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AEP Ohio Files Settlement Agreement On Expanded PPA Agreement provides price stability, supports economic development, adds significant environmental commitments

AEP Ohio, a unit of American Electric Power filed today with the Public Utilities Commission of Ohio (PUCO) a stipulated agreement in support of the company's expanded Purchase Power Agreement (PPA). The agreement will be signed or unopposed by 11 parties, including the PUCO staff, Sierra Club, Ohio Partners for Affordable Energy, Ohio Energy Group, Ohio Hospital Association, Mid-Atlantic Renewable Energy Coalition, as well as three competitive retail energy suppliers.

AEP Names McCord Vice President Safety & Health

American Electric Power has named Natalie J. McCord vice president, Safety & Health, effective Dec. 19. McCord will report to Lisa Barton, AEP's executive vice president, Transmission, who oversees AEP's Safety & Health program. McCord is replacing Ken Frazier who retired from the company at the end of October.

Grid Assurance™ Files Second Petition for Declaratory Order with the Federal Energy Regulatory CommissionCritical transmission equipment service company seeks additional declarations from FERC.

Grid Assurance™ today filed its second petition with the Federal Energy Regulatory Commission (FERC) seeking additional declarations that will provide regulatory clarity to further enable transmission-owning entities to participate in and subscribe to the service to strengthen transmission grid resiliency.

Appalachian Power Seeks Solar Energy Proposals In Virginia

Appalachian Power has issued pre-qualification documents for parties interested in bidding on an up-coming Request for Proposal (RFP) for up to 10 megawatts alternating current (MWac) of ground-mounted solar energy resources located in Virginia. The RFP will seek proposals that allow Appalachian either to own one or more solar projects or purchase such solar projects' output under one or more 20-year renewable energy purchase agreements.

AEP Completes Sale of AEP River Operations To ACL

American Electric Power today completed the sale of its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL), owned by Platinum Equity, for approximately $550 million.

AEP Narrows 2016 Operating Earnings Guidance Range, Raises Capex Forecast and Reinforces Earnings Growth Strategy

Company delivers solid shareholder value, ongoing 4 to 6 percent earnings growth with investment in regulated businesses

AEP Announces Live Webcast Of Presentation By Chief Executive Officer At EEI Financial Conference Nov. 10

American Electric Power has scheduled a live audio webcast of remarks by AEP Chairman, President and Chief Executive Officer Nicholas K. Akins Nov. 10 at the 50th annual Edison Electric Institute Financial Conference in Hollywood, Florida.

AEP Names Joel Gebbie To Lead Cook Nuclear Plant

Joel P. Gebbie has been named senior vice president and chief nuclear officer of American Electric Power's Donald C. Cook Nuclear Plant (Cook) in Bridgman, Mich., effective Jan. 1, 2016. Gebbie is currently site vice president at Cook, a dual-unit nuclear site with a total generating capacity of 2,150 megawatts.

AEP Reports Strong 2015 Third-Quarter Earnings, Increases 2015 Operating Earnings Guidance

  • Third-quarter 2015 GAAP and operating earnings $1.06 per share
  • 2015 operating earnings guidance range increased and narrowed to $3.67 to $3.77 per share from $3.50 to $3.65 per share
  • Investments in regulated businesses continue to support earnings growth

AEP Increases Quarterly Dividend To 56 Cents A Share

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 56 cents a share on the company's common stock, increasing the dividend 5.7 percent from the previous 53 cents a share. AEP last increased its dividend in October 2014.

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