AEP raises 2001 earnings target on first quarter results

HOUSTON, Apr. 24, 2001 — American Electric Power Co. Inc. executives Tuesday said they were raising the annual earnings target 10&cent/share to $3.50-$3.60/share based on a 89% increase in 2001 first quarter earnings, compared to the same period last year.

MCADAMS, Miss., April 24, 2001 — TECO Energy’s TECO Power Services subsidiary broke ground today on a 599-megawatt independent power project in McAdams, Mississippi.

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