Nicholas Akins on earnings growth
From American Electric Power CEO: Electric vehicles | Mad Money | CNBC · · CNBC Television
“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.”
On , Nicholas Akins, Former Chairman, President & Chief Executive Officer at American Electric Power, spoke about earnings growth during American Electric Power CEO: Electric vehicles | Mad Money | CNBC on CNBC Television.
About Nicholas Akins
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