February 25, 2014
AEP Names Beasley To Board Of Directors
J. Barnie Beasley Jr., former chairman, president and chief executive officer of Southern Nuclear Operating Co., a subsidiary of Southern Co., has been elected to the American Electric Power Board of Directors.
January 27, 2014
AEP Reports Strong 2013 Fourth-Quarter and Year-End Earnings;
Completes Ohio Corporate Separation
AEP today reported fourth-quarter 2013 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $346 million or $0.71 per share, compared with $21 million or $0.05 per share in 2012. Operating earnings (excluding special items) for fourth-quarter 2013 were $296 million or $0.60 per share, compared with fourth-quarter 2012 operating earnings of $242 million or $0.50 per share. The difference in fourth-quarter 2013 GAAP and operating earnings was primarily due to the reversal of a third-quarter Texas regulatory disallowance.
January 17, 2014
AEP to Bid On Canadian Transmission Project
AEP transmission subsidiary AEP Transmission Holding Co. is partnering with AltaLink LP to participate in the Alberta Electric System Operator's (AESO) competitive process to build and operate the Fort McMurray West 500-kilovolt (kV) Transmission Project in the province of Alberta, Canada. Owned equally by AEP Transmission Holding Co. and AltaLink LP, the joint venture will operate as Athabasca Transmission. The project will be developed under AEP Transmission Holding Co. subsidiary Transource Energy LLC pending approval from the AESO.
January 15, 2014
AEP Generation Resources Seeks Bids For coal
COLUMBUS, Ohio, Jan. 15, 2014 - AEP Generation Resources (AEPGR), a competitive company within American Electric Power (NYSE: AEP), is seeking offers for the supply of coal to one or more of its generating stations.