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Last €51.33 EUR
Change Today +0.489 / 0.96%
Volume 0.0
AEP On Other Exchanges
Symbol
Exchange
New York
As of 1:40 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

american electric power (AEP) Snapshot

Open
€50.87
Previous Close
€50.85
Day High
€51.33
Day Low
€50.80
52 Week High
01/26/15 - €57.73
52 Week Low
03/28/14 - €36.17
Market Cap
25.1B
Average Volume 10 Days
149.5
EPS TTM
--
Shares Outstanding
489.6M
EX-Date
02/6/15
P/E TM
--
Dividend
€2.04
Dividend Yield
3.17%
Current Stock Chart for AMERICAN ELECTRIC POWER (AEP)

american electric power (AEP) Details

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. As of January 28, 2015, the company delivered electricity to approximately 5.3 million customers in 11 states. In addition, it transports liquid, coal, and dry bulk commodities primarily on the Ohio, Illinois, and lower Mississippi rivers. The company owns and leases approximately 2,300 barges, 37 towboats, and 18 harbor boats. American Electric Power Company, Inc. was founded in 1906 and is headquartered in Columbus, Ohio.

18,529 Employees
Last Reported Date: 02/20/15
Founded in 1906

american electric power (AEP) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $695.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $695.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $568.7K
Chief Administrative Officer and Senior Vice ...
Total Annual Compensation: $490.7K
Compensation as of Fiscal Year 2014.

american electric power (AEP) Key Developments

AEP Strategic Options For AEP River

American Electric Power Co., Inc. (NYSE:AEP) has retained Morgan Stanley (NYSE:MS) to explore options for its AEP River Operations, LLC. AEP is committed to completing its review of potential alternatives for AEP River operations as promptly as practicable.

American Electric Power Co., Inc. Lays Off 62 Workers at Ohio Power Plant

American Electric Power Company Inc. is laying off 62 workers at an Ohio power plant as part of a plan to retire older coal-fired plants. The electric generating units will be retired in May to comply with upcoming U.S. EPA regulations called Mercury and Air Toxics Standards. The company issued a 60-day closure notice to the state jobs office, as required by federal law, for its Muskingum River plant in Beverly, which has 1,440 megawatts and five generating units. The layoffs take effect May 31. It also will close its Picway plant in Lockbourne, which had 100 megawatts and 1 unit but only operated when absolutely needed and used a skeleton crew from its Conesville plant. No notice was provided to the state for that plant because so few jobs were involved. By next year, AEP will retire more than 6,000 megawatts of coal-fired capacity at 11 power plants across its Appalachian region. The mercury rules take effect next month. Power companies are closing some plants instead of putting in pollution-control technologies on existing facilities because it would be too costly to retrofit, utilities say.

American Electric Power Gives Plant Closure Notice

American Electric Power announced that it has issued notices to employees at three West Virginia power plants, including the Kanawha River Plant in Glasgow, informing them the plants would be closed within two months. The notices are part of a plan the company announced in June 2011 to meet new toxic emissions standards handed down by the U.S. Environmental Protection Agency. In addition to the three West Virginia plants, the company also issued notices to shutter its Glen Lyn Plant at Glen Lyn, Va., as well as some generating units at its Big Sandy Plant in Louisa, Ky.; the Muskingum River Plant in Beverly, Ohio; and the Tanners Creek Plant in Lawrenceburg, Ind. The West Virginia coal-fired plants are among the oldest in the company's fleet and it was less costly to go ahead and close them rather than invest the money needed to get them to comply with the EPA's new Mercury and Air Toxics Standards, or MATS, rule. The Glasgow plant, along with the Phillip Sporn Plant in New Haven and Kammer Plant near Moundsville, are slated for closure at the end of May 2015. That's actually about five months later than the Dec. 31, 2014 closing date the company originally proposed when it made the announcement in 2011. The plants, which are more than 50 years old, had already been slated for closure between 2017 and 2020. The new EPA rules advanced that schedule. The company said about 50 people still work at the Kanawha River Plant. The company has worked to find many of the workers other jobs at other company facilities, and many are expected to transfer to the John E. Amos Power Plant in Putnam County.

 

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Industry Analysis

AEP

Industry Average

Valuation AEP Industry Range
Price/Earnings 16.6x
Price/Sales 1.6x
Price/Book 1.6x
Price/Cash Flow 7.6x
TEV/Sales 0.4x
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