COLUMBUS, Ohio, July 23 /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 Sept. 10, 2008, to shareholders of record as of
Aug. 8, 2008, and is the company's 393rd 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.
SOURCE American Electric Power
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Related links:
http://www.aep.com
http://www.prnewswire.com/comp/042050.html /
CONTACT:
Media: Pat D. Hemlepp, Director, Corporate
Media Relations, +1-614-716-1620; Analysts: Julie Sherwood,
Director, Investor Relations, +1-614-716-2663, both of American
Electric Power
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