Americn Electric Stock Price, News & Analysis

AEP Energy has signed a long-term renewable energy purchase agreement for the second phase of the Mammoth solar project in Indiana, adding 360 MWdc to the existing 1.65 GWdc project. This phase follows a previous agreement in April 2021 for 480 MWdc. Construction is expected to start in 2022, with commercial operations slated for 2024. AEP Energy aims to enhance its renewable energy portfolio, capitalizing on community support and potential economic benefits for the region, including energy independence for Indiana.

American Electric Power (AEP) has launched a Sustainable Finance Framework to issue green, social, and sustainability bonds and loans. This initiative links AEP's finance strategy with its commitments to clean energy and social impact. Proceeds will support projects like renewable energy development and enhancing energy efficiency. The framework aligns with eight United Nations Sustainable Development Goals, showcasing AEP's focus on creating positive environmental and social changes. The company aims for a significant increase in renewable energy capacity by 2030.

American Electric Power (AEP) has promoted David R. Ball to vice president of Energy Delivery Operations, effective August 7, 2021. Previously the managing director of Transmissions Operations, Ball oversees vital operational aspects across four states. His promotion is viewed as a strategic move to enhance AEP's efforts in building a modern and efficient energy grid. AEP operates the largest electricity transmission system in the U.S. and aims to increase its renewable generation to 50% of total capacity by 2030, with a commitment to net-zero emissions by 2050.

American Electric Power (AEP) has appointed Phillip Ulrich as the new senior vice president and chief human resources officer effective August 2, 2021. Ulrich will oversee various HR functions to align with AEP's business strategy and enhance company culture for its 16,800 employees. His experience spans 26 years, most recently at Flex, LTD. AEP aims to transform its workforce while focusing on sustainability, aiming for an 80% reduction in carbon emissions by 2030 and a net-zero goal by 2050, further emphasizing its commitment to diversity and community engagement.

The Electric Highway Coalition (EHC), initiated by American Electric Power (AEP), has doubled its membership to 14 companies, enhancing long-distance electric vehicle (EV) travel through a network of DC fast charging stations. With members serving over 60 million customers across 29 states, EHC aims to establish efficient charging solutions while avoiding duplication. AEP plans to replace its fleet with EVs by 2030 and is committed to expanding its renewable generation portfolio to 50% by 2030. The coalition promotes seamless travel and electrification benefits through various programs.

American Electric Power (AEP) reported second-quarter 2021 earnings of $578 million or $1.16 per share, a rise from $521 million or $1.05 per share in Q2 2020. Year-to-date earnings hit $1.15 billion, exceeding last year’s $1.02 billion. Revenue for Q2 reached $3.8 billion, up from $3.5 billion in 2020. AEP’s Transmission Holding Co. boosted earnings by 34 cents per share. Management reaffirmed operating EPS guidance for 2021 between $4.55 and $4.75 per share. AEP aims for 50% renewable generation capacity by 2030, amid economic recovery signs post-pandemic.

The Board of Directors of American Electric Power Co. (AEP) announced a quarterly cash dividend of 74 cents per share on its common stock, payable on Sept. 10, 2021. Shareholders of record by August 10, 2021 will receive this dividend, marking AEP's 445th consecutive quarterly dividend since its first in July 1910. AEP serves 5.5 million customers across 11 states and aims to achieve an 80% reduction in carbon emissions by 2030, with plans to increase renewable energy capacity to 50% of its total capacity by the same year.

American Electric Power (AEP) has announced a quarterly earnings conference call scheduled for 9 a.m. ET on July 22, 2021. The call will be accessible online, providing audio and visual content, and will be archived for future access. AEP, based in Columbus, Ohio, operates the largest electricity transmission system in the U.S., serving 5.5 million customers. The company aims to increase its renewable energy capacity to 50% of its total by 2030 and has committed to achieving net zero carbon emissions by 2050.