SOURCE: Industrial Info Resources

Industrial Info Resources

April 22, 2011 06:45 ET

American Electric Power CEO Discusses Effects of Pending EPA Regulations, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Apr 22, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- American Electric Power Company Incorporated (NYSE:AEP) (AEP) (Columbus, Ohio) yesterday reported earnings for the first quarter of 2011. The company reported quarterly earnings of $353 million, compared to $344 million in 1Q10. In a conference call regarding the earnings CEO Michael Morris said that the current timeline for draft rules issued by the EPA was unrealistic to implement environmental retrofits.

Industrial Info is tracking $8.7 billion in AEP projects, including transmission projects, maintenance outages, plant upgrades and environmental compliance projects. AEP subsidiary Kentucky Power Company is expected to complete the energy analysis for the construction of a sulfur dioxide scrubber at the Big Sandy Power Station in Louisa, Kentucky. Details of this and other Power Industry projects can be found in Industrial Info's North American Project Database.

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