SOURCE: Industrial Info Resources

Industrial Info Resources

November 02, 2016 07:30 ET

AEP Sells Four Plants, to Reinvest $17 Billion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 2, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Consistently weak natural gas prices have translated to lower electricity pricing services for American Electric Power Company (AEP) (NYSE:AEP) (Columbus, Ohio), which serves about 5.4 million customers across 11 states. Two other factors led to lower quarterly results for the company: a warmer-than-expected winter, which reduced demand for heat, and $2.3 billion in impairment charges linked to power plants in and near Ohio. Industrial Info is tracking $1.82 billion in active projects involving AEP.

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