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 Company Inc    AEP

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 
The feature you requested does not exist. However, we suggest the following feature:

American Electric Power : Notice of Intent To Prepare a Draft Environmental Impact Statement for a Proposed Habitat Conservation Plan for the Endangered American Burying...

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/19/2017 | 08:12pm CET

Notice of Intent To Prepare a Draft Environmental Impact Statement for a Proposed Habitat Conservation Plan for the Endangered American Burying Beetle for American Electric Power in Oklahoma, Arkansas, and Texas

SUMMARY: We, the U.S. Fish and Wildlife Service (Service), are notifying the public that we intend to prepare a draft environmental impact statement (EIS) to evaluate the impacts of alternatives relating to the proposed issuance of an Endangered Species Act (ESA) Incidental Take Permit (ITP) in response to the American Electric Power Habitat Conservation Plan (HCP). The ITP is needed to cover incidental take of the endangered American burying beetle (ABB) from activities associated with construction, operation, and/or maintenance of electric transmission and distribution lines or other associated infrastructure. American Electric Power (AEP) intends to apply for an ITP under the ESA and agrees to develop and implement the proposed HCP. We also are announcing the initiation of a public scoping process to engage Federal, Tribal, State, and local governments and the public in the identification of issues and concerns, potential impacts, and possible alternatives to the proposed action.

DATES: In order to be included in the analysis, all comments must be received or postmarked by February 21, 2017. See SUPPLEMENTARY INFORMATION regarding meeting dates.

ADDRESSES: Please provide comments in writing, by one of the following methods:

Email: OKES_HCP_EIS@fws.gov;

Facsimile: 918-581-7467, Attn: OKES HCP EIS; or

U.S. mail: Field Supervisor, Oklahoma Ecological Services Field Office, U.S. Fish and Wildlife Service, 9014 E. 21st St., Tulsa, OK 74129.

Please specify that your information request or comments concern the AEP draft EIS/HCP (TE01909C).

See SUPPLEMENTARY INFORMATION regarding meeting locations.

FOR FURTHER INFORMATION CONTACT: Jonna Polk, by U.S. mail at the U.S. Fish and Wildlife Service, Oklahoma Ecological Services Field Office, 9014 E. 21st St., Tulsa, OK 74129, or by phone at 918-581-7458. If you use a telecommunications device for the deaf (TDD), please call the Federal Information Relay Service at 800-877-8339.

SUPPLEMENTARY INFORMATION: We publish this notice in compliance with the National Environmental Policy Act of 1969 (NEPA), as amended (42 U.S.C. 4321 et seq.), and its implementing regulations (40 CFR 1501.7, 1506.6, and 1508.22), and section 10(c) of the Endangered Species Act of 1973 (the Act), as amended (16 U.S.C. 1539(c)). We intend to gather the information necessary to determine impacts and alternatives to support a decision regarding the potential issuance of an incidental take permit to AEP, and the implementation of the supporting draft habitat conservation plan (HCP).

Meeting Information

We will conduct four public scoping meetings within the 62-county proposed covered area, which includes the ABB range: Tulsa, OK; McAlester, OK; Fort Smith, AR; and Texarkana, TX. Exact meeting locations and times will be announced in local newspapers and on Service Web sites at least 2 weeks prior to each event (Oklahoma Ecological Services Office Web site, http://www.fws.gov/southwest/es/Oklahoma/; Arkansas Ecological Services Office Web site, https://www.fws.gov/arkansas-es/; and Arlington, Texas, Ecological Services Office Web site, https://www.fws.gov/southwest/es/ArlingtonTexas/). The scoping meetings will provide the public with an opportunity to ask questions and discuss issues with Service staff regarding the EIS and provide written comments.

Persons needing reasonable accommodations in order to attend and participate in a public meeting should contact us at the address listed in ADDRESSES no later than 1 week before the relevant public meeting. Information regarding this proposed action is available in alternative formats upon request.

We will accept written comments at each meeting. You may also submit written comments to the Field Supervisor at the email or U.S. mail addresses in ADDRESSES.

Background

Section 9 of the ESA prohibits "take" of fish and wildlife species listed as endangered or threatened (16 U.S.C. 1531-1544). Under section 3 of the ESA, the term "take" means to harass, harm, pursue, hunt, shoot, wound, kill, trap, capture, or collect, or to attempt to engage in any such conduct (16 U.S.C. 1532(19)). The term "harm" is further defined by regulation as an act that actually kills or injures wildlife. Such act may include significant habitat modification or degradation where it actually kills or injures wildlife by significantly impairing essential behavioral patterns, including breeding, feeding, or sheltering (50 CFR 17.3). The term "harass" is also further defined in the regulations as an intentional or negligent act or omission that creates the likelihood of injury to wildlife by annoying it to such an extent as to significantly disrupt normal behavioral patterns, which include, but are not limited to, breeding, feeding, or sheltering (50 CFR 17.3).

Under section 10(a)(1)(B) of the Act, the Secretary of the Interior may authorize the taking of federally listed species if such taking occurs incidental to otherwise legal activities and where a conservation plan has been developed under section 10(a)(2)(A) that describes: (1) The impact that will likely result from such taking; (2) the steps an applicant will take to minimize and mitigate that take to the maximum extent practicable and the funding that will be available to implement such steps; (3) the alternative actions to such taking that an applicant considered and the reasons why such alternatives are not being utilized; and (4) other measures that the Service may require as being necessary or appropriate for the purposes of the plan. Issuance criteria under section 10(a)(2)(B) for an incidental take permit require the Service to find that: (1) The taking will be incidental to otherwise lawful activities; (2) an applicant will, to the maximum extent practicable, minimize and mitigate the impacts of such taking; (3) an applicant has ensured that adequate funding for the plan will be provided; (4) the taking will not appreciably reduce the likelihood of the survival and recovery of the species in the wild; and (5) the measures, if any, we require as necessary or appropriate for the purposes of the plan will be met. Regulations governing permits for endangered and threatened species are at 50 CFR 17.22 and 17.32, respectively.

Public Scoping

A primary purpose of the scoping process is to receive suggestions and information on the scope of issues and alternatives to consider when drafting the EIS, and to identify significant issues and reasonable alternatives related to the Service's proposed action (issuance of the ITP under the AEP HCP). In order to ensure that we identify a range of issues and alternatives related to the proposed action, we invite comments and suggestions from all interested parties. We will conduct a review of this project according to the requirements of NEPA and its regulations, other relevant Federal laws, regulations, policies, and guidance, and our procedures for compliance with applicable regulations.

Once the draft EIS and draft HCP are completed, we will offer further opportunities for public comment on the content of these documents through additional public meetings and a 90-day public comment period.

Alternatives

No-Action Alternative

Under the no-action alternative, AEP would comply with the Act by avoiding impacts to (take of) the ABB where practicable. If take cannot be avoided and there is Federal involvement in the project (for example, a Federal permit, such as a Corps of Engineers section 404 Clean Water Act permit, authorization, or funding exists), AEP may receive take coverage through a biological opinion issued by the Service to the Federal action agency. If there is no Federal involvement in the project, AEP can apply for an incidental take permit from the Service. This approach is more time consuming and less efficient, because permits would need to be considered and processed one project at a time, which could result in an isolated, independent mitigation approach.

Proposed Alternative

The proposed action is issuance of an incidental take permit for the covered species during construction, operation, and/or maintenance of electric transmission and distribution lines or other associated infrastructure. The proposed HCP, which must meet the requirements in section 10(a)(2)(A) of the Act, would be developed in coordination with the Service and implemented by AEP. This alternative will allow for a comprehensive mitigation approach for authorized impacts and result in a more efficient and timely permit processing effort for the Service and AEP. Actions covered under the requested incidental take permit may include possible take of covered species associated with activities including, but not limited to, construction, operation, and/or maintenance of electric transmission and distribution lines or other associated infrastructure. The proposed permit submitted by American Energy Power provides coverage for a period of 30 years.

Sixty-two counties are in the proposed permit area, including Adair, Atoka, Bryan, Carter, Cherokee, Choctaw, Cleveland, Coal, Craig, Creek, Delaware, Garvin, Haskell, Hughes, Johnston, Kay, Latimer, Le Flore, Lincoln, Logan, Love, Marshall, Mayes, McClain, McCurtain, McIntosh, Murray, Muskogee, Noble, Nowata, Okfuskee, Oklahoma, Okmulgee, Osage, Ottawa, Pawnee, Payne, Pittsburg, Pontotoc, Pottawatomie, Pushmataha, Rogers, Seminole, Sequoyah, Tulsa, Wagoner, and Washington Counties in Oklahoma; Clark, Crawford, Franklin, Hempstead, Johnson, Little River, Logan, Miller, Sebastian, Scott, and Yell Counties in Arkansas; and Bowie, Fannin, Lamar, and Red River Counties in Texas. The species covered under the requested incidental take permit is the ABB. We will be evaluating whether the covered activities will impact other species and whether they should be included on the permit or if management practices can be implemented that are sufficient to avoid take. These species and their legal status include:

--This is a summary of a Federal Register article originally published on the page number listed below--

Notice of intent; announcement of meetings; request for comments.

Citation: "82 FR 6625"

Document Number: "FWS-R2-ES-2016-N199; FXES11140200000F2-178-FF02ENEH00"

Federal Register Page Number: "6625"

"Notices"

(c) 2017 Federal Information & News Dispatch, Inc., source Federal Documents

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN ELECTRIC POWER CO
01/19 AMERICAN ELECTRIC POWER : Notice of Intent To Prepare a Draft Environmental Impa..
01/19 AMERICAN ELECTRIC POWER : Fort Smith to host public comment meeting to address i..
01/19 AMERICAN ELECTRIC POWER : AEP Joins Army PaYS Program To Provide Private Sector ..
01/11 AMERICAN ELECTRIC POWER : Nick Akins Receives EEI's 'Distinguished Leadership Aw..
01/10 AMERICAN ELECTRIC POWER : AEP to Participate in Evercore ISI Utility CEO Confere..
01/07 FIRSTENERGY : American Electric Power to approach renewable energy differently
01/05 AMERICAN ELECTRIC POWER : AEP Ohio Schedules Open House to Discuss Electric Tran..
01/02 AMERICAN ELECTRIC POWER : Renewable energy project proposals sought
2016 AMERICAN ELECTRIC POWER : Thousands without power in Lawrence Co., Ohio
2016 AMERICAN ELECTRIC POWER : AEP issues Ohio wind call
More news
Sector news : Electric Utilities - NEC
01/16DJPower Assets to Decide Whether to Pay Special Dividend on January 26
01/15DJDuet Agrees to $5.48 Billion Offer from Cheung Kong Infrastructure
01/10DJENTERGY : Plant Closure to Cost Jobs, Tax Revenue -- WSJ
01/10DJENTERGY : Agrees to Close Controversial Indian Point Nuclear Plant -- Update
01/10DJENTERGY : Westchester County Bracing for Closure of Indian Point Nuclear Plant
More sector news : Electric Utilities - NEC
News from SeekingAlpha
01/12 VALUATION DASHBOARD : Utilities - Update
01/12 Berkshire Hathaway B Shares Are Undervalued - Cramer's Lightning Round (1/11/..
01/10 Bert's December Dividend Income Summary
01/06 AMERICAN ELECTRIC POWER : The Market's Most Electrifying Utility?
01/03 UTILITY STOCKS FOR DIVIDEND GROWTH : The Correct Metric Is Important
Advertisement
Financials ($)
Sales 2016 16 524 M
EBIT 2016 3 523 M
Net income 2016 1 648 M
Debt 2016 17 841 M
Yield 2016 3,62%
P/E ratio 2016 18,80
P/E ratio 2017 17,14
EV / Sales 2016 2,95x
EV / Sales 2017 3,07x
Capitalization 30 830 M
More Financials
Chart AMERICAN ELECTRIC POWER CO
Duration : Period :
American Electric Power Co Technical Analysis Chart | AEP | US0255371017 | 4-Traders
Full-screen chart
Technical analysis trends AMERICAN ELECTRIC...
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 67,1 $
Spread / Average Target 7,0%
Consensus details
EPS Revisions
More Estimates 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN ELECTRIC POWE..-0.41%30 830
DUKE ENERGY CORP-0.64%53 131
SOUTHERN CO-0.28%48 069
DOMINION RESOURCES, IN..-1.27%47 395
IBERDROLA SA-4.60%41 290
EXELON CORPORATION0.70%32 998
More Results