AEP Announces Oct. 1 Transfer To Nasdaq Stock Market
American Electric Power (AEP) will transfer its stock listing from the NYSE to the Nasdaq Global Select Market, effective October 1, 2020. The last trading day on the NYSE is September 30, 2020. AEP, which provides electricity to nearly 5.5 million customers across 11 states, aims to align with Nasdaq's innovation-focused environment. Chairman Nicholas K. Akins stated this move supports AEP's transition to a cleaner energy future while enhancing shareholder value. AEP operates the largest electricity transmission system in the U.S. with significant renewable energy capabilities.
- Transfer to Nasdaq may enhance visibility and attract investment.
- Alignment with Nasdaq's innovation could support company's strategic goals.
- Focus on cleaner energy solutions may improve long-term sustainability.
- None.
COLUMBUS, Ohio, Sept.15, 2020 /PRNewswire/ -- American Electric Power Company (NYSE: AEP) today announced it will transfer its stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market, effective opening bell on Thursday, Oct. 1. The last day of trading on the NYSE will be Wednesday, Sept. 30. AEP's stock will continue to trade under the ticker symbol "AEP".
"As AEP transitions to a cleaner energy future, we're harnessing the power of technology to create new solutions for our customers, while bringing value to our shareholders," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "Nasdaq's tradition of innovation aligns well with our company's strategic goals, and we look forward to seeing the 'AEP' symbol traded among some of the most inventive and forward-thinking companies in the world."
American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's approximately 17,400 employees operate and maintain the nation's largest electricity transmission system and more than 221,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with more than 30,000 megawatts of diverse generating capacity, including approximately 5,300 megawatts of renewable energy. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. For more information, visit aep.com.
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SOURCE American Electric Power
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