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American Electric Power

Mini Flash-Crash Trades Wiped From Tape, But Not Cancelled

Evidence of the short-lived plunges in shares of American Electric Power Co. Inc. (AEP) and NextEra Energy Inc. (NEE) were wiped off the tape, but not from investors' portfolios.Late on Thursday, the New York Stock Exchange published the official daily high and low prices for the two stocks. For American Electric Power, Thursday's intraday low is $46.07. For NextEra Energy, it is $76.50.But those prices don't reflect sharp drops sustained by both stocks in the first minute of trading. American Electric Power fell by more than 50% to $22.28 before bouncing back, while NextEra dropped by more than 60% to $35.50.NYSE said it investigated trades in both utility companies that took place between 9:30 a.m. and 9:31 a.m. EDT, and ultimately cancelled none.American Electric Power's shares closed down 31 cents, or 0.6%, to $48.28. NextEra ended lower by 94 cents, or 1.2%, to $78.22.Instead, the exchange said all trades in American Electric Power at or below $46.03, and in NextEra Energy at or b...

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  1. Rocky Start for Market's New Safety Valve

    Within seconds of the opening bell Thursday, shares of American Electric Power Co. (AEP) collapsed 54%, trading as low as $22.28 after opening the day at $48.18. Mom...

  2. NYSE says AEP , NextEra trades stand after crash at open

    All trades in American Electric Power Inc and NextEra Energy Inc in a crash that happened in the first minute of trading on Thursday will stand, the New York Stock E...

  3. NYSE Rules AEP , NextEra Energy Trades 'Aberrant'

    The New York Stock Exchange ruled to let stand all trades in American Electric Power Co. Inc. (AEP) and NextEra Energy Inc. (NEE), but said prices for certain "aberr...

  4. Supreme Court Rules Utilities Can Claim U.S. Tax Credit on U.K. Windfall Tax

    The U.S. Supreme Court ruled Monday that utility companies that paid a windfall tax in the United Kingdom can claim a foreign tax credit on their U.S. tax returns.Th...

  5. AEP Beats On Q1 Sales, Misses On Earnings

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  6. American Electric 1st-Quarter Net Down 6.7% on One-Time Items

    American Electric Power Co.'s (AEP) first-quarter income fell 6.7% as the utility's results were dragged down by a change in Virginia law and restructuring charges.A...

  7. White House gearing up for war on affordable energy?

    Chris Stirewalt weighs in

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