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December 31, 2001
American Electric Power (NYSE: AEP) announced today that it has acquired the 160-megawatt Indian Mesa Wind Power Project from Enron Wind Corp. of California.
December 21, 2001
American Electric Power (NYSE: AEP) Friday announced the successful completion of its acquisition of 4,000 megawatts of coal-fired generation in the United Kingdom from Edison Mission Energy, a subsidiary of Edison International (NYSE: EIX).
December 20, 2001
AEP Energy Services Ltd., the London-based European wholesale marketing and trading subsidiary of American Electric Power (NYSE: AEP), has named Steve Smith as director, environmental and regulator affairs for the UK and Europe.
December 19, 2001
American Electric Power (NYSE: AEP) Wednesday announced it is revising earnings guidance for 2001 and 2002. AEP currently expects ongoing 2001 earnings to be between $3.35 and $3.45 per share, compared with earlier expectations that earnings would be at the lower end of a $3.50 to $3.60 per share range.
December 13, 2001
Thomas J. Kalb has joined American Electric Power (NYSE: AEP) in the new position of managing director, project finance - wholesale. He will oversee financing activities relating to AEP’s wholesale business unit.
December 12, 2001
AEP Energy Services Ltd., the London-based European wholesale energy marketing and trading subsidiary of American Electric Power (NYSE: AEP), has acquired existing contracts and hired key staff from the Enron international coal team.
December 10, 2001
American Electric Power (NYSE: AEP) and a world-class team of partners will conduct the first U.S. demonstration to test the combined power quality and peak shaving capabilities of the sodium sulfur (NAS) battery, an advanced electrical energy storage technology that promises vast improvements over conventional batteries.
November 30, 2001
American Electric Power (NYSE: AEP) has named Geoffrey S. Chatas to vice president - investor relations and corporate finance, effective Jan. 1, 2002.
November 30, 2001
American Electric Power (NYSE: AEP) said today that it has current counterparty exposure to Enron of less than $50 million. AEP took prudent measures in recent weeks to limit exposure.
November 20, 2001
American Electric Power (NYSE: AEP), the nation’s largest generator of electricity, made a significant foray into renewable energy with the completion of one of the nation’s largest wind farms, the first step toward strategic growth in renewable generation.
November 16, 2001
For the third time since 1997, the Wildlife Habitat Council has given the “thumbs up” sign to the wildlife habitat area at American Electric Power’s (NYSE: AEP) Gen. James M. Gavin Plant.
November 5, 2001
American Electric Power (AEP) forestry and line department personnel will be conducting aerial surveys of the company’s high-voltage power lines throughout Ohio and parts of West Virginia and Kentucky for the remainder of the year.
November 2, 2001
The Alliance Companies and The National Grid Group plc have signed a definitive Participation Agreement outlining how National Grid will manage the Alliance Transco, including investment of $1 billion in start-up and transmission acquisition costs. The agreement was filed Thursday with the Federal Energy Regulatory Commission (FERC). Pending two key FERC approvals, the definitive agreement provides that a wholly owned subsidiary of National Grid will serve as the Managing Member of the Alliance Transco.
November 2, 2001
American Electric Power (NYSE: AEP) has signed a lease for 92,000 square feet of office space under development in the Arena District in downtown Columbus.
November 1, 2001
American Electric Power (NYSE: AEP) announced today that it has completed its purchase of the stock of the MEMCO Barge Line Inc. from the Electric Fuels Corporation subsidiary of Progress Energy (NYSE: PGN).
October 31, 2001
American Electric Power (NYSE: AEP) announced Oct. 31 it has completed its acquisition of Quaker Coal Co. under terms approved by the U.S. Bankruptcy Court for the Eastern District of Kentucky.
October 29, 2001
AEP Pro Serv Inc., the non-regulated professional services subsidiary of Columbus, Ohio-based American Electric Power (NYSE: AEP), has been awarded a contract by the CPV Atlantic Project for the engineering, design, construction and project management of a 250-megawatt (mw) power plant in the City of Port St. Lucie, Fla. The scope of AEP Pro Serv´s work will also include start-up and commissioning of the combined cycle natural gas-fired facility.
October 25, 2001
A. Christopher Bakken III has been named senior vice president responsible for American Electric Power’s (NYSE: AEP) nuclear generation. Bakken is responsible for all aspects of AEP’s two-unit Cook Nuclear Plant in Bridgman, Mich., and oversight of AEP’s 25 percent ownership of the South Texas Project Electric Generating Station in Bay City, Texas.
October 25, 2001
C3 Networks (C3) announced Thursday the addition of James (Jim) Morris as manager of technical support for C3’s sales organization. Morris is well known as an industry innovator and has been involved in many recent leading edge products.
October 24, 2001
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
October 23, 2001
COLUMBUS, Ohio, Oct. 23, 2001 - American Electric Power (NYSE: AEP) today announced third-quarter ongoing earnings of $1.43 per share, a 13 percent increase from the same quarter in 2000 despite a slowing economy that reduced both wholesale energy margins and energy use by industrial customers. Revenue increased 50 percent to $18 billion.
October 19, 2001
American Electric Power (NYSE: AEP) announced today that the U.S. Bankruptcy Court for the Eastern District of Kentucky has approved the company´s reorganization plan for the Quaker Coal Co. As a result, AEP will acquire substantially all the assets of Quaker in resolution of the Chapter 11 bankruptcy proceedings initiated by Quaker.
October 18, 2001
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EDT Tuesday, Oct. 23. Audio from the call will be available at http://www.videonewswire.com/event.asp?id=1224.
October 8, 2001
American Electric Power (NYSE: AEP) has scheduled a webcast of a special all-day meeting with financial analysts.
October 8, 2001
American Electric Power (NYSE: AEP), in a move to advance its European wholesale strategy, today agreed to acquire 4,000 megawatts of coal-fired generation in the United Kingdom from Edison Mission Energy, a subsidiary of Edison International (NYSE: EIX).
October 5, 2001
American Electric Power, its employees and contractors today presented $600,000 to the American Red Cross for its Disaster Relief Fund for victims, families and others directly affected by terrorist attacks Sept. 11.
October 5, 2001
Mark W. Marano has been named president and chief executive officer of AEP Gas Power Systems, a recently formed joint venture of American Electric Power (NYSE: AEP) and G.A.S. Gas Capital Inc.
October 5, 2001
AEP Energy Services Inc., a subsidiary of American Electric Power (NYSE: AEP), has announced plans to establish a natural gas and power marketing office in Portland, Oregon.
September 28, 2001
American Electric Power (NYSE: AEP) has completed a two-year repowering project to boost generating capacity at its Northeastern Station (NES) generating plant in Oologah, Okla., about 30 miles northeast of Tulsa. NES is operated by AEP’s Public Service Company of Oklahoma (PSO).
September 28, 2001
Officials of American Electric Power (NYSE: AEP) said today the company has halted testing of a new emission control technology developed by Thermal Energy International Inc. (CDNX:TMG). The company concluded that - based on data that´s been collected from numerous tests to date - additional laboratory research will be required before the technology will be ready for a full-scale commercial launch.
September 28, 2001
American Electric Power announced today that it has realigned executive management to prepare for the planned separation of its regulated and unregulated businesses.
September 26, 2001
The Federal Energy Regulatory Commission, acting on a request by American Electric Power (NYSE: AEP), Wednesday agreed to appoint a settlement judge to help resolve issues related to the company’s request to separate its regulated and competitive businesses.
September 25, 2001
AEP Energy Services Inc., the energy trading and marketing subsidiary of American Electric Power (NYSE: AEP), has promoted two members of its senior staff to executive vice president. Paul D. Addis, president of AEP Energy Services and executive vice president of AEP, announced that Eric J. van der Walde, 39, and Steven A. Appelt, 42, were promoted in recognition of their contributions to the growth and development of AEP Energy Services.
September 25, 2001
American Electric Power (AEP) filed testimony Monday with the Public Utility Commission of Texas (PUCT) supporting a delay in retail competition until March 31, 2003, for areas of its Texas service territory within the Southwest Power Pool (SPP).
September 18, 2001
American Electric Power (NYSE: AEP) has promoted three senior staff members of its AEP Energy Services Inc. and Houston Pipe Line Company subsidiaries.
September 13, 2001
American Electric Power (NYSE: AEP) and G.A.S. Capital Inc. have formed a joint venture company, AEP Gas Power Systems, that will manufacture and market 1.2-megawatt gas turbine generators for use in co-generation, remote site, supplemental generation and backup applications.
September 4, 2001
Both of American Electric Power’s (NYSE: AEP) Cook Nuclear Plant units are projected to be back on-line by the end of September. Unit 1 will return first, with Unit 2 following about one week later.
August 30, 2001
American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 2 is reducing power this morning due to Lake Michigan silt intrusion into cooling water systems. It is expected the unit will be off line later today.
August 29, 2001
American Electric Power´s (NYSE: AEP) Mountaineer Plant at New Haven, W.Va., was one of eight businesses and industries to win one of the 2001 West Virginia Business Environmental Leadership Awards presented today at the West Virginia Business Summit held at the Greenbrier resort.
August 28, 2001
A business plan was filed Aug. 27 with the Federal Energy Regulatory Commission (FERC) that paves the way for creation of a for-profit, separately chartered transmission company - Alliance Transco. If accepted by the FERC, this would allow for establishment of the Alliance Regional Transmission Organization (Alliance RTO) as an entirely independent entity. The plan calls for National Grid USA to become Managing Member of Alliance Transco.
August 22, 2001
American Electric Power today filed documents with the Securities and Exchange Commission seeking approval for changes necessary to complete a planned restructuring of the corporation’s regulated and unregulated holdings.
August 22, 2001
American Electric Power (NYSE: AEP) today announced plans to construct a new emission control system on one unit of its Muskingum River generating station near the communities of Waterford and Beverly, Ohio.
August 15, 2001
David Harral has been named regional sales manager for C3 Networks, a Texas-based wholesale network service provider. Harral will lead C3’s southern region sales effort to supply interexchange carriers, competitive local exchange carriers, competitive access providers and similar businesses with high capacity network services.
August 14, 2001
The U.S. Fish & Wildlife Service’s (USFWS) Southeast Regional director today presented a conservation award to American Electric Power (NYSE: AEP) for the company’s 10,257-acre reforestation project near Catahoula National Wildlife Refuge (NWR) in Louisiana.
August 2, 2001
American Electric Power (NYSE: AEP) and Buckeye Power Inc. announced today their plans to construct new emission control systems at their jointly owned Cardinal Plant in Brilliant, Ohio.
July 25, 2001
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
July 24, 2001
American Electric Power (NYSE: AEP) today filed documents with the Federal Energy Regulatory Commission (FERC) seeking approval for changes necessary to complete a planned restructuring of the corporation’s regulated and unregulated holdings.
July 24, 2001
COLUMBUS, Ohio, July 24, 2001 - American Electric Power (NYSE: AEP), benefiting from an increased contribution from wholesale natural gas and the continued strong performance of its wholesale business in general, today announced second-quarter ongoing earnings of $0.89 per share, an 85 percent increase from the same quarter in 2000. Revenue increased 78 percent to $14 billion.
July 23, 2001
American Electric Power (NYSE: AEP) announced today it has executed a definitive agreement under which AEP Resources Inc., a wholly owned subsidiary of AEP, will acquire the stock of MEMCO Barge Line Inc. from the Electric Fuels Corporation subsidiary of Progress Energy (NYSE: PGN).
July 19, 2001
American Electric Power (NYSE: AEP) today announced that the company expects to report second-quarter ongoing earnings of between $0.87 and $0.89 per share, exceeding current First Call consensus ongoing earnings of $0.71 per share and second-quarter 2000 ongoing earnings of $0.48 per share.
July 18, 2001
The Trent Mesa Project, a wind-power generation facility under construction near Abilene, Texas, is being expanded to 150,000 kilowatts of production from 130,000 kilowatts under an agreement between TXU Corp. (NYSE: TXU), the buyer of Trent Mesa´s electricity output, and American Electric Power (NYSE: AEP), the builder, owner and operator of the facility.
July 11, 2001
American Electric Power (NYSE: AEP) has named Julio Reyes as its new Texas state president. Reyes fills the vacancy created when Alphonso Jackson became Deputy Secretary of Housing and Urban Development in the Bush administration.
July 5, 2001
Business opportunities in Argentina and Chile will be highlighted when American Electric Power (NYSE: AEP) sponsors a trade mission to those nations Oct. 8-12.
July 5, 2001
American Electric Power (NYSE: AEP) and ALFA, S.A. de C.V. closed a deal to sell the Enertek Cogeneration Facility in Altamira, Tamaulipas, Mexico, to Iberdrola of Madrid, Spain. Terms of the deal were not disclosed.
July 2, 2001
CONSOL Energy Inc. (NYSE:CNX) has completed the purchase of American Electric Power´s (NYSE:AEP) affiliate mining companies in Ohio and West Virginia. As part of the agreement, AEP will enter into coal supply arrangements with CONSOL Energy to purchase approximately 34 million tons of coal from the affected mines and other CONSOL Energy affiliate mines through 2008.
July 2, 2001
Environmental achievements and activities during the past two years are the focus of a newly published summary report by American Electric Power (NYSE:AEP).
July 2, 2001
American Electric Power (NYSE: AEP) today reported the estimated amounts of 23 chemicals released to air, water and land in 2000 from 36 gas-, oil- and coal-fired power plants.
June 28, 2001
In a couple of years anglers should be able to catch redfish along with bass, crappie and catfish from the Coleto Creek reservoir in South Texas thanks to an effort initiated by American Electric Power (NYSE: AEP).
June 27, 2001
American Electric Power (NYSE: AEP), The Conservation Fund and the U.S. Department of the Interior’s Fish & Wildlife Service (USFWS) have joined forces to acquire, protect and restore a bottomland hardwood forest on 18,372 acres near Catahoula Lake in east central Louisiana, a major haven for migratory birds in the Mississippi delta.
June 26, 2001
AEP and the Ohio Department of Natural Resources (ODNR) Division of Wildlife (DOW) have entered into a partnership to encourage private property owners to develop wildlife habitats in transmission rights-of-way on their lands.
June 8, 2001
The Texas Supreme Court on Wednesday upheld an earlier decision by the Public Utility Commission of Texas (PUCT) allowing American Electric Power’s (NYSE: AEP) Central Power and Light (CPL) subsidiary to securitize approximately $764 million of regulatory assets. Securitizing the amounts will result in customer savings of at least $95 million during the 14 years following introduction of retail competition.
June 1, 2001
Kentucky’s first school to install a solar electricity system as part of the U.S. Department of Energy’s Million Solar Roofs Initiative dedicated it today with a colorful fanfare of songs and distinguished speakers discussing energy and the system’s educational value.
June 1, 2001
Settlement of litigation involving the Dolet Hills lignite mine near Mansfield, La., will result in a new mine operator and a fuel cost reduction for customers of Southwestern Electric Power (SWEPCO), a subsidiary of American Electric Power (NYSE: AEP), and Cleco Corp. (NYSE: CNL).
June 1, 2001
American Electric Power (NYSE: AEP) announced today it has completed its purchase of the stock of Houston Pipe Line Company (HPL), an intrastate natural gas pipeline subsidiary of Enron Corp. (NYSE: ENE).
May 31, 2001
Companies interested in exploring business opportunities in Mexico are invited to participate in a trade mission that American Electric Power (NYSE: AEP) will sponsor Sept. 10-14.
May 31, 2001
American Electric Power (NYSE: AEP) formally dedicated its Miners’ Memorial Park, honoring the men and women who mined coal in southeastern Ohio.
May 23, 2001
The Lower Colorado River Authority (LCRA) and American Electric Power (NYSE: AEP) have announced a joint development agreement that will improve the capacity and reliability of electric transmission systems in South and West Texas.
May 21, 2001
Donald Wilborne Jr. has been named president of C3 Networks, a Texas-based telecommunications business affiliated with American Electric Power (NYSE: AEP).
May 11, 2001
American Electric Power (AEP) served as host Friday for the banding of the four peregrine falcon chicks that hatched last month in the nesting box on the roof of One Summit Square in Fort Wayne, Ind. The Department of Natural Resources (DNR) placed metal identification bands on the legs of the falcon chicks. The bands will help the DNR keep track of the young birds as they migrate late this summer or in the fall.
May 7, 2001
American Electric Power (NYSE: AEP) has completed a $1.25 billion two-part global note issuance, the first long-term debt issue of the holding company. Previous issuances have been through AEP subsidiaries.
May 4, 2001
American Electric Power (NYSE:AEP) has awarded educational scholarships to 34 graduating high school students who plan to enter college in the fall.
April 30, 2001
CONSOL Energy Inc. (NYSE:CNX) and American Electric Power (AEP) have entered into a memorandum of understanding regarding the proposed sale of AEP´s affiliate mines in Ohio and West Virginia to CONSOL Energy.
April 24, 2001
COLUMBUS, Ohio, April 24, 2001 - American Electric Power (NYSE: AEP) today announced first-quarter ongoing earnings of $0.68 per share, an 89 percent increase from the same quarter in 2000. Revenue increased 121 percent to $13.5 billion.
April 20, 2001
American Electric Power’s quarterly earnings conference call with financial analysts will be broadcast live over the Internet at 9:30 a.m. EDT Tuesday, April 24.
April 19, 2001
American Electric Power (NYSE: AEP) will provide a live webcast of its annual meeting of shareholders, which begins at 10:30 a.m. EDT Wednesday, April 25. The meeting will be held in Corpus Christi, Texas.
April 17, 2001
American Electric Power (NYSE: AEP) is again offering FalconCam, an inside view of a peregrine falcon family atop the One Summit Square Building in Fort Wayne.
April 17, 2001
Datapult, LP announced today it will provide utility allocation and data mining services with analysis from Datapult’s Energy Analysts for two properties managed by Steiner + Associates, a leading developer and property management firm.
April 12, 2001
Excelergy Corporation, provider of the world’s most advanced software products and technologies for inter-company collaboration, and AEP Energy Services, the energy trading and marketing subsidiary of American Electric Power (NYSE:AEP), have signed an agreement to jointly develop software designed to manage wholesale electric businesses.
April 11, 2001
COLUMBUS, Ohio, April 11, 2001 – AEP Communications, LLC, a wholly owned subsidiary of American Electric Power (NYSE: AEP), announced the recent appointment of energy industry veteran William A. (Bill) Randle as managing director of Datapult, LP, an energy information, data collection and processing organization.
April 6, 2001
American Electric Power (NYSE: AEP) has filed a request with the Kentucky Public Service Commission for authority to install a new emission control system on Unit 2 of its Big Sandy generating plant near Louisa, Ky. The control system will reduce nitrogen oxide (NOx) emissions from the 800-megawatt unit by about 90 percent. When in operation, the controls are expected to produce an overall reduction in NOx emissions of between 6,800 and 7,600 tons each ozone season (May through September).
April 4, 2001
Melinda Ackerman has been appointed senior vice president of human resources at American Electric Power (NYSE:AEP), effective April 1.
March 29, 2001
Diane Fitzgerald has been appointed vice president of environmental affairs at American Electric Power (NYSE:AEP), effective April 1.
March 22, 2001
Engineers at American Electric Power’s (NYSE:AEP) research laboratory are testing a new stationary battery capable of storing large amounts of electrical energy for use during peak energy demand and for power quality applications. Such technology could provide relief from generation shortages and transmission constraints that lead to blackouts, curtailments and other power interruptions.
March 2, 2001
American Electric Power (NYSE: AEP) will lead students and teachers from Virginia, West Virginia, Kentucky and Ohio to a South American rain forest this summer in AEP’s Environmental Learning and Adventure in Bolivia (E-LAB) program.
February 27, 2001
American Electric Power (NYSE: AEP) and Xcel Energy Inc. (NYSE: XEL) have reached an agreement today to sell 94.75 percent of the issued share capital of Yorkshire Power Group Inc. to Innogy Holdings plc, a major integrated energy company in the United Kingdom.
February 20, 2001
A federal judge today ruled against American Electric Power (NYSE: AEP) in its suit against the government over interest deductions claimed by the company relating to AEP’s corporate owned life insurance (COLI) program.
February 8, 2001
American Electric Power (NYSE: AEP) has agreed to sell its 500-megawatt Frontera power plant to TECO Power Services, a subsidiary of TECO Energy Inc. (NYSE: TE).
February 7, 2001
The first net metering customer of Columbus Southern Power Company (CSP) was made official recently when Robert Howard signed a contract formalizing the arrangement under Ohio’s new electric choice law. CSP, an operating company of American Electric Power (NYSE: AEP), serves more than 685,000 customers in central and southern Ohio.
January 29, 2001
American Electric Power (NYSE: AEP) today announced plans to begin construction on new emission control systems at two of its power plants in West Virginia. The controls will reduce nitrogen oxide (NOx) emissions on each affected generating unit by about 90 percent. When in operation, the controls are expected to produce an overall reduction in NOx emissions from the two units of approximately 20,000 tons per year.
January 24, 2001
COLUMBUS, Ohio, Jan. 24, 2001-- The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.
January 23, 2001
COLUMBUS, Ohio, Jan. 23, 2001 - American Electric Power (NYSE: AEP) today announced ongoing earnings for the year 2000 of $2.70 per share, completing a year of noteworthy achievement that positions the company for significant growth in 2001.
January 22, 2001
Officials of American Electric Power (NYSE: AEP) and The Dow Chemical Company (NYSE: DOW) have executed definitive agreements that will lead to the construction of a new, state-of-the-art cogeneration plant at Dow’s Plaquemine, La., chemical complex.
January 12, 2001
AEP will lay off 225 employees at its Windsor Coal Co. underground mine in West Liberty, W.Va., and 145 employees at its Central Ohio Coal Co. surface mine in Cumberland, Ohio, on or about March 15.
January 11, 2001
American Electric Power (NYSE: AEP) announced today that it has executed a definitive agreement under which AEP Energy Services Gas Holding Co., a wholly owned subsidiary of AEP, will acquire the stock of Houston Pipe Line Co. (HPL) from Enron Corp. (NYSE: ENE).
January 10, 2001
The role of technology in shaping the outcome of electricity restructuring is one of the topics attracting worldwide interest among engineers planning to attend a conference hosted later this month by American Electric Power (NYSE:AEP).
January 8, 2001
Thomas L. Hughes has joined American Electric Power (NYSE: AEP) as vice president – investor relations, effective today. He will be responsible for communicating AEP’s strategy and performance to the financial community, broadening the company’s investor base and participating in development of AEP’s business plans.
January 4, 2001
American Electric Power (NYSE: AEP) and Environmental Elements Corporation (AMEX: EEC) today announced that they have executed an agreement designed to provide additional support for the commercialization of EEC´s Ammonia on Demand (AOD) technology in the power generation market.
January 4, 2001
American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 1 reached 100 percent power at 9:40 a.m. Jan. 3.
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