December 30, 2008
American Electric Power announced today that its American Electric Power Service Corp. (AEPSC) subsidiary is seeking offers for the supply of low-sulfur coal to its Clinch River generating station, a subsidiary of Appalachian Power Co.
December 2, 2008
AEP To Pursue Development Of Transmission Superhighway To Transport Renewable Energy Across The Upper Midwest
American Electric Power is evaluating the feasibility of building a multi-state, extra-high voltage transmission project across the Upper Midwest to support the development of renewable energy.
December 1, 2008
American Electric Power continues work to repair Cook Nuclear Plant’s damaged Unit 1 turbine generator. A repair option may allow operation at reduced power, but the rotors will ultimately be replaced to ensure the long-term viability of the unit. The expected return-to-service timeline ranges from the second half of 2009, if repair is successful, to 2010 if the rotors must be replaced before operation.
November 10, 2008
G.I. Jobs magazine has named American Electric Power (NYSE: AEP) one of the nation’s 50 most “military-friendly” employers for the sixth consecutive year. AEP is among only seven companies that have appeared on the publication’s top-50 list each year since it was introduced in 2003.
November 9, 2008
American Electric Power is refining its ongoing earnings guidance range for 2009, citing the potential earnings impact of a variety of regulatory and economic factors.
November 5, 2008
AEP has scheduled a live audio webcast of remarks by Michael G. Morris, AEP chairman, president and chief executive officer, Nov. 11 at the 43rd annual Edison Electric Institute Financial Conference in Phoenix, Ariz.
October 31, 2008
- 2008 third-quarter earnings $0.93 per share GAAP and ongoing
- Unfavorable weather key factor in decline from prior year
- AEP tightens 2008 ongoing guidance range to between $3.15 and $3.25 per share
October 28, 2008
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 41 cents a share on the company’s common stock.
October 24, 2008
American Electric Power has scheduled its quarterly earnings conference call with financial analysts for 9 a.m. EDT Friday, Oct. 31. The call will be broadcast live over the Internet at http://www.aep.com/go/webcasts .
October 24, 2008
Initial inspections and disassembly of the main turbine are complete at American Electric Power’s (NYSE: AEP) Cook Nuclear Plant Unit 1, out of service since Sept. 20 after vibrations, likely caused by a broken low pressure turbine blade, damaged the main turbine. The vibration also caused a hydrogen leak, resulting in a fire in the main generator that caused minimal damage to the facility.
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