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December 7, 2006
Ohio Power Company, a unit of American Electric Power (NYSE: AEP), has reached a settlement of a lawsuit filed by Citizens Against Pollution, a group consisting primarily of individuals living near AEP’s James M. Gavin power plant in southern Ohio, regarding reporting of sulfuric acid emissions from the plant.
December 6, 2006
American Electric Power operating subsidiaries Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) are seeking proposals for capacity and associated energy that will allow SWEPCO and PSO to satisfy planning reserve requirements of the Southwest Power Pool (SPP) for the summer 2007 peaking load and for up to one year after June 1, 2007.
December 5, 2006
American Electric Power will mark the 100th anniversary of its incorporation when Michael G. Morris, AEP’s chairman, president and chief executive officer, rings The Closing Bell at the New York Stock Exchange this afternoon.
December 4, 2006
AEP has signed a multi-year wholesale power supply agreement with the City of Columbus, Ohio.
December 1, 2006
American Electric Power (NYSE: AEP) has completed its sale of the Plaquemine Cogeneration Facility in Plaquemine, La., to The Dow Chemical Company (NYSE: DOW).
November 29, 2006
American Electric Power announced today that its Columbus Southern Power utility subsidiary has agreed to purchase the Darby Electric Generating Station from DPL Energy, LLC, a subsidiary of DPL Inc., for approximately $102 million.
November 27, 2006
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of a presentation by Holly Koeppel, AEP’s executive vice president and chief financial officer, at the Calyon Securities Utilities & Energy Merchants Conference in New York Nov. 30.
November 21, 2006
Public Service Company of Oklahoma (PSO), a unit of American Electric Power, has filed a rate proposal with the Oklahoma Corporation Commission (OCC) to facilitate significant new investments in Oklahoma’s future that will support the growing economic and energy needs of the state and PSO customers.
November 9, 2006
American Electric Power (NYSE: AEP) subsidiaries Texas Central Co. (TCC) and Texas North Co. (TNC), which make up its AEP Texas operating unit, today filed requests with the Public Utility Commission of Texas (PUCT) to increase the transmission and distribution rates charged to retail electric providers (REPs).
November 9, 2006
G.I. Jobs magazine is recognizing American Electric Power as one of the nation’s most “military-friendly” employers for the fourth consecutive year.
November 6, 2006
American Electric Power (NYSE: AEP) has signed a memorandum of understanding (MOU) with ITC Transmission, a subsidiary of ITC Holdings Corp. (ITC), to perform a technical study to evaluate the feasibility of extending AEP’s 765-kilovolt (kV) transmission infrastructure through Michigan to enhance reliability and support a competitive market of generation supply.
November 6, 2006
American Electric Power has signed a memorandum of understanding with MidAmerican Energy Holdings Co. to form a joint venture company to build and own new electric transmission assets within the Electric Reliability Council of Texas (ERCOT).
November 1, 2006
American Electric Power has scheduled a live audio webcast of a presentation by Michael G. Morris, AEP’s chairman, president and chief executive officer, Nov. 7 at the 41st annual Edison Electric Institute Financial Conference in Las Vegas.
October 31, 2006
- 2006 third-quarter earnings: GAAP $0.67 per share, ongoing $0.99 per share
- Ongoing earnings up from same period last year
- Off-system sales, MEMCO barge operations, revenue from rate changes drive earnings improvement
October 30, 2006
Michael Heyeck has been promoted to senior vice president-Transmission for American Electric Power, the company announced today.
October 26, 2006
Executives and engineers representing the electric power industry in Australia, China, India, Japan and South Korea (formally known as the Republic of Korea) will meet with counterparts from the United States in Columbus Monday to begin a week of information sharing and power generation site visits, part of ongoing efforts to address climate change and encourage clean development through the Asia-Pacific Partnership on Clean Development and Climate (APP).
October 25, 2006
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EST Tuesday, Oct. 31. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
October 24, 2006
The Board of Directors of American Electric Power Co. (NYSE: AEP) today approved an increase in the regular quarterly cash dividend on a share of the company’s common stock to 39 cents a share from the previous 37 cents a share.
October 20, 2006
Columbus Southern Power Company (CSP) and Ohio Power Company (OP), collectively AEP Ohio, operating companies of American Electric Power (NYSE: AEP), have agreed to supply electrical service to Ormet Primary Aluminum Corp.’s (Ormet) Hannibal, Ohio, facilities, as part of an agreement signed by AEP Ohio, Ormet and several other parties. The agreement requires approval by the Public Utilities Commission of Ohio (PUCO).
October 16, 2006
AEP Texas Central Co., a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), announced that on Nov. 13, 2006, it will redeem the entire outstanding $275 million principal amount of its 5.50% Senior Notes, Series D, due Feb. 15, 2013.
October 10, 2006
American Electric Power (NYSE: AEP) will form a joint venture company to fund and own new electric transmission assets in Texas, the company announced today.
October 10, 2006
American Electric Power (NYSE: AEP) increased its long-range ongoing earnings growth forecast and will recommend its board of directors increase the dividend, the company said this morning during presentations to investors and analysts in New York.
October 10, 2006
American Electric Power (NYSE: AEP) today said that it expects third-quarter 2006 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of approximately $0.67 per share and third-quarter 2006 ongoing earnings (earnings excluding special items) of approximately $0.99 per share. Third-quarter 2005 GAAP earnings were $0.99 per share and third-quarter 2005 ongoing earnings were $0.95 per share.
October 5, 2006
American Electric Power (NYSE: AEP) has scheduled a live audio webcast of management presentations at the company’s Analyst and Investor Meeting Oct. 10 in New York.
October 2, 2006
American Electric Power, in an effort to continue moving its generation plans forward, today filed state environmental permit applications for clean-coal power plants in Ohio and West Virginia.
September 18, 2006
American Electric Power’s [AEP:NYSE] Cook Nuclear Plant Unit 1 set a unit fuel cycle record for net generation as the reactor was safely shut down on Saturday to begin a refueling outage. In addition to refueling the reactor and regular outage maintenance and testing work, this outage includes replacing the reactor vessel head, the three low pressure turbine rotors and other major component and system improvements with total project costs of more than $100 million.
September 18, 2006
An innovative High Temperature Superconducting (HTS) power cable system was launched today at American Electric Power’s (NYSE: AEP) Bixby Station outside of Columbus, Ohio. The launch begins a two-year test of a new HTS cable design that holds promise for lowering the costs of HTS cable and helping address concerns about growing electricity demands in an increasing number of cities.
September 18, 2006
American Electric Power (NYSE: AEP) was named to the “Climate Leadership Index” in a report released today by the Carbon Disclosure Project (CDP), a coalition of global investors with more than $31.5 trillion in assets. The CDP report is a survey of the responses of FT500 corporations to the issue of climate change.
September 1, 2006
COLUMBUS, Ohio, Sept. 1, 2006 – American Electric Power (NYSE: AEP) has reached an agreement to sell its Plaquemine Cogeneration Facility in Plaquemine, La., to The Dow Chemical Company (NYSE: DOW).
August 31, 2006
American Electric Power has scheduled a live webcast of remarks by Michael G. Morris, AEP’s chairman, president and chief executive officer, at the Lehman Brothers CEO Energy/Power Conference in New York.
August 22, 2006
American Electric Power and its operating unit Indiana Michigan Power (I&M) have entered into a 20-year agreement with Wabash Valley Power Association (Wabash) to provide wholesale power to serve Wabash’s member cooperatives. The agreement, upon approval by the Federal Energy Regulatory Commission (FERC), will take effect Jan. 1, 2007.
August 16, 2006
American Electric Power today announced a series of executive reassignments as part of the company´s succession planning strategy. All reassignments are effective Sept. 1.
August 9, 2006
American Electric Power’s Southwestern Electric Power Company (SWEPCO) today announced the proposed site selection for a new baseload power plant designed to meet the long-term generation demands of the company’s customers. The new coal-fueled plant should be operational by the summer of 2011 at a 2,800-acre location north of Fulton, Ark. in Hempstead County, about 15 miles northeast of Texarkana, Ark.
July 27, 2006
- 2006 second-quarter earnings: GAAP $0.44 per share, ongoing $0.44 per share
- AEP increases 2006 ongoing earnings guidance range to between $2.65 and $2.80 per share from the previous range of between $2.50 and $2.70 per share
July 26, 2006
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 37 cents a share on the company’s common stock.
July 21, 2006
American Electric Power has scheduled its quarterly earnings conference call with financial analysts for 10 a.m. EDT Thursday, July 27. The call will be broadcast live over the Internet.
July 18, 2006
American Electric Power’s (NYSE: AEP) Public Service Company of Oklahoma (PSO) subsidiary today announced plans to enter into a joint venture agreement with Oklahoma Gas and Electric Company (OG&E) to build a new 950 megawatt coal-fueled electricity generating unit at the site of OG&E’s existing Sooner plant near Red Rock, in north central Oklahoma.
July 13, 2006
The American Electric Power Foundation today announced a $2 million donation to fund reforestation and conservation of approximately 22,500 acres of forestland in Guatemala. The donation is part of the AEP Foundation’s support of the Central America and Mexico Hurricane Relief Fund, a public-private partnership to encourage financial donations for reconstruction in Central America and Southern Mexico following the devastation of the 2005 hurricane season. The AEP Foundation is funded by American Electric Power (NYSE: AEP) and AEP’s utility units.
July 5, 2006
Columbus Southern Power and Ohio Power, subsidiaries of American Electric Power (NYSE: AEP), collectively AEP Ohio, are considering their options in response to today’s Ohio Supreme Court decision regarding one aspect, related to the competitive bid option issue, of AEP Ohio’s rate stabilization plan.
June 29, 2006
The new AEP SkyBand, which encircles the top of the 31-story American Electric Power headquarters building at 1 Riverside Plaza, will be unveiled July 3 during Red, White & BOOM! immediately before the fireworks.
June 26, 2006
American Electric Power (NYSE: AEP) and its operating unit Indiana Michigan Power (I&M) have signed ten, multi-year wholesale power supply agreements with municipal utilities in Indiana and Michigan with a combined peak load of more than 320 megawatts (MW).
June 15, 2006
American Electric Power has signed a multi-year wholesale power supply agreement with the city of College Station, Texas.
May 31, 2006
American Electric Power’s (NYSE: AEP) Southwestern Electric Power Company (SWEPCO) today announced plans for short-term, mid-term and long-term generation to meet the electricity demands of the company’s customers.
May 30, 2006
American Electric Power is featured in the June edition of Working Mother magazine as one of the 12 “best companies for women of color.” The national publication targets mothers with careers.
May 22, 2006
AEP Texas Central Company (TCC), a Texas electric transmission and distribution unit of American Electric Power (NYSE: AEP), today filed a unanimous settlement agreement with the Public Utility Commission of Texas in its securitization financing order proceedings. As part of the settlement, all parties agreed not to appeal the securitization financing order when issued by the PUCT
May 22, 2006
American Electric Power (NYSE: AEP) and its Appalachian Power operating unit have signed five multi-year wholesale power supply agreements with municipal and cooperative utilities in Virginia and West Virginia with a combined peak load of approximately 230 megawatts (MW).
May 8, 2006
Live webcasts are scheduled of two panel discussions featuring Susan Tomasky, executive vice president and chief financial officer of American Electric Power, Thursday at the Goldman Sachs Power and Utility Conference in Las Vegas.
May 8, 2006
American Electric Power dedicated its $306 million Wyoming-Jacksons Ferry 765-kilovolt (kV) transmission project, the largest electric transmission infrastructure project currently underway in the United States, today at a ceremony attended by federal and state officials and other dignitaries.
April 27, 2006
- 2006 first-quarter earnings: GAAP $0.97 per share, ongoing $0.96 per share
- Increases in customers and usage, regulatory rate changes and strong results from MEMCO more than offset unfavorable weather in the quarter
- Company reaffirms 2006 ongoing guidance of between $2.50 and $2.70 per share
April 25, 2006
The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 37 cents a share on the company’s common stock.
April 25, 2006
American Electric Power (NYSE: AEP) entered 2006 well-positioned to begin its next century as a successful investor-owned utility, Michael G. Morris, AEP chairman, president and chief executive officer, told shareholders attending the company’s annual meeting today in Charleston, W.Va.
April 25, 2006
Appalachian Power and Wheeling Power, together with the Public Service Commission of West Virginia (PSCWV) staff, the PSCWV Consumer Advocate Division and other intervening parties, filed a settlement agreement yesterday in the companies’ rate case seeking the commission’s approval.
April 21, 2006
American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 11 a.m. EDT Thursday, April 27. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts .
April 20, 2006
American Electric Power (NYSE: AEP) today said that it expects first-quarter 2006 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of approximately $0.97 per share and first-quarter 2006 ongoing earnings (earnings excluding special items) of approximately $0.96 per share. First-quarter 2005 GAAP earnings were $0.90 per share and first-quarter 2005 ongoing earnings were $0.87 per share.
April 19, 2006
American Electric Power (NYSE: AEP) will provide a live webcast of its annual meeting of shareholders Tuesday beginning at 9:30 a.m. EDT. The meeting will be held in Charleston, W.Va.
April 10, 2006
American Electric Power, through a recently signed agreement with the Consortium for Electric Reliability Technology Solutions (CERTS) at Lawrence Berkeley National Laboratory, will research, test and evaluate distributed energy resources and the integration of these resources into the nation’s electricity grid.
April 10, 2006
COLUMBUS, Ohio, April 10, 2006 -- An order issued today by the Public Utilities Commission of Ohio (PUCO) represents an important step toward construction of a clean-coal power generation plant in Ohio, according to American Electric Power (NYSE: AEP).
March 21, 2006
American Electric Power (NYSE: AEP) received the top score for the electric utility industry in a Ceres investor coalition report released today that ranks 100 global companies on their climate change strategies.
March 16, 2006
American Electric Power will build an 83,500-square-foot operations center in Central Ohio to house its transmission operations staff.
March 10, 2006
American Electric Power has scheduled a live webcast of a presentation by Susan Tomasky, executive vice president and chief financial officer, March 16 at the Morgan Stanley Global Electricity & Energy Conference in New York.
March 7, 2006
The focus turns to the investigation into the cause of a construction-site fire at American Electric Power’s (NYSE:AEP) Kammer-Mitchell Power Plant after the body of a missing Pullman Power LLC employee was located Monday evening.
March 6, 2006
Public Service Company of Oklahoma (PSO), a unit of American Electric Power, has approved a proposal to add 170 megawatts (MW) of generating capacity to the company’s Riverside Station (RVS), located in Jenks, Okla.
March 3, 2006
COLUMBUS, Ohio, March 3, 2006 – AEP Texas Central Company (TCC), a Texas electric transmission and distribution unit of American Electric Power (NYSE: AEP), today filed with the Public Utility Commission of Texas for approval of a financing order to issue $1.804 billion in low-cost securitization bonds to fund the stranded costs and regulatory assets balance authorized by the commission.
February 24, 2006
COLUMBUS, Ohio, Feb. 24, 2006 – Live webcasts have been scheduled of three panel discussions featuring Susan Tomasky, executive vice president and chief financial officer for American Electric Power (NYSE: AEP), March 2 at the inaugural Citigroup Power, Gas and Utilities Conference in Miami.
February 24, 2006
A live webcast has been scheduled of a panel presentation featuring Craig Baker, senior vice president – regulatory services for American Electric Power, Feb. 27 at the Merrill Lynch “New Areas of Utilities Investment” Transmission & Power Equipment Conference in New York.
February 15, 2006
American Electric Power has completed the sale of its 50 percent interest in the Bajio power plant in Mexico to InterGen for $29 million.
February 10, 2006
American Electric Power (NYSE: AEP) has scheduled a live webcast of a presentation by Susan Tomasky, executive vice president and chief financial officer, at the UBS Natural Gas & Electric Utilities Conference in New York Feb. 16.
February 1, 2006
- 2005 year-end earnings: GAAP $2.09 per share, ongoing $2.73 per share
- 2005 fourth-quarter earnings: GAAP ($0.38) per share, ongoing $0.29 per share
- Strategy, expertise help company benefit from favorable weather, minimize fuel delivery issues and boost ongoing earnings
- Pending decision on Texas stranded cost true-up reduces GAAP earnings
January 31, 2006
American Electric Power today filed with the Federal Energy Regulatory Commission (FERC) and the PJM Interconnection (PJM) to build a new 765-kilovolt (kV) transmission line stretching from West Virginia to New Jersey. The proposed transmission superhighway will span approximately 550 miles and is designed to reduce PJM congestion costs by substantially improving west-east transfer capability by approximately 5,000 megawatts (MW) and reducing transmission line losses by approximately 280 MW. It also will enhance reliability in the eastern transmission grid.
January 27, 2006
COLUMBUS, Ohio, Jan. 27, 2006 – American Electric Power (NYSE: AEP) has scheduled its quarterly earnings conference call with financial analysts for 11 a.m. EST Wednesday, Feb. 1. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.
January 25, 2006
COLUMBUS, Ohio, Jan. 25, 2006 – Ralph D. Crosby Jr., chairman and chief executive officer of EADS North America, has been elected to American Electric Power´s (NYSE: AEP) board of directors, according to Michael G. Morris, AEP´s chairman, president and chief executive officer.
January 25, 2006
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 37 cents a share on the company´s common stock.
January 11, 2006
American Electric Power and its Indiana Michigan Power utility subsidiary were honored today by the Edison Electric Institute (EEI) for their assistance and response relating to weather-related disasters in 2005. EEI is the association of shareholder-owned electric utility companies.
January 10, 2006
Michael G. Morris, chairman, president and chief executive officer of American Electric Power, is representing AEP and electric utilities operating in the United States at the first Asia-Pacific Partnership on Clean Development and Climate ministerial meeting in Sydney, Australia today and Wednesday.
January 4, 2006
American Electric Power made a $320 million cash contribution Dec. 29 to fully fund its pension liabilities. The company announced plans in early 2005 to fully fund its pension program by the end of the year.
January 3, 2006
American Electric Power, through its Columbus Southern Power (CSP) utility subsidiary, completed the purchase of Monongahela Power Company’s Ohio operations Dec. 31. Monongahela Power is a subsidiary of Allegheny Energy (NYSE: AYE).
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