AEP Optimistic About 2017 as it Diversifies from Coal-Fired Power

SUGAR LAND--April 28, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--American Electric Power Company (NYSE:AEP) (AEP) (Columbus, Ohio) executives championed the company's regulated businesses in first-quarter 2017, where they believe stronger investments, particularly in transmission, will help AEP navigate an increasingly difficult terrain for coal-fired power. Higher energy prices and improving economic conditions in some parts of the eastern U.S. were unable to offset the effects of mild weather decreased residential sales at AEP. Industrial Info is tracking more than $2.4 billion in active projects involving AEP.

Within this article: Details on some of AEP's most highly valued active projects, including a pair of coal-to-gas retrofits, new transmission activity, and proposed and ongoing closures at coal-fired power plants.

Companies featured: Babcock & Wilcox (NYSE:BW), General Electric (NYSE:GE), Amec Foster Wheeler (NYSE:AFW)