Columbus, OH, United States
Columbus, OH, United States

American Electric Power is a major investor-owner electric utility in the United States, delivering electricity to more than 5 million customers in 11 states.AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile -network that includes 765 kilovolt ultra-high voltage transmission lines, more than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in Electric Reliability Council of Texas, the transmission system that covers much of Texas. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power , Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company . AEP's headquarters are in Columbus, Ohio.American Electric Power was the first utility to utilize 345 kV transmission lines which took place in 1953. Wikipedia.


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News Article | April 17, 2017
Site: www.renewableenergyworld.com

U.S. utility American Electric Power (AEP) has upgraded one of its existing energy storage sites with software that will qualify it to participate in the PJM Interconnection frequency regulation market.


News Article | April 25, 2017
Site: www.prnewswire.com

COLUMBUS, Ohio, April 25, 2017 /PRNewswire/ -- The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 59 cents a share on the company's common stock. The dividend is payable June 9, 2017, to shareholders of record as of May 10, 2017, and is the company's 428th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.


News Article | April 20, 2017
Site: www.prnewswire.com

The call will be archived on http://www.aep.com/webcasts for use by those unable to listen to the live webcast. American Electric Power is one of the largest electric utilities in the United States, delivering electricity and custom energy solutions to nearly 5.4 million customers in 11 states. AEP owns the nation's largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP also operates 224,000 miles of distribution lines. AEP ranks among the nation's largest generators of electricity, owning approximately 26,000 megawatts of generating capacity in the U.S. AEP supplies 3,200 megawatts of renewable energy to customers. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aep-schedules-live-webcast-of-quarterly-earnings-call-300443100.html


News Article | April 28, 2017
Site: www.prnewswire.com

Proposal packages must be received by AEPGR no later than 5 p.m., Thursday, May 18, 2017. Proposals can be submitted by e-mail to kkchilcote@aepes.com, or by mail to AEPGR RFP- Coal Proposal, ATTN: Kimberly Chilcote, Manager, Fuel Procurement, AEP Energy Supply, 155 W. Nationwide Blvd., Columbus, Ohio 43215. Complete details about the Requests for Proposals are available at www.aep.com/go/coaloffers or by calling Jim Henry at (614) 583-6974, Kim Chilcote at (614) 583-6301 or Mike Ward (614) 583-7270. American Electric Power is one of the largest electric utilities in the United States, delivering electricity and custom energy solutions to nearly 5.4 million customers in 11 states. AEP owns the nation's largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP also operates 224,000 miles of distribution lines. AEP ranks among the nation's largest generators of electricity, owning approximately 26,000 megawatts of generating capacity in the U.S. AEP also supplies 3,200 megawatts of renewable energy to customers. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aep-generation-resources-seeks-bids-for-coal-300448305.html


— SLM or Spatial Light Modulator is a component which imposes spatially varying modulation on beam of a light. Overhead projector in the institutes and organizations are the best example of a Spatial Light Modulator. Some factors which are driving the market of spatial light modulator are growing economy and expansion of organizations as well as implementation of advance technology in education sector. Technological advancement in the field of information technology is also one of the factor supporting the market. Global Spatial Light Modulator Market has been valued at US ~$215 million in the year 2015 which is expected to grow at US ~$553 million by the end of forecast period with expected CAGR of ~15%. Study Objectives of Spatial Light Modulator Market: • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Spatial Light Modulator Market • To provide insights about factors affecting the market growth • To analyze the Spatial Light Modulator market based on various factors- supply chain analysis, porter’s five force analysis etc. • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW) • To provide country level analysis of the market with respect to the current market size and future prospective • To provide country level analysis of the market for segment by type, by applications and sub-segments. • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Spatial Light Modulator Market Complete Report Available at https://www.marketresearchfuture.com/reports/spatial-light-modulator-market . Key Players for Spatial Light Modulator Market: The prominent players in the market of Spatial Light Modulator are- American Electric Power (U.S.), Texas Instruments Inc. (U.S.), Jenoptik AG (Germany) Laser 2000 (UK) Ltd (UK), Forth Dimension Displays (UK), Santec Corporation (U.S.), PerkinElmer, Inc., (U.S.), Holoeye Photonics AG (Germany), Hamamatsu Photonics (Japan), Meadowlark Optics, Inc (U.S.) among others. Segments: Market Research Future has segmented the Spatial Light Modulator into Types and Applications. Types of SLM includes- Optically Addressed SLM and Electrically Addressed SLM whereas the applications of SLM has been identified as Optical, Display, Holographic among others. Regional Analysis of Spatial Light Modulator Market: Currently, Asia-Pacific accounts for largest market share due to the growing economy of countries and strong manufacturing presence in China and Japan. North America stands as second biggest market closely followed by Europe. Table of Content 1 MARKET INTRODUCTION 1.1 INTRODUCTION 1.2 SCOPE OF STUDY 1.2.1 RESEARCH OBJECTIVE 1.2.2 ASSUMPTIONS 1.2.3 LIMITATIONS 1.3 MARKET STRUCTURE: 1.3.1 GLOBAL SPATIAL LIGHT MODULATOR MARKET, BY TYPE 1.3.3 GLOBAL SPATIAL LIGHT MODULATORS MARKET: BY APPLICATION 2 RESEARCH METHODOLOGY 2.1 RESEARCH TYPE 2.2 PRIMARY RESEARCH 2.3 SECONDARY RESEARCH 2.4 FORECAST MODEL 2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST 2.4.2 MARKET SIZE ESTIMATION 2.4.3 MARKET CRACKDOWN & DATA TRIANGULATION 3 GLOBAL SPATIAL LIGHT MODULATORS MARKET: OVERVIEW 3.1 INTRODUCTION 3.1.1 DEFINITION 3.1.2 MARKET SEGMENTATION OF SPATIAL LIGHT MODULATORS MARKET 4 GLOBAL SPATIAL LIGHT MODULATOR MARKET, COMPETITIVE LANDSCAPE 4.1 KEY STRATEGIES AND DEVELOPMENTS 4.1.1 ACQUISITIONS 4.1.2 PARTNERSHIPS & COLLABORATIONS 4.1.3 PRODUCT LAUNCH 4.1.4 BUSINESS EXPANSION 4.1.5 OTHERS 4.2 PORTER’S FIVE FORCES ANALYSIS 4.2.1 THREAT OF NEW ENTRANTS 4.2.2 BARGAINING POWER OF BUYERS 4.2.3 BARGAINING POWER OF SUPPLIERS 4.2.4 THREAT OF SUBSTITUTES 4.2.5 INTENSITY OF COMPETITIVE RIVALRY 5 MARKET OVERVIEW 5.1 INTRODUCTION 5.2 MARKET DRIVERS 5.3 MARKET CHALLENGES 5.4 MARKET OPPORTUNITIES 6 GLOBAL SPATIAL LIGHT MODULATOR MARKET, BY TYPE 6.1 INTRODUCTION 6.1.1 MARKET STATISTICS 6.2 OPTICALLY ADDRESSED 6.3 ELECTRICALLY ADDRESSED 7 GLOBAL SPATIAL LIGHT MODULATOR MARKET, ESTIMATION & FORECAST, BY APPLICATION 7.1 INTRODUCTION 7.1.1 MARKET STATISTICS 7.2 OPTICAL 7.3 DISPLAY 7.4 HOLOGRAPHIC 7.5 OTHERS 8 GLOBAL SPATIAL LIGHT MODULATOR MARKET, ESTIMATION AND FORECAST, BY GEOGRAPHY 8.1 INTRODUCTION 8.1.1 MARKET STATISTICS 8.2 NORTH AMERICA 8.3 EUROPE 8.4 APAC 8.5 ROW 9 COMPANY PROFILES 9.1 AMERICAN ELECTRIC POWER 9.2 TEXAS INSTRUMENTS INC. 9.3 JENOPTIK AG 9.4 LASER 2000 (UK) LTD 9.5 FORTH DIMENSION DISPLAYS 9.7 PERKINELMER, INC., 9.8 HOLOEYE PHOTONICS AG 9.9 HAMAMATSU PHOTONICS 9.10 MEADOWLARK OPTICS, INC For more information, please visit https://www.marketresearchfuture.com/reports/spatial-light-modulator-market


"The SU Smart City Accelerator will attract innovators from around the world and amplify the successes Columbus already has achieved in becoming recognized as a global center of technology and innovation," said Mayor Andrew J. Ginther. "I view the SU Smart Cities Accelerator as a mutually supportive partner and participant of Smart Columbus, and I look forward to working with Singularity University on this transformative initiative." "When Columbus won the U.S. Department of Transportation Smart City Challenge, Singularity University wanted to be part of – and contribute to – the innovation ecosystem here," said Singularity University Vice President of Corporate Innovation, Nick Davis. "One of the primary goals of Smart Columbus is to support the local entrepreneurial environment, expose local corporations and entrepreneurs to cutting-edge ideas from other cities, and provide the foundation for a sustainable link between Columbus and other innovation hubs across the world." Startups, ranging from early-stage companies with a working prototype of their products to those beginning to grow their revenue, can learn more and apply online at su.org/sca. Singularity University Accelerators are differentiated in the market by their focus on exponential thinking and technologies, as well as by the commitment SU makes to supporting innovation over the long term. "We are committed to giving the innovators and entrepreneurs who participate in this world-class accelerator program full access to our community as a living laboratory so that we can learn together what business models and technologies are going to make our cities better in the future for all people," said Alex Fischer, President and CEO of the Columbus Partnership, representative of the region's business leadership and the entity co-leading Smart Columbus alongside the City of Columbus. "There is unprecedented investment and commitment by local and national industry leaders to demonstrate in Columbus what the future can be for mid-size cities, the most prevalent city size in the world. We are proud to have SU joining the team as we embark on this journey." The SU Smart Cities Accelerator will choose 10 businesses focused on one or more of the following: SU will provide help accessing  Singularity University faculty and programs, identify mentors from large companies and startups across the globe to provide expertise on industry and technology, and assign mentors to the team for which their expertise will be most valuable. Other sponsors will facilitate  web services, legal support, financial services, and tax planning for the ten businesses. With Singularity University's support, Columbus will have the opportunity to integrate West Coast innovation concepts into its existing networks. Over the past decade, business accelerator programs tailored to the unique strengths of a given community have emerged as key engines for generating innovation, new businesses and new jobs. "Bringing the Singularity University (SU) Smart City Accelerator to Columbus is a catalyst for innovation and technology in Columbus, and AEP is proud to be a part of it," said AEP CEO Nick Akins. "In fact we so believe in the benefits of SU's Smart City Accelerator that we are sending an AEP team through it. The vision of Smart Columbus is for this community to be a center of innovation and entrepreneurship, and the SU Smart City Accelerator represents a significant step toward the realization of that vision." "This accelerator will empower entrepreneurs to leverage breakthroughs in technology, from autonomous vehicles to efficiencies made possible by object awareness, to enhance lives and improve standards of living," said Rich Langdale, Managing Partner, NCT Ventures. "The Smart Cities initiative is more than a challenge. Civilization is at a turning point and Columbus has the opportunity to promote innovation and pioneer what it means to live in a smart city of the future." Partners and sponsors of the SU Smart City Accelerator can also benefit from getting involved beyond raising awareness and linking their brands to thought leadership and innovation.  Sponsoring companies can choose to develop new products outside their traditional - often slower - R&D processes and gain the help of outside experts and resources. They will also get a first look at the most cutting-edge startups as well as possible market disruptions these startups represent, helping them to formulate better strategies for their own futures. Sponsors and partners will gain full access to all accelerator classes and presentations from subject matter experts in all areas around smart city technologies and innovation. Companies outside Columbus will gain invaluable access to the city's existing corporate, industry and academic expertise, while local startups will benefit by forging critical relationships with entrepreneurs and thought leaders from across the country. To learn more about how local businesses, organizations and individuals can get involved in the SU Smart Cities Accelerator as a sponsor, partner, mentor, or by investing resources, expertise or other in-kind support go to su.org/sca. As the sole winner of the U.S. Department of Transportation's (USDOT) Smart Cities Challenge, Columbus was awarded funding and designated America's Smart City; but more importantly it also won the coveted job as global teacher for cities around the world on how to "become Smart" by embracing the reinvention of transportation to accelerate human progress.  Columbus received a total of $50 million in the form of two grants: $40 million from USDOT and $10 million from Vulcan, Inc., a Paul Allen company. These dollars provide the seed funding for Smart Columbus, a region-wide Smart City initiative co-led by the City of Columbus and Columbus Partnership.  The City of Columbus, under the leadership of Mayor Andrew J. Ginther, is the lead recipient of the $50 million and will administer the deployment of these funds for the duration of the grant period, which concludes at the end of 2020.  The Columbus Partnership, representing the Columbus Region's private sector, is the lead implementation partner for the grant program and is responsible for the initiative's Acceleration Fund, which is credited as a significant factor in Columbus' winning of the challenge. The Acceleration Fund, which started out as $90 million now totals more than $360 million and is composed of coordinated and aligned investments by the private sector to complement, scale, and sustain Smart Columbus projects and programs.  This number will continue to increase as new partnerships are formed with companies like Singularity University to reach the goal of $1 billion by 2020. Headquartered in Columbus, American Electric Power is one of the largest electric utilities in the United States, delivering electricity and custom energy solutions to nearly 5.4 million customers in 11 states. AEP owns the nation's largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP also operates 224,000 miles of distribution lines. AEP ranks among the nation's largest generators of electricity, owning approximately 26,000 megawatts of generating capacity in the U.S. AEP supplies 3,200 megawatts of renewable energy to customers. NCT Ventures is a Columbus-based venture capital firm dedicated to providing a platform for entrepreneurs to succeed in turning their ideas into profitable business models through hands-on operational support. Over the last 20 years, NCT has helped build many successful companies across a variety of industries. NCT empowers entrepreneurs to develop disruptive technologies that improve market efficiencies. For more information, visit http://www.nctventures.com/. Singularity University is a global learning and innovation community using exponential technologies to tackle the world's biggest challenges and build an abundant future for all. SU's collaborative platform empowers individuals and organizations across the globe to learn, connect, and innovate breakthrough solutions using accelerating technologies like artificial intelligence, robotics, and digital biology. SU was founded in 2008 by renowned innovators Ray Kurzweil and Peter H. Diamandis and is partnered with leading organizations including Google, Deloitte, Genentech, and UNICEF. To learn more, visit SU.org, join us on Facebook, and follow us on Twitter @SingularityU. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/singularity-university-launches-smart-city-accelerator-in-columbus-ohio-in-partnership-with-american-electric-power-and-nct-ventures-to-support-entrepreneurship-300453027.html


AEP delivered a total shareholder return of nearly 12 percent in 2016 and increased its quarterly dividend 5.4 percent. The company's transmission business contributed 54 cents per share to earnings in 2016, up 38 percent from 2015. "We are well-positioned as a premier regulated energy company that delivers strong financial results for our shareholders. The investments we're making in our core regulated businesses, along with our proven track record of cost discipline, will support our operating earnings growth rate of 5 percent to 7 percent," Akins said. Akins also discussed AEP's new logo and brand identity, which were unveiled in March. He praised the passion of the company's 17,600 employees in working to create a brighter future for the customers and communities AEP serves. "Our employees are committed to making sure our customers have the safe, reliable and increasingly clean energy they need to power their lives. Together, we are developing new and innovative energy solutions to meet our customers' expectations, strengthening our communities and redefining the future of energy," Akins said. In business items at the annual shareholders meeting, AEP shareholders elected 12 directors. Directors re-elected to the board are: Nicholas K. Akins, 56, of Dublin, Ohio; David J. Anderson, 67, of Greenwich, Conn.; J. Barnie Beasley Jr., 65, of Sylvania, Ga.; Ralph D. Crosby Jr., 69, of McLean, Va.; Linda A. Goodspeed, 55, of Marco Island, Fla.; Thomas E. Hoaglin, 67, of Columbus, Ohio; Sandra Beach Lin, 59, of Flower Mound, Texas; Richard C. Notebaert, 69, of Chicago; Lionel L. Nowell III, 62, of Marco Island, Fla.; Stephen S. Rasmussen, 64, of Columbus, Ohio; Oliver G. Richard III, 64, of Lake Charles, La.; and Sara Martinez Tucker, 61, of Dallas. Approximately 97 percent of shares voted to reapprove the material terms of AEP's senior officer incentive plan. Approximately 99 percent of shares voted ratified the firm of PricewaterhouseCoopers LLP as AEP's independent public accounting firm for 2017. Approximately 85 percent of shares voted indicated support for AEP's executive officer compensation program. Approximately 89 percent of shares voted in support of continuing to hold an advisory vote on executive compensation once a year. American Electric Power is one of the largest electric utilities in the United States, delivering electricity and custom energy solutions to nearly 5.4 million customers in 11 states. AEP owns the nation's largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP also operates 224,000 miles of distribution lines. AEP ranks among the nation's largest generators of electricity, owning approximately 26,000 megawatts of generating capacity in the U.S. AEP supplies 3,200 megawatts of renewable energy to customers. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio. This report made by American Electric Power and its Registrant Subsidiaries contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although AEP and each of its Registrant Subsidiaries believe that their expectations are based on reasonable assumptions, any such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are: the economic climate, growth or contraction within and changes in market demand and demographic patterns in AEP's service territory; inflationary or deflationary interest rate trends; volatility in the financial markets, particularly developments affecting the availability or cost of capital to finance new capital projects and refinance existing debt; the availability and cost of funds to finance working capital and capital needs, particularly during periods when the time lag between incurring costs and recovery is long and the costs are material; electric load, customer growth and the impact of competition, including competition for retail customers; weather conditions, including storms and drought conditions, and AEP's ability to recover significant storm restoration costs; the cost of fuel and its transportation and the creditworthiness and performance of fuel suppliers and transporters; availability of necessary generating capacity and the performance of AEP's generating plants; AEP's ability to recover fuel and other energy costs through regulated or competitive electric rates; AEP's ability to build transmission lines and facilities (including the ability to obtain any necessary regulatory approvals and permits) when needed at acceptable prices and terms and to recover those costs; new legislation, litigation and government regulation, including oversight of nuclear generation, energy commodity trading and new or heightened requirements for reduced emissions of sulfur, nitrogen, mercury, carbon, soot or particulate matter and other substances that could impact the continued operation, cost recovery, and/or profitability of AEP's generation plants and related assets; evolving public perception of the risks associated with fuels used before, during and after the generation of electricity, including nuclear fuel; a reduction in the federal statutory tax rate that could result in an accelerated return of deferred federal income taxes to customers; timing and resolution of pending and future rate cases, negotiations and other regulatory decisions, including rate or other recovery of new investments in generation, distribution and transmission service and environmental compliance; resolution of litigation; AEP's ability to constrain operation and maintenance costs; AEP's ability to develop and execute a strategy based on a view regarding prices of electricity and gas; prices and demand for power generated and sold at wholesale; changes in technology, particularly with respect to energy storage and new, developing, alternative or distributed sources of generation; AEP's ability to recover through rates or market prices any remaining unrecovered investment in generating units that may be retired before the end of their previously projected useful lives; volatility and changes in markets for capacity and electricity, coal, and other energy-related commodities, particularly changes in the price of natural gas and capacity auction returns; changes in utility regulation and the allocation of costs within regional transmission organizations, including ERCOT, PJM and SPP; the market for generation in Ohio and PJM and the ability to recover investments in Ohio generation assets; AEP's ability to successfully and profitably manage competitive generation assets, including the evaluation and execution of strategic alternatives for these assets as some of the alternatives could result in a loss; changes in the creditworthiness of the counterparties with whom AEP has contractual arrangements, including participants in the energy trading market; actions of rating agencies, including changes in the ratings of AEP debt; the impact of volatility in the capital markets on the value of the investments held by AEP's pension, other postretirement benefit plans, captive insurance entity and nuclear decommissioning trust and the impact of such volatility on future funding requirements; accounting pronouncements periodically issued by accounting standard-setting bodies; and other risks and unforeseen events, including wars, the effects of terrorism (including increased security costs), embargoes, cyber security threats and other catastrophic events. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aep-investing-in-smarter-energy-grid-and-new-technologies-for-customers-shareholders-learn-at-companys-annual-meeting-300445230.html


News Article | May 2, 2017
Site: www.prnewswire.com

"Rapid transformation is taking place throughout the electric power industry, and innovation is a key component to delivering the safe, reliable, affordable, and clean energy that our customers need and expect," said EEI President Tom Kuhn. "This year's Edison Award finalists each have created new, original energy solutions, as well as sustainable plans to implement them, and are leading our industry in delivering the energy future our customers want." A panel of former electric company chief executives will select the winners for the 90th annual Edison Award, which will be presented in June at the EEI Annual Convention in Boston. American Electric Power (AEP) – In just five years, AEP engineers created an innovative new transmission line design called the Breakthrough Overhead Line Design (BOLD). BOLD is the most transformational line design in almost 50 years – delivering more capacity and higher efficiency in a compact, aesthetic form. Arizona Public Service Company (APS) – APS's Solar Partner Program has broken new ground in the industry by using advanced grid technologies to enable the continued growth of distributed generation, while developing a business model to make rooftop solar available to customers, regardless of income or credit level. The company placed 10-megawatts of rooftop solar panels on the homes of 1,600 customers, and successfully deployed advanced inverters and developed other technologies to manage power quality and reliability issues. Edison International – Southern California Edison built the world's first battery and natural gas turbine hybrid system at two existing peaker power plant sites in collaboration with its strategic partners. These Hybrid Enhanced Gas Turbines have achieved unprecedented levels of operational flexibility and are capable of responding instantaneously to electric system needs while reducing emissions and operating costs. Westar Energy – Westar Energy developed the world's first mobile and adjustable-voltage transformer in order to enhance energy grid resiliency. This transformer can be moved on ordinary semi-trucks and provides 80-percent coverage of critical transformers on the company's transmission system, with the ability to be in place and in operation in a matter of days. Jamaica Public Service – In 2016, Jamaica Public Service worked closely with both internal and external stakeholders to build consensus and execute on its plan to convert the Bogue Power Station from diesel fuel to liquefied natural gas. This was a milestone achievement for Jamaica, as LNG forms an integral part of the country's fuel diversification strategy, and significantly advances JPS' efforts to lower fuel costs and reduce emissions. Ontario Power Generation (OPG) – Following the closure of the last of its coal generating stations in 2014, OPG made significant investments in 2016 with a series of complex and diverse initiatives in pursuit of a lower carbon future. This included a pumped storage project, a groundbreaking nuclear refurbishment, hydroelectric developments, and Indigenous partnerships. Today, OPG is Ontario's largest low-cost clean power generator. Tohoku Electric Power – Tohoku Electric Power's Shin-Sendai Thermal Power Station was severely damaged following the 2011 earthquake that struck Japan. Since the earthquake, Tohoku Electric Power has invested in plant reconstruction and revitalization and development in the disaster-affected areas. As a result, the company has reduced its fuel costs and emissions, increased efficiency, formulated new disaster countermeasures, and accelerated overall efforts to restore and serve local communities. EEI is the association that represents all U.S. investor-owned electric companies. Our members provide electricity for 220 million Americans, and operate in all 50 states and the District of Columbia. As a whole, the electric power industry supports more than 7 million jobs in communities across the United States. In addition to our U.S. members, EEI has more than 60 international electric companies as International Members, and hundreds of industry suppliers and related organizations as Associate Members. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/eei-announces-finalists-for-2017-edison-award-300449871.html


American Electric Power (NYSE: AEP) today reported first-quarter 2017 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $592 million or $1.20 per share, compared with $501 million or $1.02 per share in first-quarter 2016. Operating earnings for first-quarter 2017 were $474 million or $0.96 per share, compared with first-quarter 2016 operating earnings of $501 million or $1.02 per share. Operating earnings is a non-GAAP measure representing GAAP earnings excluding special items. The difference between first-quarter 2017 GAAP earnings and operating earnings was largely due to a gain on the sale of competitive generation assets. AEP recorded a $127 million gain in first-quarter 2017 from the Jan. 30 sale of the Lawrenceburg, Waterford, Darby and Gavin plants to Lightstone Generation LLC. A full reconciliation of GAAP earnings to operating earnings for the quarter and year-to-date is included in the tables at the end of this news release. "Our strategic investments in our regulated businesses – including transmission infrastructure and advanced distribution equipment and technology to enhance service for our customers – supported our solid earnings performance for the first quarter, despite much warmer than normal winter weather. The ongoing benefits of those investments, combined with positive economic indicators, give us confidence that we will achieve our operating earnings guidance range of $3.55 to $3.75 per share for the year," said Nicholas K. Akins, AEP chairman, president and chief executive officer. "Our Transmission Holding Co. segment contributed 14 cents per share to earnings for the quarter, an increase of 5 cents per share over the same period last year. Net plant for that business grew by more than $1 billion, up 32 percent from March 2016. We made significant progress on our efforts to exit the competitive generation business, including completing the sale of four competitive power plants sooner than we had anticipated. We also reached agreements to simplify the ownership of two additional competitive plants. We expect to complete the strategic review for all of our remaining competitive generation assets this year," Akins said. "Overall, we are pleased with our performance in the quarter, despite the impact of the warm winter weather. Higher energy prices are driving increased drilling activity in Texas, Oklahoma and Louisiana, and we are seeing some economic improvement in several of our eastern states," Akins said. Management reaffirmed its 2017 operating earnings guidance range of $3.55 to $3.75 per share. Operating earnings could differ from GAAP earnings for matters such as impairments, divestitures or changes in accounting principles. AEP management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods. Therefore, AEP is not able to provide a corresponding GAAP equivalent for earnings guidance. Reflecting special items recorded through the first quarter, the estimated earnings per share on a GAAP basis would be $3.79 to $3.99 per share. See the table below for a full reconciliation of 2017 earnings guidance. American Electric Power's quarterly discussion with financial analysts and investors will be broadcast live over the internet at 9 a.m. EDT today at http://www.aep.com/webcasts. The webcast will include audio of the discussion and visuals of charts and graphics referred to by AEP management. The charts and graphics will be available for download at http://www.aep.com/webcasts. American Electric Power is one of the largest electric utilities in the United States, delivering electricity and custom energy solutions to nearly 5.4 million customers in 11 states. AEP owns the nation's largest electricity transmission system, a more than 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP also operates 224,000 miles of distribution lines. AEP ranks among the nation's largest generators of electricity, owning approximately 26,000 megawatts of generating capacity in the U.S. AEP supplies 3,200 megawatts of renewable energy to customers. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio. AEP's earnings are prepared in accordance with accounting principles generally accepted in the United States and represent the company's earnings as reported to the Securities and Exchange Commission. The company's operating earnings, a non-GAAP measure representing GAAP earnings excluding special items as described in the news release and charts, provide another representation for investors to evaluate the performance of the company's ongoing business activities. AEP uses operating earnings as the primary performance measurement when communicating with analysts and investors regarding its earnings outlook and results. The company uses operating earnings data internally to measure performance against budget and to report to AEP's Board of Directors and also as an input in determining performance-based compensation under the company's employee incentive compensation plans. This report made by American Electric Power and its Registrant Subsidiaries contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although AEP and each of its Registrant Subsidiaries believe that their expectations are based on reasonable assumptions, any such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are: economic growth or contraction within and changes in market demand and demographic patterns in AEP service territories; inflationary or deflationary interest rate trends; volatility in the financial markets, particularly developments affecting the availability or cost of capital to finance new capital projects and refinance existing debt; the availability and cost of funds to finance working capital and capital needs, particularly during periods when the time lag between incurring costs and recovery is long and the costs are material; electric load and customer growth; weather conditions, including storms and drought conditions, and AEP's ability to recover significant storm restoration costs; the cost of fuel and its transportation and the creditworthiness and performance of fuel suppliers and transporters and the cost of storing and disposing of used fuel, including coal ash and spent nuclear fuel; availability of necessary generating capacity and the performance of AEP's generating plants; AEP's ability to recover fuel and other energy costs through regulated or competitive electric rates; AEP's ability to build transmission lines and facilities (including the ability to obtain any necessary regulatory approvals and permits) when needed at acceptable prices and terms and to recover those costs; new legislation, litigation and government regulation, including oversight of nuclear generation, energy commodity trading and new or heightened requirements for reduced emissions of sulfur, nitrogen, mercury, carbon, soot or particulate matter and other substances that could impact the continued operation, cost recovery, and/or profitability of AEP's generation plants and related assets; evolving public perception of the risks associated with fuels used before, during and after the generation of electricity, including nuclear fuel; a reduction in the federal statutory tax rate that could result in an accelerated return of deferred federal income taxes to customers; timing and resolution of pending and future rate cases, negotiations and other regulatory decisions, including rate or other recovery of new investments in generation, distribution and transmission service and environmental compliance; resolution of litigation; AEP's ability to constrain operation and maintenance costs; AEP's ability to develop and execute a strategy based on a view regarding prices of electricity and gas; prices and demand for power generated and sold at wholesale; changes in technology, particularly with respect to energy storage and new, developing, alternative or distributed sources of generation; AEP's ability to recover through rates any remaining unrecovered investment in generating units that may be retired before the end of their previously projected useful lives; volatility and changes in markets for capacity and electricity, coal, and other energy-related commodities, particularly changes in the price of natural gas; changes in utility regulation and the allocation of costs within regional transmission organizations, including ERCOT, PJM and SPP; AEP's ability to successfully and profitably manage competitive generation assets, including the evaluation and execution of strategic alternatives for these assets as some of the alternatives could result in a loss; changes in the creditworthiness of the counterparties with whom AEP has contractual arrangements, including participants in the energy trading market; actions of rating agencies, including changes in the ratings of AEP debt; the impact of volatility in the capital markets on the value of the investments held by AEP's pension, other postretirement benefit plans, captive insurance entity and nuclear decommissioning trust and the impact of such volatility on future funding requirements; accounting pronouncements periodically issued by accounting standard-setting bodies; and other risks and unforeseen events, including wars, the effects of terrorism (including increased security costs), embargoes, cyber security threats and other catastrophic events. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aep-reports-2017-first-quarter-earnings-performance-on-track-despite-mild-weather-for-the-quarter-300446966.html


Patent
American Electric Power and Battelle | Date: 2015-09-30

A method of evaluating an optimization system is disclosed. The system is transitioned from an on state to an off state. Data is collected at time intervals for a time period before and after the system is transitioned from the on state to the off state. The transitioning occurs while a load of a particular type is active. In one embodiment, the optimization system is a Volt/VAR Optimization (VVO) system.

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