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American Electric 

“Market Cap $24.58 B As of May 2014

At a Glance

  • Industry: Electric Utilities
  • Founded: 1985
  • Country: United States
  • CEO: Nicholas Akins
  • Website: www.aep.com
  • Employees: 18,521
  • Sales: $15.27 B
  • Headquarters: Columbus, Ohio

Forbes Lists

#341 Global 2000

  • #621 in Sales
  • #451 in Profit
  • #423 in Assets
  • #451 in Market value
Profile

American Electric Power Co., Inc. engages in the business of generation, transmission and distribution of electricity. It operates through following segments: Utility Operations, Transmission Operations, AEP River Operations, and Generation and Marketing. The Utility Operations segment generates electricity for sale to U.S. retail and wholesale customers. It engages in transmission and distribution of electricity through assets owned and operated by its utility operating companies. The Transmission Operations segment involves in the development, construction and operation of transmission facilities through investments in its wholly-owned transmission subsidiaries and transmission joint ventures. The AEP River Operations segment transports coal and dry bulk commodities primarily on the Ohio, Illinois and lower Mississippi rivers. The Generation and Marketing segment consists of nonutility generating assets, a wholesale energy trading and marketing business and a retail supply and energy management business. American Electric Power was founded on December 20, 1906 and is headquartered in Columbus, OH.

History of AEP

The American Gas and Electric Company was incorporated Dec. 20, 1906. The company was formed from a utility holding company, Electric Company of America, which was organized in 1899. The company acquired its first utility properties Jan. 2, 1907. These properties provided electric service, gas, water, steam, transit, or ice service in communities in New Jersey, New York, Pennsylvania, West Virginia, Ohio, Indiana, and Illinois. The company became American Electric Power in 1958 and merged with Central and Southwest Corporation in 2000.”

*Information from Forbes.com and Aep.com

**Video published on YouTube by “AEPtv