2013 News Releases

December 26, 2013

AEP Receives All Necessary Approvals To Complete Separation of Its Ohio Assets

AEP has received all necessary approvals to separate its AEP Ohio-owned generation assets from its Ohio distribution and transmission operations and complete transfer of that generation to AEP's competitive generation company - AEP Generation Resources Inc. - and regulated affiliates Appalachian Power and Kentucky Power.


December 16, 2013

AEP Receives Approval From West Virginia Commission To Transfer Amos Generation To Appalachian Power

AEP received approval Dec. 13 from the Public Service Commission of West Virginia (West Virginia PSC) to transfer the AEP Ohio-owned portion of John E. Amos Plant Unit 3 to Appalachian Power.


December 10, 2013

AEP Board Elects Akins Chairman

The Board of Directors of American Electric Power elected Nicholas K. Akins chairman of the board, effective Jan. 1, 2014.


December 9, 2013

AEP Recognized As LGBT-Friendly Employer By Human Rights Campaign Foundation

AEP has been recognized for its commitment to lesbian, gay, bisexual and transgender (LGBT) workplace equality by the Human Rights Campaign Foundation.


December 9, 2013

ETT Energizes Last of Seven CREZ Transmission Lines in West Texas

Electric Transmission Texas, LLC (ETT) has energized the last of seven 345-kilovolt (kV) transmission line projects associated with the Competitive Renewable Energy Zones (CREZ) initiative in west Texas.


November 20, 2013

AEP Subsidiary Indiana Michigan Power To Redeem Senior Notes

Indiana Michigan Power Company, a public utility subsidiary of American Electric Power, announced that on Dec. 20, 2013, it will redeem the entire outstanding $175 million principal amount of its 5.05 percent Senior Notes, Series F, due 2014.


November 20, 2013

Texas Commission Approves SWEPCO Rates for Increase

The Public Utility Commission of Texas (PUCT) has approved a base rate increase for Southwestern Electric Power Company (SWEPCO), a unit of American Electric Power.


November 10, 2013

AEP Sets 2014-2016 Operating Earnings Guidance Ranges, Outlines Strategy To Support 4 To 6 Percent Operating Earnings Growth

American Electric Power has set its operating earnings guidance ranges and capital expenditure budgets for 2014 through 2016. AEP management will discuss the company's financial outlook and earnings growth strategy at the annual Edison Electric Institute Financial Conference that begins today in Orlando, Fla.


November 5, 2013

AEP Honored As Top 100 Military-Friendly Employer

American Electric Power has been recognized as one of the nation's top 100 "military-friendly" employers by G.I. Jobs Magazine.


November 4, 2013

American Electric Power Seeks Bids For Coal

AEP is seeking offers for the supply of coal to one or more of its generating stations.


November 4, 2013

AEP Announces Live Webcast Of Presentation By Chief Executive Officer At EEI Financial Conference Nov. 12

AEP has scheduled a live audio webcast of remarks by AEP President and Chief Executive Officer Nicholas K. Akins Nov. 12 at the 48th annual Edison Electric Institute Financial Conference in Orlando, Fla.


October 23, 2013

AEP Reports 2013 Third-Quarter Earnings; Narrows Operating Earnings Guidance to Upper Half of Range

  • Third-quarter earnings $0.89 per share GAAP and $1.10 per share operating
  • Corporate separation plan moving forward; earnings growth strategy on track
  • 2013 operating earnings guidance range narrowed from $3.05 to $3.25 per share to $3.15 to $3.25 per share


October 22, 2013

AEP Increases Quarterly Dividend To 50 Cents A Share

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 50 cents a share on the company's common stock, increasing the dividend 2 percent from the previous 49 cents a share.


October 16, 2013

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. 23.


October 16, 2013

AEP Foundation Announces $5 Million Grant To Help Columbus City Schools Students Earn College Credit And Career Certifications

The AEP Foundation is funding a new pilot initiative with the Columbus State Community College Foundation to launch a STEM (science, technology, engineering, math) dual enrollment program at Columbus City high schools.


October 9, 2013

American Electric Power Seeks Bids For Coal

AEP is seeking offers for the supply of low-sulfur coal to one or more of its generating stations.


September 23, 2013

Live Webcast Scheduled Of Panel Presentation Featuring AEP Executive At Wolfe Research Conference

AEP has scheduled a live audio webcast of a panel presentation featuring Brian X. Tierney, AEP executive vice president and chief financial officer, at the Wolfe Research Power & Gas Leaders Conference in New York on Sept. 25.


September 17, 2013

AEP To Retire Entire Tanners Creek Plant In Indiana

AEP operating unit Indiana Michigan Power today announced that it will retire the 500-megawatt (MW) coal-fueled Tanners Creek 4 generating unit in Lawrenceburg, Ind., along with the other generating units at the plant.


September 5, 2013

AEP Chief Financial Officer To Address Investors At Barclays Capital Conference

American Electric Power has scheduled a live audio webcast of a presentation by Brian X. Tierney, AEP executive vice president and chief financial officer, at the Barclays Capital CEO Energy-Power Conference in New York on Sept. 12.


September 4, 2013

Live Webcast Scheduled Of Presentation By AEP Executive At INVESTOhio Conference Sept. 12

American Electric Power has scheduled a live audio webcast of a presentation by Julie Sloat, senior vice president and treasurer, at the 2013 INVESTOhio Equity Conference in Columbus on Sept. 12.


September 3, 2013

AEP Honored As Adoption-Friendly Workplace For Seventh Time

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


August 26, 2013

AEP Energy Launches Enhanced Website

AEP Energy, a competitive retail electric service provider, recently launched a new, enhanced version of its website at aepenergy.com.


August 9, 2013

American Electric Power Seeks Bids For Powder River Basin Coal

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


August 6, 2013

Live Webcast Scheduled Of Panel Presentation Featuring AEP Executive At Goldman Sachs Conference

AEP has scheduled a live audio webcast of a panel presentation featuring Robert P. Powers, executive vice president and chief operating officer, at the Goldman Sachs Power and Utility Conference Aug. 8 in New York.


August 5, 2013

ETT Energizes First Of Seven CREZ Transmission Lines In West Texas; Others Slated For Completion By Year-End

Electric Transmission Texas, LLC (ETT) has energized the first of seven 345-kilovolt (kV) transmission line projects associated with the Competitive Renewable Energy Zone (CREZ) initiative in west Texas.


August 1, 2013

Turk Plant wins POWER Magazine Plant of the Year Award

AEP's John W. Turk, Jr. Power Plant Wins POWER's Plant of the Year Award


August 1, 2013

AEP Receives Approval From Virginia Commission To Transfer Amos Plant Ownership To Appalachian Power

Company may re-evaluate Wheeling Power merger with denial of Mitchell Plant ownership transfer.

American Electric Power yesterday received approval from the Virginia State Corporation Commission (SCC) to transfer the AEP Ohio-owned portion of John E. Amos Plant Unit 3 to Appalachian Power.


July 25, 2013

AEP Reports 2013 Second-Quarter Earnings, Reaffirms 2013 Operating Earnings Guidance

  • Second-quarter earnings $0.69 per share GAAP and $0.73 per share operating
  • Earnings growth strategy on track with continued investment in the regulated businesses; O&M cost controls on target
  • Company reaffirms operating earnings guidance range for 2013 of $3.05 to $3.25 per share


July 24, 2013

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


July 22, 2013

AEP Subsidiary Ohio Power To Redeem Senior Notes

Ohio Power Company, a public utility subsidiary of American Electric Power, today announced that on Aug. 12, 2013, it will redeem the entire outstanding $225 million principal amount of its 6.375 percent Senior Notes, Series I, due 2033.


July 18, 2013

AEP Schedules Live Webcast Of Quarterly Earnings Call

AEP has scheduled a quarterly earnings conference call with financial analysts for 9 a.m. EDT Thursday, July 25


July 11, 2013

AEP Expects To Retire 585-Megawatt Coal-Fueled Unit In Ohio

AEP announced today that it expects to retire its 585-megawatt (MW) coal-fueled Muskingum River Plant Unit 5 in Beverly, Ohio, in 2015.


June 28, 2013

AEP Announces Nine Qualified Data Center Sites

AEP has received designations for nine data center sites after a comprehensive review of locations across its 11-state territory.


June 11, 2013

Michael Yackira Elected EEI Chairman; Ted Craver, Nick Akins and Tom Fanning Elected Vice Chairmen

The announcement was made during EEI's annual meeting. The Institute's chairmanship rotates on an annual basis.


June 10, 2013

PSO Issues RFP for Renewable Energy Resources

American Electric Power subsidiary Public Service Company of Oklahoma (PSO) today issued a request for proposals (RFP) seeking long-term purchases of up to 200 megawatts (MW) of new wind energy resources.


June 10, 2013

American Electric Power Awarded EEI's 2013 Edison Award

AEP received Edison Electric Institute's (EEI's) 2013 Edison Award, the electric power industry's most prestigious honor, for the company's completion and commercial operation of the John W. Turk, Jr. Power Plant located in Hempstead County, Ark.


May 29, 2013

American Electric Power Seeks Bids For Mid-Sulfur and High-Sulfur Coal

AEP is seeking proposals for the supply of mid-sulfur and high-sulfur coal to one or more of its generating stations.


May 21, 2013

AEP Announces Live Webcast Of Presentation By CEO At Sanford Bernstein Conference May 29

American Electric Power has scheduled a live audio webcast of remarks by Nicholas K. Akins, AEP president and chief executive officer, at the Sanford C. Bernstein Strategic Decisions Conference May 29 in New York City.


May 16, 2013

Texas PUC approves ETT application to build Laredo-to-Rio Grande Valley transmission line

The Public Utility Commission of Texas (PUCT) unanimously approved May 9 an application by Electric Transmission Texas, LLC (ETT) for a Certificate of Convenience and Necessity (CCN) to build a 345-kV transmission line from the Laredo area into the Rio Grande Valley.


May 3, 2013

American Electric Power Seeks Bids For Coal

AEP is seeking offers for the supply of low-sulfur coal to one or more of its generating stations.


May 2, 2013

AEP Releases 2013 Corporate Accountability Report Report highlights fuel mix projections, features new interactive app

American Electric Power has released its 2013 Corporate Accountability Report, an overview of its strategy and business performance. The web-based report, available at www.AEPSustainability.com, is complemented by a new interactive app available on iTunes, a link to which is included on the website.


May 1, 2013

AEP Receives FERC Approvals To Transfer Ohio Generating Assets

AEP received approval from the Federal Energy Regulatory Commission (FERC) to separate its Ohio generating assets from its Ohio distribution and transmission operations and transfer these assets to a competitive generation company and regulated affiliates. AEP is awaiting FERC approval of additional transactional agreements between AEP affiliates.


April 26, 2013

AEP Reports 2013 First-Quarter Earnings


  • First-quarter earnings: $0.75 per share GAAP and $0.80 per share operating; difference due to a change in Virginia law and restructuring charge

  • Quarterly dividend increased 4.3 percent April 23 to $0.49 per share

  • Strong residential and commercial load; industrial load remains challenged

  • Disciplined cost controls and process improvements


April 24, 2013

U.S. EPA Recognizes AEP Ohio As 2013 Energy StarĀ® Partner Of The Year In Energy Efficiency Program Delivery

The U.S. Environmental Protection Agency (EPA) recently presented AEP Ohio, a unit of American Electric Power, a Partner of the Year Award for its Efficient Products program.


April 23, 2013

AEP Increases Quarterly Dividend To 49 Cents A Share

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 49 cents a share on the company's common stock, increasing the dividend 4.3 percent from the previous 47 cents a share. AEP last increased its dividend in October 2011.


April 23, 2013

AEP Well-Positioned For Continued Earnings Growth, Shareholders Learn At Company's Annual Meeting

AEP continues to deliver shareholder value and is well-positioned to support an earnings growth rate of 4 percent to 6 percent, according to Nicholas K. Akins, AEP's president and chief executive officer. Akins addressed shareholders at the company's annual meeting today in Columbus, Ohio.


April 19, 2013

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, April 26.


April 18, 2013

Chicago Cubs Introduce AEP Energy As Official Partner Of The Cubs And Wrigley Field

The Chicago Cubs and AEP Energy have announced a three-year partnership making AEP Energy the Official Energy Partner of the Chicago Cubs and Wrigley Field and the Official Energy Supplier of Wrigley Field.


April 17, 2013

Media Advisory: AEP Annual Meeting Scheduled April 23 In Columbus, Ohio

American Electric Power will host its annual meeting of shareholders Tuesday, April 23, in Columbus, Ohio, with remarks by Nicholas K. Akins, president and chief executive officer.


March 18, 2013

American Electric Power Seeks Bids For Compliance Coal

AEP is seeking spot-coal delivery proposals for 20,000 tons per month for five months beginning May 1. In addition to the base tonnage, AEP is seeking a monthly option of 10,000 tons per month during the term, delivered by rail and/or barge.


February 15, 2013

AEP Reports 2012 Fourth-Quarter and Year-End Earnings

  • Fourth-quarter earnings $0.05 per share GAAP and $0.50 per share operating; difference primarily due to Ohio plant impairments and restructuring charges
  • 2012 year-end earnings $2.60 per share GAAP and $3.09 per share operating
  • Continued discipline around controlling costs
  • John W. Turk Jr. coal-fueled generation plant on line in December 2012


February 15, 2013

AEP to Detail 2013 Business Plans, Strategy to Support 4 to 6 Percent Operating Earnings Growth

AEP will discuss fourth-quarter and 2012 earnings results, the company's 2013 business plan, expected capital investment and its growth strategy during a meeting today with investors in New York.


February 4, 2013

AEP Schedules Live Webcast Of Quarterly Earnings Meeting

American Electric Power has scheduled a quarterly earnings meeting with financial analysts and investors from 8 a.m. to 10:30 a.m. EST Friday, Feb. 15.


January 23, 2013

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 22, 2013

AEP Names Richard To Board Of Directors

Oliver G. "Rick" Richard III, former chairman, president and chief executive officer of Columbia Energy Group, has been elected to the American Electric Power Board of Directors.


January 10, 2013

AEP Honored For Disaster Assistance And Response

American Electric Power and its utility subsidiaries were honored today by the Edison Electric Institute (EEI) for their efforts to restore power and assist other electric utilities in restoring power following two severe weather events in 2012. EEI is the association of shareholder-owned electric utility companies.