Americn Electric Stock Price, News & Analysis

Daryl Roberts has been elected to the Board of Directors of American Electric Power (Nasdaq: AEP). With over 20 years in leadership roles at DuPont and Arkema, he brings extensive experience in operations and compliance. AEP's chairman, Nicholas K. Akins, noted that Roberts' insights will be valuable as the company pushes for cleaner energy technologies and an improved energy system. AEP serves 5.5 million customers across 11 states and is one of the largest electricity producers in the U.S., with significant renewable generation capabilities.

American Electric Power (Nasdaq: AEP) has appointed Janelle N. Coleman as vice president of Corporate Philanthropy and Community Engagement, effective Nov. 30, and as president of the AEP Foundation starting Jan. 1, 2021. Coleman, who has over 20 years of experience, will oversee philanthropic efforts across AEP's 11-state service area. The foundation donated nearly $30 million in 2019 and provided $4 million in emergency funds during the COVID-19 crisis. She reports to Dale Heydlauff until his retirement on Dec. 31.

American Electric Power (AEP) has appointed three new leaders to its information technology group as part of its strategy to enhance technology and innovation. Joe Brenner is now vice president of Application Development & Business Solutions, Sanjay Terakanambi is vice president of Technology Infrastructure, Operations & Support, and Christopher D. Johnson is managing director of Enterprise Innovation & Technology. These appointments aim to optimize AEP's services and drive down operational costs, with the new leaders bringing extensive experience from previous roles in major companies.

American Electric Power (AEP) announced plans to invest $37 billion in capital from 2021 to 2025, focusing on regulated businesses and renewable energy. AEP's operating earnings guidance for 2021 is set at $4.51 to $4.71 per share, indicating a growth rate of 5% to 7%. The investment includes $26.7 billion for transmission and distribution, $2.8 billion for regulated renewables, and $2.1 billion for competitive projects. AEP is also enhancing its environmental footprint, aiming for all company vehicles to be EVs by 2030.

American Electric Power (AEP) plans to retire 1,633 megawatts (MW) of coal-fueled generation by the end of 2028 due to new EPA regulations. This includes closing the Pirkey Plant (580 MW) in 2023 and ceasing coal operations at the Welsh Plant (1,053 MW) in 2028. AEP will also upgrade systems at other plants to comply with environmental standards. The company has retired nearly 13,500 MW of coal generation in the past decade and aims to diversify its energy mix with renewables and natural gas, enhancing its environmental commitment.

AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company (AEP), is seeking proposals for renewable energy supply from new solar and wind facilities in Ohio and ERCOT. AEPEP aims for renewable energy purchase agreements lasting 10 to 15 years for Ohio projects and up to 12 years for ERCOT solar projects, effective between 2021 and 2023. This initiative intends to support the company's growing energy demands, particularly due to the recent City of Columbus Electric Service Aggregation Program. Bids must be submitted by Nov. 23, 2020.

American Electric Power (AEP) has appointed Timothy J. Wells as vice president of Sales, Economic and Business Development, effective Nov. 2, 2020. He replaces Mark James, who retired last month. Wells will lead initiatives to attract new commercial and industrial customers while enhancing services for current clients. His extensive experience in economic development includes significant roles in AEP Ohio, where he established partnerships with the data center sector. The Economic Development team will include two new directors focusing on AEP's eastern and western territories.

American Electric Power (Nasdaq: AEP) announced significant leadership changes effective January 1, 2021, aimed at enhancing executive experiences. Lisa M. Barton was appointed executive vice president and chief operating officer, while Julie Sloat became executive vice president and chief financial officer. Brian X. Tierney transitioned to executive vice president – Strategy. AEP's chairman noted that these moves would strengthen the company's strategic focus, leveraging the leaders' operational expertise to advance investment in cleaner energy infrastructure.