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AEP Reaches Settlement On Transmission Return On Equity For Eastern Cos


Thursday, 19 Apr 2018 11:58am EDT 

April 19 (Reuters) - American Electric Power Company Inc ::AEP REACHES SETTLEMENT ON TRANSMISSION RETURN ON EQUITY FOR EASTERN COMPANIES; INCORPORATES BENEFITS OF TAX REFORM INTO TRANSMISSION RATES.AMERICAN ELECTRIC POWER COMPANY - SETTLEMENT AGREEMENT INCLUDES ENTITIES IN INDIANA, KENTUCKY, MICHIGAN, OHIO, VIRGINIA AND WEST VIRGINIA.AMERICAN ELECTRIC POWER - AEP WILL MAKE 1 TIME REFUND OF $50 MILLION TO TRANSMISSION CUSTOMERS FOR PERIODS PRIOR TO 2018 THAT WILL BE CREDITED IN Q2 2018.AMERICAN ELECTRIC POWER COMPANY INC - AEP FILED UPDATED TRANSMISSION FORMULA RATES THAT INCORPORATE BENEFITS OF TAX REFORM FOR TRANSMISSION CUSTOMERS.AMERICAN ELECTRIC POWER COMPANY INC - TAX BENEFITS TOTAL ABOUT $163 MILLION FOR 2018. 

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