| 6/23/2008 | AEP River Operation grows in Cape Giradeau 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. |
| 6/11/2008 | AEP names McCellon-Allen EVP-AEP Utilities West to replace Tom Hagan after retirement Chodak, Patton, Vegas named to new positions by AEP 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. |
| 6/2/2008 | AEP selects Munczinski to head shared services organization; Dieck to lead corporate planning and budgeting group 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. |
| 5/28/2008 | AEP´s Ohio operating unit issues RFP for renewable energy resources 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. |
| 5/28/2008 | Working Mother Magazine honors AEP as one of the best companies for multicultural women 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. |
| 5/23/2008 | Remarks by AEP´s CFO at Deutsche Bank Conference May 29 to be webcast 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. |
| 5/20/2008 | American Electric Power seeks low-sulfur coal offers American Electric Power (NYSE: AEP) announced today that its American Electric Power Service Corp. (AEPSC) subsidiary is seeking offers for the supply of low-sulfur coal to one or more of its generating stations. |
| 5/19/2008 | AEP’S ETA Transmission venture joins with Westar Energy to build 765-kV transmission in Kansas 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. |
| 5/15/2008 | PSO Issues RFP For Long-term Generation Resources 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. |
| 5/15/2008 | PSO files to increase fuel factor, provides notice for rate case 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. |
| 5/12/2008 | AEP dedicates new transmission operations center Facility will ensure compliance with reliability mandates and recommendations 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. |
| 5/9/2008 | Panels Featuring AEP´s CFO At Goldman Sachs Event May 13-14 To Be Webcast 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. |
| 4/24/2008 | AEP reports first-quarter earnings
- 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
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| 4/23/2008 | LPSC approves SWEPCO formula rate plan 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. |
| 4/23/2008 | AEP Corporate Sustainability Report outlines challenges, performace on key issues 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. |
| 4/22/2008 | American Electric Power declares quarterly dividend on common stock 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. |
| 4/22/2008 | AEP focused on investment to fuel growth Morris tells shareholders at annual meeting 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. |
| 4/18/2008 | AEP SWEPCO utility isses RFP for renewable energy resources 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. |
| 4/18/2008 | AEP schedules live webcast of quarterly earnings call 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. |
| 4/16/2008 | AEP Plans Live Webcast Of Annual Meeting Of Shareholders 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. |
| 4/4/2008 | Remarks by AEP´s CFO April 10 at Midwest Utilities Seminar to be webcast 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. |
| 4/3/2008 | LPSC Staff, SWEPCO agree on Louisiana formula rate plan 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. |
| 4/1/2008 | AEP utility Appalachian Power issues RFP for renewable energy resources 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. |
| 3/28/2008 | Remarks by AEP´s CEO April 3 at Morgan Stanley event to be webcast 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. |
| 3/26/2008 | AEP´s Cook Unit 1 refueling begins following record generation 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. |
| 3/25/2008 | AEP SWEPCO Receives Louisiana Commission Approval to Build 600-MW Coal-Fueled Plant 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. |
| 3/14/2008 | AEP responds to Ohio Supreme Court IGCC Decision 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. |
| 3/12/2008 | American Electric Power announces internet availability of 2008 Annual Meeting proxy materials New SEC Notice and Access rule will help further company’s sustainability efforts 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. |
| 3/11/2008 | American Electric Power seeks high-sulfur coal offers American Electric Power (NYSE: AEP) announced today that its American Electric Power Service Corp. (AEPSC) subsidiary is seeking offers for the supply of high-sulfur coal to one or more of its generating stations. |
| 3/7/2008 | AEP receives approval to build IGCC plant from WV PSC 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. |
| 3/3/2008 | AEP transmission venture with Allegheny receives approval for transmission incentives from FERC 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. |
| 2/22/2008 | AEP sells four inactive plant sites in Texas 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. |
| 2/20/2008 | AEP named one of ´100 best corporate citizens´ by Corporate Responsibility Officer magazine American Electric Power (NYSE: AEP) has been named one of the “100 best corporate citizens” for 2008 by CRO (Corporate Responsibility Officer) magazine. |
| 2/13/2008 | AEP´s CEO to lead exchange about energy´s future with students on six campuses 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. |
| 2/6/2008 | AEP names Mark McCullough to head Fossil and Hydro Generation 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. |
| 1/31/2008 | American Electric Power seeks low-sulfur coal offers American Electric Power (NYSE: AEP) announced today that its American Electric Power Service Corp. (AEPSC) subsidiary is seeking offers for the supply of low-sulfur coal to one or more of its generating stations. |
| 1/31/2008 | Remarks by AEP´s CFO at Credit Suisse Energy Summit to be webast 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. |
| 1/29/2008 | AEP earnings increase for fourth quarter, year; company hikes 2008 ongoing earnings guidance range
- 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
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| 1/28/2008 | AEP River Operations purchases or leases B&H Towing assets 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. |
| 1/23/2008 | American Electric Power declares quarterly dividend on common stock 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. |
| 1/23/2008 | AEP schedules live webcast of quarterly earnings call 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. |
| 1/17/2008 | AEP construction program largest in the industry, second largest in the nation New emissions-reduction equipment and power generation brought on line in 2007 extend the environmental life of low-cost, coal-fueled generation and boost local economies
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.
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| 1/9/2008 | AEP earns industry awards for emergency assistance, power restoration 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. |
| 12/28/2007 | AEP transmission venture with Allegheny files to establish FERC rate for PATH transmission project 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. |
| 12/21/2007 | AEP, MidAmerican Texas Transmission Joint Venture begins operation 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). |
| 12/14/2007 | AEP announces organizational, executive leadership changes 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. |
| 12/13/2007 | AEP names Hoaglin to board of directors 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. |
| 12/11/2007 | AEP represents the United States in international project to achieve a sustainable eletricity future WBCSD Electricity Utilities Sector Project launched report “Powering a Sustainable Future” today at the United Nations Climate Change conference in Bali
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. |
| 11/8/2007 | AEP recognized as military-friendly employer for fifth consecutive year 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. |
| 11/8/2007 | RWE to join AEP in validation of carbon capture technology 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. |
| 10/31/2007 | AEP announces live webcast of presentation at EEI event 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. |
| 10/24/2007 | AEP reports 2007 third-quarter earnings
- 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
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| 10/23/2007 | American Electric Power increases quarterly dividend on common stock 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. |
| 10/19/2007 | AEP schedules live webcast of quarterly earnings call American Electric Power has scheduled its quarterly earnings conference call with financial analysts for 10 a.m. EDT Wednesday, Oct. 24. |
| 10/18/2007 | PUCT approves AEP Texas Central Company request to increase rates charged to Retail Electric Providers 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. |
| 10/18/2007 | AEP acquires land for expansion of Lakin, W.Va., river operations center 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. |
| 10/17/2007 | AEP names Michael Rencheck to lead Cook Nuclear Plant 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. |
| 10/16/2007 | AEP, SemGreen sign MOU for delivery, use of C02 captured from Oklahoma plant Agreement an important step toward taking carbon capture to commercial scale 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. |
| 10/9/2007 | AEP reaches settlement agreement in NSR case 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. |
| 10/4/2007 | AEP to recommend increase in dividend, boost long-term growth forecast 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. |
| 10/4/2007 | AEP, GE Energy will pursue development, integration, deployment of enhanced energy delivery, advanced metering technologies 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 |
| 10/1/2007 | AEP completes sale of interest in Texas cogen to ConocoPhillips 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. |
| 9/28/2007 | AEP Announces Webcast Of Presentations At Analyst And Investor Meeting Oct. 4 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. |
| 9/28/2007 | AEP announces five-year commitment to invest in green buildings, green space, and environmental education as part of Clinton global initiative 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. |
| 9/25/2007 | National publication again names AEP one of Best Companies for Working Mothers 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. |
| 9/24/2007 | AEP completes second wind energy purchase in its eastern states for Appalachian Power customers Purchase is part of a larger plan to add 1,000 megawatts of new wind energy by 2011 to address greenhouse gas emissions 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. |
| 9/20/2007 | AEP, ABB form alliance to develop advanced technologies for extra-high voltage transmission American Electric Power and ABB have entered into an alliance to develop advanced technologies to enhance 765-kilovolt (kV) extra-high voltage transmission. |
| 9/20/2007 | Remarks by AEP´s CEO at Merrill Lynch Conference Sept. 26 to be webcast 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. |
| 9/19/2007 | AEP completes purchase of Dresden plant 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. |
| 9/18/2007 | AEP, MidAmerican announce second joint venture to build transmission Companies plan to invest in transmission projects outside of ERCOT, part of AEP strategy to expand its transmission business 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). |
| 9/17/2007 | AEP’s Cook Unit 2 refueling begins following record performance; $70 million in capital improvement projects to be completed 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. |
| 9/14/2007 | AEP, ITC complete extra-high voltage transmission study Companies recommend 700 miles of new, extra-high voltage transmission linking Ohio to Michigan to enhance reliability, and support a more efficient generation market, including making better use of existing generation
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. |
| 9/11/2007 | AEP to deploy additional large-scale batteries on distribution grid Installations will boost reliability, integrate wind generation, prepare for future; new batteries a step toward AEP’s goal of 1,000 megawatts of advanced storage 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.
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| 9/10/2007 | OCC Denies Application for Red Rock Power Plant 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. |
| 8/30/2007 | AEP first electric utility to join program to help suppliers become more competitive, environmentally responsible 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. |
| 8/30/2007 | Remarks by AEP´s CFO at Lehman Brothers conference to be webcast Sept.5 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. |
| 8/23/2007 | AEP and Allegheny formalize joint venture to build transmission line 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. |
| 8/21/2007 | AEP to sell interest in Texas cogen to ConocoPhillips 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. |
| 8/16/2007 | AEP supports competitive generation supply plan in Ohio AEP Ohio utility unit files as intervenor in support of bidding process for competitively priced generation post-2008
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. |
| 8/10/2007 | Remarks by AEP’s CEO at Aug. 16 analyst forum to be webcast 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. |
| 8/8/2007 | AEP agrees to purchase gas-fired power plant under construction in Ohio from Dominion 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. |
| 8/8/2007 | AEP completes first wind energy purchases in its eastern states for customers of Appalachian Power, Indiana Michigan Power utility units Part of a larger plan to add 1,000 megawatts of new wind energy by 2011 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. |
| 8/6/2007 | American Electric Power seeks bids for high-sulfur coal American Electric Power’s (NYSE:AEP) American Electric Power Service Corp. (AEPSC) subsidiary is seeking offers for the supply of high-sulfur coal to one or more of its generating stations. |
| 8/6/2007 | SWEPCO, PSO Issue RFP for 2009-2012 Summer Peak Capacity 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. |
| 8/2/2007 | AEP seeks buyers for four inactive Texas plants American Electric Power (NYSE: AEP) is actively seeking buyers for four inactive gas-fired power generating plants in Texas. |
| 7/31/2007 | AEP deregistering four subsidiaries to streamline SEC filings 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. |
| 7/31/2007 | AEP reports 2007 second-quarter earnings
- 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
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| 7/25/2007 | American Electric Power declares quarterly dividend on common stock 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. |
| 7/25/2007 | AEP schedules live webcast of quarterly earnings call 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.
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| 7/16/2007 | Comments Sought on SWEPCO and PSO Draft RFP for 2009-2012 Summer Peak Capacity 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. |
| 7/13/2007 | SWEPCO’s Harry D. Mattison power plant now online in northwest Arkansas 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. |
| 6/22/2007 | AEP and Allegheny 765-kV transmission project approved by PJM 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). |
| 6/18/2007 | IGCC plant in West Virginia could be online in 2012 if plan filed by AEP´s Appalachian Power gains approvals West Virginia filing proposes phased-in cost recovery to minimize rate impact;company plans to file in Virginia in the coming weeks 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). |
| 6/15/2007 | AEP accepts invitation to join World Business Council for Sustainable Development AEP has accepted an invitation to join the World Business Council for Sustainable Development, a global association dealing exclusively with business and sustainable development. |
| 6/14/2007 | AEP to support largest agricultural carbon offset program in U.S.; program will capture and destroy methane from 200 farms
Program part of AEP’s comprehensive strategy to capture, reduce, avoid or offset greenhouse gas emissions 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. |
| 6/1/2007 | Panel discussions featuring AEP’s CEO at Citi conference June 7 to be webcast 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. |
| 5/24/2007 | PUCT approves settlement in AEP Texas North Company rate proceeding 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. |
| 5/24/2007 | Remarks by AEP’s CFO at Deutsche Bank Conference May 30 to be webcast 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. |
| 5/23/2007 | AEP named one of best companies for multicultural women by Working Mother Magazine 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.” |
| 5/22/2007 | AEP joins Electric Drive Transportation Association American Electric Power has joined the Electric Drive Transportation Association (EDTA). |
| 5/16/2007 | AEP completes purchase of Lawrenceburg Plant 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). |
| 5/7/2007 | Panel discussions featuring AEP´s CFO at Goldman Sachs event to be webcast 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. |
| 5/4/2007 | AEP awards contract to the Shaw Group for new 600-megawatt Turk Power Plant in SW Arkansas 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. |
| 4/30/2007 | AEP recognized as ‘adoption-friendly workplace’ by Dave Thomas Foundation for Adoption 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. |
| 4/27/2007 | American Electric seeks coal bids American Electric Power (NYSE: AEP) announced today that its American Electric Power Service Corp. (AEPSC) subsidiary is seeking offers for the supply of coal to one or more of its generating stations. |
| 4/27/2007 | AEP pleased with DOE´s support of transmission development through draft transmission corridor designations 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. |
| 4/26/2007 | AEP’s first Corporate Responsibility Report outlines challenges, performance on key issues
Reaffirms commitment to reduce greenhouse gas emissions, identifies next steps 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. |
| 4/26/2007 | AEP reports 2007 first-quarter earnings
- 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
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| 4/25/2007 | AEP completes purchase of Darby plant from DPL Energy 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. |
| 4/25/2007 | Electric Transmission Texas partners with The Wind Coalition to analyze new transmission needed to support Texas wind generation 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.
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| 4/24/2007 | American Electric Power declares quarterly dividend on common stock 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. |
| 4/24/2007 | AEP to build on recent successes, focus on sustainability, Morris tells shareholders at annual meeting 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. |
| 4/20/2007 | AEP schedules live webcast of quarterly earnings call American Electric Power has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EDT Thursday, April 26. |
| 4/19/2007 | AEP expects first-quarter GAAP and ongoing EPS of approximately $0.68
Reaffirms 2007 ongoing earnings guidance range of between $2.85 and $3.05 per share
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. |
| 4/18/2007 | AEP and Allegheny to form joint venture company to build 765-kV transmission in PJM JV would build the first half of the AEP I-765™ Interstate Project transmission superhighway 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). |
| 4/18/2007 | AEP plans live webcast of annual meeting of shareholders 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. |
| 4/3/2007 | AEP seeks proposals for first wind purchases in its eastern states; to serve customers of Appalachian, Indiana Michigan utility units
First steps toward adding 1,000 megawatts of new wind energy by 2011 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. |
| 3/28/2007 | AEP among 30 companies recognized by National Association For Female Executives
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. |
| 3/15/2007 | AEP to install carbon capture on two existing power plants; company will be first to move technology to commercial scale As climate policy advances, ‘it’s time to advance technology for commercial use,’ CEO says 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. |
| 3/13/2007 | National chains recognize AEP for outstanding customer service 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. |
| 3/9/2007 | Remarks by AEP´s CEO March 15 at Morgan Stanley event to be webcast 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. |
| 3/8/2007 | Texas state court reverses prelimary ruling regarding stranded costs determination for AEP´s Texas Central Company 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. |
| 2/27/2007 | AEP and MidAmerican transmission joint venture proposes transmission plan for renewable energy zones in Texas 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. |
| 2/20/2007 | AEP Endorses "Path To Sustainability" Statement of the Global Roundtable on Climate Change 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. |
| 2/19/2007 | AEP, the City of Columbus and CDDC Launch Scioto Mile Campaign
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. |
| 2/14/2007 | AEP sells TCC share of Oklaunion to Brownsville Public Utilities Board 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. |
| 2/8/2007 | Remarks by AEP´s CEO at Feb.14 analyst forum to be webcast 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. |
| 2/5/2007 | Texas state court to hold rehearing on preliminary ruling regarding stranded costs determination for AEP´s Texas Central Company 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). |
| 2/2/2007 | AEP seeks bids for full requirement power supply to serve a portion of Ohio load 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. |
| 2/1/2007 | Remarks by AEP’s CFO at Credit Suisse Energy Summit to be webcast 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. |
| 1/30/2007 | AEP reports 2006 fourth-quarter, full-year earnings
- 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
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| 1/24/2007 | AEP declares quarterly dividend on common stock 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. |
| 1/24/2007 | AEP schedules live webcast of quarterly earnings call 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. |
| 1/23/2007 | AEP and MidAmerican Move Forward with Texas Transmission Joint Venture Companies file for regulatory approval and rate recovery in Texas, name executive director and sign participation agreement |
| 1/18/2007 | AEP’S intranet receives international recognition American Electric Power (NYSE: AEP) has earned worldwide recognition for its corporate intranet, AEP Now. |
| 1/10/2007 | AEP honored by EEI for emergency assistance to other utilities in 2006 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. |
| 1/8/2007 | Employee of supplier transporting hydrogen killed in explosion at Muskingum River Plant An explosion this morning at American Electric Power’s Muskingum River power plant killed an employee of a supplier delivering hydrogen to the plant. |
| 1/2/2007 | AEP to purchase Lawrenceburg Generating Station from PSEG 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. |
| 12/7/2006 | AEP, Citizens Against Pollution settle Gavin emissions lawsuit 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. |
| 12/6/2006 | SWEPCO and PSO units seek bids for Summer 2007 peak capacity 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. |
| 12/5/2006 | AEP to mark 100 years of operation with ceremonial bell ringing at NYSE 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. |
| 12/4/2006 | AEP signs power supply contract with the City of Columbus, Ohio AEP has signed a multi-year wholesale power supply agreement with the City of Columbus, Ohio.
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| 12/1/2006 | AEP completes sale of Plaquemine plant American Electric Power (NYSE: AEP) has completed its sale of the Plaquemine Cogeneration Facility in Plaquemine, La., to The Dow Chemical Company (NYSE: DOW). |
| 11/29/2006 | AEP to purchase Darby Generating Station from DPL Energy, LLC 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. |
| 11/27/2006 | Remarks by AEP’s CFO at Calyon Securities event to be webcast 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. |
| 11/21/2006 | PSO files rate proposal 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. |
| 11/9/2006 | AEP Texas Central Co. and AEP Texas North Co. seek permission to increase rates charged to retail electric providers 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). |
| 11/9/2006 | Publication recognizes AEP as military-friendly employer G.I. Jobs magazine is recognizing American Electric Power as one of the nation’s most “military-friendly” employers for the fourth consecutive year. |
| 11/6/2006 | AEP, ITC Transmission to perform technical study on expanding 765-kV transmission into Michigan 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. |
| 11/6/2006 | AEP and Midamerican Energy Holdings Company to form joint venture company to build transmission in Texas Announcement part of AEP strategy to grow its transmission business
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). |
| 11/1/2006 | AEP announces live webcast of presentation at EEI event 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. |
| 10/31/2006 | AEP reports 2006 third-quarter earnings
- 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
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| 10/30/2006 | AEP promotes Michael Heyeck to senior vice president-Transmission Michael Heyeck has been promoted to senior vice president-Transmission for American Electric Power, the company announced today. |
| 10/26/2006 | Power engineers from Asia-Pacific Partnership nations to share ideas on efficiency, emissions reduction, climate change
Plant visits, hands-on activities part of conference organized by American Electric Power 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). |
| 10/25/2006 | AEP schedules live webcast of quarterly earnings call 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. |
| 10/24/2006 | American Electric Power increases quarterly dividend on common stock 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.
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| 10/20/2006 | AEP Ohio, Ormet reach electric service agreement 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). |
| 10/16/2006 | AEP Texas Central to redeem senior notes 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. |
| 10/10/2006 | AEP to pursue Texas transmission opportunities through formation of joint venture company 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. |
| 10/10/2006 | AEP hikes earnings growth forecast to 5%-7% annually, will recommend dividend increase to board of directors 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. |
| 10/10/2006 | AEP expects third-quarter EPS of approximately $0.67 GAAP, $0.99 ONGOING 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.
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| 10/5/2006 | AEP announces webcast of presentations at 0ct.10 analyst and investor meeting 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. |
| 10/2/2006 | AEP files environmental permit applications for clean-coal power plants in Ohio, West Virginia
Construction preparation ongoing while AEP awaits regulatory approvals for cost recovery 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. |
| 9/18/2006 | AEP´s Cook Unit 1 sets unit generation record and begins refueling outage with $100 million in capital improvements projects 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. |
| 9/18/2006 | New power cable technology launched at AEP´s Bixby Station 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. |
| 9/18/2006 | AEP recogized as climate leader in carbon disclosure project´s 4th survey of corporate approaches to climate change 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. |
| 9/1/2006 | AEP to sell Plaquemine Cogeneration Facility to Dow Chemical 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). |
| 8/31/2006 | Comments by AEP CEO at Lehman Brothers conference to be webcast 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. |
| 8/22/2006 | AEP and I&M sign 20-year power supply contract with Wabash Valley Power Association
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. |
| 8/16/2006 | AEP reassigns senior executives to broaden management team experience New roles part of executive succession planning strategy
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. |
| 8/9/2006 | SWEPCO announces Hempstead County as site for new baseload generation power plant 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. |
| 7/27/2006 | AEP Reports 2006 second-quarter earnings and increases ongoing guidance
- 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
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| 7/26/2006 | AEP Declares Quarterly Dividend on Common Stock 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. |
| 7/21/2006 | AEP schedules live webcast of quarterly earnings call 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. |
| 7/18/2006 | PSO announces plans for new baseload generation 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. |
| 7/13/2006 | AEP foundation helps fund reforestation and conservation in Guatemala $2 million contribution part of Central America and Mexico Hurricane Relief Fund effort
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.
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| 7/5/2006 | AEP Ohio responds to the Ohio Supreme Court’s rate stabilization plan decision 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. |
| 6/29/2006 | AEP SkyBand to be unveiled at Red, White & BOOM! 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. |
| 6/26/2006 | AEP and I&M Sign 10 Power Supply Contracts with Municipal Utilities 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). |
| 6/15/2006 | AEP signs power supply contract with the city of College Station, Texas American Electric Power has signed a multi-year wholesale power supply agreement with the city of College Station, Texas. |
| 5/31/2006 | SWEPCO Announces Plans for New Generation 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. |
| 5/30/2006 | Magazine names AEP one of best companies for women of color 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. |
| 5/22/2006 | AEP Texas Central reaches settlement in securitization proceedings; securitization bonds issuance expected in fall 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 |
| 5/22/2006 | AEP signs five new power supply contracts with municipal and cooperative utilities in Virginia and West Virginia 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). |
| 5/8/2006 | Discussions featuring AEP’s CFO at Goldman Sachs event to be webcast 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. |
| 5/8/2006 | AEP dedicates Wyoming-Jacksons Ferry line Project nears completion 16 years after announced 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. |
| 4/27/2006 | AEP reports 2006 first-quarter earnings
- 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
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| 4/25/2006 | American Electric Power declares quarterly dividend on common stock 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.
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| 4/25/2006 | AEP entering next century of business well-positioned for success, Morris tells shareholders at annual meeting 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. |
| 4/25/2006 | Appalachian Power, Wheeling Power Reach Settlement Agreement in West Virginia Rate Case 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. |
| 4/21/2006 | AEP schedules live webcast of quarterly earnings call 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 .
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| 4/20/2006 | AEP expects first-quarter EPS of approximately $0.97 GAAP, $0.96 ongoing 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.
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| 4/19/2006 | AEP plans live webcast of annual meeting of shareholders 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. |
| 4/10/2006 | AEP to evaluate distributed energy resources through pact with research consortium 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. |
| 4/10/2006 | AEP Ohio receives approval to recover IGCC pre-construction costs 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).
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| 3/21/2006 | AEP receives top score for electric utilities in ranking of global companies on climate change strategies 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.
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| 3/16/2006 | AEP announces plans for new building to house transmission operations staff American Electric Power will build an 83,500-square-foot operations center in Central Ohio to house its transmission operations staff. |
| 3/10/2006 | Live webcast scheduled of AEP CFO’s presentation at Morgan Stanley Electricity Conference 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. |
| 3/7/2006 | Focus is on investigation into cause of fire after missing contractor´s body located 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. |
| 3/6/2006 | AEP’S PSO plans additions to Riverside Station 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. |
| 3/3/2006 | AEP Texas Central Company files to issue securitization bonds to fund true-up balance 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. |
| 2/24/2006 | Panel discussion featuring AEP´s CFO at Citigroup conference to be webcast 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. |
| 2/24/2006 | Panel presentation featuring AEP executive at Merrill Lynch conference to be webcast 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. |
| 2/15/2006 | AEP sells interest in Mexican power plant to InterGen, completes divestiture of foreign, domestic non-utility assets American Electric Power has completed the sale of its 50 percent interest in the Bajio power plant in Mexico to InterGen for $29 million. |
| 2/10/2006 | Presentation by AEP´s CFO at UBS Conference to be webcast 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. |
| 2/1/2006 | AEP reports 2005 fourth-quarter and year-end earnings
- 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
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| 1/31/2006 | AEP proposes new 765-kv transmission superhighway in PJM Proposed project designed to relieve transmission congestion, enhance Midwest/Mid-Atlantic power flows and reliability
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. |
| 1/27/2006 | AEP schedules live webcast of quarterly earnings call 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. |
| 1/25/2006 | AEP names Crosby to Board of Directors 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. |
| 1/25/2006 | American Electric Power declares quarterly dividend on common stock
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 37 cents a share on the company´s common stock. |
| 1/11/2006 | AEP, Indiana Michigan Power honored by EEI for disaster assistance and response 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. |
| 1/10/2006 | AEP CEO Morris represents company, utility industry at multi-nation development, climate meeting in Australia 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. |
| 1/4/2006 | AEP makes contribution to fully fund its pension plans 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. |
| 1/3/2006 | AEP completes purchase of Monongahela Power´s Ohio assets from Allegheny Energy 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). |
| 12/21/2005 | AEP´s Kentucky Power reaches wholesale agreements with municipal utilities 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. |
| 12/20/2005 | AEP increases 2005 ongoing earnings guidance to between $2.65 and $2.75 per share 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. |
| 12/15/2005 | AEP completes purchase of Ceredo Generating Station 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. |
| 12/8/2005 | AEP signs 18 power supply contracts with municipal utilities 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. |
| 12/2/2005 | AEP´s emission control equipment performs better than designed to reduce 2005 ozone season NOX emissions
Future investments will bring additional emission reductions and improve the environmental performance of AEP´s coal-fired generation fleet 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. |
| 11/8/2005 | AEP and transmission customers reach agreement on new rates 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. |
| 11/8/2005 | AEP recognized as military-friendly employer 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. |
| 11/3/2005 | AEP operating company SWEPCO signs power supply deal with Arkansas municipal 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. |
| 11/1/2005 | Live webcast scheduled of AEP´s presentation at EEI Conference 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. |
| 10/27/2005 | AEP Reports 2005 Third-Quarter Earnings
- 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)
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| 10/26/2005 | AEP names Linda A. Goodspeed to board of directors 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. |
| 10/26/2005 | American Electric Power increases quarterly dividend on common stock 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. |
| 10/20/2005 | AEP schedules live webcast of quarterly earnings call 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 . |
| 10/17/2005 | AEP PSO unit issues RFP for baseload generation 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. |
| 10/13/2005 | AEP dedicates environmental education center in Brazil
Joint dedication highlights project that promotes habitats, creates environmental awareness and supports economic development 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. |
| 10/7/2005 | AEP operating company I&M signs long-term agreement for electric power with Indiana Municipal Power Agency 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. |
| 10/3/2005 | AEP seeks permission to retire Conesville Units 1 and 2 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. |
| 9/29/2005 | AEP selects GE and Bechtel to design clean-coal power plant General Electric and Bechtel alliance to begin front-end engineering and design process for AEP’s proposed IGCC plant
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. |
| 9/28/2005 | AEP completes purchase of Waterford plant from PSEG Planned acquisition part of broad strategy to keep pace with load growth
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. |
| 9/21/2005 | Live webcast scheduled of discussion featuring AEP’s CEO at Merrill Lynch event 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. |
| 9/19/2005 | AEP’S Appalachian Power unit to install first U.S. use of commercial-scale energy storage technology
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. |
| 9/14/2005 | Moody´s upgrades AEP´s debt ratings COLUMBUS, Ohio, Sept. 14, 2005 – Debt ratings for American Electric Power (NYSE: AEP) have been upgraded by Moody’s Investors Service. |
| 9/2/2005 | More than 1,500 AEP employees, contractors assisting hurricane relief efforts; AEP tugboats help evacuations American Electric Power (NYSE: AEP) continues to supply employees, contractors and equipment to assist in the recovery effort from damages caused by Hurricane Katrina.
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| 9/2/2005 | Live webcast scheduled of AEP CFO´s Lehman Brothers presentation Sept. 8
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.
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| 8/30/2005 | AEP’s Cook Nuclear Plant operating licenses extended 20 years by NRC 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. |
| 8/26/2005 | Appalachian Power seeks increase to cover fuel costs, environmental expenditures 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. |
| 8/22/2005 | AEP signs power supply deal with Ohio municipal 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. |
| 8/11/2005 | AEP to purchase Ceredo Generating Station from Reliant Energy COLUMBUS, Ohio, Aug. 11, 2005 – American Electric Power (NYSE: AEP) announced today that its Appalachian Power utility subsidia |