AEP SCHEDULES LIVE WEBCAST OF QUARTERLY EARNINGS CALL

Rhea-AI Summary

American Electric Power (AEP) has scheduled a quarterly earnings conference call for Feb. 23, 2023, at 9 a.m. ET, to discuss financial results with analysts. The call will be accessible live via webcast, featuring audio and visuals. AEP, headquartered in Columbus, Ohio, delivers power to 5.5 million customers across 11 states and operates the largest electricity transmission system in the U.S. The company aims to increase its renewable generation portfolio to 50% by 2032 and target an 80% reduction in carbon emissions by 2030, committing to net-zero emissions by 2045.

Positive

• Plans to grow renewable generation portfolio to 50% by 2032.
• Targeting 80% reduction in carbon dioxide emissions by 2030.
• Commitment to achieving net-zero emissions by 2045.

Negative

• None.

COLUMBUS, Ohio, Feb. 16, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Feb. 23. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

The webcast will include audio of the call as well as visuals of charts and graphics referred to by AEP management during the call. 

The call will be archived on http://www.aep.com/webcasts for use by those unable to listen to the live webcast.

American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 17,000 employees operate and maintain the nation's largest electricity transmission system and more than 224,000 miles of distribution lines to safely deliver reliable and affordable power to 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 6,900 megawatts of renewable energy. The company's plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2032. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and has committed to achieving net zero by 2045. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. 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, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com.

 

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SOURCE American Electric Power

FAQ

When is American Electric Power's quarterly earnings call scheduled?

American Electric Power's quarterly earnings call is scheduled for Feb. 23, 2023, at 9 a.m. ET.

How can I listen to the AEP earnings call?

The AEP earnings call can be listened to live via webcast at http://www.aep.com/webcasts.

What are AEP's carbon reduction goals?

AEP targets an 80% reduction in carbon emissions from 2005 levels by 2030 and aims for net-zero emissions by 2045.

What percentage of AEP's power generation will be renewable by 2032?

AEP plans to grow its renewable generation portfolio to approximately 50% of total capacity by 2032.