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Stock impact report

AEP Affiliates Selected to Complete Approximately $1.7 Billion of Transmission Investments in PJM Region [Yahoo! Finance]

American Electric Power Company, Inc. (AEP) 
Last american electric power company, inc. earnings: 2/20 06:57 am Check Earnings Report
US:NYSE Investor Relations: aep.com/investors
Company Research Source: Yahoo! Finance
COLUMBUS, Ohio Feb. 27 /PRNewswire/ -- American Electric Power (Nasdaq: AEP), and its competitive transmission affiliate Transource Energy, LLC (Transource Energy) will invest approximately $1.7 billion in transmission system upgrades to improve reliability and increase power availability in states throughout the PJM footprint including Indiana Maryland Ohio Virginia , and West Virginia . The companies' proposals were selected by the PJM Board to address forecasted conditions that would create reliability concerns. "Energy demand is growing at a pace our nation has not seen in decades. Building or upgrading our infrastructure to continue delivering reliable power is essential to fueling economic growth and meeting the needs of our customers," said Bill Fehrman , AEP president and chief executive officer. "Our experience building the largest transmission system in North America made us an ideal candidate to help address the needs that PJM identified during their planning process. Ou Show less Read more
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