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.
AEP Texas Inc., a subsidiary of American Electric Power (AEP), will redeem $400 million of its 2.40% Senior Notes, Series C, due July 1, 2022. The notes will be redeemed at 100% of their principal amount, which is $100 per note, plus accrued interest and a make-whole premium.
Notice of this redemption was issued on June 1, 2022, in compliance with the indenture terms. The Bank of New York Mellon Trust Company, N.A. acts as the redemption agent.
American Electric Power (AEP) has appointed Raja Sundararajan as executive vice president of External Affairs, effective July 1, 2022, following the retirement of Charles Patton. Sundararajan will oversee communications, marketing, customer relations, regulatory policies, and government affairs. He brings 20 years of experience at AEP, including leadership roles in commercial operations and regulatory services. AEP continues to emphasize its commitment to sustainability and aims for a renewable generation portfolio of 50% by 2030, along with a goal of net-zero emissions by 2050.
American Electric Power (Nasdaq: AEP) appointed Steven Martin as vice president of Infrastructure Engineering, IT Operations & Support effective May 30, 2022. He will report to Therace Risch, executive vice president and chief information & technology officer. Martin will oversee technology planning and operations, focusing on streamlining business processes. Previously, he served as vice president at JCPenney and held various roles at Target and Dell. AEP aims to enhance technology solutions to support its transition to clean and affordable energy.
Southwestern Electric Power Company (SWEPCO), a subsidiary of American Electric Power (AEP), plans to invest $2.2 billion in three renewable energy projects totaling 999 megawatts (MW). This includes the 200-MW Mooringsport solar project in Louisiana, the 200.6-MW Diversion wind project in Texas, and the 598.4-MW Wagon Wheel wind project in Oklahoma. SWEPCO seeks regulatory approvals in Arkansas, Louisiana, and Texas, with operational dates set for December 2024 and December 2025. AEP aims for 16 gigawatts of regulated renewables by 2030, targeting net-zero carbon emissions by 2050.
American Electric Power (AEP) appointed Shane Lies as the new senior vice president and chief nuclear officer of the Donald C. Cook Nuclear Plant, effective July 1, 2022. Lies, who has been with AEP for 26 years and currently serves as site vice president at Cook, takes over from Joel Gebbie, who is retiring after 36 years. Kelly Ferneau will be promoted to replace Lies. The company emphasizes its commitment to operational excellence and safety in nuclear energy production, supporting its clean energy goals and reliability for customers in Michigan and Indiana.
American Electric Power (AEP) reported first-quarter 2022 GAAP earnings of $715 million ($1.41 per share), up from $575 million ($1.16) in 2021. Operating earnings reached $616 million ($1.22 per share), a slight increase from $571 million ($1.15). Revenue for the quarter was $4.6 billion, up by $0.3 billion year-over-year. AEP reaffirmed its operating earnings guidance for 2022 at $4.87 to $5.07 per share and is advancing strategic initiatives in renewable energy and infrastructure. The company aims for net zero emissions by 2050 and an increased renewable capacity by 2030.
The Board of Directors of American Electric Power (AEP) declared a quarterly cash dividend of 78 cents per share on April 26, 2022. This dividend is payable on June 10, 2022, to shareholders on record as of May 10, 2022. AEP has maintained consistent dividend payments since July 1910, marking its 448th consecutive payment. AEP serves over 5.5 million customers across 11 states and aims to achieve 50% renewable energy generation by 2030, with plans for net zero emissions by 2050.
American Electric Power (AEP) has announced a scheduled quarterly earnings conference call on April 28, 2022, at 9 a.m. ET. This call will be accessible via live webcast on the AEP website, including audio and visual presentations. AEP, serving 5.5 million customers across 11 states, aims for a 50% renewable generation by 2030 and 80% reduction in carbon emissions from 2000 levels by the same year. The company is committed to achieving net zero emissions by 2050. For those unable to attend, the webcast will also be archived on the AEP site.
American Electric Power (AEP) has issued a request for proposal (RFP) for coal supply to its generating stations across various coal regions. The proposal is for coal supplies in the Central Appalachian, Illinois, Powder River, and Northern Appalachian Basins for the years 2022 through 2025. Proposals must be submitted by 5 p.m. ET on April 22, 2022, and will remain open until May 27, 2022. AEP continues to focus on sustainability, aiming for a 50% renewable generation portfolio by 2030 and an 80% reduction in carbon emissions from 2000 levels. Further details can be found at their website.
