american electric power (AEP) Key Developments
American Electric Power Names Philip J. Dion as Vice President, Technology Business Development, Effective July 9, 2015
Jun 5 15
Philip J. Dion will join American Electric Power effective July 9, 2015 in a new position as vice president, Technology Business Development. Dion, 47, is currently with UNS Energy Corp. as senior vice president, Public Policy and Customer Solutions. Dion will report to Richard E. Munczinski, AEP's senior vice president, Regulatory Services. Dion has been in his current position with UNS since September 2013 with responsibility for the direction and execution of regulatory and legislative strategy at the federal and state levels for Tucson Electric Power and UniSource Energy Services. Dion joined Tucson Electric Power in 2008 as vice president of Legal and Environmental Services and became vice president of Public Policy in 2010.
American Electric Power Co., Inc. Presents at Wolfe Research 8th Annual Global Transportation Conference, May-20-2015 10:45 AM
May 1 15
American Electric Power Co., Inc. Presents at Wolfe Research 8th Annual Global Transportation Conference, May-20-2015 10:45 AM. Venue: The Marriott East Side Hotel, 525 Lexington Avenue, New York, New York, United States. Speakers: Mark C. McCullough, Executive Vice President of Generation.
American Electric Power Reports Preliminary Unaudited Financial Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Year 2015
Apr 23 15
American Electric Power reported preliminary unaudited financial results for the first quarter ended March 31, 2015. For the quarter, the company’s GAAP earnings were $629 million or $1.29 per share, compared with $560 million or $1.15 per share a year ago. Operating earnings were $625 million or $1.28 per share, compared to $560 million or $1.15 per share. Revenue was $4.7 billion against $4.6 billion for the same period of last year. The difference in first-quarter 2015 GAAP and operating earnings was due to commodity hedging within the Generation & Marketing segment. The company reported first quarter of 2015 adjusted earnings of $625 million or $1.28 per share, up from $560 million, or $1.15 per share in the same period a year ago.
The company's management reaffirmed its 2015 operating earnings guidance range of $3.40 to $3.60 per share. In providing operating earnings guidance, there could be differences between operating earnings and GAAP earnings for matters such as, but not limited to, impairments or changes in accounting principles. The company's management is not able to estimate the impact, if any, on GAAP earnings of these items.
American Electric Power Co., Inc. Approves Amendment to Restated Certificate of Incorporation and Bylaws
Apr 22 15
American Electric Power Co., Inc. announced at AGM held on April 21, 2015, the shareholders of the company approved an amendment to the company's Restated Certificate of Incorporation to eliminate Article 7, the provision on business combinations with interested shareholders. The shareholders also approved the proposal to amend the company's Bylaws to reduce the two-thirds supermajority vote requirement in Section 16 to a majority vote was not adopted by the necessary vote.
American Electric Power Co., Inc. Declares Quarterly Dividend on Common Stock, Payable on June 10, 2015
Apr 21 15
The board of directors of American Electric Power Co. declared a regular quarterly cash dividend of 53 cents a share on the company's common stock. The dividend is payable June 10, 2015, to shareholders of record as of May 8, 2015, and is the company's 420th consecutive quarterly common stock cash dividend.