Americn Electric Stock Price, News & Analysis

American Electric Power (AEP) has appointed Douglas A. Cannon as president of AEP Transmission, effective June 11. Cannon, currently serving as president and CEO of NV Energy, will oversee all aspects of AEP's transmission business, including planning, projects, engineering, operations, and growth. Under his leadership at NV Energy, Cannon managed service to 1.4 million Nevada customers and led the development of the 700-mile Greenlink transmission network.

AEP, which owns the largest transmission network in the U.S., is expanding its footprint by thousands of miles through joint venture projects in PJM and the construction of one of the first 765-kilovolt lines in Texas. Bob Bradish, the interim president of AEP Transmission, will transition to the role of chief transmission officer, reporting to Cannon.

American Electric Power (AEP) has announced its latest quarterly dividend payment of 93 cents per share on common stock. The dividend will be paid on June 10, 2025, to shareholders recorded as of May 9, 2025.

This marks AEP's 460th consecutive quarterly cash dividend, highlighting the company's remarkable dividend history spanning over a century. The power company has maintained an unbroken streak of quarterly dividend payments since July 1910, demonstrating its long-standing commitment to shareholder returns.

American Electric Power (AEP) has elected Joseph G. Sauvage to its Board of Directors. Sauvage brings extensive experience as the former vice chairman and chairman of Global Power, Utilities and Renewables at Citigroup, where he led the practice for over 16 years.

Prior to Citigroup, Sauvage held key positions at Lehman Brothers, including vice chairman and global head of Power, Utilities and Renewables. His background includes service on the Wall Street Advisory Group and the Electric Power Research Institute Advisory Council.

AEP Board Chairman Sara Martinez Tucker highlighted Sauvage's deep industry understanding and market dynamics expertise. CEO Bill Fehrman emphasized his strategic and financial expertise will support AEP's investments in modern energy systems and load growth initiatives.

The announcement also noted that Donna James has stepped down from the Board for personal reasons.

AEP Texas announces plans to construct one of Texas' first 765-kV transmission lines as part of the Permian Basin Reliability Plan approved by the Public Utility Commission of Texas. The Howard-Solstice Transmission Line Project will span approximately 300 miles, connecting the Solstice Substation near Fort Stockton to a substation near San Antonio.

The project, authorized under Texas House Bill 5066, aims to support the growing electricity demands of the Permian Basin region, particularly focusing on the expansion and electrification of the oil and gas industry. AEP Texas will implement this project as part of a jointly assigned initiative, leveraging its parent company's extensive experience with 765-kV transmission lines, which includes operating 2,110 miles of such infrastructure across North America.

The company plans to host open houses along the line route this summer to discuss potential route links with community members.

AEP Texas, a subsidiary of American Electric Power (Nasdaq: AEP), has received approval from the Public Utility Commission of Texas for a three-year infrastructure resiliency plan. The $318 million investment initiative aims to strengthen distribution infrastructure and enhance wildfire prevention capabilities.

The comprehensive plan focuses on replacing approximately 80% of aging assets with superior weather-resistant equipment, implementing targeted tree trimming, and introducing advanced technologies for wildfire management. This strategic investment is projected to prevent 1.3 billion minutes of customer interruptions and generate $71 million in restoration cost savings over the project lifetime.

AEP Texas serves over one million customers across a nearly 100,000 square mile territory, representing the largest coastal exposure among Texas utilities. The service area spans from the Texas panhandle to the Rio Grande Valley, facing various extreme weather challenges including hurricanes, wildfires, and flooding.

Indiana Michigan Power (I&M), an AEP company, has filed with the Indiana Utility Regulatory Commission (IURC) to acquire the 870-megawatt Oregon Clean Energy Center, a natural gas plant in Oregon, Ohio. This acquisition is part of I&M's Future Ready plan to meet growing energy demands.

The company projects power demand to surge from 2,800 MW in 2024 to over 7,000 MW by 2030. The Oregon facility acquisition aims to provide stable power for 24/7 operational requirements of existing and new customers.

I&M currently operates a diverse generation portfolio including solar, wind, nuclear, coal, and hydroelectric units. The company serves over 600,000 customers and delivered more than 85% emission-free energy in 2023. Their current capacity includes 2,278 MW of nuclear, 450 MW of wind, 22 MW of hydro, 35 MW of solar, and 1,497 MW of coal-fueled generation. A decision from IURC is expected in early 2026.

Indiana Michigan Power (I&M), an American Electric Power (AEP) company, has submitted its 2024 Integrated Resource Plan (IRP) to the Indiana Utility Regulatory Commission, outlining its energy transformation strategy through 2044. The Future Ready Plan focuses on diversifying generation resources and maintaining grid resilience.

Key highlights include:

• Plans to relicense both units at D.C. Cook Nuclear Plant, extending operations to 2054 and 2057
• Development of Small Modular Reactor (SMR) technology at Rockport site, adding 600 MW capacity by 2037
• Addition of solar, storage, wind, and natural gas resources
• Relicensing of Elkhart and Mottville hydroelectric facilities in 2030 and 2033
• Planned retirement of coal-fueled Rockport Plant by end of 2028

I&M currently serves over 600,000 customers with 85% emission-free energy delivery in 2023, utilizing a mix of nuclear (2,278 MW), wind (450 MW), hydro (22+ MW), solar (35 MW), and coal (1,497 MW) generation.