U.S. power companies face supply-chain crisis this summer [Financial Post (Toronto, Ontario, Canada)]
American Electric Power Company, Inc. (AEP)
Last american electric power company, inc. earnings: 2/20 06:57 am
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Source: Financial Post
Extreme weather events such as storms, wildfires and drought are becoming more common in the United States. Consumer power use is expected to hit all-time highs this summer, which could strain electric grids at a time when federal agencies are warning the weather could pose reliability issues. Utilities are warning of supply constraints for equipment, which could hamper efforts to restore power during outages. They are also having a tougher time rebuilding natural gas stockpiles for next winter as power generators burn record amounts of gas following the shutdown of dozens of coal plants in recent years and extreme drought cuts hydropower supplies in many Western states. “Increasingly frequent cold snaps, heat waves, drought and major storms continue to challenge the ability of our nation’s electric infrastructure to deliver reliable affordable energy to consumers,” Richard Glick, chairman of the U.S. Federal Energy Regulatory Commission (FERC), said earlier this month. Federal ag
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AEP
News
- American Electric Power Company, Inc. (NASDAQ: AEP) had its price target raised by analysts at Barclays PLC from $83.00 to $84.00. They now have an "equal weight" rating on the stock.MarketBeat
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AEP
Earnings
- 2/26/24 - Miss
AEP
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- AEP's page on the SEC website