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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Electric Power Company Inc | NASDAQ:AEP | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.38 | -0.43% | 87.87 | 77.40 | 89.30 | 89.28 | 87.9501 | 89.00 | 3,332,413 | 05:00:01 |
By Stephen Nakrosis
Six U.S. utilities on Tuesday said they would be working together on a plan to create a network of electric-vehicle charging stations across large parts of the country.
The six utilities - American Electric Power Co., Dominion Energy Inc., Duke Energy Corp., Entergy Corp., Southern Co. and the Tennessee Valley Authority - are members of the Electric Highway Coalition. The coalition intends to create a seamless network of charging stations connecting the Atlantic Coast to the Midwest and Central Plains regions, as well as the Gulf Coast, the group said.
"Range anxiety is a barrier to more EV adoption. This coalition can erase those obstacles and help deliver the benefits of EV ownership to consumers," said Lang Reynolds, director of electrification strategy for Duke Energy.
The group said potential sites along major highway routes are being considered, adding the planned charging stations will be equipped with fast DC chargers.
"With this effort, we are working to help drivers see that EVs fit their lifestyle and their travel plans, wherever the road might take them," said Nicholas K. Akins, AEP's chairman, president and chief executive.
"By increasing the number of EV fast charging stations across our footprint, we are providing drivers with additional transportation options that are reliable, efficient and more convenient while helping reduce carbon emissions for the benefit of our communities we serve," said Chris Cummiskey, executive vice president, chief commercial officer and customer solutions officer at Southern.
The coalition said it "welcomes interested utilities to join as it seeks to extend the reach of network."
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 02, 2021 11:53 ET (16:53 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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