American Electric Power Seeks Offers For Low-Sulfur Coal For Its Ohio Power Company Subsidiary

American Electric Power is seeking offers to supply low-sulfur coal to one or more power plants operated by its Ohio Power Co. subsidiary.

AEP´s Cook Nuclear Unit 1 Reaches Full Reactor Power

AEP´s Cook Nuclear Plant Unit 1 reached full power Tuesday after completing testing and monitoring of the restored turbine generator system. Reactor start-up began last Friday, and an initial connection to the transmission grid took place early Saturday morning. Although at full reactor power, the electrical output will be reduced by an annual average of approximately 70 megawatts because the repaired low-pressure turbine rotors do not include the largest row of blades. New low-pressure turbine rotors that support full electrical output will be installed in the fall of 2011.

AEP Begins Testing Repaired Cook Nuclear Unit 1 Turbine Generator

AEP has restarted the Cook Nuclear Plant Unit 1 reactor and has begun testing the unit’s repaired turbine generator system. The 1,030-megawatt unit has been out of service since September 2008 when turbine vibrations, caused by broken low-pressure turbine blades, damaged the turbine generator, support structures and associated systems.

AEP Selected to Receive DOE Funds to Advance Carbon Dioxide Capture and Storage to Commercial Scale

American Electric Power was notified by the U.S. Department of Energy that it was selected to receive funding through the Clean Coal Power Initiative Round 3 to pay part of the costs of installing the nation’s first commercial-scale carbon dioxide capture and storage system on its Mountaineer coal-fired power plant in New Haven, W.Va.

AEP Subsidiary Public Service Company of Oklahoma to Redeem Senior Notes

Public Service Company of Oklahoma, a public utility subsidiary of American Electric Power today announced that on December 21, 2009, it will redeem the entire outstanding $150,000,000 principal amount of unsecured 4.85% Senior Notes, Series C, due September 15, 2010.

SWEPCO to Purchase Valley Electric Membership Corporation Assets

American Electric Power utility subsidiary AEP Southwestern Electric Power Company (SWEPCO) has signed a letter of intent to purchase the transmission and distribution assets of Valley Electric Membership Corporation (VEMCO).

AEP Is Honored As Military-Friendly Employer For Seventh Consecutive Year

G.I. Jobs magazine has named American Electric Power one of the nation’s 100 most "military-friendly" employers for the seventh consecutive year.

AEP Sets 2010 Ongoing Earnings Guidance, Capital Expenditures Budget; Formation of a transmission company planned as part of grid strategy

AEP has set its ongoing earnings guidance range and capital expenditures budget for 2010. AEP will also form a transmission company as part of its strategy to pursue transmission investment opportunities in AEP’s traditional footprint.

AEP and Alstom Commission First of Its Kind Carbon Capture and Sequestration (CCS) Project; Project will capture and store approximately 100,000 tonnes of CO2 annually

Federal and state government officials today joined executives from American Electric Power (NYSE: AEP) and Alstom at AEP’s Mountaineer Plant to formally commission the world’s first project to both capture and store carbon dioxide (CO2) from a coal-fired power plant. The officials hailed the project as a significant milestone in the effort to reduce CO2 emissions from the combustion of fossil fuels.

AEP Reports 2009 Third-Quarter Earnings

  • 2009 third-quarter earnings $0.93 per share GAAP and ongoing
  • AEP tightens 2009 ongoing guidance range to between $2.90 and $3.05 per share from previous range of between $2.75 and $3.05 per share
  • Third-quarter ongoing EPS matches prior period despite dilutive effect of additional shares outstanding, mild weather, weak economy

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