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Wednesday, April 7, 2010 as of 11:14 AM ET

American Electric Power

American Electric Power

American Electric Power () is a major investor-owner electric utility in various parts of the United States.

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Get updates on American Electric Power
Half Of AEP Fleet To Burn Coal In 2020, Down From 65% Today

Power companies are likely to build more units that use cheap natural gas to generate electricity, but relying too heavily on one type of fuel "isn't smart" for the safety of the power grid, American Electric Power Co.

(AEP) Chief Executive Nick Akins said Thursday.To reduce the risks, Akins said federal regulators and lawmakers should promote other types of fuels--coal, nuclear and renewables--even when low prices make natural gas the most cost-effective fuel to use at this time."Absent an energy policy supporting diversity in the fuel supply, it will be difficult to build any other type of electric generation," besides natural gas, Akins said.Speaking at the U.S. Chamber of Commerce Thursday, Akins said Ohio-based AEP is in the process of transitioning from coal to natural gas. Only half of its fleet will be using coal by 2020, whereas 65% of the fleet that uses coal today.AEP has already announced that it will be shutting down nearly 5,000 megawatts of coal-fired generation in the n...

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  1. AEP Shares Fall After Ohio Regulators Reverse Rate Increases

    American Electric Power Co. Inc. (AEP) shares fell as much as 5% after Ohio regulators reversed a previous decision that allowed the company's Ohio utility to raise ...

  2. IBM, P&G Yank Dow Higher, While H-P Shares Tumble

    FOX Business: The Power to ProsperIBM and Procter & Gamble zoomed higher on Thursday, offsetting stumbling shares of Hewlett-Packard and pushing the Dow within strik...

  3. Low Natural Gas Prices Hammer Power Prices

    Low U.S. natural gas prices have forced power prices lower, changing the landscape for U.S. utilities and causing industry insiders to worry whether there will be en...

  4. Southwestern Electric Power Sells $275 Million In US Bond Market -Source

    Southwestern Electric Power Co., a subsidiary of American Electric Power Inc. (AEP), completed a $275 million sale of 10-year notes in the U.S. bond market Tuesday, ...

  5. Southwestern Electric Power Issuing $275 Million In US Bond Market -Source

    Southwestern Electric Power Co., a subsidiary of American Electric Power Inc. (AEP), plans to issue $275 million of 10-year notes in the U.S. bond market Tuesday, ac...

  6. American Electric Power 4Q Net Up 75% On Wholesale Growth

    DOW JONES NEWSWIRESAmerican Electric Power Inc.'s (AEP) fourth-quarter earnings rose 75% on stronger wholesale volume, though retail volume shrank.American Electric ...

  7. How Can Investors Profit From Natural Gas?

    Brouwer & Janachowski Chairman Kurt Brouwer on how investors can gain from the growth in natural gas.

  8. Impact of EPA Regulations on Jobs in Energy Sector

    American Electric Power CEO Nick Akins on the impact of EPA regulations on energy companies and efforts to transition from coal to natural gas.

  9. Americans Facing Sticker Shock at Electric Bills

    FBN’s Gerri Willis on the reasons why more and more Americans are facing hikes in their electric bills.

  10. Utilities Replacing CDs and Bonds as the Best Retirement Investments (XLU, IDU, UTG, AEP , FE, PPL, AWK)

    The government bond market pays investors nothing now.  The 5-Year Treasury Note, a staple for retail investors historically, pays a dismal 0.86%.  The appeal of thi...

  11. EPA Rules Killing Coal Jobs, Energy Prices to Rise

    Free Enterprise Project Director Tom Borelli on which specific rules from the EPA are hurting the coal industry and your wallet.

  12. Is America’s Utility System Too Vulnerable?

    Former TVA Chairman Glenn McCullough on the blackout that impacted six million on the West Coast.

  1. AEP 1Q Profit Rises On Strong Industrial Demand; View Uncertain

    DOW JONES NEWSWIRESAmerican Electric Power Inc.'s (AEP) first-quarter earnings rose 10%, helped by a continuing rise in demand from U.S. manufacturers."Our ongoing e...

  2. Executive Overuse of Company Jets an Issue Again

    FBN's Liz MacDonald on CEO's excessive use of personal flights on the company's plane at shareholders' expense.

  3. Should You Look Beyond Bonds?

    Chapwood Investments’ Ed Butowsky gives stock picks for today’s markets.

  4. AEP -Great Plains JV To Build $466 Million In Transmission Projects

    American Electric Power Co. (AEP) said Wednesday it is forming a joint venture with Great Plains Energy Inc. (GXP) to build $466 million of electric transmission pro...

  5. Is there too much focus on renewable energy?

    Tom Borelli discusses the focus on alternative energy sources

  6. Despite Some Reluctance, Natural Gas Making Impact On Power Cos

    HOUSTON--Many in the U.S. power business are still skittish about the oil industry's promise of abundant, cheap natural gas for the foreseeable future. But some exec...

  7. Edison To Start Shutting Down Coal Plants

    Edison International (EIX) plans to shut down at least two aging coal-fired power plants in what could be a growing wave of retirements as low natural-gas and electr...

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