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MarketScreener Homepage  >  Equities  >  Nyse  >  American Electric Power    AEP

AMERICAN ELECTRIC POWER (AEP)
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American Electric Power : AEP Generation Resources Seeks Bids for Coal

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05/10/2018 | 08:39am CEST

COLUMBUS - AEP Generation Resources Inc. (AEPGR), a competitive generation subsidiary of American Electric Power Company (NYSE: AEP), today issued a request for proposal (RFP) for the supply of coal to Cardinal and Conesville power plants.

AEPGR is seeking spot coal proposals for fourth-quarter 2018 for Cardinal Plant and spot coal proposals for calendar year 2019 for Conesville Plant. In addition, AEPGR seeks term coal proposals beginning in first-quarter 2019 and lasting up to three years.

Proposal packages must be received no later than 5 p.m. Friday, May 18, 2018. They may be emailed to kkchilcote@aepes.com or mailed to AEPGR RFP - Coal Proposal, ATTN: Kim Chilcote - Manager, Coal Procurement, 303 Marconi Blvd., Columbus, OH 43215. Complete details about the RFP are available at www.aep.com/go/coaloffers or by calling Chilcote at (614) 583-6301.

Coal RFP (PDF)

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP's more than 17,000 employees operate and maintain the nation's largest electricity transmission system and more than 224,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.4 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 33,000 megawatts of diverse generating capacity, including 4,200 megawatts of renewable energy. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners and AEP Renewables, which provide innovative competitive energy solutions nationwide.

Contact:

Tammy Ridout

Tel: 614 716 2347

(C) 2018 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2018 15 136 M
EBIT 2018 3 236 M
Net income 2018 1 919 M
Debt 2018 24 974 M
Yield 2018 3,46%
P/E ratio 2018 18,69
P/E ratio 2019 17,44
EV / Sales 2018 4,01x
EV / Sales 2019 4,03x
Capitalization 35 738 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 74,7 $
Spread / Average Target 3,0%
EPS Revisions
Managers
NameTitle
Nicholas K. Akins Chairman, President & Chief Executive Officer
Ashley M. Weaver Vice President-Operations
Brian X. Tierney Chief Financial Officer & Executive Vice President
Alberto G. Ruocco Chief Information Officer & Vice President
Lionel L. Nowell Independent Director
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