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American Electric Power Company Inc (AEP.N)

AEP.N on New York Stock Exchange

73.15USD
22 Oct 2018
Change (% chg)

$-0.11 (-0.15%)
Prev Close
$73.26
Open
$73.32
Day's High
$73.48
Day's Low
$72.86
Volume
582,695
Avg. Vol
743,480
52-wk High
$78.07
52-wk Low
$62.71

Latest Key Developments (Source: Significant Developments)

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

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

Over 200,000 customers without power after Hurricane Michael

More than 200,000 homes and businesses in the U.S. Southeast were still without power on Tuesday after Hurricane Michael swept up the East Coast from Florida to Virginia last week, according to local power companies.