AEP Sells Four Plants, to Reinvest $17 Billion, an

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
AEP Sells Four Plants, to Reinvest $17 Billion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 2, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Consistently weak natural gas prices have translated to lower electricity pricing services for American Electric Power Company (AEP) (NYSE:AEP) (Columbus, Ohio), which serves about 5.4 million customers across 11 states. Two other factors led to lower quarterly results for the company: a warmer-than-expected winter, which reduced demand for heat, and $2.3 billion in impairment charges linked to power plants in and near Ohio. Industrial Info is tracking $1.82 billion in active projects involving AEP.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News , or browse other breaking industrial news stories at www.industrialinfo.com .

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com " Contact Us " page.

Contact: Brian Ford (713) 980-9393

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

Essity's Recent Share Buyback: What You Need to Know

Updated Category News Views 154

Essity's Commitment to Share Buybacks In recent developments, Essity Aktiebolag (publ) has embarked on a strategic journey involving the repurchase of Class B shares. From November 4 to November 8, 2024, the company successfully bought back a total of 270,000 of its own Class B shares. This initiative is part of a broader buyback program that aims to enhance shareholder...

Continue Reading
Michael Kalen Steers Eagle Rock Wealth for Big Growth

Updated Category News Views 6

Michael Kalen Takes Charge at Eagle Rock Wealth Now, here's a development that should make investors sit up and take notice: Michael Kalen has been named President of Eagle Rock Wealth, one of the big shots in private wealth management. With a history mired in leadership across major financial sectors, Kalen isn't your run-of-the-mill executive. His past gigs as President...

Continue Reading
Veris Residential's $3.4B Acquisition: Cashing In Big Time

Updated Category News Views 195

Veris Residential Seals the Deal A big shake-up in the multifamily REIT market—Veris Residential (NYSE:VRE) just got the green light for a whopping acquisition by Affinius Capital and pals, all to the tune of $3.4 billion in cash. Yep, you heard that right. Shareholders are looking at a sweet $19.00 per share coming their way. That's a hefty 23.2% premium over the...

Continue Reading
Kairon Labs and Solidus Labs Join Forces for Market Integrity

Updated Category News Views 281

Kairon Labs Partners with Solidus Labs to Innovate Market Practices Kairon Labs, a leading crypto market maker and liquidity provider, has entered into a strategic partnership with Solidus Labs, a pioneer in crypto-native compliance and risk management solutions. This collaboration is focused on enhancing Kairon Labs' compliance program in anticipation of the European...

Continue Reading
Investors Facing Class Action Lawsuits: Indivior, CrowdStrike, DXC, Five Below

Updated Category News Views 194

Update on Class Action Lawsuits Involving Major Stocks Investors, especially those holding shares in important companies, are currently facing a series of class action lawsuits. Renowned law firm Bragar Eagel & Squire, P.C. has announced the initiation of class actions against Indivior PLC (NASDAQ: INDV), CrowdStrike Holdings, Inc. (NASDAQ: CRWD), DXC Technology Company...

Continue Reading