American Electric Power (AEP) DRIP

DRIP Plan Highlights
Enrollment
Initial Purchase			$250
Purchases
Minimum purchase			$25
Maximum purchase			$150,000
Fees
Account Setup Fee			$10
Automatic investment Fee			$0
Optional Cash Purchase			$0
Sale Fee			$5
Sale Processing Fee			$0.12 per share
Company Web Site			http://www.aep.com/
Additional Plan Information			Agent Site

AEP DRIP Details:
With no optional purchase or reinvestment fees, this is a DRIP plan to consider. However, the $10 initial setup fee makes this holding vehicle less active espically if you will not be using a dollar cost average technique with your investment. Take a look at low cost brokerage accounts such as Sharebuilder make sure your are using the lowest cost holding vehicle for you investment plans.
Pros:
No optional purchase fees, no reinvestment fees
Cons:
$10 Account setup fee