2007 News Releases

December 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.


December 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).


December 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.


December 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.


December 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.


November 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.


November 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.


October 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.


October 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


October 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.


October 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.


October 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.


October 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.


October 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.


October 16, 2007

American Electric Power (NYSE: AEP) and SemGreen L.P., a subsidiary of SemGroup L.P., have signed a memorandum of understanding regarding the delivery and use of carbon dioxide captured by a planned commercial-scale carbon capture system on AEP subsidiary Public Service Company of Oklahoma’s Northeastern coal-fired power plant.


October 9, 2007

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.


October 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.


October 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


October 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.


September 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.


September 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.


September 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.


September 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.


September 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.


September 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.


September 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.


September 18, 2007

American Electric Power (NYSE: AEP) has formed a joint venture company with a MidAmerican Energy Holdings Company (MidAmerican) subsidiary to build and own electric transmission assets. The joint venture, Electric Transmission America LLC (ETA), will be a 50-50 partnership to identify and invest in high-voltage transmission projects (345-kilovolt or higher) located in North America outside of the Electric Reliability Council of Texas (ERCOT).


September 17, 2007

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.


September 14, 2007

American Electric Power (NYSE: AEP) and ITC Holdings Corp. (ITC) today released the results of their joint technical study evaluating the feasibility of extending AEP’s existing 765-kilovolt (kV) transmission infrastructure through Michigan to enhance reliability and support a more efficient generation marketplace. The companies announced the study Nov. 6, 2006.


September 11, 2007

American Electric Power (NYSE: AEP), as part of the company´s comprehensive effort to integrate new technologies for reliability, renewable energy and energy efficiency to meet customers’ future needs, is expanding its use of large-scale battery technology on its electricity grid.


September 10, 2007

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.


August 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.


August 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.


August 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.


August 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.


August 16, 2007

American Electric Power operating subsidiary AEP Ohio today filed as an intervenor in support of the competitive generation supply plan currently being considered by the Public Utilities Commission of Ohio (PUCO).

The plan, as proposed July 10 by FirstEnergy, includes bidding processes for providing competitively priced generation service to customers who do not choose to purchase electricity from another supplier. The plan will minimize customers’ exposure to price volatility by averaging the results of multiple bidding sessions conducted at different times during the year.


August 10, 2007

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.


August 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.


August 8, 2007

Two American Electric Power (NYSE: AEP) subsidiaries have signed long-term power purchase agreements with Fowler Ridge Wind Farm LLC, an indirect subsidiary of BP Alternative Energy North America Inc., for a total of 200 megawatts (MW) of renewable wind energy.


August 6, 2007

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.


August 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.


July 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.


July 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


July 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.


July 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.


July 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.


July 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.


June 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).


June 18, 2007

A proposed Integrated Gasification Combined Cycle (IGCC) clean-coal power plant in New Haven, W.Va., could be completed in mid-2012 at the earliest at a cost of approximately $2.23 billion if appropriate regulatory approvals are obtained in West Virginia and Virginia without delays, according to testimony filed with the Public Service Commission of West Virginia (PSC) today by Appalachian Power, an operating subsidiary of American Electric Power (NYSE: AEP).


June 15, 2007

AEP 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.


June 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.


June 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.


May 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.


May 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.


May 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.”


May 22, 2007

AEP joins Electric Drive Transportation Association

American Electric Power has joined the Electric Drive Transportation Association (EDTA).


May 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).


May 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.


May 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.


April 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.


April 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.


April 26, 2007

American Electric Power (NYSE: AEP) has released its first-ever Corporate Responsibility Report in which it addresses issues that affect the company’s sustainability, including climate change, public policy strategy, environmental performance, energy security, reliability and growth, work force issues and stakeholder engagement.


April 26, 2007

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


April 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.


April 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.


April 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.


April 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.


April 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.


April 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.


April 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).


April 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.


April 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.


March 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.


March 15, 2007

American Electric Power (NYSE:AEP) will install carbon capture on two coal-fired power plants, the first commercial use of technologies to significantly reduce carbon dioxide emissions from existing plants.


March 13, 2007

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.


March 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.


March 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.


February 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.


February 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.


February 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.


February 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.


February 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.


February 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).


February 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.


February 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.


January 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


January 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.


January 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.


January 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


January 18, 2007

AEP’S intranet receives international recognition

American Electric Power (NYSE: AEP) has earned worldwide recognition for its corporate intranet, AEP Now.


January 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.


January 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.


January 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.