electric Power (NYSE: AEP) said today that its subsidiary, Texas Central Co. (TCC), has received notifications from Texas Generating Co. (Texas Genco) and City Public Service of San Antonio (CPS) exercising their rights of first refusal for TCC´s 25.2 percent share of the South Texas Project (STP) nuclear plant.
May 26, 2004
COLUMBUS, Ohio, May 26, 2004 - American Electric Power (NYSE: AEP) is reorganizing its distribution and customer service operations into seven regional utility divisions, placing operational authority in the hands of division presidents and their support staffs.
May 20, 2004
American Electric Power (AEP) was joined by 4th Grade students from Holland Elementary School, Fort Wayne, as hosts today for the banding of three peregrine falcon chicks that hatched last month in the nesting box on the roof of One Summit Square, the city’s tallest building. The Department of Natural Resources (DNR) placed metal identification bands on the legs of the falcon chicks during the 11:00 a.m. event. The bands will help the DNR keep track of the young birds as they migrate either late this summer or in the fall.
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.
May 7, 2004
COLUMBUS, Ohio, May 7, 2004 - Two executives of American Electric Power (NYSE: AEP) have been recognized as “key women in energy in the Americas.” Holly Koeppel, executive vice president - commercial operations, and Melinda Ackerman, senior vice president - human resources, received Key Women in Energy awards this week.
May 6, 2004
COLUMBUS, Ohio, May 5, 2004 - Stephan T. Haynes has been named vice president -corporate finance for American Electric Power (NYSE: AEP). He is responsible for planning and executing the company’s financing programs, which include debt, bond and equity instruments, as well as banking relationships.
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 29, 2004
American Electric Power (NYSE: AEP) and Enron Corp. have reached a proposed settlement agreement regarding the Bammel storage reservoir and related pipeline and compressor assets.
April 27, 2004
COLUMBUS, Ohio, April 27, 2004 - American Electric Power (NYSE: AEP) spent 2003 reengineering its finances and refocusing attention on its core domestic utility business and will continue that renewed focus with significant investments in that business, Michael G. Morris, AEP’s chairman, president and chief executive officer, told shareholders attending the company’s annual meeting today.
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 26, 2004
American Electric Power (NYSE: AEP) and Buckeye Power are investing in new environmental controls at the jointly owned Cardinal Power Plant in Brilliant, Ohio, a project that not only will reduce emissions but also will provide a boost to the area´s economy. The firms are conducting preliminary studies and engineering for the installation of flue gas desulfurization (FGD) systems on units 1 and 2 of the Cardinal Plant. FGD systems, commonly called scrubbers, reduce sulfur dioxide emissions, a contributor to acid rain, by up to 98 percent.
April 26, 2004
American Electric Power (NYSE: AEP) has scheduled a live webcast of the May 4 presentation by Michael G. Morris, AEP’s chairman, president and chief executive officer, at the American Gas Association 2004 Financial Forum in Bonita Springs, Fla. Morris’ presentation to an audience of investors is scheduled to begin at 9:15 a.m. EDT and can be accessed through the Internet.
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.
April 23, 2004
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 27.
April 16, 2004
American Electric Power (NYSE: AEP) has completed the sale of its AEP Coal mining operations in Ohio and Kentucky to various affiliates of Wexford Capital LLC. According to the terms of the transaction, which closed Friday, AEP will receive $8.8 million cash and Wexford will assume an additional $10.8 million in future reclamation liability.
April 1, 2004
American Electric Power (NYSE: AEP) today announced that it has completed the $76.2 million sale of LIG Pipeline Co. and its subsidiaries to Crosstex Energy, L.P., through its subsidiary, Crosstex Louisiana Energy, L.P.
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.
March 18, 2004
COLUMBUS, Ohio, March 18, 2004 - American Electric Power (NYSE: AEP) has scheduled a live webcast of the planned March 24 presentation by Michael G. Morris, AEP’s chairman, president and chief executive officer, at the Morgan Stanley Global Electricity & Energy Conference in New York.
March 15, 2004
American Electric Power (NYSE: AEP) subsidiary Texas Central Co. (formerly known as Central Power and Light) has signed an agreement to sell its remaining generating assets, including eight natural gas plants, one coal-fired plant and one hydro plant, to a joint venture of Sempra Energy Partners and Carlyle/Riverstone Global Energy and Power Fund for $430 million. Proceeds from the sale will be used to reduce debt.
March 10, 2004
American Electric Power (NYSE: AEP) has entered into an agreement to sell its ownership interests in four independent power plants (IPPs) to wholly-owned, indirect subsidiaries of The Bear Stearns Companies Inc. (NYSE: BSC) for an aggregate $156 million.
March 4, 2004
American Electric Power (NYSE: AEP) has scheduled a live webcast of the planned March 11 presentation by Susan Tomasky, AEP’s executive vice president - policy, finance and strategic planning and chief financial officer, at the Banc One Capital Markets Fixed Income Utilities Conference in Chicago.
March 1, 2004
American Electric Power (NYSE: AEP) subsidiary Texas Central Co. (formerly known as Central Power and Light) has signed an agreement to sell its 25.2 percent share of the South Texas Project (STP) nuclear plant to Cameco South Texas Project LP, a wholly owned U.S. subsidiary of Cameco Corp. for approximately $332.6 million.
February 27, 2004
American Electric Power (NYSE: AEP) will invest an estimated $1.2 billion to install additional environmental controls at two of its coal-fired power plants: Mitchell Plant near Moundsville, W.Va., and Mountaineer Plant at New Haven, W.Va.
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 25, 2004
COLUMBUS, Ohio, Feb. 24, 2004 - Indiana Michigan Power Co., a wholly owned subsidiary of American Electric Power (NYSE: AEP), today announced that it will redeem on April 1, 2004, the entire outstanding $30,000,000 principal amount of its First Mortgage Bonds, Designated Secured Medium-Term Notes, 7.20% Series due Feb. 1, 2024, and the entire outstanding $25,000,000 principal amount of its First Mortgage Bonds, Designated Secured Medium-Term Notes, 7.50% Series due March 1, 2024.
February 24, 2004
The board of directors of American Electric Power (NYSE: AEP) today elected Michael G. Morris chairman of the board. Morris is AEP´s president and chief executive officer.
February 19, 2004
COLUMBUS, Ohio, Feb. 19, 2004 - American Electric Power (NYSE: AEP) today announced that it will assess and report to shareholders the potential impact of the company’s actions to improve the environmental performance of its power plants and keep those plants cost-competitive. An ad hoc subcommittee of independent directors will conduct the assessment.
February 17, 2004
COLUMBUS, Ohio, Feb. 17, 2004 - Chuck Zebula, previously senior vice president - portfolio management and optimization for American Electric Power (NYSE: AEP), has been named senior vice president - fuel, emissions and logistics for AEP. Effective immediately, he will oversee all coal procurement and transportation, emissions marketing and fuel logistics for the company.
February 17, 2004
American Electric Power (NYSE: AEP) today announced that it has signed a definitive agreement to sell LIG Pipeline Co. and its subsidiaries - LIG Inc., Louisiana Intrastate Gas Company L.L.C., LIG Chemical Co., LIG Liquids Company L.L.C. and Tuscaloosa Pipeline Co. - to Crosstex Energy L.P. for $76.2 million. Proceeds from the sale, part of AEP´s plan to divest non-core assets and focus on core utility operations, will be used to reduce debt and strengthen the balance sheet. The sale includes LIG´s approximately 2,000 miles of natural gas gathering and transmission pipelines and five gas processing facilities that straddle the system. Not included in the transaction is Jefferson Island Storage and Hub L.L.C., which was acquired with the LIG assets by AEP but will be sold separately.
February 16, 2004
Charles Patton, vice president of governmental affairs for American Electric Power (NYSE: AEP), has been named Texas state president for American Electric Power, effective immediately.
February 9, 2004
Columbus Southern Power Company and Ohio Power Company, two subsidiaries of American Electric Power (NYSE:AEP), Monday filed a plan that will keep their electric rates among the lowest in Ohio and allow the companies to begin recovering costs for environmental improvements. The rate plan, filed with the Public Utilities Commission of Ohio (PUCO), is proposed to address rates following the end of Ohio’s electric customer choice market development period, which ends Dec. 31, 2005.
February 4, 2004
American Electric Power (NYSE: AEP) has scheduled a live webcast of the Feb. 11 presentation by Susan Tomasky, AEP’s executive vice president - policy, finance and strategic planning and chief financial officer, at the UBS Natural Gas & Electric Utilities Conference in New York.
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 30, 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 Golden Spread Electric Cooperative for $42.75 million. Proceeds from the sale will be used to reduce debt.
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.
January 28, 2004
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, Feb. 3, at http://www.aep.com/go/webcasts or http://www.firstcallevents.com/
service/ajwz397409303gf12.html.
December 22, 2003
A leak Friday evening in a filter for a system that supplies water to the reactor coolant pump seals at American Electric Power´s (NYSE: AEP) Cook Nuclear Plant Unit 2 resulted in a brief entry into the plant´s emergency plan. An unusual event, the lowest classification level, was declared for about 90 minutes until the filter was bypassed and the leak isolated.
December 16, 2003
American Electric Power’s (NYSE: AEP) Board of Directors has elected Michael G. Morris to succeed E. Linn Draper Jr. as president and chief executive officer effective Jan. 1, 2004. Morris will also succeed Draper as AEP chairman upon Draper’s retirement from that position on or before April 27, 2004.
December 1, 2003
American Electric Power’s (NYSE:AEP) Cook Nuclear Plant Unit 1 returned to service Nov. 26 after a 39-day refueling outage.
November 24, 2003
Houston Pipe Line Co. and AEP Energy Services Gas Holding Co., affiliates of American Electric Power (NYSE: AEP), filed suit Nov. 21 in the Enron bankruptcy proceeding pending in United States Bankruptcy Court for the Southern District of New York. The suit was filed against Enron and Bank of America regarding the Bammel storage related assets.
November 19, 2003
American Electric Power (NYSE: AEP) officials said the report on the Aug. 14 blackout released today by the U.S./Canada Power Outage Task Force provides a comprehensive, in-depth, independent analysis of the events of Aug. 14. “Although we are still reviewing the report, we believe it is representative of the events that occurred Aug. 14 and offers a very thorough evaluation of what occurred that day. We applaud the efforts of the members of the task force and their painstaking efforts to analyze the voluminous data collected,” said Tom Shockley, AEP’s vice chairman and chief operating officer.
November 13, 2003
American Electric Power (NYSE: AEP) announced today that PAR Electrical Contractors Inc., a Quanta Services company (NYSE: PWR), has been chosen to construct the transmission towers and string conductor for the 90-mile Wyoming-Jacksons Ferry 765,000-volt (765-kV) transmission project.
November 12, 2003
American Electric Power (NYSE: AEP) has scheduled a live webcast of a presentation by Susan Tomasky, executive vice president - policy, finance and strategic planning and chief financial officer, on Monday at the Banc of America Securities Energy and Power Conference in Las Vegas.
November 12, 2003
American Electric Power (NYSE: AEP) today joined Climate Leaders, the U.S. Environmental Protection Agency’s voluntary government/industry partnership to address climate change. AEP’s previously announced voluntary commitment to reduce or offset its greenhouse gas emissions 4 percent by 2006 will serve as the company’s initial Climate Leaders’ reduction goal. The company will work with U.S. EPA and the Chicago Climate Exchange (CCX) on a post-2006 emissions control commitment.
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.
November 3, 2003
American Electric Power (NYSE: AEP) applied to the U.S. Nuclear Regulatory Commission (NRC) today to renew operating licenses of AEP’s Cook Nuclear Plant. The application, consisting of over 1,400 pages of documentation and associated technical analysis, supports that Cook Unit 1 and Unit 2 can be safely operated until 2034 and 2037 respectively.
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 21, 2003
Joseph N. Jensen has been named site vice president responsible for American Electric Power’s (NYSE: AEP) Cook Nuclear Plant. The site vice president is responsible for plant operations and maintenance and reports to Mano K. Nazar, senior vice president and chief nuclear officer.
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 14, 2003
The e7, an international group of leading energy companies, has finalized plans to construct a micro-hydro power plant to bring electricity for the first time to Chendebji, a small, remote village high in the Himalayan Mountains. Construction on the 70-kilowatt project is scheduled to begin in Bhutan in November.
October 1, 2003
American Electric Power (NYSE: AEP) has learned that the Commodity Futures Trading Commission (CFTC) has filed a civil action against the company in the United States District Court for the Southern District of Ohio. AEP has not been served with a copy of the complaint, which was filed late yesterday, but believes that it is based on claims related to the submitting of natural gas trading information to certain trade publications by gas traders no longer employed by AEP.
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 26, 2003
Issues blocking participation by American Electric Power (NYSE: AEP) in a regional transmission organization must be resolved through compromise by federal and state regulators, AEP officials said today. AEP offered a compromise as a starting point for discussions among regulators in an attempt to advance the debate on its plan to join PJM Interconnect, a regional transmission organization (RTO). AEP officials were among those testifying today on the first day of a two-day inquiry into Midwest regional transmission issues ordered by the Federal Energy Regulatory Commission (FERC).
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 18, 2003
American Electric Power (NYSE: AEP) has scheduled a live webcast of Thursday’s briefing by E. Linn Draper Jr., AEP’s chairman, president and chief executive officer, at the Merrill Lynch Power & Gas Leaders Conference in New York. Draper’s briefing on the company´s strategy and operations will be part of a panel presentation scheduled for 9:15 a.m. - 10:45 a.m. EDT Thursday. The live webcast of the panel discussion can be accessed through the Internet at http://www.aep.com/go/webcast.
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.
September 4, 2003
Regulatory certainty for transmission siting and cost recovery is needed if America’s electrical grid is to be improved, the head of one of the nation’s largest utilities told the House Committee on Energy and Commerce in testimony today. E. Linn Draper Jr., chairman, president and chief executive officer of American Electric Power (NYSE: AEP), also told the committee that communications between transmission grid operators must be improved and that the U.S. needs to resolve the continuing debate about regional transmission organizations.
September 3, 2003
American Electric Power (NYSE: AEP) has scheduled a live webcast of today’s presentation by Henry Fayne, AEP’s executive vice president - energy delivery, at the Lehman Brothers 17th Annual CEO Energy/Power Conference in New York. Fayne’s presentation to an audience of industry analysts is scheduled to begin at 11:20 a.m. and can be accessed through the Internet at http://www.aep.com/go/webcast.
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.
August 26, 2003
American Electric Power (NYSE: AEP) has named Mano K. Nazar senior vice president and chief nuclear officer, effective Oct. 1, 2003.
August 22, 2003
A story in today´s Wall Street Journal about Ohio distribution maintenance practices by American Electric Power (NYSE: AEP) is based on preliminary, internal working documents from a Public Utilities Commission of Ohio (PUCO) staff review that had yet to be verified and agreed to by AEP. The document is not based on a PUCO sanctioned report or commission action.
August 22, 2003
American Electric Power (NYSE: AEP) today released a timeline of events and conditions detected by automated controls on its transmission grid Aug. 14 when massive amounts of power were drawn north from AEP´s grid to loads in the vicinity of Lake Erie immediately prior to the blackout that affected all or parts of eight states and eastern Canada.
August 12, 2003
A. Christopher “Chris” Bakken III, American Electric Power’s (NYSE: AEP) senior vice president and chief nuclear officer, today announced his resignation to return to PSEG Power. Bakken has been responsible for oversight of AEP’s Cook Nuclear Plant in Bridgman, Mich., and AEP’s 25-percent ownership of the South Texas Project Electric Generating Station in Bay City, Texas, since October 2001.
August 8, 2003
John D. Harper has been named vice president - general services for American Electric Power (NYSE: AEP). He is responsible for property and facilities management and office and fleet services for the company.
August 7, 2003
The American Society of Mechanical Engineers (ASME International) today designated American Electric Power’s (NYSE: AEP) former Philo Unit 6 a Historic Mechanical Engineering Landmark for the unit’s groundbreaking and far-reaching technological advances.
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 28, 2003
American Electric Power (NYSE: AEP) will replace both reactor vessel heads at Cook Nuclear Plant. The $44 million project was approved by the AEP Board of Directors at its July meeting.
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.
July 21, 2003
The American Electric Power (NYSE: AEP) headquarters building at One Riverside Plaza in Columbus is about to look a whole lot different after dark. To celebrate the Cirque du Soleil® performances of Dralion(TM) that begin this week in the Arena District, AEP will light the northwest face of its headquarters building in shades of yellow and blue - the same colors as Cirque du Soleil’s Grand Chapiteau (“big top”). AEP is the presenting sponsor for the Columbus debut of Dralion, which runs from July 24 through Aug. 17.
July 2, 2003
Joseph Hamrock has been named senior vice president and chief information officer for American Electric Power (NYSE: AEP). He had served as AEP’s senior vice president - general services since 2002. Hamrock, 40, will oversee the company’s information technology (IT) efforts.
June 13, 2003
American Electric Power (NYSE: AEP) has taken appropriate actions to ensure that energy-trading data is accurately reported for use in trade media indexes, the company said today in a response to a Federal Energy Regulatory Commission (FERC) order.
June 13, 2003
Melinda S. Ackerman, senior vice president - human resources for American Electric Power (NYSE: AEP), has accepted an invitation to serve on the U.S. Chamber of Commerce Employee Benefits Committee. The committee is the main policy-originating body for the U.S. Chamber in the areas of health care, pension and retirement plans and other employer-provided benefits, as well as public programs such as Social Security and Medicare. It also formulates the underlying policy that determines the chamber’s response to employee benefit legislation pending before Congress. Ackerman will serve on the committee’s Health Care and Retirement Plans subcommittees.
June 11, 2003
American Electric Power (NYSE: AEP) is soliciting bids for the purchase of all the generating assets of its AEP Texas Central Co. subsidiary (formerly know as Central Power and Light).
June 10, 2003
American Electric Power (NYSE: AEP) has scheduled a live webcast of Wednesday’s presentation by E. Linn Draper Jr., AEP’s chairman, president and chief executive officer, at the Deutsche Bank Conference in New York. Draper’s presentation to an audience of industry analysts is scheduled to begin at 8:45 a.m. Eastern time Wednesday and can be accessed through the Internet.
June 3, 2003
The arrest today of an employee in American Electric Power´s commercial operations is not related to actions during his 15 months with AEP.
May 30, 2003
American Electric Power (NYSE: AEP) has named Coulter R. (Dick) Boyle to the new position of senior vice president - commercial business services and Laura J. Thomas to the post of vice president - fuel and cost recovery. Boyle had been vice president - regulatory services for AEP since 1999 and Thomas had served as director - regulated pricing and analysis since 1996.
May 28, 2003
American Electric Power’s (NYSE:AEP) Cook Nuclear Plant Unit 1 returned to service today while Unit 2 remains in a 35-day refueling outage that began on May 5. Both Cook units were taken off-line on April 24 because of an influx of fish in the plant’s cooling water system.
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 27, 2003
American Electric Power (NYSE: AEP) Dallas employee Richard P. (Rick) Walker, director of business development for AEP Wind Energy, LLC, received the American Wind Energy Association’s (AWEA) Outstanding Contribution to the Wind Industry award during the organization’s WINDPOWER 2003 conference in Austin, Texas. Walker was honored for “selflessly contributing his time, energy and capability in support of the wind energy industry.”
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 23, 2003
American Electric Power (AEP) served as host today for the banding of four peregrine falcon chicks that hatched last month in the nesting box on the roof of One Summit Square, the tallest building in Fort Wayne, Ind. The Department of Natural Resources (DNR) placed metal identification bands on the legs of the falcon chicks during the 10:30 a.m. event. The bands will help the DNR keep track of the young birds as they migrate either late this summer or in the fall.
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.
May 22, 2003
As part of the carbon sequestration research project now going on at Mountaineer Plant in Mason County, seismic surveying will be done in a five- to 10-mile radius of the plant over the next several weeks.
May 19, 2003
American Electric Power (NYSE: AEP) will repair several minor defects on the Cook Nuclear Plant Unit 2 reactor vessel head, but this should not affect the refueling outage duration. The five small, shallow indications originally were identified during inspections in 2002, and they have not shown signs of increasing. However, new industry rules dictate that they be repaired before the unit is returned to service.
May 19, 2003
As one of the largest wind generators in the United States and a leader in addressing climate change, American Electric Power (NYSE: AEP) supports policies to accelerate the development of renewable generating resources. During a presentation today at WindPower 2003, a conference of the American Wind Energy Association (AWEA), E. Linn Draper, AEP’s chairman, president and chief executive officer, recognized the progress that has been made in wind generation, but focused on the obstacles that must be addressed if the United States is going to significantly increase the amount of electricity generated from wind and other renewable sources.
May 15, 2003
American Electric Power (NYSE: AEP) is among 17 Fortune 1000 companies listed as “Great Places to Work” in the 2003 Career Guide included in the May 2003 issue of ESSENCE, a monthly magazine for African-American women. ESSENCE has more than 8 million readers nationwide.
May 2, 2003
American Electric Power´s (NYSE: AEP) new safety advertising campaign features a mechanically challenged father, a "weekend handyman" and children who learn to use caution when flying kites. The television and print advertisements will appear across much of AEP´s 11-state service territory through the end of the year.
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 28, 2003
Stephen P. Smith has joined American Electric Power (NYSE: AEP) as senior vice president - corporate accounting, planning and strategy. Smith will oversee AEP’s financial planning and reporting functions.
April 25, 2003
An international group of leading energy companies has announced plans to install wind turbines on environmentally sensitive San Cristobal Island in the Galapagos Archipelago, replacing a substantial portion of the island’s electricity currently produced by large diesel-powered generators. American Electric Power (NYSE: AEP) is leading the project team.
April 25, 2003
American Electric Power (NYSE: AEP) has completed its exit from Nordic energy trading markets.
April 25, 2003
A massive intrusion of Alewives, a small fish, clogged plant cooling water intake systems Thursday and resulted in plant operators shutting down both units of American Electric Power’s (NYSE:AEP) Cook Nuclear Plant. It is common for the Alewife population along the shoreline to dramatically increase in the spring when the Alewives move to shallow water to spawn, but this sudden large intrusion was uncharacteristic.
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 24, 2003
Both units of the American Electric Power’s [NYSE:AEP] Cook Nuclear Plant were taken off-line early Thursday morning because of an influx of fish in the plant’s cooling water system.
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) Wednesday received a 2002 Regional Director’s Conservation Award from the Southeast Region of the U.S. Fish and Wildlife Service (USFWS) for its work to acquire, protect and reforest more than 10,000 acres of bottomland hardwood forest near Catahoula National Wildlife Refuge (NWR) in east central Louisiana.
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.
April 9, 2003
E. Linn Draper Jr., American Electric Power’s (NYSE: AEP) chairman, president and chief executive officer, announced today that he plans to retire in 2004, on or around the company’s annual meeting of shareholders next April.
April 4, 2003
American Electric Power (NYSE: AEP), and five other project partners, received the 2003 Roy Family Award from Harvard University last night for their role in developing the Noel Kempff Mercado Climate Action Project in Bolivia. Recognizing AEP’s leadership role in the project, E. Linn Draper, Jr., AEP chairman, president and chief executive officer, provided the keynote address during the award ceremony at Harvard’s John F. Kennedy School of Government.
April 1, 2003
American Electric Power (NYSE: AEP) has received a subpoena from the Securities and Exchange Commission (SEC) as part of the agency´s ongoing investigation of energy trading activities.
March 31, 2003
American Electric Power (NYSE: AEP) Monday said it strongly supports the Environmental Protection Agency’s (EPA’s) efforts to clarify the types of activities that would constitute “routine maintenance, repair and replacement” under the agency’s New Source Review (NSR) program and urged the agency to complete work on its proposal as expeditiously as possible.
March 27, 2003
Four members of the American Electric Power (NYSE: AEP) management team and a member of the AEP Board of Directors have been named “key women in energy in the Americas” for 2002. Honored at a reception in Washington, D.C., on Tuesday were Melinda Ackerman, senior vice president - human resources; Michelle Kalnas, senior vice president - supply chain; Holly Koeppel, executive vice president - energy services; and Susan Tomasky, executive vice president - policy, finance and strategic planning and chief financial officer. AEP board member Linda Gillespie Stuntz, a partner with Stuntz, Davis & Staffier, P.C., of Washington, D.C, also was recognized.
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 18, 2003
American Electric Power (NYSE: AEP) has sold its water heater rental program to America´s Water Heater Rentals (AWHR) for $38 million.
March 18, 2003
Saving a Bolivian rainforest, enhancing the habitat of 400,000 migratory waterfowl, and helping safeguard the giant tortoises of the Galapagos Islands might not be activities normally associated with a Midwest-based electric utility company, but they are just some of the actions American Electric Power (NYSE: AEP) has undertaken as part of its corporate commitment to environmental stewardship. A new publication from AEP details these and other voluntary efforts by the company to help minimize the impact its business has on the global environment.
March 11, 2003
American Electric Power (NYSE: AEP) has scheduled a live webcast of Wednesday’s presentation by E. Linn Draper Jr., AEP’s chairman, president and chief executive officer, at the Morgan Stanley 10th Annual Global Electricity & Energy Conference in New York.
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 10, 2003
American Electric Power (NYSE: AEP) has completed the sale of Mutual Energy Service Company, LLC (MESC), the customer care operation created to manage retail customer accounts in Texas, to Alliance Data Systems (NYSE: ADS), a leading provider of transaction, marketing and credit services.
March 10, 2003
American Electric Power (NYSE: AEP) has sold the assets of its C3 Communications subsidiary to Grande Communications for $7 million. The sale resulted in no gain or loss for AEP.
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.
February 26, 2003
American Electric Power Company, Inc. (NYSE:AEP) announced today that it plans to issue 50 million new shares of the company’s common stock. The offering will be made under the company’s existing shelf registration statement. The offering, when completed, will bring total shares outstanding to approximately 389 million.
February 26, 2003
American Electric Power (NYSE: AEP) has received an underwriting commitment from Citibank, N.A. and JP Morgan Chase Bank for a $1.5 billion revolving credit facility. A total of $750 million will mature in May 2004 and the remainder will mature in May 2006. The 2004 portion has a one-year term-out provision. The $1.5 billion facility will replace a $2.5 billion facility that matures in May 2003. The $1 billion reduction reflects the company’s lower reliance on short-term debt going forward.
February 14, 2003
American Electric Power (NYSE: AEP) and the Public Utility District No. 1 of Snohomish County, Wash. (Snohomish), today announced a settlement in a dispute over a long-term contract signed in January 2001.
February 13, 2003
Four regulated subsidiaries of American Electric Power (NYSE: AEP) this week issued unsecured senior notes totaling more than $2 billion in proceeds.
February 12, 2003
American Electric Power (NYSE: AEP) executives Susan Tomasky and Holly Koeppel received global honors this week for their achievements in the energy industry. Tomasky, executive vice president - policy, finance and strategic planning and chief financial officer, and Holly Koeppel, executive vice president - energy services, are among the “50 key women in energy” worldwide for 2002 selected by energy consultancy Rader Energy in association with London-based Commodities Now magazine and corporate sponsors Entergy-Koch, LP and Jacobs Consultancy.
February 10, 2003
American Electric Power (NYSE:AEP) said Monday that a decision by Moody’s Investors Service to downgrade the debt rating for AEP reflects the weak performance of the company’s unregulated investments, but that AEP’s core utility businesses remain strong.
February 5, 2003
American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 1 returned to service today after a 21-day outage to replace the main transformer.
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.
January 22, 2003
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 21, 2003
American Electric Power (NYSE: AEP) will replace the main transformer that was damaged by fire last Wednesday at Cook Nuclear Plant Unit 1. Repairs and return-to-service of the 1,035 MW unit are expected to be completed in a few weeks.
January 21, 2003
American Electric Power (NYSE: AEP) has reached an agreement with Pedernales Electric Cooperative Inc., a private, consumer-owned electric cooperative based in Johnson City, Texas, to sell a small portion of AEP’s electric distribution facilities in Central Texas to Pedernales for $9.5 million. Facilities being sold are in areas that currently border or are surrounded by Pedernales facilities.
January 20, 2003
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EST Friday, Jan. 24.
January 16, 2003
American Electric Power (NYSE: AEP) announced today that it has joined the Chicago Climate Exchange (CCX), the first U.S. voluntary pilot program for trading of greenhouse gas emissions. AEP is one of 14 founding members announced today by the CCX at a news conference in Chicago.
January 16, 2003
A fire last night in the main transformer of American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 1 resulted in the automatic shutdown of the reactor and a brief activation of the site emergency plan. The fire was extinguished in 35 minutes by the site fire brigade. One security officer suffered smoke inhalation and was taken to Lakeland Hospital and released.
January 15, 2003
American Electric Power (NYSE:AEP) and the State of Ohio Environmental Protection Agency have reached an agreement to resolve concerns about leaks in the fly ash handling system at the Gen. James M. Gavin Plant in Cheshire, Ohio. The agreement, which includes a payment of $40,000 to the Ohio EPA, includes no admission of violations or liability by AEP.
December 31, 2002
American Electric Power (NYSE: AEP) today received a key approval it needs to construct the proposed Wyoming-Jacksons Ferry 765-kilovolt (kV) transmission line. The decision came when the U.S. Forest Service issued its final Environmental Impact Statement and Record of Decision forming the basis for a permit that will allow the power line to cross 11 miles of public lands.
December 23, 2002
American Electric Power has completed the sale of two of its Texas retail electric providers (REPs) to Centrica, a leading provider of retail energy and other essential consumer services.
December 17, 2002
Central Power and Light (CPL), a subsidiary of American Electric Power (NYSE: AEP), filed a plan of divestiture today with the Public Utility Commission of Texas (PUCT) proposing to sell all of its power generation assets.
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.
December 6, 2002
American Electric Power (NYSE: AEP) has dispatched crews to North Carolina from Ohio and Indiana in an effort to help Duke Power restore service to thousands following this week’s damaging ice storm.
December 3, 2002
American Electric Power announced today that Jane Harf has been named president of the company’s state office in Ohio. Harf had been vice president - governmental and environmental affairs for AEP.
November 21, 2002
American Electric Power’s (NYSE: AEP) Mountaineer Plant in New Haven, W.Va., will be the site for a $4.2 million carbon sequestration research project funded by the U.S. Department of Energy (DOE) and a consortium of public and private sector participants. Scientists from Battelle will lead this climate change mitigation research project.
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 30, 2002
Michael W. Rencheck will become president of American Electric Power’s (NYSE: AEP) Pro Serv, Inc., in early November, succeeding John R. Jones, who will retire after 36 years 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 24, 2002
Eric van der Walde, executive vice president - wholesale at American Electric Power (NYSE: AEP), today announced his resignation following AEP´s decision to limit its energy trading activities to focus on optimizing the value of the company´s energy assets.
October 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.
October 22, 2002
American Electric Power has scheduled a live webcast of its presentation to analysts today at the Edison Electric Institute’s annual financial conference in Palm Desert, Calif. The webcast, scheduled for 10:30 a.m. EDT today, is available at http://webcast.talkpoint.com/starthere.asp?pres=20502 . The webcast can also be accessed through EEI’s web site, http://www.eei.org.
October 16, 2002
American Electric Power (NYSE: AEP) and the Electric Reliability Council of Texas (ERCOT) have reached interim agreements to keep seven gas-fired power plants in the ERCOT region operational until the end of the year. The power stations will work under “reliability must run” or “RMR” contracts.
October 10, 2002
American Electric Power (NYSE: AEP) said today that it plans to reduce its exposure to speculative energy trading markets and will downsize its trading and wholesale marketing operation.
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.
October 9, 2002
American Electric Power (NYSE: AEP) dismissed five employees involved in natural gas marketing and trading after the company determined they provided inaccurate price information for use in indexes compiled and published by trade publications.
October 1, 2002
American Electric Power (NYSE: AEP) will begin steps today to move seven Texas power plants to inactive, or mothballed, status as the company continues negotiations with the Electricity Reliability Council of Texas (ERCOT) on the status of eight other power plants.
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.
September 24, 2002
American Electric Power (NYSE: AEP) is acquiring the majority of the parcels of land in the southern Ohio village of Cheshire, but many of the characteristics of the community adjacent to AEP’s Gen. James M. Gavin Power Plant will see little change.
September 24, 2002
American Electric Power (NYSE: AEP) has been named one of the “100 Best Companies for Working Mothers” by Working Mother magazine, a national publication aimed at career-committed mothers.
September 23, 2002
American Electric Power (NYSE: AEP) and a team of world-class partners dedicated the first U.S. stationary sodium sulfur (NAS®) battery today at an AEP office park.
September 13, 2002
American Electric Power (NYSE: AEP) filed a memorandum of understanding with the Federal Energy Regulatory Commission (FERC) today calling for certain western transmission assets to participate in the Midwest Independent System Operator (MISO).
September 11, 2002
American Electric Power (NYSE: AEP) has asked the Electricity Reliability Council of Texas (ERCOT) to determine which of AEP’s 16 gas-fired power plants in ERCOT may be required for “reliability must run” or “RMR” status. Plants not required for reliability purposes will be mothballed by the end of the year, a move that will improve AEP’s financial performance.
September 4, 2002
American Electric Power (NYSE: AEP) has announced a change in the leadership of its London-based international wholesale energy marketing, trading and generation operations. H.D. (Hank) Jones, managing director of AEP Energy Services Ltd., has resigned to pursue other opportunities. Stuart Staley, who was responsible for AEP’s London-based international coal and freight trading group, will assume Jones’ duties as head of international wholesale energy marketing, trading and generation.
September 3, 2002
American Electric Power (NYSE: AEP) subsidiaries Houston Pipe Line Co. and Louisiana Intrastate Gas Co. have become partners in the U.S. Environmental Protection Agency’s (EPA) Natural Gas STAR Program. The voluntary program between EPA and the natural gas industry works to reduce methane emissions by encouraging the use of cost-effective technologies and practices.
August 31, 2002
The United Nations Environment Programme (UNEP) and the International Chamber of Commerce (ICC) presented an award for an e7 renewable energy project in Indonesia to e7 chairman E. Linn Draper Jr., who is chairman, president and chief executive officer of American Electric Power (NYSE: AEP).
August 30, 2002
American Electric Power (NYSE: AEP) has received an informal data request from the Securities and Exchange Commission (SEC) asking the company to voluntarily provide documents related to “round-trip” or “wash” trades. A number of other companies have previously confirmed receiving similar informal requests from the SEC.
August 30, 2002
American Electric Power (NYSE: AEP) has completed the sale of CitiPower, AEP’s retail electricity and gas supply and electricity distribution subsidiary in Australia, to Cheung Kong Infrastructure Holdings Ltd (CKI) and Hongkong Electric (HKE).
August 29, 2002
E. Linn Draper Jr., who is chairman, president and chief executive officer of American Electric Power (NYSE: AEP), will sign a sustainable development statement of collaboration and other related agreements with the United Nations Sunday in his role as chairman of the e7. The e7 is an organization of nine leading energy companies from the G7 nations that collectively promote sustainable energy development. AEP represents the United States in the e7.
August 22, 2002
Dale E. Heydlauff has been named to the new position of senior vice president - governmental and environmental affairs for American Electric Power (NYSE: AEP). He had served as senior vice president - environmental affairs for AEP since 2000.
August 13, 2002
American Electric Power (NYSE: AEP) submitted its Certification of Financial Statements today to the U.S. Securities and Exchange Commission (SEC). The certifications, signed by E. Linn Draper Jr., AEP chairman, president and chief executive officer, and Susan Tomasky, executive vice president and chief financial officer, verify the accuracy of AEP’s annual report on Form 10-K for the year 2001, the company´s Form 10-Qs for the first and second quarters of 2002, and Form 8-Ks filed during 2002 since the filing of the Form 10-K.
July 29, 2002
American Electric Power (NYSE: AEP) has completed the sale of SEEBOARD, AEP’s retail electricity and gas supply and electricity distribution subsidiary in southeast England, to London Electricity Group plc (LE Group), one of the largest energy companies in the United Kingdom.
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 23, 2002
American Electric Power´s (NYSE: AEP) new community involvement report highlights education and other major community activities the company supports through $8.3 million in corporate contributions, sponsorships and employee volunteerism.
July 22, 2002
American Electric Power (NYSE: AEP) has promoted Thomas M. Hagan to executive vice president of the company’s services unit that includes human resources, general services, information technology and supply chain.
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 19, 2002
COLUMBUS, Ohio, July 19, 2002 - American Electric Power (NYSE: AEP) signed an agreement today to sell CitiPower, AEP’s retail electricity and gas supply and electricity distribution subsidiary in Australia, to Cheung Kong Infrastructure Holdings Ltd (CKI) and Hong Kong Electric (HKE). Concurrent with the sale, Origin Energy Ltd will purchase the electricity retail business of CitiPower from CKI and HKE.
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
American Electric Power (NYSE: AEP) issued a warning Wednesday to prospective viewers of the upcoming 20th Century Fox film titled “Like Mike.” The film, which opens Wednesday in theaters, depicts a scene involving a live electric line that is extremely hazardous and likely lethal.
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 18, 2002
American Electric Power (NYSE: AEP) signed an agreement today to sell SEEBOARD, AEP’s retail electricity and gas supply and electricity distribution subsidiary in southeast England, to London Electricity Group plc (LE Group), one of the largest energy companies in the United Kingdom.
June 17, 2002
Columbus Southern Power Co. today announced that it will redeem all of the outstanding 100,000 shares of its 7% series of preferred stock on Aug. 1, 2002.
June 17, 2002
Three public utility subsidiaries of American Electric Power (NYSE: AEP) today announced that on July 24, 2002, they will redeem all of their outstanding Junior Subordinated Deferrable Interest Debentures and certain of their First Mortgage Bonds.
June 13, 2002
American Electric Power (NYSE: AEP) has completed the recovery from a switchyard fire at its Donald C. Cook Nuclear Plant, ending Alert status at 11:54 p.m. Wednesday when equipment affected by the fire was restored.
June 12, 2002
At 1:45 p.m. Wednesday, equipment failure in American Electric Power’s (NYSE: AEP) Donald C. Cook Nuclear Plant Unit 1 345 KV switchyard resulted in a fire, minor injury to one worker, and activation of the Cook Emergency Plan at the Alert level.
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 11, 2002
American Electric Power (NYSE: AEP) Tuesday announced plans to construct new emission control systems on Unit 1 and Unit 2 at the John E. Amos Plant in St. Albans, W.Va. The new Selective Catalytic Reduction (SCR) system will reduce nitrogen oxide (NOx) emissions on each unit by between 85 and 90 percent.
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.
June 6, 2002
Wednesday night, during routine surveillance testing of American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 1, the unintended opening of a valve resulted in the transfer of approximately 100 gallons of reactor coolant system water to a holding tank for the system. Plant operators manually closed the valve after about 15 seconds.
June 5, 2002
American Electric Power (NYSE: AEP) completed last week at a cost of nearly $15 million the installation of an additional transformer in its Dumont Station in South Bend, Ind., providing the opportunity for Michigan to increase imports of electricity from outside the state by 2,000 megawatts.
May 30, 2002
American Electric Power Company, Inc. (NYSE:AEP) announced today that it plans two concurrent public offerings of equity securities.
May 30, 2002
American Electric Power (NYSE: AEP), after completing a review, said Thursday it intends to file responses to Federal Energy Regulatory Commission (FERC) data requests that deny the company’s involvement in “round trip” or “wash” transactions under investigation by the FERC.
May 29, 2002
A group of leading energy companies announced May 28 the formation of an industry committee to identify best practices in risk management. The group is comprised of chief risk officers from participating companies and will be called the Committee of CROs.
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.
May 22, 2002
American Electric Power (NYSE: AEP) Wednesday submitted a response to a request from the Federal Energy Regulatory Commission (FERC) confirming AEP had not participated in California energy market strategies outlined in Enron memos and under investigation by the FERC.
May 17, 2002
Because of an inaccurate story in the trade media Friday, American Electric Power (NYSE: AEP) clarified the status of a senior trader in the company´s AEP Energy Services, Inc., subsidiary. “Rick Snowdon, one of our senior traders, requested a leave of absence for personal reasons that have absolutely nothing to do with the current controversies in the energy marketplace," said Eric J. van der Walde, AEP´s executive vice president of marketing and trading.
May 8, 2002
American Electric Power (NYSE: AEP) and the PJM Interconnection, LLC, have entered into a Memorandum of Understanding that would provide for AEP to join PJM, AEP announced.
May 8, 2002
American Electric Power (NYSE: AEP), the United States Environmental Protection Agency (U.S. EPA) and the Ohio Environmental Protection Agency (OEPA) have agreed on the comprehensive testing, monitoring and reporting schedule the company will employ to evaluate the effectiveness of the company´s program to reduce sulfur aerosol emissions from the Gen. James M. Gavin power plant in southeastern Ohio.
May 7, 2002
Floyd Nickerson, the chief public policy voice for American Electric Power (NYSE: AEP) in Ohio, has resigned as AEP’s Ohio state president to return with his family to his native Texas, Thomas M. Hagan, senior vice president of governmental affairs, announced.
May 6, 2002
American Electric Power (NYSE: AEP) has purchased the former Gast Manufacturing Facility in Bridgman, Mich., for use as a warehouse and office for the Cook Nuclear Plant. The building will be converted into a full-service shipping and receiving facility over the next year, and will allow consolidation of four warehouses currently in use on the plant site and in St. Joseph.
May 3, 2002
Officials of American Electric Power (NYSE: AEP) and City Public Service (CPS), the municipal electric utility for San Antonio, Texas, were joined Friday by national, state and local officials as they dedicated the Desert Sky Wind Farm in West Texas.
May 2, 2002
Michael J. Assante has joined American Electric Power (NYSE: AEP) as vice president and chief information security officer, a new position.
April 30, 2002
A research project about fish migration underway at American Electric Power’s (NYSE: AEP) Buchanan Hydroelectric Plant could result in increased fish populations on the St. Joseph River. If successful, the new technology could be applied and have similar results on fisheries in the Pacific Northwest.
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 22, 2002
Michael W. Rencheck has been named senior vice president of engineering and region operations for AEP Pro Serv, Inc., the non-regulated professional services subsidiary of American Electric Power (NYSE: AEP).
April 19, 2002
American Electric Power (NYSE: AEP) plans to use a number of houses and other structures in Cheshire, Ohio, as temporary housing for employees assigned to the nearby Gen. James M. Gavin power plant and for other plant purposes.
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.
April 16, 2002
American Electric Power (NYSE: AEP) has reached an agreement in principle to acquire approximately 200 parcels of land that make up the southeastern Ohio community of Cheshire for $20 million.
March 28, 2002
American Electric Power (NYSE: AEP) will lead a group of 12 students and teachers from Ohio and West Virginia to a South American rain forest this summer for AEP’s Environmental Learning and Adventure in Bolivia (E-LAB) program.
March 12, 2002
American Electric Power (NYSE: AEP) has named Joseph R. Hartsoe vice president and associate general counsel - federal policy. Hartsoe will be based in Washington, D.C.
March 4, 2002
American Electric Power (NYSE: AEP), a leading diversified energy company and America’s largest generator of electricity, March 4 announced it has launched an innovative new corporate positioning campaign centered on a sponsorship of Cirque du Soleil, the internationally renowned live entertainment group.
February 28, 2002
American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 2 resumed production of electricity Thursday morning following a scheduled refueling and maintenance outage. Workers completed the outage in 40 days, the shortest refueling in the plant’s 27-year history.
February 22, 2002
Joseph E. Pollock has been named site vice president for American Electric Power´s (NYSE: AEP) Cook Nuclear Plant, according to A. Christopher Bakken III, senior vice president - nuclear generation. Pollock is currently plant manager at Cook.
February 6, 2002
American Electric Power (NYSE: AEP) has created several executive positions in risk management, reflecting the growing significance of that function to the company.
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 31, 2002
American Electric Power (NYSE: AEP) today outlined its strategy for addressing the unexpected changes in plume appearance encountered at the Gen. James M. Gavin Power Plant last summer. The company will install three separate injection systems on Gavin´s 1,300-megawatt Unit 2 by May, the start of the 2002 ozone season. AEP estimates the capital investment for the installation will be approximately $7 million.
January 24, 2002
American Electric Power (NYSE: AEP) has named Jeffrey D. Cross its general counsel. Cross has served as acting general counsel since an executive management realignment last September.
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 (NYSE: AEP) Cook Nuclear Plant has joined Utilities Service Alliance (USA). USA serves as a platform for members to jointly pursue excellence in plant operations and volume purchasing opportunities for goods and services, and to share existing resources.
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.
January 8, 2002
Susan Tomasky, executive vice president - policy, finance and strategic planning and chief financial officer for American Electric Power (NYSE: AEP), has received international recognition for her industry and company achievements. Tomasky was named one of the world’s “50 key women in energy” by Commodities Now magazine.
January 8, 2002
AEP Energy Services Ltd., the London-based European wholesale energy marketing and trading subsidiary of American Electric Power (NYSE: AEP), has hired 35 former employees from Enron Nordic Energy and assumed operation of existing offices in Oslo, Norway, and Stockholm, Sweden.
January 3, 2002
A consolidated shareholder class action suit against American Electric Power (NYSE: AEP) concerning disclosures related to an extended outage at the company´s D.C. Cook Nuclear Plant was dismissed with prejudice in an order filed Dec. 26 by U.S. District Judge James Graham.
December 31, 2001
American Electric Power (NYSE: AEP) announced today that it has acquired the 160-megawatt Indian Mesa Wind Power Project from Enron Wind Corp. of California.
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 20, 2001
AEP Energy Services Ltd., the London-based European wholesale marketing and trading subsidiary of American Electric Power (NYSE: AEP), has named Steve Smith as director, environmental and regulator affairs for the UK and Europe.
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.
December 13, 2001
Thomas J. Kalb has joined American Electric Power (NYSE: AEP) in the new position of managing director, project finance - wholesale. He will oversee financing activities relating to AEP’s wholesale business unit.
December 12, 2001
AEP Energy Services Ltd., the London-based European wholesale energy marketing and trading subsidiary of American Electric Power (NYSE: AEP), has acquired existing contracts and hired key staff from the Enron international coal team.
December 10, 2001
American Electric Power (NYSE: AEP) and a world-class team of partners will conduct the first U.S. demonstration to test the combined power quality and peak shaving capabilities of the sodium sulfur (NAS) battery, an advanced electrical energy storage technology that promises vast improvements over conventional batteries.
November 30, 2001
American Electric Power (NYSE: AEP) has named Geoffrey S. Chatas to vice president - investor relations and corporate finance, effective Jan. 1, 2002.
November 30, 2001
American Electric Power (NYSE: AEP) said today that it has current counterparty exposure to Enron of less than $50 million. AEP took prudent measures in recent weeks to limit exposure.
November 20, 2001
American Electric Power (NYSE: AEP), the nation’s largest generator of electricity, made a significant foray into renewable energy with the completion of one of the nation’s largest wind farms, the first step toward strategic growth in renewable generation.
November 16, 2001
For the third time since 1997, the Wildlife Habitat Council has given the “thumbs up” sign to the wildlife habitat area at American Electric Power’s (NYSE: AEP) Gen. James M. Gavin Plant.
November 5, 2001
American Electric Power (AEP) forestry and line department personnel will be conducting aerial surveys of the company’s high-voltage power lines throughout Ohio and parts of West Virginia and Kentucky for the remainder of the year.
November 2, 2001
The Alliance Companies and The National Grid Group plc have signed a definitive Participation Agreement outlining how National Grid will manage the Alliance Transco, including investment of $1 billion in start-up and transmission acquisition costs. The agreement was filed Thursday with the Federal Energy Regulatory Commission (FERC). Pending two key FERC approvals, the definitive agreement provides that a wholly owned subsidiary of National Grid will serve as the Managing Member of the Alliance Transco.
November 2, 2001
American Electric Power (NYSE: AEP) has signed a lease for 92,000 square feet of office space under development in the Arena District in downtown Columbus.
November 1, 2001
American Electric Power (NYSE: AEP) announced today that it has completed its purchase of the stock of the MEMCO Barge Line Inc. from the Electric Fuels Corporation subsidiary of Progress Energy (NYSE: PGN).
October 31, 2001
American Electric Power (NYSE: AEP) announced Oct. 31 it has completed its acquisition of Quaker Coal Co. under terms approved by the U.S. Bankruptcy Court for the Eastern District of Kentucky.
October 29, 2001
AEP Pro Serv Inc., the non-regulated professional services subsidiary of Columbus, Ohio-based American Electric Power (NYSE: AEP), has been awarded a contract by the CPV Atlantic Project for the engineering, design, construction and project management of a 250-megawatt (mw) power plant in the City of Port St. Lucie, Fla. The scope of AEP Pro Serv´s work will also include start-up and commissioning of the combined cycle natural gas-fired facility.
October 25, 2001
A. Christopher Bakken III has been named senior vice president responsible for American Electric Power’s (NYSE: AEP) nuclear generation. Bakken is responsible for all aspects of AEP’s two-unit Cook Nuclear Plant in Bridgman, Mich., and oversight of AEP’s 25 percent ownership of the South Texas Project Electric Generating Station in Bay City, Texas.
October 25, 2001
C3 Networks (C3) announced Thursday the addition of James (Jim) Morris as manager of technical support for C3’s sales organization. Morris is well known as an industry innovator and has been involved in many recent leading edge products.
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 19, 2001
American Electric Power (NYSE: AEP) announced today that the U.S. Bankruptcy Court for the Eastern District of Kentucky has approved the company´s reorganization plan for the Quaker Coal Co. As a result, AEP will acquire substantially all the assets of Quaker in resolution of the Chapter 11 bankruptcy proceedings initiated by Quaker.
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) has scheduled a webcast of a special all-day meeting with financial analysts.
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).
October 5, 2001
American Electric Power, its employees and contractors today presented $600,000 to the American Red Cross for its Disaster Relief Fund for victims, families and others directly affected by terrorist attacks Sept. 11.
October 5, 2001
Mark W. Marano has been named president and chief executive officer of AEP Gas Power Systems, a recently formed joint venture of American Electric Power (NYSE: AEP) and G.A.S. Gas Capital Inc.
October 5, 2001
AEP Energy Services Inc., a subsidiary of American Electric Power (NYSE: AEP), has announced plans to establish a natural gas and power marketing office in Portland, Oregon.
September 28, 2001
American Electric Power (NYSE: AEP) has completed a two-year repowering project to boost generating capacity at its Northeastern Station (NES) generating plant in Oologah, Okla., about 30 miles northeast of Tulsa. NES is operated by AEP’s Public Service Company of Oklahoma (PSO).
September 28, 2001
Officials of American Electric Power (NYSE: AEP) said today the company has halted testing of a new emission control technology developed by Thermal Energy International Inc. (CDNX:TMG). The company concluded that - based on data that´s been collected from numerous tests to date - additional laboratory research will be required before the technology will be ready for a full-scale commercial launch.
September 28, 2001
American Electric Power announced today that it has realigned executive management to prepare for the planned separation of its regulated and unregulated businesses.
September 26, 2001
The Federal Energy Regulatory Commission, acting on a request by American Electric Power (NYSE: AEP), Wednesday agreed to appoint a settlement judge to help resolve issues related to the company’s request to separate its regulated and competitive businesses.
September 25, 2001
AEP Energy Services Inc., the energy trading and marketing subsidiary of American Electric Power (NYSE: AEP), has promoted two members of its senior staff to executive vice president. Paul D. Addis, president of AEP Energy Services and executive vice president of AEP, announced that Eric J. van der Walde, 39, and Steven A. Appelt, 42, were promoted in recognition of their contributions to the growth and development of AEP Energy Services.
September 25, 2001
American Electric Power (AEP) filed testimony Monday with the Public Utility Commission of Texas (PUCT) supporting a delay in retail competition until March 31, 2003, for areas of its Texas service territory within the Southwest Power Pool (SPP).
September 18, 2001
American Electric Power (NYSE: AEP) has promoted three senior staff members of its AEP Energy Services Inc. and Houston Pipe Line Company subsidiaries.
September 13, 2001
American Electric Power (NYSE: AEP) and G.A.S. Capital Inc. have formed a joint venture company, AEP Gas Power Systems, that will manufacture and market 1.2-megawatt gas turbine generators for use in co-generation, remote site, supplemental generation and backup applications.
September 4, 2001
Both of American Electric Power’s (NYSE: AEP) Cook Nuclear Plant units are projected to be back on-line by the end of September. Unit 1 will return first, with Unit 2 following about one week later.
August 30, 2001
American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 2 is reducing power this morning due to Lake Michigan silt intrusion into cooling water systems. It is expected the unit will be off line later today.
August 29, 2001
American Electric Power´s (NYSE: AEP) Mountaineer Plant at New Haven, W.Va., was one of eight businesses and industries to win one of the 2001 West Virginia Business Environmental Leadership Awards presented today at the West Virginia Business Summit held at the Greenbrier resort.
August 28, 2001
A business plan was filed Aug. 27 with the Federal Energy Regulatory Commission (FERC) that paves the way for creation of a for-profit, separately chartered transmission company - Alliance Transco. If accepted by the FERC, this would allow for establishment of the Alliance Regional Transmission Organization (Alliance RTO) as an entirely independent entity. The plan calls for National Grid USA to become Managing Member of Alliance Transco.
August 22, 2001
American Electric Power today filed documents with the Securities and Exchange Commission seeking approval for changes necessary to complete a planned restructuring of the corporation’s regulated and unregulated holdings.
August 22, 2001
American Electric Power (NYSE: AEP) today announced plans to construct a new emission control system on one unit of its Muskingum River generating station near the communities of Waterford and Beverly, Ohio.
August 15, 2001
David Harral has been named regional sales manager for C3 Networks, a Texas-based wholesale network service provider. Harral will lead C3’s southern region sales effort to supply interexchange carriers, competitive local exchange carriers, competitive access providers and similar businesses with high capacity network services.
August 14, 2001
The U.S. Fish & Wildlife Service’s (USFWS) Southeast Regional director today presented a conservation award to American Electric Power (NYSE: AEP) for the company’s 10,257-acre reforestation project near Catahoula National Wildlife Refuge (NWR) in Louisiana.
August 2, 2001
American Electric Power (NYSE: AEP) and Buckeye Power Inc. announced today their plans to construct new emission control systems at their jointly owned Cardinal Plant in Brilliant, Ohio.
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 18, 2001
The Trent Mesa Project, a wind-power generation facility under construction near Abilene, Texas, is being expanded to 150,000 kilowatts of production from 130,000 kilowatts under an agreement between TXU Corp. (NYSE: TXU), the buyer of Trent Mesa´s electricity output, and American Electric Power (NYSE: AEP), the builder, owner and operator of the facility.
July 11, 2001
American Electric Power (NYSE: AEP) has named Julio Reyes as its new Texas state president. Reyes fills the vacancy created when Alphonso Jackson became Deputy Secretary of Housing and Urban Development in the Bush administration.
July 5, 2001
Business opportunities in Argentina and Chile will be highlighted when American Electric Power (NYSE: AEP) sponsors a trade mission to those nations Oct. 8-12.
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.
July 2, 2001
CONSOL Energy Inc. (NYSE:CNX) has completed the purchase of American Electric Power´s (NYSE:AEP) affiliate mining companies in Ohio and West Virginia. As part of the agreement, AEP will enter into coal supply arrangements with CONSOL Energy to purchase approximately 34 million tons of coal from the affected mines and other CONSOL Energy affiliate mines through 2008.
July 2, 2001
Environmental achievements and activities during the past two years are the focus of a newly published summary report by American Electric Power (NYSE:AEP).
July 2, 2001
American Electric Power (NYSE: AEP) today reported the estimated amounts of 23 chemicals released to air, water and land in 2000 from 36 gas-, oil- and coal-fired power plants.
June 28, 2001
In a couple of years anglers should be able to catch redfish along with bass, crappie and catfish from the Coleto Creek reservoir in South Texas thanks to an effort initiated by American Electric Power (NYSE: AEP).
June 27, 2001
American Electric Power (NYSE: AEP), The Conservation Fund and the U.S. Department of the Interior’s Fish & Wildlife Service (USFWS) have joined forces to acquire, protect and restore a bottomland hardwood forest on 18,372 acres near Catahoula Lake in east central Louisiana, a major haven for migratory birds in the Mississippi delta.
June 26, 2001
AEP and the Ohio Department of Natural Resources (ODNR) Division of Wildlife (DOW) have entered into a partnership to encourage private property owners to develop wildlife habitats in transmission rights-of-way on their lands.
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.
June 1, 2001
Kentucky’s first school to install a solar electricity system as part of the U.S. Department of Energy’s Million Solar Roofs Initiative dedicated it today with a colorful fanfare of songs and distinguished speakers discussing energy and the system’s educational value.
June 1, 2001
Settlement of litigation involving the Dolet Hills lignite mine near Mansfield, La., will result in a new mine operator and a fuel cost reduction for customers of Southwestern Electric Power (SWEPCO), a subsidiary of American Electric Power (NYSE: AEP), and Cleco Corp. (NYSE: CNL).
June 1, 2001
American Electric Power (NYSE: AEP) announced today it has completed its purchase of the stock of Houston Pipe Line Company (HPL), an intrastate natural gas pipeline subsidiary of Enron Corp. (NYSE: ENE).
May 31, 2001
Companies interested in exploring business opportunities in Mexico are invited to participate in a trade mission that American Electric Power (NYSE: AEP) will sponsor Sept. 10-14.
May 31, 2001
American Electric Power (NYSE: AEP) formally dedicated its Miners’ Memorial Park, honoring the men and women who mined coal in southeastern Ohio.
May 23, 2001
The Lower Colorado River Authority (LCRA) and American Electric Power (NYSE: AEP) have announced a joint development agreement that will improve the capacity and reliability of electric transmission systems in South and West Texas.
May 21, 2001
Donald Wilborne Jr. has been named president of C3 Networks, a Texas-based telecommunications business affiliated with American Electric Power (NYSE: AEP).
May 11, 2001
American Electric Power (AEP) served as host Friday for the banding of the four peregrine falcon chicks that hatched last month in the nesting box on the roof of One Summit Square in Fort Wayne, Ind. The Department of Natural Resources (DNR) placed metal identification bands on the legs of the falcon chicks. The bands will help the DNR keep track of the young birds as they migrate late this summer or in the fall.
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.
May 4, 2001
American Electric Power (NYSE:AEP) has awarded educational scholarships to 34 graduating high school students who plan to enter college in the fall.
April 30, 2001
CONSOL Energy Inc. (NYSE:CNX) and American Electric Power (AEP) have entered into a memorandum of understanding regarding the proposed sale of AEP´s affiliate mines in Ohio and West Virginia to CONSOL Energy.
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.
April 17, 2001
American Electric Power (NYSE: AEP) is again offering FalconCam, an inside view of a peregrine falcon family atop the One Summit Square Building in Fort Wayne.
April 17, 2001
Datapult, LP announced today it will provide utility allocation and data mining services with analysis from Datapult’s Energy Analysts for two properties managed by Steiner + Associates, a leading developer and property management firm.
April 12, 2001
Excelergy Corporation, provider of the world’s most advanced software products and technologies for inter-company collaboration, and AEP Energy Services, the energy trading and marketing subsidiary of American Electric Power (NYSE:AEP), have signed an agreement to jointly develop software designed to manage wholesale electric businesses.
April 11, 2001
COLUMBUS, Ohio, April 11, 2001 – AEP Communications, LLC, a wholly owned subsidiary of American Electric Power (NYSE: AEP), announced the recent appointment of energy industry veteran William A. (Bill) Randle as managing director of Datapult, LP, an energy information, data collection and processing organization.
April 6, 2001
American Electric Power (NYSE: AEP) has filed a request with the Kentucky Public Service Commission for authority to install a new emission control system on Unit 2 of its Big Sandy generating plant near Louisa, Ky. The control system will reduce nitrogen oxide (NOx) emissions from the 800-megawatt unit by about 90 percent. When in operation, the controls are expected to produce an overall reduction in NOx emissions of between 6,800 and 7,600 tons each ozone season (May through September).
April 4, 2001
Melinda Ackerman has been appointed senior vice president of human resources at American Electric Power (NYSE:AEP), effective April 1.
March 29, 2001
Diane Fitzgerald has been appointed vice president of environmental affairs at American Electric Power (NYSE:AEP), effective April 1.
March 22, 2001
Engineers at American Electric Power’s (NYSE:AEP) research laboratory are testing a new stationary battery capable of storing large amounts of electrical energy for use during peak energy demand and for power quality applications. Such technology could provide relief from generation shortages and transmission constraints that lead to blackouts, curtailments and other power interruptions.
March 2, 2001
American Electric Power (NYSE: AEP) will lead students and teachers from Virginia, West Virginia, Kentucky and Ohio to a South American rain forest this summer in AEP’s Environmental Learning and Adventure in Bolivia (E-LAB) program.
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.
February 20, 2001
A federal judge today ruled against American Electric Power (NYSE: AEP) in its suit against the government over interest deductions claimed by the company relating to AEP’s corporate owned life insurance (COLI) program.
February 8, 2001
American Electric Power (NYSE: AEP) has agreed to sell its 500-megawatt Frontera power plant to TECO Power Services, a subsidiary of TECO Energy Inc. (NYSE: TE).
February 7, 2001
The first net metering customer of Columbus Southern Power Company (CSP) was made official recently when Robert Howard signed a contract formalizing the arrangement under Ohio’s new electric choice law. CSP, an operating company of American Electric Power (NYSE: AEP), serves more than 685,000 customers in central and southern Ohio.
January 29, 2001
American Electric Power (NYSE: AEP) today announced plans to begin construction on new emission control systems at two of its power plants in West Virginia. The controls will reduce nitrogen oxide (NOx) emissions on each affected generating unit by about 90 percent. When in operation, the controls are expected to produce an overall reduction in NOx emissions from the two units of approximately 20,000 tons per year.
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.
January 22, 2001
Officials of American Electric Power (NYSE: AEP) and The Dow Chemical Company (NYSE: DOW) have executed definitive agreements that will lead to the construction of a new, state-of-the-art cogeneration plant at Dow’s Plaquemine, La., chemical complex.
January 12, 2001
AEP will lay off 225 employees at its Windsor Coal Co. underground mine in West Liberty, W.Va., and 145 employees at its Central Ohio Coal Co. surface mine in Cumberland, Ohio, on or about March 15.
January 11, 2001
American Electric Power (NYSE: AEP) announced today that it has executed a definitive agreement under which AEP Energy Services Gas Holding Co., a wholly owned subsidiary of AEP, will acquire the stock of Houston Pipe Line Co. (HPL) from Enron Corp. (NYSE: ENE).
January 10, 2001
The role of technology in shaping the outcome of electricity restructuring is one of the topics attracting worldwide interest among engineers planning to attend a conference hosted later this month by American Electric Power (NYSE:AEP).
January 8, 2001
Thomas L. Hughes has joined American Electric Power (NYSE: AEP) as vice president – investor relations, effective today. He will be responsible for communicating AEP’s strategy and performance to the financial community, broadening the company’s investor base and participating in development of AEP’s business plans.
January 4, 2001
American Electric Power (NYSE: AEP) and Environmental Elements Corporation (AMEX: EEC) today announced that they have executed an agreement designed to provide additional support for the commercialization of EEC´s Ammonia on Demand (AOD) technology in the power generation market.
January 4, 2001
American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 1 reached 100 percent power at 9:40 a.m. Jan. 3.
December 26, 2000
Cook Nuclear Plant Unit 1 returned to service Dec. 21 for American Electric Power (NYSE: AEP).
December 19, 2000
Following an extensive engineering and technical review, and aided by recent technological developments, American Electric Power (NYSE: AEP) is changing the design of the selective catalytic reduction (SCR) system it will install at its Gen. James M. Gavin Plant at Cheshire, Ohio.
December 18, 2000
American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 1 began reactor operation, or startup, at 5 a.m. today. Startup is defined as a sustained nuclear fission chain reaction. Presently, the reactor is at less than 1 percent power.
December 15, 2000
Electric customers served by AEP’s operating company Ohio Power Company (OP) now have access to "price to compare" information. OP’s tariffs setting out its prices were recently approved by the Public Utilities Commission of Ohio (PUCO). The price to compare is the price a competitor must beat to save a customer money, and is a key piece of information for customers who are interested in shopping for an alternate electric supplier.
December 15, 2000
Electric customers served by AEP’s operating company Columbus Southern Power (CSP) now have access to "price to compare" information. CSP’s tariffs setting out its prices were recently approved by the Public Utilities Commission of Ohio (PUCO). The price to compare is the price a competitor must beat to save a customer money, and is a key piece of information for customers who are interested in shopping for an alternate electric supplier.
December 13, 2000
American Electric Power (NYSE: AEP) received authorization today from the Nuclear Regulatory Commission (NRC) to restart Cook Nuclear Plant Unit 1. This authorization and AEP’s continued good progress in restart activities make it possible Unit 1 could restart and reach full power before the end of the year.
December 4, 2000
The Digital Divide that separates developed and developing countries has been bridged for Bolivian villagers deep in the Amazon region thanks to the efforts of American Electric Power (NYSE: AEP) and a dozen private and public partners.
November 30, 2000
AEP Pro Serv, an engineering and construction management organization that is a subsidiary of American Electric Power (NYSE: AEP), has opened its first regional office -- AEP Pro Serv Northeast Region -- in Portland, Maine.
November 29, 2000
An engineering conference hosted next year by American Electric Power (NYSE:AEP) is expected to attract more than 1,500 participants worldwide and will feature a variety of exciting events for professionals and students.
November 27, 2000
AEP Retail Energy LLC is offering an alternative to Richmond-area electricity consumers: electricity generated from a 100% renewable fuel source.
November 22, 2000
Tropical rain forests in Bolivia will be the “classroom” in June 2001 for 10 students and teachers from high schools near five American Electric Power (NYSE:AEP) power plants in Virginia, West Virginia and Kentucky.
November 20, 2000
John A. Mazzone has been promoted to vice president - maintenance services for AEP Pro Serv Inc., a subsidiary of American Electric Power (NYSE:AEP), according to John R. Jones, president of AEP Pro Serv.
November 14, 2000
Thermal Energy International Inc. (CDNX: TMG) has announced that American Electric Power (NYSE:AEP), one of the largest U.S. energy providers, will finance the first commercial-scale demonstration of its THERMALONOx™ emission reduction system.
November 2, 2000
American Electric Power was recognized Nov. 2 for its advertising featuring wild animals and for protecting wild animals found in South America, Asia and Africa.
October 31, 2000
TXU Electric & Gas, a subsidiary of TXU (NYSE: TXU), and American Electric Power (NYSE: AEP) jointly announced today a new 130-megawatt wind power project.
October 30, 2000
American Electric Power (NYSE: AEP) is sharpening its focus on power generation and related wholesale markets.
October 26, 2000
Which state was last in solar power in 1997 and has vaulted to number 14 in the U.S.? If your final answer is Ohio, you are correct.
October 25, 2000
Jeff Tolnar has been appointed vice president – broadband initiatives for AEP Communications Inc., a wholly-owned non-regulated subsidiary of American Electric Power (NYSE:AEP), according to Donald M. Clements, executive vice president – corporate development for AEP and president - AEP Communications.
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.
October 24, 2000
Where only stumps stand as reminders of the American chestnut’s past glory in eastern U.S. hardwood forests, American Electric Power has agreed to help restore the “King of Trees.”
October 24, 2000
Fuel-Tech N.V. (NASDAQ: FTEK) today announced that AEP Pro Serv, Inc., a non-regulated subsidiary of American Electric Power (NYSE: AEP), will serve as Fuel Tech’s preferred supplier of engineering, design, construction management and procurement services for turnkey projects. Financial terms of the agreement were not disclosed.
October 18, 2000
American Electric Power (NYSE: AEP) and Fuel-Tech N.V. (NASDAQ: FTEK) today announced they have executed an agreement for the use of Fuel Tech’s Selective Non-Catalytic Reduction (SNCR) technology on AEP coal-fired power plants. SNCR technology can reduce nitrogen oxide (NOx) emissions from coal-fired boilers. These NOx reductions are necessary in order to meet deadlines established by new environmental regulations.
October 3, 2000
Officials at American Electric Power’s (NYSE: AEP) Cook Nuclear Plant told the Nuclear Regulatory Commission Sept. 27 Cook Unit 2 has operated reliably and safely since its June restart while Cook Unit 1 remains on schedule for restart in the first quarter of 2001.
September 29, 2000
The stipulated transition plan for American Electric Power (NYSE:AEP) was approved Sept. 28 by the Public Utilities Commission of Ohio. The approval clears the way for AEP’s Ohio customers to choose an alternate electric supplier, with service beginning as soon as Jan. 1.
September 21, 2000
American Electric Power Company (NYSE: AEP) and the Lower Colorado River Authority (LCRA) have announced the formation of an innovative partnership to construct a 150-mile portion of a proposed high-voltage power line in West Texas. The agreement between AEP and the LCRA calls for AEP to manage construction of the line, perform local field operations and maintain the line and related facilities. The LCRA will handle the construction financing and will own the project’s transmission assets.
August 25, 2000
An administrative law judge for the State Office of Administrative Hearings last week approved a request to increase on an interim basis the factors used by American Electric Power´s Central Power and Light (CPL) subsidiary to calculate the fuel charge portion of customer bills. The decision was issued in response to skyrocketing natural gas prices, which have increased over 100 percent during the first seven months of the year.
August 24, 2000
Skyrocketing natural gas prices have forced American Electric Power’s West Texas Utilities (AEP-WTU) to file a request with the Public Utility Commission of Texas (PUCT) to recover through a surcharge approximately $19.6 million in uncollected fuel costs and interest from retail customers. At the same time, WTU requested permission to increase fuel factors used to calculate the fuel charge portion of customer bills in order to recover a projected increase of $42.6 million in fuel costs that will be incurred to provide electric service in the future.
August 24, 2000
Skyrocketing natural gas prices have forced AEP-Central Power and Light (AEP-CPL) to file a request with the Public Utility Commission of Texas (PUCT) to recover through a surcharge of approximately $96.3 million in
uncollected fuel costs and interest from retail customers. At the same time, AEP-CPL requested permission to increase fuel factors used to calculate the fuel charge portion of customer bills in order to recover a projected
increase of $207.3 million in fuel costs that will be incurred to provide electric service in the future.
August 14, 2000
American Electric Power (NYSE:AEP) has found a way to further ease its reliance on landfills by recycling coal ash and scrubber residue into a material designed to replace concrete in construction projects.
August 1, 2000
HERNDON, Virginia & COLUMBUS, Ohio, Aug. 1, 2000 – On April 28, Twelvepole Creek, LLC, awarded AEP Pro ServSM, Inc. the contract for the engineering, design, construction and project management of a 550-megawatt (MW) power plant located in Ceredo, W.Va. On July 5, the project achieved a major milestone with Twelvepole issuing Pro Serv a “full order to proceed” with the construction of the facility.
July 27, 2000
AEP-Central Power and Light (AEP) and Comision Federal de Electricidad (CFE) today joined with ABB Power Systems and EPRI to dedicate a first-of-its-kind electrical tie using a new High-Voltage Direct-Current (HVDC) technology.
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.
July 26, 2000
Six of North America´s leading power and natural gas trading companies have entered into an agreement in principle to purchase an equity position in IntercontinentalExchange, creating the world´s largest on-line, over-the-counter (OTC) market for energy and metals.
July 24, 2000
In conjunction with the release of American Electric Power´s (NYSE: AEP) second quarter earnings, you are invited to listen to the company´s live Internet broadcast of its quarterly conference call with analysts.
July 24, 2000
American Electric Power (NYSE: AEP) has invested in Powerspan Corp., a privately held emerging technology company that is developing new environmental control technology for coal-fired power plants.
July 17, 2000
Washington, D.C. (July 17, 2000) Four leading energy companies are introducing an easier, faster way to reserve, schedule and move wholesale energy.
July 13, 2000
Gordon Martin has been named chief executive officer of America’s Fiber Network (AFN), a new, super-regional, high-speed fiber optics company.
July 12, 2000
Washington D.C., July 12, 2000 – InterGen and AEP Resources, a subsidiary of American Electric Power (NYSE: AEP), today announced the financial close of the $435 million credit facilities for the Bajio power plant, a 600 megawatt, natural gas-fired, combined cycle power facility. The build, own and operate facility is under construction near the municipality of San Luis de la Paz in the state of Guanajuato, approximately 160 miles from Mexico City.
July 6, 2000
BRIDGMAN, Mich., July 6, 2000 – American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 2 reached 100 percent power at 3:27 p.m., on Wednesday, July 5. The power ascension procedure included hold points at 30, 50, 80, and 90 percent power for system testing.
June 30, 2000
COLUMBUS, Ohio, June 30, 2000 -- American Electric Power (NYSE: AEP) today reported the estimated amount of certain chemicals that the company´s 16 coal-fired power plants released to land, air and water in 1999.
June 27, 2000
PLAQUEMINE, La., June 27, 2000 – Officials of The Dow Chemical Company (NYSE: DOW) and American Electric Power (NYSE: AEP) have signed a letter of intent that will lead to the construction of a new, state-of-the-art, cogeneration plant at Dow’s Plaquemine, La., chemical complex. The 900-megawatt, natural gas-fired power plant will provide electricity and steam to Dow´s Plaquemine facility. Construction of the $325 million plant is expected to begin in 2001 with start-up scheduled for 2002. The facility will be developed by AEP and operated by Dow.
June 26, 2000
BRIDGMAN, Mich., June 26, 2000 – American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 2 returned to service yesterday. At 4:16 a.m. Sunday, reactor operator Tim Brown closed the breaker and connected the electrical output of the generator to the AEP transmission grid. The reactor was operating at 9 percent power, and will begin a carefully controlled ascension to full power over the next five to seven days.
June 23, 2000
BRIDGMAN, Mich., June 23, 2000 – American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 2 entered Mode 2, or reactor start up, at 6:32 p.m. yesterday. Startup is defined as a sustained nuclear fission chain reaction and the reactor is at less than 1 percent power. There is no electrical power generated in this mode.
June 21, 2000
COLUMBUS, Ohio, June 21, 2000 – As the first component of an emerging environmental compliance plan that will address federal requirements to control nitrogen oxide (NOx) emissions, American Electric Power (NYSE: AEP) is beginning a $175 million project to install selective catalytic reduction (SCR) technology on its two-unit Gen. James M. Gavin plant near Cheshire, Ohio.
June 15, 2000
COLUMBUS, Ohio, June 15, 2000 – American Electric Power (NYSE: AEP) and Central and South West Corp. (NYSE: CSR) completed their merger today, creating a national leader in electricity generation, trading and distribution.
June 7, 2000
BRIDGMAN, Mich., June 7, 2000 – American Electric Power's (NYSE: AEP) Cook Nuclear Plant Unit 2 entered Mode 4, the reactor coolant system heat-up phase of the plant's return to service, Tuesday evening, according to company officials.
June 1, 2000
(The Woodlands, Texas, June 1, 2000) The consortium of 15 leading North American energy and utility companies formed earlier this year today announced the legal formation of Pantellos Corporation to operate and manage an open, independent Internet e-marketplace for the purchase of goods and services between the energy industry and its suppliers. To date, six additional companies have joined the original 15 members in the e-marketplace.
May 30, 2000
COLUMBUS, Ohio, May 30, 2000 – American Electric Power’s (NYSE:AEP) Going GlobalTM export assistance program and team of export specialists are ready to match industrial customers with trade partners in the United Kingdom.
May 16, 2000
COLUMBUS, Ohio, May 16, 2000 – American Electric Power (NYSE: AEP) has been awarded the Edison Electric Institute´s (EEI) top land management award for the company´s reclamation and forestry efforts in southeastern Ohio. AEP received the award during a gala reception Monday evening at EEI´s Natural Resources Conference in Indianapolis.
May 16, 2000
COLUMBUS, Ohio, May 16, 2000 – American Electric Power (NYSE: AEP) and merger partner Central and South West Corp. (NYSE: CSR) ranked among the top electric utilities in the annual American Customer Satisfaction Index announced this week.
May 15, 2000
MOUNDSVILLE, W.Va., May 15, 2000 -- West Virginia´s first school to install a solar electricity system dedicated it today in a colorful fanfare of songs and skits about the sun and speeches about the system´s educational value.
May 10, 2000
COLUMBUS, Ohio, May 10, 2000 – American Electric Power (NYSE: AEP) today moved to dismiss the vast majority of claims included in complaints filed against the company by the U.S. Environmental Protection Agency and several other parties. The challenged claims fall outside the five-year limitations period for bringing enforcement actions under the Clean Air Act.
May 9, 2000
COLUMBUS, Ohio, May 9, 2000 -- American Electric Power (NYSE:AEP) has agreed to share its 800 MHz radio system with MedFlight of Ohio, a critical care transport provider that offers helicopter, airplane and ground transportation between hospitals and from accident scenes.
May 8, 2000
COLUMBUS, Ohio, May 8, 2000 – Electric competition in Ohio moved closer to reality today as American Electric Power (NYSE: AEP) announced that the company has reached a stipulated agreement with major parties regarding its transition plan filed Dec. 30, 1999, with the Public Utilities Commission of Ohio (PUCO).
May 8, 2000
CUMBERLAND, Ohio, May 8, 2000 -- American Electric Power (NYSE: AEP) and the Ruffed Grouse Society today signed a partnership agreement to jointly enhance the environment for the ruffed grouse and other forest wildlife.
April 26, 2000
COLUMBUS, Ohio, April 26, 2000 – Despite disappointing financial results, 1999 was a year of solid achievements for American Electric Power (NYSE: AEP), according to E. Linn Draper Jr., AEP's chairman, president and chief executive officer.
April 26, 2000
WASHINGTON, D.C., April 26, 2000 -- American Electric Power (NYSE:AEP) has announced its support of two new research and development efforts that will focus attention on the technical feasibility and economic viability of new technologies to remove carbon dioxide from power plant stack emissions.
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.
April 20, 2000
COLUMBUS, Ohio, April 20, 2000 – American Electric Power (NYSE:AEP) is taking students and teachers from several central Ohio schools on an educational adventure in Bolivia to learn about preserving the environment.
April 19, 2000
COLUMBUS, Ohio, April 19, 2000 -- American Electric Power (NYSE:AEP) is helping customers learn about wind technology by installing small wind turbines and sharing real-time information about their operation and performance on its web site.
April 19, 2000
COLUMBUS, Ohio, April 19, 2000 – An educator at a suburban elementary school attributes a remarkable increase in students’ math and science proficiency test scores to the American Electric Power (NYSE:AEP) solar education Internet-based program.
April 18, 2000
BRIDGMAN, Mich., April 18, 2000 – Workers completed refueling the reactor at American Electric Power’s (NYSE:AEP) Cook Nuclear Plant Unit 2 on April 14. The last of the 193 fuel assemblies was placed in the reactor core at 5:27 a.m.
April 18, 2000
Columbus, Ohio, and Dallas, April 18, 2000 -- American Electric Power (NYSE:AEP) has named Floyd Nickerson to the position of state president – Ohio. He is currently vice president – corporate resources for CSW Energy/International.
April 18, 2000
FT. WAYNE, Ind., April 18, 2000 – A peregrine falcon couple adopted by American Electric Power (NYSE:AEP) have returned to their nesting box and are awaiting the arrival of four new offspring at their on-line home atop an AEP office building.
April 13, 2000
KANSAS CITY, MO, April 13, 2000 - Six of the largest gas and electricity marketers in the U.S. today announced they have formed a new independent energy trading consortium, which will own and operate an Internet-based, business-to-business, over-the-counter energy trading platform. The new trading platform is expected to be in operation by the end of the year and will be open to all wholesale energy industry participants.
April 11, 2000
BRIDGMAN, Mich., April 11, 2000 – Yesterday, workers began refueling the reactor at American Electric Power’s (NYSE:AEP) Cook Nuclear Plant Unit 2. The first of the 193 fuel assemblies was placed in the reactor core at 2:59 p.m. Movement of the fuel assemblies routinely takes several days to complete.
April 7, 2000
Near ZANESVILLE, Ohio, April 6, 2000 – Before a backdrop of gently rolling hills of former mine land dotted with young trees, American Electric Power (NYSE: AEP) planted the final tree in its 5-year, 15-million tree commitment to the U.S. Department of Energy’s Climate Challenge project.
April 4, 2000
Columbus, Ohio, and Dallas, April 4, 2000 -- American Electric Power (NYSE: AEP) and Central and South West Corp. (NYSE: CSR) submitted a compliance filing to the Federal Energy Regulatory Commission (FERC) late Friday. The filing outlines the companies' plans to comply with conditions placed on the merger in the commission's March 15 conditional approval.
March 30, 2000
More than 30 leading corporations and environmental groups announced today the formation of a new initiative for the 21st century.
March 29, 2000
A consortium of 15 leading U.S. electric and gas companies plans to launch an Internet marketplace for the purchase of goods and services between the energy industry and its suppliers this year.
March 22, 2000
Columbus, Ohio, and Dallas, March 22, 2000 -- American Electric Power (NYSE:AEP) has reorganized its existing power generation group into a new operations and technical services organization.
March 21, 2000
WASHINGTON, D.C., March 21, 2000 — Six energy and telecommunications companies today announced the creation of America's Fiber Network LLC, a new super-regional, high-speed fiber optics company with a network of more than 7,000 route miles, or 140,000 fiber miles, connecting major markets in the eastern United States to secondary markets with a growing need for broadband access.
March 17, 2000
Columbus, Ohio, and Dallas, March 17, 2000 -- Paul J. Brower, general manager and president of West Texas Utilities Co., has been named to the newly created position of Michigan president for American Electric Power (NYSE:AEP), according to William J. Lhota, executive vice president.
March 15, 2000
Columbus, Ohio, and Dallas, March 15, 2000 -- The pending merger of American Electric Power (NYSE: AEP) and Central and South West Corp. (NYSE: CSR) took a significant step toward completion today when the Federal Energy Regulatory Commission (FERC) voted to conditionally approve the merger.
March 15, 2000
COLUMBUS, Ohio, March 13, 2000 -- American Electric Power (NYSE:AEP) has announced the senior staff who will direct corporate development activities following completion of a merger with Central and South West Corp. (NYSE:CSR).
February 29, 2000
COLUMBUS, Ohio, Feb. 28, 2000 -- American Electric Power (NYSE: AEP) was recently recognized as one of the nation’s first companies to receive certification for practicing sustainable forestry by the American Tree Farm System. The company was also honored as Ohio’s “Tree Farmer of the Year” by the Ohio Tree Farm Committee.
February 25, 2000
COLUMBUS, Ohio, Feb. 24, 2000 – American Electric Power (NYSE:AEP) said today that issues encountered during testing of equipment necessary for core reload and power operations of its Cook Unit 2 nuclear plant will cause a three-week delay in the planned April 1 restart. The testing process continues and may still encounter additional items that could extend the delay, the company said.
February 21, 2000
HAMPTON, N.H. and COLUMBUS, Ohio, Feb. 21, 2000 -– Unitil Corporation (AMEX: UTL) and AEP Communications, LLC, a subsidiary of American Electric Power (NYSE: AEP), today announced an agreement for deployment of DatapultSM load profile metering and energy information services through the Usource Internet-based energy marketplace.
February 10, 2000
New York, Feb. 10, 2000 -- As American Electric Power (NYSE: AEP) nears the completion of its merger with Central and South West Corporation (NYSE: CSR), the company is positioned for success, according to E. Linn Draper Jr., AEP chairman, president and chief executive officer.
February 9, 2000
Columbus, Ohio, and Dallas, Feb. 9, 2000 -- Senior management positions have been named as American Electric Power (NYSE: AEP) and Central and South West Corporation (NYSE: CSR) continue to build the company to be created upon completion of their pending merger, expected in the spring.
February 8, 2000
Columbus, Ohio, and Dallas, Feb. 8, 2000 -- American Electric Power (NYSE: AEP) Chairman E. Linn Draper Jr. today announced Thomas V. Shockley III, president and chief operating officer, Central and South West Corp. (NYSE: CSR), Dallas, will become vice chairman of AEP, and named his executive management team, pending approval of the companies´ merger this spring.
February 7, 2000
COLUMBUS, Ohio, and BUTTE, Mont., Feb. 7, 2000 -- The telecommunications subsidiaries of two energy companies have formed American Fiber Touch LLC, to connect national and regional fiber-optic networks.
February 3, 2000
BRIDGMAN, Mich., Feb. 3, 2000 – The Nuclear Regulatory Commission (NRC) has informed American Electric Power (AEP:NYSE) that the Confirmatory Action Letter (CAL) concerning the Cook Nuclear Plant has been closed. The notification came in a Feb. 2 letter signed by James Dyer, NRC Region III Administrator.
February 2, 2000
Columbus, Ohio, and Dallas, Feb. 2, 2000 -- The pending merger of American Electric Power (NYSE: AEP) and Central and South West Corp. (NYSE: CSR) has received antitrust clearance from the Department of Justice, the companies announced today.
January 31, 2000
COLUMBUS, Ohio, Jan. 31, 2000 – Susan Tomasky, general counsel and senior vice president - legal for American Electric Power (NYSE: AEP), has been elected executive vice president by the company's board of directors, according to E. Linn Draper Jr., AEP chairman, president and chief executive officer.
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 (NYSE:AEP) is sending 78 two-man crews, 18 supervisors and four transportation mechanics to North and South Carolina to assist Duke Power in restoring electric power to its customers.
January 25, 2000
Columbus, Ohio, and Dallas, Jan. 25, 2000 -- The United Kingdom's Department of Trade and Industry (DTI) today gave its approval to the common ownership of UK interests resulting from the pending merger of American Electric Power (NYSE: AEP) and Central and South West Corp. (NYSE: CSR). This approval was conditional on the companies agreeing to certain assurances concerning operation of the UK interests.
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.
January 13, 2000
Rancho Mirage, CA (January 13) – In recognition of its exemplary efforts to respond to some of the worst local storms on record, American Electric Power (AEP) today was named a winner of the Edison Electric Institute’s Emergency Assistance Award. AEP is among five electric utilities named as winners of the annual award.
January 11, 2000
COLUMBUS, Ohio, Jan. 10, 2000 -- American Electric Power (NYSE:AEP) and several other utilities have been recognized by Theodore Roosevelt IV and the U.S. Fish and Wildlife Service for planting trees on refuges in the lower Mississippi River region.
January 6, 2000
COLUMBUS, Ohio, Jan. 6, 2000 – AEP Resources Inc., a subsidiary of American Electric Power (NYSE: AEP), has acquired a 50 percent share of the Bajio Power Project from InterGen.
January 4, 2000
COLUMBUS, Ohio, Jan. 4, 2000 -- Nicholas J. Ashooh has been named senior vice president of corporate communications for American Electric Power (NYSE: AEP) effective Jan. 17. He succeeds Luke Feck, who will retire Feb. 1.
January 1, 2000
COLUMBUS, Ohio, Jan. 1, 2000 – As 1999 turned to 2000, American Electric Power (NYSE:AEP) experienced no problems related to Y2K and the electric utility’s operations are proceeding as normal.
December 31, 1999
COLUMBUS, Ohio, Dec. 31, 1999 -- Three years and more than $44 million after American Electric Power (NYSE:AEP) began readying itself for Y2K, the electric utility is confident it has adequately prepared for the dawning of the new year.
December 30, 1999
COLUMBUS, Ohio, Dec. 30, 1999 – American Electric Power (NYSE: AEP), on behalf of its subsidiaries Columbus Southern Power Company and Ohio Power Company, today filed the restructuring transition plan required by Am. Sub. S.B. 3. The filing, more than 3,000 pages in length, provides details on the companies' proposed rate unbundling, corporate separation, operational support, employee assistance and consumer education plans.
The filing also includes a request to recover transition costs and a proposal for independent operation of transmission facilities.
December 17, 1999
FORT WAYNE, Dec. 17, 1999 — The Michigan Public Service Commission (MPSC) yesterday approved American Electric Power's (NYSE: AEP) Settlement Agreement with the MPSC Staff in its Michigan Power Supply Cost Recovery (PSCR) cases.
December 17, 1999
Columbus, Ohio, and Dallas, Dec.16, 1999 -- The Michigan Public Service Commission (MPSC) approved a Settlement Agreement with American Electric Power (NYSE: AEP) today related to the pending merger of AEP and Central and South West Corporation (NYSE: CSR).
December 17, 1999
Columbus, Ohio, and Dallas, Dec. 16, 1999 -- American Electric Power (NYSE: AEP) and Central and South West Corp. (NYSE: CSR) have mutually agreed to amend the agreement for the pending merger of the two companies to extend its term. This will allow additional time to satisfy the closing conditions contained in the agreement.
December 9, 1999
La Jolla, California, SGI International December 6, 1999 -- (OTCBB: SGII) SGI International (SGII) and American Electric Power (NYSE: AEP) have agreed to transport by rail SGII’s upgraded coal from its ENCOAL Demonstration Plant (which SGII is acquiring) located near Gillette, Wyoming to AEP’s Cook Coal Terminal at Metropolis, Illinois, for barge delivery to various SGII customers. Shipments are expected to begin next year and continue through at least 2004.
December 8, 1999
ORLANDO, Fla. - A framework for cooperation between regional transmission organizations (RTOs) was outlined today by the Alliance.
December 7, 1999
COLUMBUS, Ohio, Dec. 7, 1999 – A decision announced today by Vermont´s attorney general to intervene in existing litigation against power plants owned by American Electric Power (NYSE: AEP) ignores regulatory and scientific facts, according to Dale Heydlauff, AEP´s vice president - environmental affairs.
December 6, 1999
COLUMBUS, Ohio, Dec. 6, 1999 -- Residents planning to use portable fuel-burning generators during the winter should carefully follow the manufacturer’s instructions to guard against injury, according to American Electric Power (NYSE:AEP).
December 3, 1999
COLUMBUS, Ohio, Dec. 3, 1999 – A lawsuit announced today by New Jersey´s attorney general against power plants owned by American Electric Power (NYSE: AEP) is another attempt by a Northeast state to avoid implementing potentially costly local emissions controls by blaming their air quality problems on sources in the Midwest, according to Dale Heydlauff, AEP´s vice president - environmental affairs.
November 29, 1999
COLUMBUS, Ohio, Nov. 29, 1999 – A lawsuit filed today by attorneys general in New York and Connecticut against power plants owned by American Electric Power (NYSE: AEP) is the latest attempt by Northeast states to blame their air quality problems on sources in the Midwest instead of adequately addressing local emissions, according to Dale Heydlauff, AEP´s vice president - environmental affairs.
November 23, 1999
Columbus, Ohio, and Dallas, Nov. 23, 1999 -- The pending merger between American Electric Power (NYSE: AEP) and Central and South West Corp. (NYSE: CSR) was found to be in the public interest by Judge Joseph R. Nacy, the administrative law judge who presided over the Federal Energy Regulatory Commission (FERC) merger hearing.
November 23, 1999
Columbus, Ohio and Dallas, Nov. 23, 1999 -- Cinergy Services Inc. and Commonwealth Edison Co. have informed the Federal Energy Regulatory Commission (FERC) that they are no longer opposing the pending merger between American Electric Power (NYSE: AEP) and Central and South West Corp. (NYSE: CSR).
November 19, 1999
COLUMBUS, Ohio, Nov. 18, 1999 -- Andrew Varley, 64, senior vice president for energy pricing and regulatory services, today announced he will retire from American Electric Power, effective Dec. 1. A successor has not yet been named.
November 17, 1999
WARRENTON, Va., Nov. 17, 1999 -- American Electric Power (NYSE: AEP) has earned an Excellence Award, presented by the U.S. Environmental Protection Agency, for the company’s leadership in promoting environmentally-sensitive vegetative management practices in its power line rights-of-way.
November 11, 1999
LANCASTER, Ohio (November 10, 1999) -- The Pittsburgh Coal Mining Institute of America (PCMIA) recently honored Hugh H. "Luke" Lucas, vice president-mining operations, American Electric Power (NYSE: AEP), with its Donald S. Kingery Memorial Award. The award recognizes an individual who has contributed significantly to the improvement of mine safety and health during his or her career in the coal industry.
November 5, 1999
Columbus, Ohio and Dallas, Texas (November 5, 1999) – The Public Utility Commission of Texas (PUCT) on Thursday unanimously approved the application by American Electric Power Company, Inc, (NYSE: AEP) and Central and South West Corporation (NYSE: CSR) for approval of the pending merger between the two companies.
November 4, 1999
COLUMBUS, Ohio, Nov. 4, 1999 -- Plans to phase out marketing and promotional programs related to electric technologies in its regulated business unit were announced today by American Electric Power (NYSE:AEP). This will result in the reorganization of the consumer services department and the elimination of an estimated 168 jobs across AEP´s seven-state service territory by June.
November 3, 1999
COLUMBUS, Ohio, Nov. 3, 1999 – Enforcement actions against American Electric Power (NYSE: AEP) and seven other electric utilities by the Environmental Protection Agency and Department of Justice are "without merit and take decades of industry maintenance and repair practices previously deemed acceptable by EPA and retroactively converts them to unlawful activities," according to Dale Heydlauff, AEP´s vice president - environmental affairs.
November 2, 1999
Columbus, Ohio and Dallas, Texas (Nov. 2, 1999) --
American Municipal Power-Ohio (AMP-Ohio) will notify the Federal Energy Regulatory Commission (FERC) that it is no longer opposing the pending merger between American Electric Power (NYSE: AEP) and Central and South West Corp. (NYSE: CSR).
October 26, 1999
COLUMBUS, Ohio, Oct. 26, 1999 – A memorial to honor the men and women who mined coal in southeastern Ohio will be built in a popular public recreational area on a reclaimed surface mine, according to American Electric Power (NYSE: AEP).
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.
October 25, 1999
COLUMBUS, Ohio, Oct. 25, 1999 -- American Electric Power (NYSE:AEP) wants to help its industrial customers become globally competitive in the new year by introducing them to dynamic foreign markets.
October 22, 1999
Columbus, Ohio and Dallas, Texas (Oct. 22, 1999) -- The Public Utility Commission of Ohio (PUCO) will notify the Federal Energy Regulatory Commission (FERC) that the PUCO is no longer opposing American Electric Power’s (NYSE: AEP) pending merger with Central and South West Corp. (NYSE: CSR) or seeking conditions on the merger.
March 25, 1998
U.S. EPA Recognizes AEP for Pollution
Prevention Through Energy Efficiency
January 12, 1998
American Electric Power (NYSE:AEP) and some of its industrial customers will travel to Mexico in January for Ecologia ´98, an international trade show featuring equipment and services to help control the country´s severe pollution.
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