Company

American Electric Power Company, Inc.

Headquarters: Columbus, OH, United States

Founded: 1906

Employees: 16,688

CEO: Mr. Nicholas K. Akins

show_chart NASDAQ: AEP +1.96%

Market Cap

$50.95 Billion

USD as of April 1, 2022

history Market Cap History

Company Description

American Electric Power, also known by the acronym AEP, is an electric utility company. Tracing its origins to 1906, AEP now operates in power generation primarily with coal-fueled power plants, but also with natural gas and nuclear plants, and wind, hydro, pumped storage, and other sources. It is also involved in power transmission and delivery through local subsidiaries in Ohio, Texas, Tennessee, West Virginia, Indiana, Michigan, Kentucky, Oklahoma, Arkansas, and Louisiana.

American Electric Power Company, Inc. market capitalization over time

Evolution of American Electric Power Company, Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of American Electric Power Company, Inc.

Detailed Description

American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, natural gas, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.

Wikipedia Introduction

American Electric Power (AEP), (railcar reporting mark: AEPX) is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states. AEP ranks among 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. AEP's transmission system directly or indirectly serves 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.

Source: Wikipedia, retrieved on March 31, 2022, 8:41 p.m.

Stocks & Indices

American Electric Power Company, Inc. has the following listings and related stock indices.


Stock: NASDAQ: AEP

Stock: FSX: AEP

Product & Services

Electricity generationElectric power transmissionElectricity distribution

Key People

Nick Akins (CEO)

Financials

Revenue: US$8.879 Billion (Fiscal Year Ended 31 December 2020)

Operating income: US$1.507 Billion (Fiscal Year Ended 31 December 2020)

Net income: US$1.064 Billion (Fiscal Year Ended 31 December 2020)


Total assets: US$80.757 Billion (Fiscal Year Ended 31 December 2020)

Total equity: US$20.774 Billion (Fiscal Year Ended 31 December 2020)

Details

Headquarters:

1 Riverside Plaza

Columbus, OH 43215-2373

United States

Phone: 614-716-1000