December 26, 2013
AEP Receives All Necessary Approvals To Complete Separation of Its Ohio Assets
AEP has received all necessary approvals to separate its AEP Ohio-owned generation assets from its Ohio distribution and transmission operations and complete transfer of that generation to AEP's competitive generation company - AEP Generation Resources Inc. - and regulated affiliates Appalachian Power and Kentucky Power.
December 10, 2013
AEP Board Elects Akins Chairman
The Board of Directors of American Electric Power elected Nicholas K. Akins chairman of the board, effective Jan. 1, 2014.
November 20, 2013
AEP Subsidiary Indiana Michigan Power To Redeem Senior Notes
Indiana Michigan Power Company, a public utility subsidiary of American Electric Power, announced that on Dec. 20, 2013, it will redeem the entire outstanding $175 million principal amount of its 5.05 percent Senior Notes, Series F, due 2014.
October 22, 2013
AEP Increases Quarterly Dividend To 50 Cents A Share
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 50 cents a share on the company's common stock, increasing the dividend 2 percent from the previous 49 cents a share.
September 17, 2013
AEP To Retire Entire Tanners Creek Plant In Indiana
AEP operating unit Indiana Michigan Power today announced that it will retire the 500-megawatt (MW) coal-fueled Tanners Creek 4 generating unit in Lawrenceburg, Ind., along with the other generating units at the plant.
August 26, 2013
AEP Energy Launches Enhanced Website
AEP Energy, a competitive retail electric service provider, recently launched a new, enhanced version of its website at aepenergy.com.
July 22, 2013
AEP Subsidiary Ohio Power To Redeem Senior Notes
Ohio Power Company, a public utility subsidiary of American Electric Power, today announced that on Aug. 12, 2013, it will redeem the entire outstanding $225 million principal amount of its 6.375 percent Senior Notes, Series I, due 2033.
June 10, 2013
PSO Issues RFP for Renewable Energy Resources
American Electric Power subsidiary Public Service Company of Oklahoma (PSO) today issued a request for proposals (RFP) seeking long-term purchases of up to 200 megawatts (MW) of new wind energy resources.
June 10, 2013
American Electric Power Awarded EEI's 2013 Edison Award
AEP received Edison Electric Institute's (EEI's) 2013 Edison Award, the electric power industry's most prestigious honor, for the company's completion and commercial operation of the John W. Turk, Jr. Power Plant located in Hempstead County, Ark.
May 1, 2013
AEP Receives FERC Approvals To Transfer Ohio Generating Assets
AEP received approval from the Federal Energy Regulatory Commission (FERC) to separate its Ohio generating assets from its Ohio distribution and transmission operations and transfer these assets to a competitive generation company and regulated affiliates. AEP is awaiting FERC approval of additional transactional agreements between AEP affiliates.
April 26, 2013
AEP Reports 2013 First-Quarter Earnings
- First-quarter earnings: $0.75 per share GAAP and $0.80 per share operating; difference due to a change in Virginia law and restructuring charge
- Quarterly dividend increased 4.3 percent April 23 to $0.49 per share
- Strong residential and commercial load; industrial load remains challenged
- Disciplined cost controls and process improvements
April 23, 2013
AEP Increases Quarterly Dividend To 49 Cents A Share
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 49 cents a share on the company's common stock, increasing the dividend 4.3 percent from the previous 47 cents a share. AEP last increased its dividend in October 2011.
March 18, 2013
American Electric Power Seeks Bids For Compliance Coal
AEP is seeking spot-coal delivery proposals for 20,000 tons per month for five months beginning May 1. In addition to the base tonnage, AEP is seeking a monthly option of 10,000 tons per month during the term, delivered by rail and/or barge.
February 15, 2013
AEP Reports 2012 Fourth-Quarter and Year-End Earnings
- Fourth-quarter earnings $0.05 per share GAAP and $0.50 per share operating; difference primarily due to Ohio plant impairments and restructuring charges
- 2012 year-end earnings $2.60 per share GAAP and $3.09 per share operating
- Continued discipline around controlling costs
- John W. Turk Jr. coal-fueled generation plant on line in December 2012
January 22, 2013
AEP Names Richard To Board Of Directors
Oliver G. "Rick" Richard III, former chairman, president and chief executive officer of Columbia Energy Group, has been elected to the American Electric Power Board of Directors.
January 10, 2013
AEP Honored For Disaster Assistance And Response
American Electric Power and its utility subsidiaries were honored today by the Edison Electric Institute (EEI) for their efforts to restore power and assist other electric utilities in restoring power following two severe weather events in 2012. EEI is the association of shareholder-owned electric utility companies.