American Electric Power Co Inc - Company Profile

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American Electric Power Co Inc: Overview

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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. It 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.

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Headquarters United States of America

Address 1 Riverside Plz, Columbus, Ohio, 43215-2355


Telephone 1 614 7161000

No of Employees 17,250

Industry Power

Ticker Symbol & Exchange AEP (NASD)

Revenue (2022) $19.0B -3.3% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ -4.3% (2022 vs 2021)

Market Cap* $48.8B

Net Profit Margin (2022) XYZ -1.0% (2022 vs 2021)

* As of and is in US$
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American Electric Power Co Inc premium industry data and analytics

250+

Transmission & Distribution

Access detailed information on all line and substation projects and T&D infrastructure with American Electric Power Co Inc.

150+

Tenders & Contracts

Detailed insights into open, awarded and pre-solicited tenders and contracts for American Electric Power Co Inc.

13+

Energy Storage Projects

Understand the energy storage landscape for American Electric Power Co Inc, drawing on intelligence spanning electrochemical, electromechanical, thermal and hydrogen storage.

3

IT Services Contracts

Improve competitive bidding with insights into all publicly disclosed IT services contracts for American Electric Power Co Inc (including IT outsourcing, business process outsourcing, systems integration & consulting and more).

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on American Electric Power Co Inc’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Electricity; Electricity Transmission and Distribution;
Marketing and Risk Management;
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Contracts/Agreements In February, the company selected Ribbon’s IP and optical products as solutions to support its infrastructure.
2023 Contracts/Agreements In December, the company and PNM Resources entered into an agreement to sell their renewable energy joint venture, New Mexico Renewable Development, to Exus North America for US$230 million.
2023 Asset Disposal In August, the company completed the sale of its 1,365-megawatt unregulated, contracted renewables portfolio to IRG Acquisition Holdings.
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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 17,250 27,037 16,800 23,700 10
Entity Type Public Public Public Private Public
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Executives
Name Position Board Since Age
Sara Martinez Tucker Chairman Executive Board 2024 68
Lisa M. Barton Executive Vice President - AEP Transmission; Chief Operating Officer Executive Board 2021 57
Benjamin G.S. Fowke, III Chief Executive Officer - Interim; Director; President - Interim Executive Board 2024 -
Charles E. Zebula Chief Financial Officer; Executive Vice President Senior Management 2023 63
Kate Sturgess Chief Accounting Officer; Senior Vice President; Controller Senior Management 2023 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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