The pandemic is changing power consumption. Here’s what that means for AEP

When the coronavirus pandemic hit, American Electric Power Company Inc. saw its business change, and fast.

AEP CEO Nick Akins told analysts on an earnings call Wednesday the Columbus-based utility is quickly adapting as the pandemic upends its predictions for the year. AEP saw revenue drop to $3.7 billion in the first quarter of 2020 from $4.1 billion that time last year, with earnings down to $494 million from $573 million that time last year. The relatively mild winter meant a drop in energy…

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