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Stock impact report

U.S. power companies face supply-chain crisis this summer [Reuters]

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: Reuters
FILE PHOTO: A local resident walks by the power grid towers at Bair Island State Marine Park in Redwood City, California, United States, January 26, 2022. REUTERS/Carlos Barria/File Photo 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 el Show less Read more
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