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American Electric Power Company Inc (AEP)

AEP on New York Consolidated

68.72USD
19 May 2017
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Latest Key Developments (Source: Significant Developments)

American Electric Power Company says seeking offers for supply of powder river basin coal
Tuesday, 16 May 2017 03:40pm EDT 

May 16 (Reuters) - American Electric Power Company Inc :American Electric Power Company Inc - is seeking offers for supply of powder river basin coal to one or more of its generating stations.American Electric Power - seeking spot delivery proposals for up to 2.25 million tons of PRB coal, FOB rail , beginning in July 2017 and ending in Dec 2017.  Full Article

American Electric says Vice Chairman Robert Powers indicated his intention to retire, effective Aug 4
Monday, 27 Feb 2017 04:51pm EST 

American Electric Power Company Inc : American electric power company - on feb 21, robert powers, co's vice chairman indicated his intention to retire from co effective aug 4 - sec filing .Powers will remain vice chairman of company until his retirement.  Full Article

AEP and Dynegy to transfer ownership of co-owned power plants
Thursday, 23 Feb 2017 05:05pm EST 

American Electric Power Company Inc : AEP and Dynegy to transfer ownership of co-owned power plants . Signed agreements to sell AEP's 330-megawatt (mw) share of zimmer plant to Dynegy . Agreements to purchase dynegy's 312-mw share of Conesville Plant . "There will be no employment impact from ownership transfers" . After transaction is complete, AEP would own 92 percent, or 1,461 mw, of conesville plant; 595 mw of cardinal plant . After transaction is complete, aep would own 603 mw of stuart plant and 48 mw racine plant .Transactions will not have a material impact on AEP earnings.  Full Article

American Electric Power announces retirement of Vice Chairman
Tuesday, 21 Feb 2017 03:00pm EST 

American Electric Power Company Inc : Robert P. (Bob) Powers, Vice Chairman, will retire from company .There are no current plans to fill vice chair position after Powers' retirement.  Full Article

AEP Ohio's plan to expand advanced energy delivery system approved
Wednesday, 1 Feb 2017 05:16pm EST 

American Electric Power Company Inc - : Received approval from public utilities commission of Ohio to implement its gridsmart phase 2 plan .Plan includes installation of 894,000 smart meters in 31 communities throughout Ohio over next four years.  Full Article

AEP reports Q4 GAAP earnings $0.76 per share
Thursday, 26 Jan 2017 06:57am EST 

American Electric Power Company Inc : AEP reports 2016 fourth-quarter and year-end earnings . . Q4 operating earnings per share $0.67 . Q4 GAAP earnings per share $0.76 . Q4 earnings per share view $0.55 -- Thomson Reuters I/B/E/S . Qtrly revenue $3.8 billion versus $3.6 billion . Q4 earnings per share view $0.55, revenue view $3.91 billion -- Thomson Reuters I/B/E/S . FY 2017 earnings per share view $3.67 -- Thomson Reuters I/B/E/S . Reaffirms FY 2017 operating earnings per share view $3.55 to $3.75 . American Electric Power Company Inc says "we expect to complete sale of four competitive power plants soon" . American Electric Power Company Inc - wrote down remaining competitive generation assets in Q3 of 2016 . American Electric Power Company Inc says estimated earnings per share on a GAAP basis would be $3.83 to $4.03 for 2017 . American electric power - expect modest overall load growth in 2017 . American Electric Power Company says "we expect modest overall load growth in 2017 as improving energy and metals prices support industrial growth" ."We also increased our quarterly dividend payment by 5.4 percent to 59 cents per share".  Full Article

American Electric Power Co raises dividend by 5.4 pct
Tuesday, 25 Oct 2016 10:14am EDT 

American Electric Power Company Inc : Increases quarterly dividend by 5.4 percent .Increases quarterly dividend to 59 cents a share.  Full Article

American Electric Power Q2 GAAP earnings per share $1.02
Thursday, 28 Jul 2016 06:57am EDT 

American Electric Power Company Inc : AEP reports strong 2016 second-quarter gaap and operating earnings . Q2 GAAP earnings per share $1.02 . Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S . Qtrly revenue $3.9 billion versus $3.8 billion . Q2 revenue view $4.01 billion -- Thomson Reuters I/B/E/S . Q2 operating earnings per share $0.95 . Full-year 2016 earnings per share view $3.67 -- Thomson Reuters I/B/E/S . Reaffirms full-year 2016 operating earnings per share view $3.60 to $3.80 .2016 estimated earnings per share on a gaap basis would be $3.67 to 3.87 per share.  Full Article

American Electric Power restructures two existing $1.75 bln credit agreements
Thursday, 30 Jun 2016 03:16pm EDT 

American Electric Power Company Inc : On June 30, restructured two existing $1.75 billion credit agreements to consist of 5-year $3 billion facility and 2-year $500 million facility .AEP entered into a $3 billion fourth amended and restated credit agreement, dated June 30, 2016.  Full Article

American Electric Power Company Inc reaffirms FY 2016 EPS guidance
Thursday, 28 Apr 2016 06:57am EDT 

American Electric Power Company Inc:Reaffirms FY 2016 operating earnings guidance range of $3.60 to $3.80 per share.  Full Article

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BRIEF-American Electric Power Company says seeking offers for supply of powder river basin coal

* American Electric Power Company Inc - is seeking offers for supply of powder river basin coal to one or more of its generating stations