AEP Benefits from Cold Winter, Reaffirms 2015 Guidance
SUGAR LAND--April 27, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--The last two winters have been good for American Electric Power (NYSE:AEP) (AEP) (Columbus, Ohio). The utility, which delivers power to more than 5.3 million customers in 11 states, reported first-quarter 2015 earnings of $629 million, up 12% from $560 million in the same quarter of 2014. Chief Executive Officer Nicholas Akins said AEP benefitted from both the 2015 winter season, which was the second-coldest in its service territory in the last 35 years, and the 2014 winter season, the coldest in 35 years. Industrial Info is tracking 56 AEP-related projects with a combined worth of $1.38 billion.
Within this article: First quarter earnings results for American Electric Power, with details on ongoing projects.
Other companies featured: Babcock & Wilcox (NYSE:BWC)
