American Electric Power Co. Inc. filed an automatic shelf registration statement for the potential sale of an unspecified amount of securities from time to time.
The Dec. 14 filing covers the sale of common stock, par value $6.50 per share; junior subordinated debentures; senior notes; stock purchase contracts; and stock purchase units.
The company plans to use net proceeds from any sale of securities for general corporate purposes, including redeeming or repurchasing outstanding debt, replenishing working capital and financing its subsidiaries' ongoing construction and maintenance programs. Pending such use, AEP may temporarily invest the proceeds in short-term, interest-bearing obligations.
As of Dec. 12, the company has no short-term debt outstanding.