Welcome to our dedicated page for Americn Electric news (Ticker: AEP), a resource for investors and traders seeking the latest updates and insights on Americn Electric stock.
American Electric Power (AEP) provides essential energy services to 5 million+ customers across 11 states through one of America's largest transmission networks. This dedicated news hub offers investors and stakeholders direct access to AEP's official communications, including earnings releases, regulatory updates, and infrastructure developments.
Our curated collection features quarterly financial results, grid modernization initiatives, and clean energy transition plans, all sourced directly from company filings and press materials. Users gain timely insights into operational milestones, rate case resolutions, and strategic investments shaping the future of this electric utility leader.
Bookmark this page for verified updates on AEP's generation portfolio diversification, transmission system expansions, and compliance with evolving energy regulations. Stay informed through primary-source documents that matter for understanding this critical infrastructure provider's market position.
American Electric Power (Nasdaq: AEP) has finalized the sale of the 595-megawatt Cardinal Plant Unit 1 in Brilliant, Ohio, to Buckeye Power, completing its exit from competitive generation ownership in Ohio. The deal, approved by the Federal Energy Regulatory Commission on May 19, includes a power purchase agreement allowing AEP Generation Resources to buy 100% of Unit 1's output through 2028. This move emphasizes AEP's focus on regulated operations and future renewable energy growth, with plans to increase renewable generation capacity to 50% by 2030.
American Electric Power (AEP) has appointed Renee V. Hawkins as vice president – Finance & Treasury, effective Aug. 6, 2022. Previously managing director of Corporate Finance, Hawkins brings over 26 years of experience in the energy sector. Her responsibilities will include cash management and corporate finance, reporting to Julie Sherwood, senior VP – Treasury & Risk. AEP aims for an 80% reduction in carbon emissions by 2030 and plans to grow its renewable capacity to approximately 50% of total capacity by the same year.
American Electric Power (AEP) reported second-quarter 2022 GAAP earnings of $1.02 per share, down from $1.16 in Q2 2021. However, operating earnings rose to $1.20 per share from $1.18 year-over-year. Revenue increased to $4.6 billion, up 21% from last year. AEP reaffirmed its 2022 operating earnings guidance of $4.87 to $5.07 per share. Key developments include a focus on renewable energy investments and closing the sale of its Kentucky operations this summer.
American Electric Power (AEP) has scheduled a quarterly earnings conference call for July 27 at 9 a.m. ET. This call will be broadcast live and include charts and visuals presented by AEP management. AEP, based in Columbus, Ohio, serves 5.5 million customers across 11 states, operating the largest electricity transmission network in the U.S. The company aims to grow its renewable energy capacity to 50% of its total by 2030, planning an 80% reduction in carbon emissions from 2000 levels by 2030 and a net-zero target by 2050.
The Board of Directors of American Electric Power Co. (AEP) has declared a quarterly cash dividend of 78 cents per share, set for payment on Sept. 9, 2022. Shareholders of record as of Aug. 10, 2022 will receive this dividend, marking the company's 449th consecutive quarterly dividend. AEP has a long-standing history of dividend payments, having paid out cash dividends quarterly since July 1910. The company is also focusing on sustainability, with plans to achieve an 80% reduction in carbon emissions by 2030 and net-zero emissions by 2050.
American Electric Power (AEP) announced leadership changes within its External Affairs organization, effective July 2, 2022. Matthew Satterwhite has been promoted to senior vice president of Regulatory Services, while Philip Dion becomes vice president of Federal Affairs. Stacey Gabbard has been elevated to vice president of Customer Operations. These appointments aim to strengthen AEP's advocacy for effective legislation and enhance customer experiences. AEP operates the largest electricity transmission system in the U.S. and aims to increase its renewable generation capacity to 50% by 2030, with a goal for net-zero emissions by 2050.
American Electric Power (Nasdaq: AEP) has appointed Donna A. James to its Board of Directors. James, a corporate governance expert and founder of Lardon & Associates, brings over 25 years of experience from her tenure at Nationwide Mutual Insurance. The company aims to enhance service and drive growth with her insights. David Anderson resigned after 11 years, reaching retirement age. AEP operates the largest electricity transmission system in the U.S. and plans to increase its renewable energy portfolio to 50% by 2030, targeting an 80% reduction in carbon emissions from 2000 levels.
Doral Renewables has secured $392 million in financing for the Mammoth North project in Starke County, Indiana, part of a larger solar initiative to produce 1.3 GWac of power. The funding includes a $157 million construction loan and a $170 million tax equity bridge loan, supported by Deutsche Bank and other financial institutions. Once operational, Mammoth North is expected to power around 75,000 homes through a Power Purchase Agreement with AEP Energy Partners, a subsidiary of American Electric Power (AEP).
