Freda:
Thus, American Electric is focused on different areas in order to improve its financial performance and capture more of the end market going forward.
Myrtice:
More importantly, American Electric is growing its energy portfolio to include renewable energy as well that comprises of wind, hydroelectric, solar, biomass and biodiesel while focused on lowering its carbon emissions.
Karren:
As a result of these investments, American Electric seems well-positioned for long-term growth since it is strategically distributing its capital and equity investments across its power generation portfolio.
Katrina:
American Electric has also announced regulated generation investment, regulated distribution investment, and regulated transmission investment of $2.7 billion, $3.6 billion, and $4.8 billion, respectively.
Cassidy:
Its capital spending projection for the period 2015 to 2017 includes overall non-GAAP capital and equity contributions of $4.4 billion, $3.8 billion, and $3.9 billion for 2015, 2016, and 2017, respectively.
Tricia:
Moreover, American Electric has lined up aggressive investments for the future.
Shoshana:
However, expansion of the oil and gas industry was negatively impacted by the weak oil prices, still other industrial segments in its service area are gaining from reduced fuel costs.
Hannelore:
Moreover, American Electric is witnessing notable industrial load growth in its shale gas counties, with 14% year-over-year growth.
Raquel:
This planned diversification is believed to provide solid top line growth for the company.
Easter:
Looking ahead, American Electric seems to be highly focused on diversifying its power generation base including power generated through coal or lignite, natural gas, hydro, wind, solar and pumped storage.
American Electric Power Company (NYSE:AEP)
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