American Electric Power Declares Quarterly Dividend On Common Stock

Wed Jan 23, 2013 11:41am EST

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COLUMBUS, Ohio,  Jan. 23, 2013  /PRNewswire/ -- The Board of Directors of
American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash
dividend of  47 cents  a share on the company's common stock.

The dividend is payable  March 8, 2013, to shareholders of record as of  Feb. 8,
2013, and is the company's 411th consecutive quarterly common stock cash
dividend. AEP has paid a cash dividend on its common stock every quarter since 
July 1910.

American Electric Power is one of the largest electric utilities in  the United
States, delivering electricity to more than 5 million customers in 11 states.
AEP ranks among the nation's largest generators of electricity, owning nearly
38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's
largest electricity transmission system, a nearly 39,000-mile network that
includes more 765-kilovolt extra-high voltage transmission lines than all other
U.S. transmission systems combined. AEP's transmission system directly or
indirectly serves about 10 percent of the electricity demand in the Eastern
Interconnection, the interconnected transmission system that covers 38 eastern
and central U.S. states and eastern  Canada, and approximately 11 percent of the
electricity demand in ERCOT, the transmission system that covers much of  Texas.
AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in 
Virginia  and  West Virginia), AEP Appalachian Power (in  Tennessee), Indiana
Michigan Power, Kentucky Power, Public Service Company of  Oklahoma, and
Southwestern Electric Power Company (in  Arkansas,  Louisiana  and east  Texas).
AEP's headquarters are in  Columbus, Ohio.

 

SOURCE  American Electric Power Co.


MEDIA: Tammy Ridout, Corporate Media Relations, +1-614-716-2347, ANALYSTS: Julie
Sherwood, Director, Investor Relations, +1-614-716-2663

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