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AEP Energy Partners Seeks Wind, Solar and Storage Projects in PJM


AEP Energy Partners Seeks Wind, Solar and Storage Projects in PJM
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COLUMBUS, Ohio, March 4, 2021 /PRNewswire/  AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company (Nasdaq: AEP), is seeking proposals for off-take from new solar, new/repowered wind facilities, and stand-alone or co-located Battery Energy Storage Systems (BESS) located in PJM. 
For the PJM sited projects, the company is seeking renewable energy purchase agreements of 10, 12 or 15 years for solar, wind facilities (including incremental power from repowering), and BESS that begin operation between 2021 and 2024.
AEPEP will use the contracted offtake to support the company s growing retail, which includes the company s Integrated Renewable Energy (IRE) solution, and wholesale loads in PJM.  ....

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American Electric Power Inc (AEP) Q4 2020 Earnings Call Transcript


American Electric Power Inc (AEP) Q4 2020 Earnings Call Transcript
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American Electric Power Inc (NYSE: AEP)
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Operator
Ladies and gentlemen, thank you for standing by, and welcome to the American Electric Power Fourth Quarter 2020 Earnings Call. [Operator Instructions] And as a reminder, today s conference call is being recorded. I would now like to turn the conference over to Darcy Reese. Please go ahead.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Pl ....

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AEP Reports Strong 2020 Earnings; Raises 2021 Operating Earnings Guidance


AEP Reports Strong 2020 Earnings; Raises 2021 Operating Earnings Guidance
- Year-end 2020 GAAP and operating earnings of $4.44 per share
- Fourth-quarter 2020 earnings of $0.88 per share GAAP and $0.87 per share operating
- Company raises 2021 operating earnings (non-GAAP) guidance range to $4.55 to $4.75 per share; maintains 5% to 7% long-term growth rate based on new guidance
- AEP accelerates carbon dioxide emissions reduction goals to reach net zero by 2050
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AMERICAN ELECTRIC POWER
Year-to-date ended December 31
0.20
EPS based on 496 million shares 4Q 2020, 494 million shares 4Q 2019, 496 million shares YTD 2020 and 494 million shares YTD 2019.
American Electric Power (Nasdaq: AEP) today reported fourth-quarter 2020 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $436 million or $0.88 per share, compared with GAAP earnings of $154 million or $0.31 per share ....

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