Former Chairman, President & Chief Executive Officer, American Electric Power
Search every verified Nicholas Akins interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a September 2018 interview, Akins discussed American Electric Power's response to Hurricane Florence, comparing it to past storms such as Sandy and Harvey. He said the industry had made progress since Sandy by establishing regional response networks, deploying technology to track employees and contractors, and coordinating with government agencies including the Department of Energy and FEMA. He noted that Florence's flooding presented challenges similar to Harvey, and that some customers could be without power for weeks due to the need for water to recede before restoration. In a May 2019 interview, Akins reiterated the company's target of five to seven percent earnings growth, supported by a capital forecast extended to 2021. He described the cancelled Windcatcher project as a disappointment but said the company would focus on smaller renewable investments and transmission projects that carry less risk for investors. Akins also characterized electric vehicles as a growth channel for the utility industry and announced plans to build charging stations in Ohio. He contrasted the risk profile of large central-station
“The investment plan that our company has will continue to grow. We're at five to seven percent growth rate. Our capital forecast, matter of fact, this last quarter we extended the capital forecast to 2021 to really show the markets that we were intent on that five to seven percent growth rate.”
“We were getting out ahead of our resource plans. We file individual resource plans in all the jurisdictions in eleven jurisdictions that we serve. This was a unique opportunity to get out ahead in many of those aspects, but the risk parameters around this project became such that we had to really quantify those risks....”
“We see it as a further channel growth sales channel growth for the utility industry. When you look at electric vehicles, which we announced today, charging stations to be built around the Ohio area, that's a major effort on our part to ensure that the infrastructure is there to support electric vehicles. We sell the el...”
Nick Akins, American Electric Power chairman and CEO, joins 'Squawk Box' to discuss how Hurricane Florence compares to other storms and restoration efforts.
Jim Cramer sits down with American Electric Power CEO Nick Akins to find out if it’s time to plug into a utility player like American Electric Power, even with so many unknowns in this market. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC » Watch more Mad Money here: http://bit.ly/WatchMadMoney » Read more about American Electric Power here: https://cnb.cx/2Pk5YuC "Mad Money" takes viewers inside the mind of one of Wall Street's most respected and successful money managers. Jim Cramer is your personal guide through the confusing jungle of Wall Street investing, navigating through both opp…
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