News Releases
November 10, 2023
November 10, 2023
AEP Streamlining Business and Focusing on Regulated Operations to Benefit Customers, Reaffirms Long-term Growth Rate of 6 to 7 Percent
- 2024 operating earnings guidance range of $5.53 to $5.73 per share announced
- Five-year, $43 billion capital plan emphasizes investments in wires and renewables to support needs of customers
- Economic development strategy bolsters strong load projections over the next three years
- 2024 operating earnings guidance range of $5.53 to $5.73 per share announced
- Five-year, $43 billion capital plan emphasizes investments in wires and renewables to support needs of customers
- Economic development strategy bolsters strong load projections over the next three years
November 2, 2023
November 2, 2023
AEP Reports Third-Quarter 2023 Earnings, Narrows Guidance While Maintaining Midpoint
- Third-quarter 2023 GAAP earnings of $1.83 per share; operating earnings of $1.77 per share
- 2023 operating earnings (non-GAAP) guidance range narrowed to $5.24 to $5.34 per share, midpoint maintained at $5.29
- Long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15% reaffirmed
- Third-quarter 2023 GAAP earnings of $1.83 per share; operating earnings of $1.77 per share
- 2023 operating earnings (non-GAAP) guidance range narrowed to $5.24 to $5.34 per share, midpoint maintained at $5.29
- Long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15% reaffirmed
October 30, 2023
October 30, 2023
AEP Schedules Live Webcast of Quarterly Earnings Call
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Nov. 2. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Nov. 2. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
October 26, 2023
October 26, 2023
AEP Selected as Best Internship in Energy and Renewables Industry
American Electric Power was selected as the best and highest-rated internship in the energy and renewables industry in Vault’s 2024 Internship Rankings.
American Electric Power was selected as the best and highest-rated internship in the energy and renewables industry in Vault’s 2024 Internship Rankings.
October 24, 2023
October 24, 2023
AEP Increases Quarterly Dividend to 88 Cents a Share
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock, an increase of 5 cents per share. The increase is in line with the company’s 6% to 7% operating earnings growth range.
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock, an increase of 5 cents per share. The increase is in line with the company’s 6% to 7% operating earnings growth range.
October 19, 2023
October 19, 2023
AEP Selected to Receive Federal Grant to Enhance Grid Reliability
American Electric Power has been selected for a $27.8 million federal grant under the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships (GRIP) program to help improve service and build a more modern, responsive electric grid for customers across its footprint.
American Electric Power has been selected for a $27.8 million federal grant under the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships (GRIP) program to help improve service and build a more modern, responsive electric grid for customers across its footprint.
October 2, 2023
October 2, 2023
AEP Appoints Charles E. Zebula Chief Financial Officer
Company reaffirms 2023 operating earnings guidance range of $5.19 to $5.39 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
Company reaffirms 2023 operating earnings guidance range of $5.19 to $5.39 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
September 22, 2023
September 22, 2023
Kentucky Power Issues Request for Proposals for Generation Resources
Kentucky Power, an American Electric Power company, issued today three Requests for Proposals (RFPs) to secure additional resources to satisfy the needs of its customers.
Kentucky Power, an American Electric Power company, issued today three Requests for Proposals (RFPs) to secure additional resources to satisfy the needs of its customers.
August 21, 2023
August 21, 2023
AEP Board Elects Sloat Chair, Names Stoddard Board Member
The Board of Directors of American Electric Power has elected Julie Sloat chair of the Board, effective Oct. 2. Sloat is AEP’s president and chief executive officer. In addition, Daniel G. "Dan" Stoddard, retired senior vice president, chief nuclear officer and president of Contracted Assets for Dominion Energy, has been elected to the Board.
The Board of Directors of American Electric Power has elected Julie Sloat chair of the Board, effective Oct. 2. Sloat is AEP’s president and chief executive officer. In addition, Daniel G. "Dan" Stoddard, retired senior vice president, chief nuclear officer and president of Contracted Assets for Dominion Energy, has been elected to the Board.
August 16, 2023
August 16, 2023
AEP Completes Sale of Unregulated Renewables Assets
American Electric Power has completed the sale of its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings, a partnership owned by Invenergy, CDPQ and funds managed by Blackstone Infrastructure, at an enterprise value of $1.5 billion including project debt. AEP nets approximately $1.2 billion in cash after taxes, transaction fees and other customary adjustments.
American Electric Power has completed the sale of its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings, a partnership owned by Invenergy, CDPQ and funds managed by Blackstone Infrastructure, at an enterprise value of $1.5 billion including project debt. AEP nets approximately $1.2 billion in cash after taxes, transaction fees and other customary adjustments.
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