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American Electric Power Company Inc (AEP.N)

AEP.N on New York Stock Exchange

79.27USD
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

AEP Signs Agreement To Purchase Wind Assets From Sempra, Deal For About $1.056 Bln
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - American Electric Power Company Inc ::AEP SIGNS AGREEMENT TO PURCHASE WIND ASSETS FROM SEMPRA, DEAL FOR ABOUT $1.056 BILLION.AMERICAN ELECTRIC POWER - DEAL HAS $551 MILLION IN CASH, ASSUMPTION OF $343 MILLION IN EXISTING PROJECT DEBT AND $162 MILLION IN TAX EQUITY OBLIGATION.AMERICAN ELECTRIC POWER - REAFFIRMS ITS 2019 OPERATING EARNINGS GUIDANCE RANGE OF $4.00 TO $4.20 PER SHARE..AEP EXPECTS TO FINANCE THE ACQUISITION WITH A COMBINATION OF DEBT, EQUITY, AND/OR EQUITY-LINKED SECURITIES.BP WIND ENERGY WILL RETAIN ITS OWNERSHIP SHARE OF WIND FARM PROJECTS.FY2019 EARNINGS PER SHARE VIEW $4.12 -- REFINITIV IBES DATA.  Full Article

American Electric Power Co Reports Q4 2018 Earnings Of $0.74 Per Share
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - American Electric Power Company Inc ::AEP REPORTS STRONG 2018 FOURTH-QUARTER AND YEAR-END EARNINGS.COMPANY REAFFIRMS 2019 OPERATING EARNINGS GUIDANCE RANGE OF $4.00 TO $4.20 PER SHARE.FOURTH-QUARTER 2018 EARNINGS OF $0.74 PER SHARE GAAP AND $0.72 PER SHARE OPERATING.DIFFERENCE BETWEEN YEAR-END 2018 GAAP AND OPERATING EARNINGS WAS LARGELY DUE TO SEVERANCE CHARGES.AMERICAN ELECTRIC POWER COMPANY - CO REAFFIRMS 5 TO 7 PERCENT OPERATING EARNINGS GROWTH RATE IN 2019 .INVESTMENTS IN TRANSMISSION BUSINESS REMAIN ON TRACK.QTRLY REVENUE $3.8 BILLION VERSUS $3.8 BILLION.EXPECT POSITIVE ECONOMIC ACTIVITY TO CONTINUE IN 2019, ESPECIALLY RELATED TO OIL AND GAS DEVELOPMENT.Q4 EARNINGS PER SHARE VIEW $0.71 -- REFINITIV IBES DATA.Q4 REVENUE VIEW $4.04 BILLION -- REFINITIV IBES DATA.  Full Article

AEP To Support Continued 5 To 7 Pct Operating Earnings Growth With Investments In Regulated Businesses And Renewables
Sunday, 11 Nov 2018 

Nov 11 (Reuters) - American Electric Power Company Inc ::AEP TO SUPPORT CONTINUED 5 TO 7 PERCENT OPERATING EARNINGS GROWTH WITH INVESTMENTS IN REGULATED BUSINESSES AND RENEWABLES.AMERICAN ELECTRIC POWER - CO REAFFIRMED ITS 2019 OPERATING EARNINGS GUIDANCE RANGE OF $4.00 TO $4.20 PER SHARE.COMPANY ALSO REAFFIRMED ITS 2019 PROJECTED ANNUAL OPERATING EARNINGS GROWTH RATE OF 5 TO 7 PERCENT.AMERICAN ELECTRIC POWER - CO PLANS TO INVEST $33 BILLION IN CAPITAL FROM 2019 THROUGH 2023.AMERICAN ELECTRIC POWER - CO PLANS TO INVEST ABOUT $16.6 BILLION IN TRANSMISSION BUSINESSES, $8.3 BILLION IN DISTRIBUTION BUSINESSES OVER NEXT 5 YEARS.  Full Article

AEP Reports Third-Quarter 2018 GAAP Earnings Of $1.17 Per Share
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - American Electric Power Company Inc ::AEP REPORTS THIRD-QUARTER 2018 EARNINGS; RAISES AND NARROWS FULL-YEAR OPERATING EARNINGS (NON-GAAP) GUIDANCE RANGE TO $3.88 TO $3.98 PER SHARE.THIRD-QUARTER 2018 GAAP EARNINGS OF $1.17 PER SHARE.THIRD-QUARTER 2018 OPERATING EARNINGS OF $1.26 PER SHARE.THIRD-QUARTER 2018 OPERATING EARNINGS OF $1.26 PER SHARE.RAISES AND NARROWS FULL-YEAR OPERATING EARNINGS (NON-GAAP) GUIDANCE RANGE TO $3.88 TO $3.98 PER SHARE.AEP'S BOARD VOTED EARLIER THIS WEEK TO BOOST OUR QUARTERLY DIVIDEND BY 5 CENTS TO 67 CENTS PER SHARE, UP 8.1 PERCENT.QTRLY REVENUE $4.3 BILLION VERSUS $4.1 BILLION.Q3 EARNINGS PER SHARE VIEW $1.21 -- THOMSON REUTERS I/B/E/S.Q3 REVENUE VIEW $4.21 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $3.94 -- THOMSON REUTERS I/B/E/S.AEP - EXPECT TO END 2018 WITH POSITIVE LOAD GROWTH, BUT ARE BEING TEMPERED BY TIGHTENING LABOR MARKETS, HIGHER INFLATION, ESCALATING TRADE TENSIONS.  Full Article

FuelCell Energy Sells Project To AEP
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - FuelCell Energy Inc ::PRESS RELEASE - FUELCELL ENERGY SELLS PROJECT TO AEP.FUELCELL ENERGY - SOLD PROJECT COMPANY THAT OWNS 1.4 MEGAWATT FUEL CELL POWER PLANT TO AEP ONSITE PARTNERS.  Full Article

AEP Cancels Wind Catcher Project
Friday, 27 Jul 2018 

July 27 (Reuters) - American Electric Power Company Inc ::AEP CANCELS WIND CATCHER PROJECT.IS CANCELING WIND CATCHER PROJECT AS A RESULT OF PUBLIC UTILITY COMMISSION OF TEXAS' JULY 26 DECISION TO DENY APPROVAL OF PROJECT.INVESTMENTS IN AEP'S REGULATED BUSINESSES TO CONTINUE TO SUPPORT CO'S 5 - 7 PERCENT EARNINGS GROWTH RATE.PLANS TO INVEST $24 BILLION IN 2018 THROUGH 2021 TO REBUILD,ENHANCE AGING INFRASTRUCTURE, ADD ADVANCED TECHNOLOGIES.  Full Article

ERCOT Sets New All-Time Peak Demand Record of 73,259 MW
Thursday, 19 Jul 2018 

July 19 (Reuters) - ELECTRIC RELIABILITY COUNCIL OF TEXAS (ERCOT)::TEXAS SET NEW ALL-TIME PEAK DEMAND RECORD ON THURSDAY DURING A HEAT WAVE-ERCOT.ERCOT SAYS SET NEW ALL-TIME SYSTEM-WIDE PEAK DEMAND RECORD TWO HOURS IN A ROW THIS AFTERNOON, TOPPING OUT AT 73,259 MW BETWEEN 4 AND 5 P.M..RELATED: TEXAS POWER USE HITS RECORD DURING HEAT WAVE, MORE PEAKS AHEAD -ERCOT nL1N1UF1FF.  Full Article

American Electric Power Says PSO, Customer Groups Seek Approval Of Wind Catcher Agreement
Tuesday, 24 Apr 2018 

April 24 (Reuters) - American Electric Power ::AMERICAN ELECTRIC POWER SAYS PSO, OKLAHOMA INDUSTRIAL ENERGY CONSUMERS, WALMART REACHED SETTLEMENT AGREEMENT ON PSO'S PROPOSED WIND CATCHER AGREEMENT.AMERICAN ELECTRIC POWER SAYS PSO, OIEC,WALMART REQUESTING OKLAHOMA CORPORATION COMMISSION APPROVE PROJECT UNDER TERMS OF SETTLEMENT AGREEMENT.  Full Article

AEP Reaches Settlement On Transmission Return On Equity For Eastern Cos
Thursday, 19 Apr 2018 

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.  Full Article

Southwestern Electric Power Says In Jan Enters Settlement Agreement With LPSC Staff
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Southwestern Electric Power Company::SOUTHWESTERN ELECTRIC POWER CO SAYS IN JAN 2018, CO ENTERED INTO A SETTLEMENT AGREEMENT WITH LOUISIANA PUBLIC SERVICE COMMISSION STAFF - SEC FILING.SOUTHWESTERN ELECTRIC POWER SAYS IN OCT 2017, LPSC STAFF FILED TESTIMONY REGARDING CO'S EVALUATION OF SUSPENSION OF TURK PLANT DURING ITS CONSTRUCTION.‍SOUTHWESTERN ELECTRIC POWER-DETERMINED SETTLEMENT WITH LPSC​ STAFF WOULD RESULT IN DISALLOWANCE OF $18.5 MILLION OF PREVIOUSLY CAPITALIZED TURK PLANT COSTS.SOUTHWESTERN ELECTRIC POWER SAYS ‍IMPACT OF SETTLEMENT AGREEMENT WITH LPSC STAFF WILL REDUCE CO'S Q4 2017 PRE-TAX INCOME BY ABOUT $23 MILLION ​.  Full Article

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ChargePoint to equip Daimler dealers with electric car chargers

FRANKFURT ChargePoint, one of the world's biggest operators of charging equipment for electric vehicles, has struck a deal to supply Daimler retailers with slow and fast chargers.