You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Column: OPEC swamps crude-oil prices
    Crude-oil prices collapsed to a four-year low on Thanksgiving Day, dropping as low as $67.75 per barrel after the Organization of the Petroleum Exporting Countries decided to leave production targets unchanged at its most recent meeting.
  • Who's in charge of Black Friday?
    What about those store managers in charge of making sure merchandise is on the shelves? The Journal Gazette spent some time with a Meijer store director on Friday to get a glimpse into his Black Friday.
  • Oil plunge a panacea for crude-reliant Asia
    A renewed plunge in oil prices is a worrying sign of weakness in the global economy that could shake governments dependent on oil revenues. It is also a panacea as pump prices fall, giving individuals more disposable income and lowering costs for
Advertisement

AEP shareholders get report

American Electric Power told investors the company is on firm financial footing even as it moves to diversify its coal energy sources.

The Columbus, Ohio-based utility hosted its annual shareholders meeting Tuesday at the Grand Wayne Center in Fort Wayne. About 50 investors and company employees attended the half-hour session.

President and CEO Nick Akins presided over the meeting and touted the company as one of the largest electric utilities in the nation, delivering electricity to more than 5.3 million customers in 11 states. AEP has an electricity transmission network that covers more than 40,000 miles – the largest in the nation.

Akins said the company continues to prepare for the shutdown of the Tanners Creek Plant in Lawrenceburg, Ind. Akins has said the decision to retire the coal facility by mid-2015 was partly triggered by environmental compliance costs.

AEP recorded more than $15 billion in revenue last year.

For more on this story, see Wednesday’s print edition of The Journal Gazette or return to www.journalgazette.net after 3 a.m. Wednesday.

pwyche@jg.net

Advertisement