2012 News Releases

December 20, 2012

SWEPCO's John W. Turk, Jr. Power Plant Begins Commercial Operation December 20 In SW Arkansas

Southwestern Electric Power Co. (SWEPCO), an operating unit of American Electric Power, began commercial operation of the new 600-megawatt (MW) John W. Turk, Jr. Power Plant near Fulton, Ark., in Hempstead County.


December 14, 2012

AEP Announces Organizational Changes

Zebula to head energy supply; Sloat to become treasurer.


November 30, 2012

Live Webcast Scheduled Of Panel Presentation Featuring AEP Executive At Wells Fargo Conference

AEP has scheduled a live audio webcast of a panel presentation featuring Lisa M. Barton, executive vice president - AEP Transmission, Dec. 5 at the Wells Fargo Securities 11th Annual Pipeline, MLP and Energy Symposium in New York.


November 27, 2012

AEP Announces Leadership Changes As Part Of Repositioning Effort

AEP has announced organizational and executive leadership changes as part of a corporate-wide repositioning effort, according to Nicholas K. Akins, AEP president and chief executive officer.


November 14, 2012

AEP Launches Enhanced Corporate Website Using Responsive Web Design

American Electric Power today launched a new, enhanced version of the company's corporate website at www.aep.com.


November 8, 2012

AEP To Redeem Senior Notes

AEP announced that on Dec. 14, 2012, it will redeem the entire outstanding $242,775,000 principal amount of unsecured 5.25% Senior Notes, Series D, due 2015


November 8, 2012

AEP To Redeem Junior Subordinated Debentures

AEP announced that on Dec. 19, 2012, it will redeem the entire outstanding $315,000,000 principal amount of unsecured 8.75% Junior Subordinated Debentures.


November 6, 2012

AEP Announces Live Webcast Of Presentation By Chief Executive Officer At EEI Financial Conference Nov. 13

AEP has scheduled a live audio webcast of remarks by AEP President and Chief Executive Officer Nicholas K. Akins Nov. 13 at the 47th annual Edison Electric Institute Financial Conference in Phoenix.


November 1, 2012

AEP Seeks FERC Approval To Move Forward With Full Competition In Ohio

AEP has submitted filings to the Federal Energy Regulatory Commission (FERC) seeking approval to fully separate its Ohio generating assets from its Ohio distribution and transmission operations.


October 24, 2012

AEP Reports 2012 Third-Quarter Earnings

  • Third-quarter earnings $1.00 per share GAAP and $1.02 per share operating
  • Continued discipline around controlling costs
  • Receipt of Ohio orders provides additional clarity


October 23, 2012

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 47 cents a share on the company's common stock.


October 17, 2012

AEP Schedules Live Webcast Of Quarterly Earnings Call

AEP has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Wednesday, Oct. 24.


September 25, 2012

AEP Names Rasmussen To Board Of Directors

Steve Rasmussen, chief executive officer of Nationwide, has been elected to the American Electric Power Board of Directors.


September 14, 2012

Remarks By AEP Chief Financial Officer At Bank of America Merrill Lynch Conference To Be Webcast

AEP has scheduled a live audio webcast of a panel presentation by Brian X. Tierney, AEP's executive vice president and chief financial officer, at the Bank of America Merrill Lynch 2012 Power and Gas Leaders Conference in New York on Sept. 20.


September 14, 2012

American Electric Power Seeks Bids For Eastern Coal

AEP is seeking offers for the supply of high Btu, mid-sulfur coal, delivered by rail or barge, to one or more of its generating stations.


September 10, 2012

AEP Honored As Adoption-Friendly Workplace For Sixth Time

For the sixth consecutive year, American Electric Power has been named one of the most adoption-friendly workplaces by the Dave Thomas Foundation for Adoption.


August 30, 2012

AEP CEO To Address Investors At Barclays Capital Conference

American Electric Power has scheduled a live audio webcast of a presentation by Nicholas K. Akins, AEP president and chief executive officer, at the Barclays Capital CEO Energy-Power Conference in New York on Sept. 6.


August 8, 2012

AEP Ohio Responds To PUCO Decision On Modified Electric Security Plan

Today's order from the Public Utilities Commission of Ohio (PUCO) on the company's modified Electric Security Plan (ESP) grants many of the components necessary to address distribution reliability, economic development, and energy efficiency, but there are key issues that need to be resolved.


August 1, 2012

AEP Transmission Joint Venture Begins Construction On Kansas Transmission Project Project part of multi-tier transmission strategy designed to support near- and long-term growth

Prairie Wind Transmission, a transmission joint venture that includes American Electric Power, MidAmerican Energy Holdings Company (through the companies' Electric Transmission America joint venture) and Westar Energy Inc., today began construction of 108 miles of new double-circuit, 345-kilovolt transmission lines in south-central Kansas.


July 25, 2012

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 47 cents a share on the company's common stock.


July 24, 2012

AEP Names Lin To Board Of Directors

Sandra Beach Lin, former president and chief executive officer of Calisolar Inc., has been elected to the American Electric Power Board of Directors


July 20, 2012

AEP Reports 2012 Second-Quarter Earnings

  • Second-quarter earnings $0.75 per share GAAP and $0.77 per share operating
  • Disciplined approach to controlling costs continues


July 19, 2012

American Electric Power Seeks Bids for Eastern Coal

AEP is seeking offers for the supply of eastern coal to its Clinch River Plant in Cleveland, Va.


July 13, 2012

AEP Schedules Live Webcast Of Quarterly Earnings Call

AEP has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Friday, July 20.


July 2, 2012

AEP Responds to Ohio Capacity Case Decision

"While it is disappointing that the PUCO did not fully recognize the value of AEP Ohio's generation in this case, today's decision is just one part of the process to determine a path to competition in Ohio. This path must provide both benefits for customers and a transition that maintains the financial integrity of AEP Ohio," AEP President Nicholas Akins said.


June 25, 2012

BlueStar Energy To Change Name To AEP Energy

BlueStar Energy Solutions (BlueStar), a subsidiary of American Electric Power (NYSE: AEP), will begin operating as AEP Energy June 29.


May 30, 2012

Statement From AEP Ohio About Today's PUCO Decision

"Today's decision by the Public Utilities Commission of Ohio (PUCO) to extend the temporary capacity charge is appropriate. We commend the PUCO for taking the time necessary to fully consider the implications that moving to a competitive market in Ohio will have for electricity consumers and AEP Ohio."


May 24, 2012

American Electric Power Seeks Bids For Powder River Basin Coal

American Electric Power is seeking offers for the supply of Powder River Basin coal to one or more of its generating stations.


May 18, 2012

American Electric Power Seeks Bids For Eastern Coal

AEP is seeking offers for the supply of eastern coal, delivered by barge, to one or more of its generating stations.


May 1, 2012

AEP Names Alberto Ruocco VP, Chief Information Officer

Alberto Ruocco has been named vice president and chief information officer for American Electric Power.


April 24, 2012

AEP Focused On Strategy To Support Long-Term Earnings Growth, Shareholders Learn At Company's Annual Meeting

AEP continues to make progress on initiatives designed to deliver long-term shareholder value while managing near-term regulatory challenges in Ohio and lethargic economic recovery in some sectors, according to Nicholas K. Akins, AEP's president and chief executive officer.


April 24, 2012

American Electric Power Declares Quarterly Dividend On Common Stock

The Board of Directors of American Electric Power Co. declared a regular quarterly cash dividend of 47 cents a share on the company's common stock.


April 20, 2012

AEP Reports 2012 First-Quarter Earnings

  • 2012 first-quarter earnings: $0.80 per share GAAP and ongoing
  • Industrial sales continue to show growth
  • Record mild weather throughout AEP's service territories lowers demand


April 13, 2012

AEP Schedules Live Webcast Of Quarterly Earnings Call

American Electric Power has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Friday, April 20. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts.


April 4, 2012

AEP And Great Plains Energy Form Competitive Transmission Company

AEP and Great Plains Energy have formed a new company called Transource Energy to develop and invest in transmission


March 30, 2012

AEP Ohio To File Modified Electric Security Plan Plan balances rate impact to all customers while continuing to foster competition

AEP Ohio, a unit of American Electric Power, will file a modified Electric Security Plan (ESP) for the period of June 2012 through May 2015 with the Public Utilities Commission of Ohio (PUCO) later today


March 22, 2012

AEP Notifies Reliability Organizations Of Planned Plant Retirements

AEP made official notifications to regional reliability organizations PJM Interconnection and Southwest Power Pool (SPP) of the company's plan to retire more than 4,600 megawatts (MW) of coal-fueled power generation, primarily to comply with a series of U.S. Environmental Protection Agency (EPA) regulations.


March 22, 2012

AEP Participates In "Green Button" Initiative To Give Customers Easy Access To Energy Consumption Data

AEP has announced it will participate in the Green Button initiative to provide customers with a simple, standardized way to download their energy usage information from their utility's website.


March 21, 2012

AEP Names Vegas President And Chief Operating Officer Of AEP Ohio Rozsa named interim Chief Information Officer

AEP has named Pablo A. Vegas president and chief operating officer of AEP Ohio, effective May 1.


March 8, 2012

AEP Retail Energy Completes Purchase Of Bluestar Energy

AEP and its unregulated subsidiary AEP Retail Energy has completed the acquisition of BlueStar Energy Holdings Inc. and its independent retail electric supplier BlueStar Energy Solutions.


March 7, 2012

Statement From AEP About Today's PUCO Decision

Today's decision by the Public Utilities Commission of Ohio (PUCO) provides an appropriate short-term solution that fairly balances the interests of electric consumers with the need to protect the financial health of AEP Ohio.


March 6, 2012

AEP Ohio Files Notice Of Intent To Submit Modified Electric Security Plan Company will leave in place current rates pending outcome of proposed plan

AEP Ohio, a unit of American Electric Power, notified the Public Utilities Commission of Ohio (PUCO) yesterday of its intention to file a modified Electric Security Plan (ESP) by the end of March.


February 27, 2012

AEP Ohio Files Motion For Relief And Expedited Ruling Filing focuses specifically on generation capacity issue related to PUCO order.

AEP Ohio, a unit of American Electric Power (NYSE: AEP), filed today with the Public Utilities Commission of Ohio (PUCO) a motion for relief and request for expedited ruling related to the Commission's Feb. 23 order, specifically regarding generation capacity charges.


February 23, 2012

AEP Disappointed In Ruling By PUCO On Revised ESP

AEP and its AEP Ohio operating unit expressed disappointment with the order provided today by the Public Utilities Commission of Ohio (PUCO) on the company's revised Electric Security Plan (ESP).


February 10, 2012

AEP Announces 2012 Ongoing Earnings Guidance Range Of $3.05 To $3.25 Per Share, Details Plans For 4 Percent To 6 Percent Earnings Growth

AEP will share 2012 to 2014 plans, including 2012 ongoing earnings guidance (earnings excluding special items) and expected capital spend, during a meeting today with investors in New York.


February 7, 2012

AEP Only Utility On List Of Top 50 Companies For Executive Women

AEP is the lone utility company among the top 50 organizations for executive women, as rated by the National Association for Female Executives (NAFE).


February 3, 2012

AEP Announces Live Webcast Of Analyst And Investor Meeting Feb. 10

American Electric Power has scheduled a meeting with financial analysts and investors in New York, where the company will announce its 2012 ongoing earnings guidance, capital spending plans and other information.


February 1, 2012

AEP Increases Natural Gas-Fired Generation Capacity As Newly Constructed Dresden Plant Goes On Line

AEP has begun commercial operation of the Dresden natural gas-fired power plant, a nominal 580-megawatt combined-cycle generating unit.


January 27, 2012

AEP Reports 2011 Fourth-Quarter and Year-End Earnings, Brings Clarity to Regulatory Issues, Strengthens Balance Sheet

  • Fourth-quarter earnings $0.64 per share GAAP, $0.40 per share ongoing
  • 2011 year-end earnings $4.02 per share GAAP, $3.12 per share ongoing
  • Favorable impact of weather throughout the first three quarters of the year


January 25, 2012

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 47 cents a share on the company's common stock.


January 5, 2012

AEP Retail Energy to Acquire BlueStar Energy Transaction will enhance AEP's unregulated retail strategy

AEP and its unregulated subsidiary AEP Retail Energy announced today that the company has reached an agreement to acquire BlueStar Energy Holdings Inc. and its independent retail electric supplier BlueStar Energy Solutions.