American Electric Power Company AEP · USD
Utilities · Electric Utilities · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
128.33
+1.42%
Close of 9 Nov 2026, in USD
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About American Electric Power Company
From its filings with the US Securities and Exchange Commission
American Electric Power Company is based in Columbus, Ohio and is incorporated in New York. Its shares trade on Nasdaq under the ticker AEP. It is a member of the S&P 500 and Nasdaq-100. The SEC classifies its business as electric services. In the fiscal year to 31 December 2025, it reported revenue of $21.88bn and net income of $3.70bn. At that date it held total assets of $114.46bn and shareholders' equity of $31.14bn.
AEP was incorporated under the laws of the State of New York in 1906 and reorganized in 1925. It is a public utility holding company that directly owns all of the outstanding common stock of the public utility subsidiaries identified below.
The service areas of AEP’s public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Transmission networks are interconnected with extensive distribution facilities in the territories served. The public utility subsidiaries of AEP have traditionally provided electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. Restructuring laws in Michigan, Ohio and the ERCOT area of Texas have caused AEP public utility subsidiaries in those states to unbundle previously integrated regulated rates for their retail customers.
The member companies of AEP have contractual, financial and other business relationships with the other member companies, such as participation in AEP savings and retirement plans and tax returns, sales of electricity and transportation and handling of fuel. The member companies of AEP also obtain certain accounting, administrative, information systems, engineering, financial, legal, maintenance and other services at cost from a common provider, AEPSC.
Quoted from its 10-K, filed 12 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Electric Utilities
- Listed since
- 1 Sept 1949
- Employees
- 17,581
- Website
- aep.com ↗
- Head office
- 1 RIVERSIDE PLAZA, COLUMBUS, OH, 43215
- Incorporated in
- NY
- Classification
- Electric Services
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. William FehrmanChairman of the Board, President, Chief Executive Officer, since 2024$13.3m
- Mr. Trevor MihalikChief Financial Officer, Executive Vice President
- Mr. Phillip UlrichChief Human Resources Officer, Executive Vice President
- Mr. Christian BeamExecutive Vice President - Senior Advisor of the Service Corporation$2.3m
- Ms. Kelly FerneauExecutive Vice President and Chief Nuclear Officer
- Mr. Q. Shane LiesExecutive Vice President - Projects and Services
- Mr. Antonio SmythExecutive Vice President - Grid Solutions
- Ms. Sara TuckerLead Independent Director$500,685
- Mr. Benjamin FowkeIndependent Director, since 2022$11.3m
- Mr. Art GarciaIndependent Director$325,685
- Mr. Hunter GaryIndependent Director$275,695
- Ms. Sandra LinIndependent Director$320,685
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 79
- Environment
- 99
- Social
- 99
- Governance
- 40
- Direct emissions (scope 1)
- 46,900,437 t
- Energy emissions (scope 2)
- 1,099,327 t
- Value chain emissions (scope 3)
- 35,410,466 t
- Women in the workforce
- 20%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- American Electric Power (AEP) is one of the largest electric utilities in the United States, serving millions of customers across eleven states. Its extensive market coverage gives the company a significant advantage.
- AEP operates a diverse range of power generation facilities, including coal, natural gas, wind, and solar. This diversified portfolio minimizes dependence on a single energy source and allows AEP to adapt to changing market conditions.
- AEP's extensive transmission and distribution network enables efficient and reliable power delivery to its customers. This infrastructure provides a competitive advantage and strengthens the company's position in the market.
Weaknesses
- AEP's reliance on coal-fired power plants raises environmental concerns due to their contribution to greenhouse gas emissions. The company needs to invest in cleaner energy solutions to align with sustainability goals and comply with stricter regulations.
- AEP operates in a highly regulated industry, and changes in regulations can significantly impact its operations, costs, and profitability. Adapting to evolving regulatory frameworks is a challenge that the company must address.
Opportunities
- AEP has the opportunity to invest in and expand its renewable energy capacities, such as wind and solar. The increasing demand for clean energy and potential government incentives create a favorable environment for growth in this sector.
- AEP can leverage technological advancements in the energy sector, such as smart grid technologies and energy storage systems, to improve operational efficiency, grid reliability, and enhance customer experience.
Threats
- AEP faces significant competition from other utility companies, independent power producers, and emerging players. This competitive landscape poses challenges in maintaining market share and pricing power.
- Economic factors like fluctuating energy prices, interest rates, and overall market conditions can impact AEP's financial performance and investment decisions. The company should closely monitor economic trends to mitigate potential risks.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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