Key Developments: American Electric Power Company Inc (AEP)
12 Dec 2013
Latest Key Developments (Source: Significant Developments)
American Electric Power announced that earnings range for fiscal 2012 will be in the range of $3.05-$3.25 per share with a midpoint of $3.15. Earnings growth will be in the range of 4% to 6% supported by the rate-based growth of the regulated companies. Full Article
American Electric Power announced that it has declared a regular quarterly cash dividend of $0.47 a share on the Company's common stock. The dividend is payable March 9, 2012, to shareholders of record as of February 10, 2012. Full Article
American Electric Power and its unregulated subsidiary AEP Retail Energy announced that the Company has reached an agreement to acquire BlueStar Energy Holdings Inc. and its independent retail electric supplier BlueStar Energy Solutions. BlueStar, based in Chicago, provides electric supply for retail customers in Ohio, Illinois and other deregulated electricity markets. The company also provides energy solutions, including demand response and energy efficiency services, nationwide. BlueStar has been in operation since 2002 and has approximately 21,000 customer accounts. The terms of the agreement are not being disclosed. Full Article
Dec 9 - U.S. power company American Electric Power Co Inc said on Monday its Electric Transmission Texas venture energized the last of seven transmission line projects associated with the Competitive Renewable Energy Zones (CREZ) in west Texas.