American Electric Power (AEP)
The August 2020 derecho caused $7.5 billion in damage and led ITC Holdings to seek mutual aid for the first time in its history.
AEP reported third-quarter earnings of $749 million ($1.51/share), compared with earnings a year ago of $734 million ($1.49/share).
FERC ruled generating facilities that are not online and producing energy must pay for their station power at retail rates subject to state jurisdiction.
AEP will become at least the fourth major U.S. utility to switch its stock listing from the New York Stock Exchange to the Nasdaq Stock Market.
AEP's CEO said federal investigators have not contacted the company about an alleged bribery scheme and defended AEP’s contributions to a nonprofit.
Evergy has decided to remain single after dalliances with several potential acquisition partners, according to a published report.
AEP CEO Nick Akins said that his company is innocent of wrongdoing in the alleged bribery scheme that resulted in the passage of Ohio H.B. 6, echoing a similar protestation by FirstEnergy CEO Charles Jones.
The Texas PUC rejected ratepayers’ participation in an AEP wind project for the second time in three years, denying subsidiary SWEPCO's plan to add 810 MW.
GCPA hosted a discussion with ERCOT CEO Bill Magness and AEP's Scott Smith on the future of office work amid and after the COVID-19 pandemic.
American Electric Power said it has received enough regulatory approvals to fully move forward with its 1,485-MW North Central Wind Project in Oklahoma.
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