Welcome to our dedicated page for American Electric Power news (Ticker: AEP), a resource for investors and traders seeking the latest updates and insights on American Electric Power stock.
American Electric Power Company, Inc. reports regulated-utility developments across electricity generation, transmission and distribution. The company serves more than 5 million customers in 11 states and operates through utility businesses that include AEP Ohio, Indiana Michigan Power, Appalachian Power, AEP Texas and Southwestern Electric Power Co.
Recurring AEP news covers earnings, operating guidance, common stock dividends, capital investment plans, high-voltage transmission projects, customer load growth and data center-related power demand. Company updates also address operating-company leadership, state regulatory and stakeholder matters, and infrastructure planning tied to reliability and system expansion.
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The Board of Directors of American Electric Power (AEP) has declared a quarterly cash dividend of 83 cents a share on its common stock. This dividend, payable on June 9, 2023, to shareholders of record as of May 10, 2023, marks the company's 452nd consecutive quarterly dividend since beginning cash payments in July 1910.
AEP serves approximately 5.6 million regulated customers across 11 states and operates the nation's largest electricity transmission system. The company aims to enhance its renewable generation portfolio to around 50% of total capacity by 2032 and achieve an 80% reduction in carbon dioxide emissions from 2005 levels by 2030, targeting net zero by 2045.
Ameresco, Inc. (NYSE: AMRC) has announced the appointment of Charles R. Patton to its Board of Directors. Patton brings over 30 years of experience in corporate sustainability and public policy, previously serving as Executive Vice President at American Electric Power Company (NASDAQ: AEP) until July 2022. His expertise includes overseeing compliance and sustainability initiatives and managing customer service and regulatory affairs.
Patton expressed enthusiasm about joining Ameresco, emphasizing the company's potential as a leader in energy solutions aimed at achieving net zero goals. Chairman and CEO George P. Sakellaris highlighted Patton's unique perspective and strategic planning skills as valuable assets to the company's growth.