American Electric Power

American Electric Power Company, Inc.

AEP Building, its headquarters in Columbus, Ohio.
Company type	Public
Traded as	Nasdaq: AEP DJUA component Nasdaq-100 component S&P 500 component
Industry	Electric utilities
Predecessor	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 American 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]