American Electric Power Co Inc - Company Profile
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American Electric Power Co Inc (AEP) is an energy holding utility. The company generates, transmits, and distributes electricity. It produces power using coal, lignite, natural gas, wind, solar, nuclear, and hydro sources. AEP builds smarter energy infrastructure and delivers new technologies and custom energy solutions. The company also has interests in various power plants under development. The company serves residential, commercial, industrial, and other retail customers, and wholesale customers in Arkansas, Louisiana, Texas, Oklahoma, Ohio, Kentucky, Michigan, Indiana, Tennessee, Virginia, and West Virginia. It also owns, develops, and operates large wind and solar projects throughout the US. AEP is headquartered in Columbus, Ohio, the US.
Headquarters
United States of America
Address
1 Riverside Plaza, Columbus, Ohio, 43215
Website
www.aep.com
Telephone
1 614 7161000
No of Employees
17,581
Industry
Power
Ticker Symbol & Exchange
AEP (NASD)
Revenue (2024)
$21.9B
10.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
20.7%
(2024 vs 2023)
Market Cap*
$68.3B
Net Profit Margin (2024)
XYZ
8.7%
(2024 vs 2023)
* As of and is in US$
American Electric Power Co Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Operation and Maintenance |
| Electricity Transmission and Distribution | |
| Wholesale Energy Supply: | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company's operating companies sign ratepayer protection pledge. |
| 2026 | Contracts/Agreements | In July, the company's subsidiary AEP Texas entered into an agreement for a loan of up to $3.26 billion from the US Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF). |
| 2026 | Others | In June, the company receives support from the US Department of Energy grants for upgrades to Mitchell Plant in West Virginia and Flint Creek Plant in Arkansas. |
Competitor Comparison
| Key Parameters | American Electric Power Co Inc | Duke Energy Corp | NextEra Energy Inc | Berkshire Hathaway Energy Co | PG&E Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Columbus | Charlotte | Juno Beach | Des Moines | Oakland |
| State/Province | Ohio | North Carolina | Florida | Iowa | California |
| No. of Employees | 17,581 | 26,441 | 17,400 | 23,800 | 10 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| William J. Fehrman | President; Chairman; Chief Executive Officer | Executive Board | 2025 | 65 |
| Trevor I. Mihalik | Chief Financial Officer; Executive Vice President | Executive Board | 2025 | 59 |
| Kate Dixon | Chief Accounting Officer; Controller; Senior Vice President | Senior Management | - | - |
| Kelly J. Ferneau | Executive Vice President; Chief Nuclear Officer | Senior Management | 2024 | 57 |
| Johannes Eckert | Executive Vice President; Chief Information and Technology Officer | Senior Management | 2025 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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