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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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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