American Electric Power Declares Quarterly Dividend on Common Stock
COLUMBUS, Ohio, Jan. 28 /PRNewswire-FirstCall/ -- The Board of Directors
of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly
cash dividend of 41 cents a share on the company's common stock.
The dividend is payable March 10, 2009, to shareholders of record as of
Feb. 10, 2009, and is the company's 395th consecutive quarterly common stock
cash dividend. AEP has paid a cash dividend on its common stock every quarter
since July 1910.
American Electric Power is one of the largest electric utilities in the
United States, delivering electricity to more than 5 million customers in 11
states. AEP ranks among the nation's largest generators of electricity, owning
nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the
nation's largest electricity transmission system, a nearly 39,000-mile network
that includes more 765-kilovolt extra-high voltage transmission lines than all
other U.S. transmission systems combined. AEP's transmission system directly
or indirectly serves about 10 percent of the electricity demand in the Eastern
Interconnection, the interconnected transmission system that covers 38 eastern
and central U.S. states and eastern Canada, and approximately 11 percent of
the electricity demand in ERCOT, the transmission system that covers much of
Texas. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power
(in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana
Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and
Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas).
AEP's headquarters are in Columbus, Ohio.
