AEP Energy Reports Higher Competitive Retail Energy Margins
May 6, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
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AEP, in reporting earnings for the first quarter of 2020, said that its competitive retail segment (AEP Energy) saw higher retail margins versus the year-ago quarter
Overall, the Retail, Trading and Marketing segment increased gross margin by $3.9 million, versus the year-ago period, due to, "higher retail margins partially offset by lower trading and marketing activity," AEP said
In terms of operating earnings, Retail specifically contributed an improvement of $0.02 per share (about $10 million) versus the year-ago period.