What does American Electric Power own?

AEP owns regulated electric utilities serving 5.6 million customers in 11 states, including AEP Ohio, AEP Texas, Appalachian Power, Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and SWEPCO, plus the nation's largest transmission network and a generation fleet spanning gas, nuclear, coal, and renewables.

Is American Electric Power publicly traded?

Yes. AEP trades on the Nasdaq under ticker AEP and is an S&P 500 component. It has been publicly held for more than a century, having operated as a holding company since its 1906 formation.

Who founded American Electric Power?

AEP was formed in 1906 in New York as the American Gas and Electric Company, a utility holding company assembled through acquisitions of regional power companies rather than founded by a single entrepreneur. It took the American Electric Power name as it consolidated electric operations.

Where is American Electric Power headquartered?

AEP is headquartered in Columbus, Ohio, where it moved in 1980 after decades in New York. Its operating utilities maintain their own headquarters across its 11-state territory.

How many brands does American Electric Power own?

AEP operates through approximately seven regional utility brands, AEP Ohio, AEP Texas, Appalachian Power, Indiana Michigan Power, Kentucky Power, PSO, and SWEPCO, plus the AEP masterbrand and AEP Energy for competitive retail markets.

Who owns American Electric Power?

AEP is publicly owned, with shares distributed among institutional investors and index funds led by Vanguard, BlackRock, and State Street. No single investor controls the company.

What were AEP's 2025 results?

For 2025 AEP reported revenue of $21.876 billion, GAAP earnings of $3.58 billion or $6.70 per share, and operating earnings of $3.19 billion or $5.97 per share. It guided 2026 operating EPS of $6.15 to $6.45 and reaffirmed a 7 to 9 percent long-term growth rate.

AEP was formed in 1906 in New York as the American Gas and Electric Company, a holding company assembled to consolidate small gas and electric utilities. It reorganized as a pure electric utility holding company, took the American Electric Power name, and spent the early twentieth century acquiring regional operating companies across the Midwest and South, including what became Appalachian Power, Ohio Power, and Indiana Michigan Power.

The company became a central figure in the development of the integrated transmission grid, building much of the extra-high-voltage 765-kV network in the mid-twentieth century that still forms its backbone. It moved its headquarters to Columbus, Ohio, in 1980.

AEP operated for most of its history as a vertically integrated coal-heavy utility, at one point the largest coal consumer in the Western Hemisphere. The 2000s and 2010s brought restructuring under industry deregulation, divestiture of competitive generation in some states, and a gradual pivot toward regulated wires and contracted renewables. In the 2010s and 2020s it executed a systematic coal retirement program while expanding its transmission business through the AEP Transmission Holding Company, which builds and owns transmission assets under FERC-regulated returns.

Leadership transitioned from Nicholas Akins, CEO through 2021, to Julie Sloat and then Bill Fehrman, a veteran of Berkshire Hathaway Energy who took the top role in 2024. Under Fehrman the company leaned into transmission-led growth as data center demand reshaped load forecasts across its 11-state footprint.

2025 was a record year: revenue of $21.876 billion, up from $19.7 billion, with GAAP earnings of $6.70 per share and operating earnings of $5.97 per share, plus a reaffirmed long-term growth rate of 7 to 9 percent and 2026 operating EPS guidance of $6.15 to $6.45.

AEP publishes an annual corporate sustainability report detailing its coal retirement schedule, emissions reduction targets, and renewable energy additions. The company has retired the majority of its historical coal fleet and operates under state-level clean energy mandates and its own decarbonization commitments, including net-zero aspirations for its operations.

Its environmental posture is transitional: it remains a significant fossil generator while its investment mix shifts to transmission, renewables, and grid infrastructure. Community programs run through the AEP Foundation focus on education, hunger, and housing in its service territories.

AEP's controversies are the regulated utility industry's. Its Ohio subsidiary was drawn into the fallout of Ohio's House Bill 6 nuclear bailout scandal, the largest corruption case in state history, which produced the conviction of the statehouse speaker and regulatory scrutiny of FirstEnergy; AEP's exposure was secondary and it was not charged with wrongdoing.

The company faces recurring criticism from environmental groups over its remaining coal fleet and the pace of retirement, and from industrial customers over rate case filings that fund the capital plan, the routine friction of regulated utilities. No accounting scandal or fraud finding is on record as of November 2026.