American Electric Power Co Inc
(NYSE: AEP)
44.79
-1.11
-2.42%
-1.11
-2.42%
MORE ON AEP
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | American Electric Power Co Inc |
| Industry: | Utilities - Regulated Electric |
| Employees: | 18,513 |
DESCRIPTION
| 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 owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company's public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The generating and transmission facilities of AEP's public utility subsidiaries are interconnected and their operations are coordinated. 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 legislation in Michigan, Ohio, Texas and Virginia has caused AEP public utility subsidiaries in those states to unbundle previously integrated regulated rates for their retail customers. The public utility subsidiaries of AEP are: APCo engaged in the generation, transmission and distribution of electric power to approximately 960,000 retail customers in the southwestern portion of Virginia and southern West Virginia; I&M engaged in the generation, transmission and distribution of electric power to approximately 584,000 retail customers in northern and eastern Indiana and southwestern Michigan; KPCo engaged in the generation, transmission and distribution of electric power to approximately 173,000 retail customers in an area in eastern Kentucky; KGPCo provides electric service to approximately 47,000 retail customers in Kingsport and eight neighboring communities in northeastern Tennessee. OPCo engaged in the generation, transmission and distribution of electric power to approximately 1,460,000 retail customers in the northwestern, east central, eastern and southern parts of Ohio; PSO engaged in the generation, transmission and distribution of electric power to approximately 535,000 retail customers in eastern and southwestern Oklahoma; SWEPCo engaged in the generation, transmission and distribution of electric power to approximately 524,000 retail customers in northeastern Texas, northwestern Louisiana and western Arkansas; TCC engaged in the generation, transmission and sale of power to affiliated and non-affiliated entities and the distribution of electric power to approximately 799,000 retail customers through REPs in southern Texas; TNC engaged in the generation, transmission and sale of power to affiliated and non-affiliated entities and the distribution of electric power to approximately 187,000 retail customers through REPs in west and central Texas; WPCo provides electric service to approximately 41,000 retail customers in northern West Virginia. AEGCo is an electric generating company. AEGCo sells power at wholesale to OPCo, I&M and KPCo. AEP also owns a service company subsidiary, AEPSC, which provides accounting, administrative, information systems, engineering, financial, legal, maintenance and other services at cost to the AEP System companies. AEP’s subsidiaries are currently subject to regulation by federal, state and local authorities with regard to air and water-quality control and other environmental matters, and are subject to zoning and other regulation by local authorities. |
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
RECENT QUOTES
WATCHLIST
You're not signed in
You’re not signed in to MSN Money, so you’re seeing the Watchlist that is tied to your computer. For a more consistent Watchlist experience, sign in to MSN Money.
Learn more
Sponsored by:
MARKET UPDATE
[BRIEFING.COM] Equities ended on their lows with the S&P 500 down 1.4%. The S&P entered today's session with a week-to-date gain of 1.5% as investors expected reassuring words from today's Federal Open Market Committee Statement. Stocks traded with s
...
More
MORE MARKET NEWS
Sponsored by: