News Releases
September 22, 2023
September 22, 2023
Kentucky Power Issues Request for Proposals for Generation Resources
Kentucky Power, an American Electric Power (Nasdaq: AEP) 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 (Nasdaq: AEP) 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.
August 1, 2023
August 1, 2023
AEP Recognized as One of the Best Companies to Work For
American Electric Power was named one of the 2023-2024 Best Companies to Work For by U.S. News & World Report.
American Electric Power was named one of the 2023-2024 Best Companies to Work For by U.S. News & World Report.
July 31, 2023
July 31, 2023
AEP to Redeem Senior Notes
American Electric Power Company, Inc. announced that on Aug. 30, 2023, it will redeem the entire outstanding $600 million principal amount of its Floating Rate Notes, Series A, due 2023 (CUSIP NO. 025537 AS0). The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption.
American Electric Power Company, Inc. announced that on Aug. 30, 2023, it will redeem the entire outstanding $600 million principal amount of its Floating Rate Notes, Series A, due 2023 (CUSIP NO. 025537 AS0). The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption.
July 27, 2023
July 27, 2023
AEP Reports Second-Quarter 2023 Earnings; Reaffirms 2023 Guidance
- Second-quarter 2023 GAAP earnings of $1.01 per share; operating earnings of $1.13 per share
- 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- Sale process announced for two non-core transmission joint ventures; unregulated renewables sale expected to close in August; sale of retail and distributed resources businesses on track
- Second-quarter 2023 GAAP earnings of $1.01 per share; operating earnings of $1.13 per share
- 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- Sale process announced for two non-core transmission joint ventures; unregulated renewables sale expected to close in August; sale of retail and distributed resources businesses on track
July 25, 2023
July 25, 2023
AEP Recognized as One of America's Best Employers for Women
American Electric Power was named in Forbes magazine’s America’s Best Employers for Women 2023 list for the fourth year in a row.
American Electric Power was named in Forbes magazine’s America’s Best Employers for Women 2023 list for the fourth year in a row.
July 24, 2023
July 24, 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, July 27. 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, July 27. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
July 18, 2023
July 18, 2023
AEP Declares Quarterly Dividend on Common Stock
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 83 cents a share on the company’s common stock.
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 83 cents a share on the company’s common stock.
June 29, 2023
June 29, 2023
Louisiana Public Service Commission Approves SWEPCO Renewable Projects
Southwestern Electric Power Co., an American Electric Power (Nasdaq: AEP) company, has received approval by the Louisiana Public Service Commission (LPSC) to move forward with its fuel-free power plan to acquire up to 999 megawatts (MW) of renewable generation resources.
Southwestern Electric Power Co., an American Electric Power (Nasdaq: AEP) company, has received approval by the Louisiana Public Service Commission (LPSC) to move forward with its fuel-free power plan to acquire up to 999 megawatts (MW) of renewable generation resources.
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