Originally American Gas and Electric Company (AG&E), formed in 1906 from Electric Company of America. Became American Electric Power in 1958; merged with Central and Southwest Corporation in 2000.
Founded
1906; 118 years ago (1906)
Headquarters
AEP Building, Columbus, Ohio, U.S.
Area served
AEP Ohio: Ohio
AEP Texas: Texas
Appalachian Power: Tennessee, Virginia, West Virginia
Indiana Michigan Power: Indiana, Michigan
Kentucky Power: Kentucky
PSO: Oklahoma
SWEPCO: Arkansas, Louisiana, Texas
Key people
Ben Fowke (chairman, president & interim CEO)
Products
Electricity generation
Electric power transmission
Electricity distribution
Revenue
US$19.0 billion (2023)
Operating income
US$3.56 billion (2023)
Net income
US$2.21 billion (2023)
Total assets
US$96.7 billion (2023)
Total equity
US$25.3 billion (2023)
Number of employees
17,250 (2023)
Website
aep.com
Footnotes / references [1]
American Electric Power Company, Inc. (AEP), (railcar reporting mark: AEPX) is an America] domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.[2]
American Electric Power Company is one of the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile (63,000 km) network that includes 765 kilovolt ultra-high voltage transmission lines, more than all other U.S. transmission systems combined.[3] AEP's transmission system directly or indirectly provides about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in the Electric Reliability Council of Texas, the transmission system that covers much of Texas.
AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia, and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio.
American Electric Power was the first utility to utilize 345 kV transmission lines which took place in 1953.
The company ranked 185th on the 2018 Fortune 500 of the largest United States corporations by revenue.[4]
^"American Electric Power Company, Inc. 2023 Annual Report". U.S. Securities and Exchange Commission. 26 February 2024.
^"American Electric Power, About Us, Operating Companies". Retrieved August 18, 2021.
^"American Electric Power, Form 8-K, Current Report, Filing Date Oct 24, 2012" (PDF). secdatabase.com. Retrieved Jan 6, 2013.
^"Fortune 500 Companies 2018". fortune.com. Archived from the original on November 10, 2018. Retrieved March 18, 2019.
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Global Information
US$19.0 billion (2023)
US$3.56 billion (2023)