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American Electric Power Co., Inc. Message Board

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  • A break of $54.12 could move the stock price up to $63.22 in short term. Technical strong buy at stoxline website.

  • Reply to

    Watch for breakout

    by rpsgmed May 27, 2014 10:42 AM

    This stock is a longterm Buy......all the way to the bank....Longterm divy payout...she deserves a much higher premium.

  • Reply to

    AEP is like a freight train!

    by slicky007oilslick May 7, 2014 8:58 PM

    this company is been kiss by the devil and it is a freight train!!?????
    down the hill just wait and watch and do not get roll over
    target price $30ich-

    Sentiment: Strong Sell

  • The Obama admistration will propose a two-tiered regulation limiting U.S. carbon emissions from power plants while giving states broad leeway in how to achieve the cuts, according to people familiar with the proposal.

    http://www.bloomberg.com/news/2014-05-30/obama-said-to-issue-sweeping-two-tiered-rule-on-emissions.html

  • The City of Coleman, Texas, signed a contract in February 2006 with AEP. This contract is holding this small central Texas city hostage on extremely high electrical rates which are not competitive in the market, and furthermore, has been and is continuing to be very damaging to being able to develop new business opportunities for this struggling city and causing existing businesses to fail.
    Also, families of Coleman are leaving this small struggling city due to the high electrical rates. This contract should have never been executed. It’s a death sentence for this small struggling city.
    The current rate, which is locked in for years to come, is listed in the contract portion of the document that is public, at a rate as follows:
    $18.52/KW/Mo
    I have tried on numerous occasions to contact the original signature of AEP executive, Mr. Greg B. Hall, with no response to my request. I have also contacted Mr. Brian X. Tierney, Executive VP and CFO for AEP and thus far, no response. I have also called Mr. Nicholas K. Akins, Chairman and CEO, on two occasions, and his phone goes un-answered at his corporate office.
    Seriously, I question what is going on with a company that signs such and outrageous agreement with a struggling central Texas city, with no regard for its future growth and sustainability in the business community. I’m outraged that my calls have gone unanswered and furthermore, it angers me that these executives are ignoring my calls concerning this matter. What is being hidden here to the public?
    I feel there is a substantial need for outside investigation as to how this contract was conceived in the first place. Why is there such secrecy about this contract? This is a large publically traded utility company (AEP) which has signed an egregious agreement with a very small struggling central Texas city. Is there someone of several folks that received a financial incentive to sign such an engagement? Something is rotten here and I intend to get to the bottom of it.
    I will hold those involved accountable! I need some answers as I will continue digging for this information. This information needs to be public, not private. AEP needs to cough up the details, and at a minimum, re-negotiate the rates for the City of Coleman, Texas to be competitive, or release the contract for another utility to take over its requirements and operations immediately before further harm results from such non-competitive rates.
    A more alarming question to the executives of AEP is “How many other cities likewise to Coleman, Texas are you holding hostage? I this part of your business strategy to increase your profits and the expense of small struggling cities across the US?”
    Bottom-line, Coleman is dying due to this contract. I am gathering signatures on a petition to force the release of this information. Cooperation from AEP would be most helpful. I will keep this message board posted with my results and findings.
    Michael Lagow, concerned citizen for the City of Coleman, Texas.

    Sentiment: Strong Sell

  • Why did the city sign the contract?

  • Sounds terrible. Question I have is why did the city fathers sign the contract?

  • PEG, is making some noise ! $$$$$$$$$$ ! GREEN BABY GREEN ..........

    Sentiment: Strong Buy

  • From what I understand, the City fathers were not well informed as to the mechanics of the proposal. Typical of a small struggling city. This contract should have never been signed in the first place. The contract also forced the demolition of the only existing power plant that the City of Coleman had in its possession. Therefore, once the contract was in place in 1996 and the demolition of the existing power plant was completed, Coleman had no choice but to be locked and loaded with AEP. AEP set it up this way to force Coleman into a long-term contract at outrageous rates, with no regard for continued economic development. This contract is causing Coleman its future. This little town is dying as it can not attract new business due to these outrageous rates. They have lost numerous families and businesses. I will keep digging for information on this deal. There is something rotten in the way this deal was put together. Someone, or some company, must have received a heavy incentive for allowing this deal to be consummated. Its criminal in my opinion! How many other small cities are being affected likewise to the Coleman contract? Does AEP operate their business this way for their own gain at the expense of small townships like Coleman? This has to be stopped!!! AEP needs to stand up and be accountable and realize what their outrageous, non-competitive rates are doing to a small city! They are killing this city month-by-month!!! Despicable!!!!

  • From what I understand, the City fathers were not well informed as to the mechanics of the proposal. And now that such a laps of time has expired, these City fathers are long gone, and a new management team is in place dealing with the aftermath of a BAD deal. This is typical of a small struggling city. In my opinion, this smells like someone got paid off for this deal. This contract should have never been signed in the first place. The contract also forced the demolition of the only existing power plant that the City of Coleman had in its possession. Therefore, once the contract was in place in 1996 and the demolition of the existing power plant was completed, Coleman had no choice but to be locked and loaded with AEP. AEP set it up this way to force Coleman into a long-term contract at outrageous rates, with no regard for continued economic development. This contract is causing Coleman its future. This little town is dying as it can not attract new business due to these outrageous rates. They have lost numerous families and businesses. I will keep digging for information on this deal. There is something rotten in the way this deal was put together. Someone, or some company, must have received a heavy incentive for allowing this deal to be consummated. Its criminal in my opinion! How many other small cities are being affected likewise to the Coleman contract? Does AEP operate their business this way for their own gain at the expense of small townships like Coleman? This has to be stopped!!! AEP needs to stand up and be accountable and realize what their outrageous, non-competitive rates are doing to a small city! They are killing this city month-by-month!!! Despicable!!!!

    . .

    accurateinaccuracy • 12 hours ago

  • As a resident of Coleman County and a property owner within the City of Coleman, I am well aware of the ongoing problems faced by ALL the residents of Coleman. When it no longer became feasible for the City of Coleman to produce and provide their own electricity (yes, the city owned their own light plant and had always produced its own electricity), the council did the right thing in "shopping around". However, their advisor and "friend" was AEP. While I knew, personally, that no one should ever commit to a 10 year plan, many thought a firm number on an unknown energy problem was better than nothing. The ever changing energy price could have gone up as well as go down, but not knowing anything about electricity costs, the city fathers bought from their friends and, literally in my opinion, got screwed! Several groups and individuals have tried to approach AEP with solutions. Some might have been successful, but there is another contract and, as gossip goes, no one knows what it says because it has a signed confidentiality agreement. Who does that to their taxpayers? Regardless of all the FOI requests, the city refuses to share that particular contract with the taxpayers of the city. It makes you wonder what is really in that "secret" contract....let's just hope the contract has NOT been extended.

    Yes, the ongoing utility costs are damaging to any business new or old. Yes, people have moved and businesses have closed. If you can just pay your utility bill AND keep your doors open, you are a successful business in Coleman! The whole situation is costing our small rural community from growing and/or thriving. Certainly property owners have to choose: Do I upgrade and/or improve my property or do I pay my electric bill? I am sure we all know the answer to that question! Therefore, the city has an abundance of dilapidated and neglected property where owners have just moved on.

    While we all hope something improves, morale continues at its lowest!

  • spammer, go to your own website to spam all you what.....at least change the wording, maybe go back to get a GED

    Sentiment: Buy

  • As of the close of business on Monday, June 2nd, 2014, after repeated calls to Mr. Akins' office, Mr. Tierney's office, Mr. Jones' office, Mr. Hall's office, and the list goes on... no response! Why are these executives ignoring such a critical call? How many other cites likewise to Coleman, Texas are being held hostage with exorbitant electrical rates? How many other cities likewise to Coleman are there... with contracts that lock these small townships and cities into 10 years or more, of rates that are two and three times over the current standard rates across the US. In my opinion, someone got paid off along the way! What is really going on with these types of contracts within AEP. Why are these contracts under a "non-disclosure" so that the general public and taxpayers are not able to see the details of these contracts? What is being hidden here from the general public and taxpayers in these small cities?

    I suggest a third party investigation to uncover the details. There are recorded details of several concerned citizens and businesses that have tried to access the details of these contracts and they are protected by "so called non-disclosure agreements"!!! I will continue shining a public light on AEP until we can come to an agreement to either address these concerns and re-negotiate a competitive program going forth for Coleman, Texas, or I will lead an initiative to force the issue through our state government officials, which I have a direct path to. One way or another, AEP will need to come clean with the taxpayers and concerned citizens of Coleman, Texas. I find it most disturbing that AEP's corporate officials choose to ignore my countless calls. Signs of wrong doing in my opinion!

    How many struggling cities are they affecting in this manner? I am begging AEP to come forth on this matter. So far, they simply choose to ignore my calls. While I am waiting for return calls from AEP, I will continue to keep this Message Board informed.

    Sentiment: Strong Sell

  • In June of 2011, I asked the city of Coleman to give me a copy of the 2007 AEP contract. They refused and I petitioned the attorney general’s office. On September 27 of that year, the office of the Attorney General of Texas ordered the city to send me a copy of the contract.
    During ensuing months, as the contract became the focal point of political campaigns for mayor and city council, it was revealed that an amendment might have been made in 2010. In reply to both my request and the request of one other citizen, the city denied that such an amendment existed; so, again, petitions to the A/G were filed.
    This time, on July 17 of 2013, the A/G’s office denied my petition. In so doing, it not only denied access to the amendment: it also denied access to the 2007 contract itself, the very contract it had earlier ordered the city to provide to me. It’s a wonder they didn’t ask me to return it.
    It’s AEP's position that information in their contract with the city would, if it became public knowledge, harm their ability to negotiate competitively with other cities. I have a tough time believing that any AEP negotiation would hinge on information contained in a contract with a town the size of Coleman!
    The ineptness of past city administrations, obduracy of AEP and ambivalent rulings of the A/G’s office would be fodder for comedy had not their impacts been so disastrous. But Coleman’s citizens are forced to pay increasingly outrageous rates for electricity and our main street is blighted by deteriorating buildings abandoned by businesses that couldn’t afford to continue to operate. And the chances of attracting new businesses to replace the lost ones is little to zilch.
    Thank you for taking the initiative in a matter that has seemed, to this point, insoluble. If you can convince AEP to come out of the shadows that it’s in their best interest to look at the Coleman contract with a fresh set of eyeballs … there may be some hope for our little town.

    Sentiment: Strong Sell

  • In June of 2011, I asked the city of Coleman to give me a copy of the 2007 AEP contract. They refused and I petitioned the attorney general’s office. On September 27 of that year, the office of the Attorney General of Texas ordered the city to send me a copy of the contract.
    During ensuing months, as the contract became the focal point of political campaigns for mayor and city council, it was revealed that an amendment might have been made in 2010. In reply to both my request and the request of one other citizen, the city denied that such an amendment existed; so, again, petitions to the A/G were filed.
    This time, on July 17 of 2013, the A/G’s office denied my petition. In so doing, it not only denied access to the amendment: it also denied access to the 2007 contract itself, the very contract it had earlier ordered the city to provide to me. It’s a wonder they didn’t ask me to return it.
    It’s AEP's position that information in their contract with the city would, if it became public knowledge, harm their ability to negotiate competitively with other cities. I have a tough time believing that any AEP negotiation would hinge on information contained in a contract with a town the size of Coleman!
    The ineptness of past city administrations, obduracy of AEP and ambivalent rulings of the A/G’s office would be fodder for comedy had not their impacts been so disastrous. But Coleman’s citizens are forced to pay increasingly outrageous rates for electricity and our main street is blighted by deteriorating buildings abandoned by businesses that couldn’t afford to continue to operate. And the chances of attracting new businesses to replace the lost ones is little to zilch.
    Thank you for taking the initiative in a matter that has seemed, to this point, insoluble. If you can convince AEP to come out of the shadows that it’s in their best interest to look at the Coleman contract with a fresh set of eyeballs … there may be some hope for our little town.

    Reposted by RML

    Sentiment: Strong Sell

  • I became Mayor of Coleman in May, 2013 -- upon the premise that "transparency" would be the new paradigm of my administration. When I requested the newest contract with AEP from the city, I was told that I had to sign a confidentially agreement in order to see the 2012 contract that had been negotiated by the previous mayor, city manager, city attorney and an "outside the city" person. I did sign the confidentially agreement, so now the only thing the citizens of Coleman have as a reference about the AEP contract is the 2007 contract, which was released under an open records request. After spending many of the city's dollars on lawyers, we are still in the same condition --- with high rates that are hidden from the citizens of Coleman who pay all of the fees, rates and taxes in Coleman. Because my hands are tied with obeying the agreement I signed, I am appealing to the citizens of Coleman to take this avenue and voice their opinion in this manner through the PR group that has agreed to help.

    Sentiment: Strong Sell

  • You would have to ask the 2007 City Council about the original contract and for the 2012 contract you would ask the previous Mayor, current City Manager, current City Attorney and the OCP (a 4B board member) about that. I urge you to do that! When the 2007 contract was signed I would not have signed anything longer than 5 years and at this current time (considering the climate of the business world) I would not sign anything longer than a 1-yr. contract!

    Sentiment: Strong Sell

  • According to past statements, any monies the city collects from inflated basic fees go to payment of congestion charges; but they’re loathe to let us see how much those congestion charges cost or how they’re calculated.

    AEP says the nondisclosure clause protects their ability to negotiate contracts with other cities: apparently, they’re afraid of being forced to bankruptcy if everybody knew what a good deal they’ve given the city of Coleman. Coleman, on the other hand, is apparently afraid that if they let their citizens know what a good deal they got, AEP’ll sue them ... all the while they’re moaning about excessive congestion charges. Sounds like a deal to me!

    The city manager is Paul Catoe. He was hired June 30 of 2011 and was in place when the last re-negotiation took place; but not when that allegedly-nonexistent 2010 amendment was negotiated. The city manager in 2010 was Larry Weiss.

    It seems to me that if AEP could be made to see that they’re perhaps unfairly being blamed for the predicament of Coleman, they might wise up and concede the confidentiality clause to prove they’re not responsible.

    Whatever else may have happened, a whole lot of #$%$-covering has taken place since 2007.

    Sentiment: Strong Sell

  • Not a promotion.....that's a damn lie, your PROMOTING your "weekly" on EVERY companies message board, your nothing more then a damn spammer who hits each and every message board, this is nothing short of abuse on YOUR part, your nothing short of a low life. Not even man enough to reply

    Sentiment: Buy

  • To the concerned citizens of Coleman and to our honorable Mayor... I did receive a call finally from Brian X. Tierney, Executive Vice President and CFO of AEP. His assistant told me on two occasions this morning on two separate phones calls to contact him that he was on travel. When I mentioned to her that things were escalating on the city of Coleman matter, and I suggested that I receive a return call quickly as we were launching a social media campaign on AEP, all the sudden, I received a return call from Mr. Tierney. I had been calling for days with no results. Mr. Tierney apologized for his delay in returning my calls as he had been on travel and in meetings. Once we got down to business of the contract, he was not able to deliver much information due to the non-disclosure agreement in place. He did request that I inquire with the City Manager of Coleman and the State of Texas Attorney General's office. I expressed to him that other concerned citizens of Coleman had requested this information before and were turned down. Then I read Nancy Emmert's post!!! What does the City Manager, Mr. Catoe, and Mr. Tierney know, that we as concerned citizens DO NOT know? Mr. Tierney has agreed to discuss with our new Mayor, Kay Joffrion, which also posted above. I am Michael Lagow, DEUXIGN PR GROUP, Dallas, Texas, and we will host a call with the Mayor of Coleman and concerned citizens to Mr. Tierney to get to the bottom of the issues regarding the 2012 contract that no one seems to be able to obtain a copy of. More to follow.....

    Sentiment: Strong Sell

AEP
52.54-0.26(-0.49%)Aug 22 4:01 PMEDT

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