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MarketScreener Homepage  >  Equities  >  Nasdaq  >  American Electric Power    AEP

AMERICAN ELECTRIC POWER

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American Electric Power : AEP To Invest $2 Billion In Wind Projects

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07/02/2020 | 02:49pm EDT

By Stephen Nakrosis

 

American Electric Power Co. on Thursday said it intends to move forward with a $2 billion investment in renewable energy projects to serve customers in Arkansas, Louisiana and Oklahoma.

The company also said the Public Utility Commission of Texas denied approval of a Southwestern Electric Power Co. plan to add 309 megawatts of wind energy to serve customers in Texas.

"We are disappointed that our SWEPCO customers in Texas will not be able to benefit from the low-cost wind energy the North Central projects will provide," said Nicholas K. Akins, AEP's chairman, president and chief executive. He added, "The regulatory approvals we have received in Arkansas, Louisiana, Oklahoma and at the Federal Energy Regulatory Commission will allow us to move ahead with the North Central wind projects at full scale, saving our customers in those states approximately $3 billion over the next 30 years."

AEP said the North Central project includes three wind generation facilities located in north central Oklahoma, which are expected to be completed within the next two years.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 


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Financials (USD)
Sales 2020 15 817 M - -
Net income 2020 2 140 M - -
Net Debt 2020 32 109 M - -
P/E ratio 2020 21,8x
Yield 2020 3,02%
Capitalization 46 457 M 46 457 M -
EV / Sales 2020 4,97x
EV / Sales 2021 4,89x
Nbr of Employees 17 408
Free-Float 96,0%
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Technical analysis trends AMERICAN ELECTRIC POWER
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 95,84 $
Last Close Price 93,59 $
Spread / Highest target 15,4%
Spread / Average Target 2,41%
Spread / Lowest Target -16,7%
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
Greg Filipkowski Vice President-Information Technology
Therace Risch Chief Information & Technology Officer
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