Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  American Electric Power    AEP

AMERICAN ELECTRIC POWER (AEP)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

American Electric Power : AEP, NextEra Energy Resources celebrate commissioning of Bluff Point Wind Energy Center, $200 million investment in Indiana

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/14/2017 | 06:49pm CET

By a News Reporter-Staff News Editor at Investment Weekly News -- State and local leaders and landowners joined executives from NextEra Energy Resources, a subsidiary of NextEra Energy (NYSE: NEE), and American Electric Power (AEP) to celebrate the commissioning of the Bluff Point Wind Energy Center, which has created hundreds of construction jobs as well as millions of dollars in economic benefits for the region.

"On behalf of Governor Holcomb, I am very pleased to help commission this exciting project that represents a $200 million investment in our state," said Indiana Lt. Governor Suzanne Crouch. "It has created good jobs for Hoosiers and an economic uplift for the region, as well as low-cost, clean energy, which is a product we can all be proud of."

The Bluff Point Wind Energy Center features 57 GE wind turbines designed to pivot to capture the prevailing wind and convert it to clean, renewable electricity. Together, they have a generating capacity of nearly 120 megawatts. Affiliates of NextEra Energy Resources, the world's largest generator of renewable energy, built and will own and operate the project. The energy serves customers of Appalachian Power, an affiliate of AEP.

"AEP and Appalachian Power are pleased to partner with NextEra Energy Resources on this beneficial project that helps modernize and diversify the power generation fleet and provides low-cost, clean energy to customers," said Marc Lewis, vice president of regulatory and external affairs for Indiana Michigan Power, an AEP company.

Appalachian Power serves 1 million customers in Virginia, West Virginia and Tennessee. The company has been moving toward a more diversified energy portfolio that will include more wind-generated power, new solar, demand-side management and energy efficiency as well as existing hydropower, coal and natural gas plants.

"This is our company's first project in Indiana and we look forward to making more investments here," said John DiDonato, vice president of renewable development and origination for NextEra Energy Resources. "We are grateful for our partnership with AEP, and for the tremendous support this project has received from the governor's office and of course the people of Jay and Randolph counties, who stand to benefit from it for years to come."

The Bluff Point Wind Energy Center is providing a significant economic boost for Jay and Randolph counties, creating approximately 200 jobs during the construction phase this year, and five full-time jobs to support it once it became operational in October. The project is expected to provide more than $30 million in new tax revenue to the county governments over its first 30 years of operations, and nearly $21 million in payments to local landowners. From labor and materials, to housing, health care and construction - a wide variety of local businesses have benefitted from the influx of economic activity.

"We are very proud to host the Bluff Point Wind Energy Center right here in Jay County," said Jeanne Houchins, Jay County Council member. "This project has already created a great deal of enthusiasm and positive economic activity in our community. The extra tax revenue it generates will go a long way to help our county enhance our schools, roads and essential services."

Keywords for this news article include: Oil & Gas, Wind Energy, Clean Energy, Investment and Finance, NextEra Energy Resources.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC

(c) 2017 NewsRx LLC, source Business Newsletters

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN ELECTRIC POWER
12/14 AMERICAN ELECTRIC POWER : AEP, NextEra Energy Resources celebrate commissioning ..
12/13 AMERICAN ELECTRIC POWER : First Utility-Scale Solar Project for Appalachian Powe..
12/12 AMERICAN ELECTRIC POWER : Young Fort Wayne engineer with Indiana Michigan Power ..
12/11 AEP, NextEra Energy Resources celebrate commissioning of Bluff Point Wind Ene..
12/08 AMERICAN ELECTRIC POWER : AEP Foundation to Fund Ky Program Assisting Low Income..
12/06 AMERICAN ELECTRIC POWER : AEP Earns Perfect Score, Named to Best Places to Work ..
12/06 AMERICAN ELECTRIC POWER : AEP Part of Industry Initiative to Improve ESG Sustain..
12/06 AMERICAN ELECTRIC POWER : Kentucky Power Transitions to New Customer-Designed Bi..
12/05 AMERICAN ELECTRIC POWER : AEP Part of Industry Initiative to Improve ESG/Sustain..
12/05 AMERICAN ELECTRIC POWER : AEP Part of Industry Initiative to Improve ESG/Sustain..
More news
News from SeekingAlpha
12/11 VALUATION DASHBOARD : Utilities - Update
11/10 VALUATION DASHBOARD : Utilities - Update
11/07 Lanny's October Dividend Income Summary
11/06 American Electric Power (AEP) Presents At EEI 52nd Financial Conference - Sli..
11/06 AEP eyes 5%-7% earnings growth in 2018-20 with $18B capex
Financials ($)
Sales 2017 15 369 M
EBIT 2017 3 401 M
Net income 2017 1 805 M
Debt 2017 21 548 M
Yield 2017 3,12%
P/E ratio 2017 20,70
P/E ratio 2018 19,65
EV / Sales 2017 3,84x
EV / Sales 2018 3,80x
Capitalization 37 526 M
Chart AMERICAN ELECTRIC POWER
Duration : Period :
American Electric Power Technical Analysis Chart | AEP | US0255371017 | 4-Traders
Technical analysis trends AMERICAN ELECTRIC POWER
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 75,5 $
Spread / Average Target -1,1%
EPS Revisions
Managers
NameTitle
Nicholas K. Akins Chairman, President & Chief Executive Officer
Brian X. Tierney Chief Financial Officer & Executive Vice President
Alberto G. Ruocco Chief Information Officer & Vice President
Lionel L. Nowell Independent Director
Linda A. Goodspeed Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN ELECTRIC POWER21.52%37 526
DUKE ENERGY CORP13.44%61 288
DOMINION ENERGY INC9.52%54 127
SOUTHERN CO3.80%51 867
IBERDROLA7.70%49 507
EXELON CORPORATION15.67%39 520