Energy News

17
June

Live Webcast Scheduled Of Panel Presentation Featuring AEP Executive At BMO Capital Markets Conference

COLUMBUS, Ohio, June 16, 2011 – A live audio webcast has been scheduled of a panel presentation featuring Lisa Barton, senior vice president – transmission strategy and business development for American Electric Power (NYSE: AEP), June 22 at the BMO Capital Markets 2011 North American Pipelines & Utilities Conference in Toronto.

The presentation is scheduled for 9:30 a.m. EDT and can be accessed through the Internet at http://www.aep.com/investors/webcasts/. The webcast also will be available after the live event.

During the conference, AEP will reaffirm its 2011 ongoing earnings guidance of $3.00 to $3.20 per share.

17
June

AEP Shares Plan For Compliance With Proposed EPA Regulations

AEP Shares Plan For Compliance With Proposed EPA Regulations

Company advocates for more time and flexibility to reduce the negative impact of the proposed EPA rules on customers, jobs and the economy

COLUMBUS, Ohio, June 9, 2011 – American Electric Power (NYSE: AEP) today announced the company’s plan for complying with a series of regulations proposed by the U.S. Environmental Protection Agency (EPA) that would impact coal-fueled power plants. Based on the regulations as proposed, AEP’s compliance plan would retire nearly 6,000 megawatts (MW) of coal-fueled power generation; upgrade or install new advanced emissions reduction equipment on another 10,100 MW; refuel 1,070 MW of coal generation as 932 MW of natural gas capacity; and build 1,220 MW of natural gas-fueled generation. The cost of AEP’s compliance plan could range from $6 billion to $8 billion in capital investment through the end of the decade. High demand for labor and materials due to a constrained compliance time frame could drive actual costs higher than these estimates. The plan, including retirements, could change significantly depending on the final form of the EPA regulations and regulatory approvals from state commissions.

The retirements and retrofits in the plan are in addition to more than $7.2 billion that AEP has invested since 1990 to reduce emissions from its coal-fueled generation fleet. Annual emissions of nitrogen oxides from AEP plants are 80 percent lower today than in 1990. Sulfur dioxide emissions from AEP plants are 73 percent lower than in 1990. The company currently owns nearly 25,000 MW of coal-fueled generation, approximately 65 percent of its total generating capacity. Coal would fuel approximately 57 percent of AEP’s total generating capacity by the end of the decade.

“We support regulations that achieve long-term environmental benefits while protecting customers, the economy and the reliability of the electric grid, but the cumulative...

13
June

IUSA Announces Matt Prine as New Executive Director

Our Executive Director, Matthew Prine, most recently served as Deputy Chief of Staff for Congressman Dan Burton during his 8 years in the public sector. A graduate of Whiteland High School in Johnson County, Matt earned his Bachelor of Arts degree in Philosophy and Political Science from Hanover College. He has been actively involved throughout the State of Indiana, working for Congressman Burton and Congressman Steve Buyer in both Washington, DC and Indiana. In addition to public service, Matt's experience includes advancing policy agendas, developing grassroots advocacy campaigns, and building strategic partnerships in the private sector. Matt and his wife, Katie, live in Indianapolis with their two children.

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