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AEP Reports Strong First-Quarter 2021 Earnings

0.13
EPS based on 497 million shares 1Q 2021, 495 million shares 1Q 2020, 497 million shares YTD 2021 and 495 million shares YTD 2020.
American Electric Power (Nasdaq: AEP) today reported first-quarter 2021 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $575 million or $1.16 per share, compared with GAAP earnings of $495 million or $1.00 per share in first-quarter 2020. Operating earnings for first-quarter 2021 were $571 million or $1.15 per share, compared with operating earnings of $504 million or $1.02 per share in first-quarter 2020.
Operating earnings is a non-GAAP measure representing GAAP earnings excluding special items. The difference between 2021 GAAP earnings and operating earnings for the quarter was due to the mark-to-market impact of economic hedging activities. ....

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La-Z-Boy Signs Long-Term Renewable Energy Deal

La-Z-Boy Signs Long-Term Renewable Energy Deal
MONROE, Mich., April 21, 2021 (GLOBE NEWSWIRE) La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, has finalized a 10-year resource-backed virtual power purchase agreement (VPPA), extending through the end of 2030, with AEP Energy Partners, a competitive energy subsidiary of American Electric Power (Nasdaq: AEP). The agreement signifies a meaningful initiative as La-Z-Boy expands its environmental programs in its quest to reduce its carbon footprint. La-Z-Boy’s VPPA will support approximately 70,000 MWh of renewable energy per year, from AEP’s principally owned Santa Rita East wind energy center in Irion County, Texas, throughout the term of the agreement. Once fully implemented, La-Z-Boy will receive renewable energy certificates (REC) equivalent to roughly 16 MW of wind power capacity representing more than 90% of La-Z-Boy’s current total annual domestic energy consumption. ....

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La-Z-Boy Signs Long-Term Renewable Energy Deal

La-Z-Boy Signs Long-Term Renewable Energy Deal
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First North Central Wind Project Begins Commercial Operation

First North Central Wind Project Begins Commercial Operation
Columbus OH /PRNewswire/ - American Electric Power s (Nasdaq: AEP) 199-megawatt (MW) Sundance Wind Energy Center in north central Oklahoma has begun commercial operation. Located in Woods County, Sundance is one of three wind projects that compose the North Central Energy Facilities, which will provide 1,485 MW of clean energy to customers of AEP s Public Service Company of Oklahoma (PSO) and Southwestern Electric Power Company (SWEPCO) subsidiaries.
Invenergy is developing the North Central Energy Facilities, and PSO and SWEPCO will assume ownership of each of the three wind projects following their commercial operation.
The other facilities, Maverick (287 MW) and Traverse (999 MW), are expected to begin operating later this year and in early 2022, respectively. In total, the projects will generate enough energy to power 440,000 homes. ....

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AEP Declares Quarterly Dividend On Common Stock

AEP Declares Quarterly Dividend On Common Stock
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COLUMBUS, Ohio, April 20, 2021 /PRNewswire/ The Board of Directors of American Electric Power Co. (Nasdaq: AEP) today declared a regular quarterly cash dividend of 74 cents a share on the company s common stock.
The dividend is payable June 10, 2021, to shareholders of record as of May 10, 2021, and is the company s 444th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.
American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP s approximately 16,800 employees operate and maintain the nation s largest electricity transmission system and more than 223,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million re ....

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