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By BRUCE KAMICH Oct 27, 2020 | 08:35 AM EDT Stocks quotes in this article: AEP For his second Executive Decision segment of Mad Money Monday night, Jim Cramer spoke with Nick Akins, chairman, president and CEO of the utility American Electric Power (AEP) . Akins said that AEP continues to invest to meet the changing needs of our economy. He said power generation has always been a capital-intensive business and with the pandemic, that trend only continues. Since Covid-19 began, Akins said power demand for residential has increased as people spend more time at home, while commercial and industrial demand has plunged. As we move into 2021, Akins said he expects both of those trends to moderate and overall demand for power to increase. When asked about the upcoming election and how it affects their planning, Akins explained that their shareholders and customers expect a clean energy utility and they continue to focus on adding more renewables to their portfolio. Lets check out the charts. In this daily bar chart of AEP, below, we can see that prices broke out on the upside this month, breaking above the highs of July. Prices are trading above the rising 50-day moving average line and above the bottoming 200-day moving average line. The On-Balance-Volume (OBV) line improved from September to October but is not super strong and has not (yet) broken above its July high. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but has narrowed close to a bearish crossover. In this weekly bar chart of AEP, below, we can see the upside breakout as prices trade above the declining 40-week moving average line. The weekly OBV line only shows modest strength from late August. The weekly MACD oscillator is crossing the zero line now for a buy signal. In this daily Point and Figure chart of AEP, below, we can see the upside breakout and that prices have met and exceeded an $87 price target. In this weekly Point and Figure chart of AEP, below, we can see a longer-term price target in the $124 area. Bottom line strategy: Traders could approach AEP from the long side on a shallow dip risking a close below $86. The $125 area is our tentative price target. Get an email alert each time I write an article for Real Money. Click the +Follow next to my byline to this article. Employees of TheStreet are prohibited from trading individual securities. Following Jerome Powells tough talk on inflation -- and a predictable rate hike -- selloff ensues. Seasoned traders who understand risk could nibble on the long side of ALDX. Radio-frequency chip maker Qorvo Inc. is set to report after the bell, so lets check the charts. Heres what we anticipate next. A firearms manufacturer, a maker of non-lethal weapons and an ammo producer stand to do well in the coming year. Real Moneys message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the sites moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here. Looking to make a single payment? Skip login or registration and pay as a guest *Convenience fee will apply Now accepting Pay as guest Utility company in Tucson, ArizonaTucson Electric PowerTypeSubsidiaryArea servedsouthern ArizonaParentFortisWebsitetep.comTucson Electric Power (TEP) is an electric utility company serving southern Arizona in the United States. It is a subsidiary of Fortis, which announced its acquisition of parent company UNS Energy in 2013.1Kino Veterans Memorial Stadium, a baseball stadium on Tucsons south side, was once named Tucson Electric Park for TEP.HistoryAccording to historian David Leighton, of the Arizona Daily Star newspaper, around 1882, Royal A. Johnson started a light plant in Tucson in order replace Tucsons oil lamps with electric lights. His new idea received little support and his plant went belly-up after a couple years.Frank E. Red Russell, an employee of the Western Union Telegraph Co., in Tucson, on occasion did repairs on the Arctic Ice Works, an ice plant that was also owned by Johnson. He learned of the failed light plant a few years earlier. This association with Johnson sparked an interest in lighting Tucson.In 1892, Russell was one of a group of individuals that came together to form the Tucson Electric Light & Power Co. which was located at 116–120 N. Church Street (now Church Ave). Russell was named the first manager-operator of this new firm and was paid $40 a month. Four years later the company purchased the Tucson Gas Company and by 1901 it was known as the Tucson Gas, Electric Light and Power Co. In January 1902, J.J. Henry purchased the utility. A month later, he sold it to U.S. Light and Traction Company.2In 1904, the generating facilities for the Tucson Gas, Electric Light and Power Co. were relocated to West Sixth Street, across from the Russell family home at 306 W. Sixth St. This new site would later serve as Tucson Electric Power Co.s headquarters, from 1967 to 1999.By 1907, Tucson Gas, Electric Light and Power Co. came under common ownership with Tucson Rapid Transit.3 In 1910, United States Light and Traction was acquired by the newly formed Federal Light and Traction.4In 1930, control of Federal Light and Traction was acquired by Cities Service.5 After the passage of the Public Utility Holding Company Act of 1935, Federal Light and TractionCities Service was forced to sell most of their operations. Tucson Rapid Transit was sold to W. Culver White, John B. Tigrett, A.V. Lindseth and L.A. Tanner.6 Tucson Gas & Electric was sold in a public offering.In 1979, the gas operations were sold to Southwest Gas and the company was renamed Tucson Electric Power.In 1998, TEP created a new holding company, UniSource Energy. TEP became a subsidiaryIn 2016, Tucson Electric Power publicly announced a community partnership with a leading US Circular Economy apparel manufacturer with the intention to purchase its blue employee volunteer shirts from Fed By Threads, a Tucson-based company.12Note: The new Tucson Electric Power headquarters at 88 E. Broadway sits on land that was part of the ground that Russell as a Tucson City Councilman and others obtained back in 1899.7Rooftop solar ratesFor customers with rooftop solar panels who have a system to store excess energy, TEP proposed new rates with the Arizona Corporation Commission in 2018. The commissioners could incorporate an order made by an administrative law judge in April 2018 which recommended a special rate for solar customers who have home battery storage systems.8References^ Canadian Utility Buys UNS Energy of Arizona for $2.5 Billion^ http:-contentupLoadslibrary_Tucson-Electric-Power-Company.pdfbare URL PDF^ Browns Directory of American Gas Companies ...: Statistics of Gas Companies in the United States and Canada, ... 1907. p. 270 – via Google Books.^ ELECTRIC CONCERNS MERGE.; Eleven Properties in Six Western States Consolidate. The New York Times. 1910-06-10. ISSN 0362-4331. Retrieved 2021-11-21.^ CITIES SERVICE GETS FEDERAL LIGHT CO.; Control of $54,000,000 Concern Is Obtained by $1,000,000,000 Doherty Firm.22 SUBSIDIARIES INVOLVED Operate in Missouri, New Mexico, Colorado, Arkansas, Washington and New Brunswick. The New York Times. 1930-03-13. ISSN 0362-4331. Retrieved 2021-11-21.^ http:-contentupLoadslibrary_Tucson-Electric-Power-Company.pdfbare URL PDF^ David Leighton, Street Smarts: Meet the man who helped light up Tucson, Arizona Daily Star, June 29, 2015^ Gheorghiu, Iulia (2018-08-22). Tucson Electric proceeding lays groundwork for customer solar+storage rate. Utility Dive. Retrieved 2018-08-30.External linksTucson Electric Power official siteRetrieved from https:en.wikipedia.orgwindex.php?title=Tucson_Electric_Power&oldid=

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