Full-Time
Confirmed live in the last 24 hours
$61.6k - $77.1kAnnually
Mid, Senior
Lynchburg, VA, USA
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Company Size
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Company Stage
IPO
Total Funding
$27M
Headquarters
Columbus, Ohio
Founded
1906
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FORT WAYNE, Ind., Feb. 19, 2025 /PRNewswire/ -- Indiana Michigan Power (I&M), an American Electric Power (Nasdaq: AEP) company, has received the Indiana Utility Regulatory Commission's (IURC) recent order regarding its large load tariff settlement filed in late 2024. The term "large load" refers to customers who require a substantial amount of energy to operate and maintain their operations, primarily including data centers and large industrial customers.The joint settlement with the Indiana Office of Utility Consumer Counselor (OUCC), Amazon Web Services (AWS), Microsoft, Google, the Data Center Coalition (DCC) and the Citizens Action Coalition (CAC) reinforces I&M's commitment to providing reliable and affordable service for all customers and allows for the company to pursue opportunities that support the continued economic growth of the communities it serves.The IURC order approved the terms of the joint settlement, with one modification, and requires new large load customers, including data centers, to make long-term financial commitments proportional to their size. This will ensure the costs to serve these large load customers are reasonably recovered from them, and not passed on to existing customers. These investments will also support ongoing grid modernization for the benefit of all customers with enhanced reliability.The modification to the settlement agreement in the approved order states that any reduction of more than 20% of a large load customer's contracted peak capacity, that is mutually agreed upon between I&M and the large load customer, must be submitted to the IURC for its review and approval before becoming effective. This modification allows for increased transparency and Commission oversight of any significant changes to a large load customer's commitment and any associated impacts of such changes."I&M is committed to providing all customers with the best service possible, while doing our part to help grow the communities they call home," said Steve Baker, I&M president and chief operating officer
Kramer was hired in 2018 as the Vice President and Chief Digital Officer for American Electric Power.
ABC Arbitrage SA makes new $1.65 million Investment in American Electric Power Company, Inc. (NASDAQ:AEP).
COLUMBUS, Ohio, Jan. 21, 2025 /PRNewswire/ -- The Board of Directors of American Electric Power (Nasdaq: AEP) has declared a regular quarterly cash dividend of 93 cents per share on the company's common stock.The dividend is payable March 10, 2025, to shareholders of record as of Feb. 10, 2025, and is the company's 459th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.About AEPOur team at American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We are investing $54 billion from 2025 through 2029 to enhance service for customers and support the growing energy needs of our communities. Our nearly 16,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 225,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states
Indiana Michigan Power Rockport Plant site identified as potential location for a Small Modular ReactorFollowing positive community discussions, Appalachian Power submits grant application to support permitting process at Joshua Falls siteCOLUMBUS, Ohio, Jan. 17, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) is seeking grants from the U.S. Department of Energy (USDOE) to support the Early Site Permit (ESP) process for two potential Small Modular Reactor (SMR) sites. Through its Indiana Michigan Power (I&M) operating company, AEP is announcing that property at the Rockport Plant in Spencer County, Indiana, has been identified as a potential SMR site. Previously AEP, through its Appalachian Power operating company, had announced it was beginning the ESP process for company-owned Joshua Falls property in Campbell County, Virginia.Through a grant funding partnership with the Tennessee Valley Authority (TVA) and GE Hitachi Nuclear Energy (GEH), I&M is seeking $50 million to begin the early stages of SMR development at the Rockport Plant site. If awarded funds, I&M will conduct ESP activities, as well as a Preliminary Safety Analysis Report, which is required for a potential future Construction Permit, at the site utilizing the GEH BWRX-300 technology