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American Electric Power Company Inc (AEP.N)

AEP.N on New York Stock Exchange

66.47USD
23 May 2018
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Latest Key Developments (Source: Significant Developments)

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

AEP to fuel 5 to 7 pct earnings growth with investments in regulated business and renewables
Friday, 3 Nov 2017 

Nov 3 (Reuters) - American Electric Power Company Inc :AEP to fuel 5 to 7 percent earnings growth with investments in regulated business and renewables; raises capex.Reaffirms FY 2018 operating earnings per share view $3.75 to $3.95 excluding items.Reaffirms FY 2017 operating earnings per share view $3.55 to $3.68.American Electric Power Company Inc - ‍plans to invest $18.2 billion in capital from 2018 through 2020​.American Electric Power - ‍expects to invest $1.8 billion in new renewable generation from 2018 through 2020.  Full Article

AEP Ohio requests proposals for solar energy resources
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - American Electric Power Company Inc :Says ‍AEP Ohio is seeking proposals for up to 400 megawatts of solar energy resources; proposals are due Dec. 18.  Full Article

American Electric Power Company - clean energy project, wind catcher energy connection, to provide nearly 9 mln megawatt-hours of new wind energy annually
Wednesday, 26 Jul 2017 

July 26 (Reuters) - American Electric Power Company Inc :American Electric Power Company - clean energy project, wind catcher energy connection, to provide nearly 9 million megawatt-hours of new wind energy annually.American Electric Power Company Inc - total investment for project will be $4.5 billion, inclusive of all costs.  Full Article

Transource Energy says plans to develop Independence Energy Connection, a new overhead electric transmission project
Thursday, 1 Jun 2017 

June 1 (Reuters) - Transource Energy : :Transource Energy - Plans to develop Independence Energy Connection, a new overhead electric transmission project in Pennsylvania and Maryland.Transource Energy - Project totals $320 million & will connect to two existing 500-KV transmission lines in Pennsylvania.Transource Energy - Plans to file applications to construct project with state regulators by end of year.  Full Article

American Electric Power Co Q1 revenue $3.9 bln
Thursday, 27 Apr 2017 

April 27 (Reuters) - American Electric Power Company Inc :AEP reports 2017 first-quarter earnings; performance on track despite mild weather for the quarter.Q1 operating earnings per share $0.96.Q1 GAAP earnings per share $1.20.Sees FY 2017 operating earnings per share $3.55 to $3.75.Company reaffirms 2017 operating earnings guidance.Qtrly revenue $3.9 billion vs $4.0 billion.FY 2017 earnings per share view $3.65, revenue view $15.72 billion -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.95, revenue view $3.98 billion -- Thomson Reuters I/B/E/S.American Electric Power Company Inc sees fy 2017 gaap earnings per share $3.79 to $3.99.  Full Article

Taylor Morrison Home Corp Q1 earnings $0.30/shr
Thursday, 27 Apr 2017 

April 27 (Reuters) - Taylor Morrison Home Corp :Taylor Morrison reports first quarter sales orders of 2,425, an increase of 33%, revenue of $769 million and earnings per share of $0.30.Q1 earnings per share $0.30.Taylor Morrison Home Corp qtrly sales per outlet were 2.7, a 35% increase from prior year quarter.Taylor Morrison Home Corp qtrly net sales orders were 2,425, a 33% increase from prior year quarter.Taylor Morrison Home Corp qtrly total revenue was $769 million, a 19% increase from prior year quarter.Taylor Morrison Home Corp - backlog of homes under contract at end of quarter was 3,927 units, growth of 14% from prior year quarter.Taylor Morrison Home Corp- home closings are expected to be between 1,700 to 1,800 for Q2 2017.Taylor Morrison Home- homebuilding inventories $3.1 billion at quarter end, including 4,396 homes in inventory, versus 4,388 homes in inventory at end of prior year quarter.Taylor Morrison Home Corp- home closings are expected to be between 7,600 and 8,100 for full year 2017.Taylor Morrison Home Corp - sees land and development spend is expected to be approximately $1 billion for full year.Q1 earnings per share view $0.28, revenue view $746.4 million -- Thomson Reuters I/B/E/S.Taylor Morrison Home Corp - sees 2017 average active community count is expected to be generally flat relative to 2016.  Full Article

American Electric Power Co raises dividend by 5.4 pct
Tuesday, 25 Oct 2016 

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