American Electric Power (AEP) – Company Information

American Electric Power (AEP) is an electric power company headquartered in Columbus, Ohio.

AEP is one of America’s leading generators of power, with the nation’s largest electricity transmission system, approximately 37,600 megawatts of generating capacity.

The company serves over 5.3 million customers across 11 states.

The subsidiaries of AEP have a total of 18,529 employees.

Its main business segments include:

Regulated utility operations: its service territory covers 197,500 square miles in Indiana, Arkansas, Louisiana, Kentucky, Ohio, Tennessee, Oklahoma, West Virginia, Texas, Michigan, and Virginia.

Transmission: supplying about 10 percent of Eastern Interconnection demand, the transmission system serves 38 US states and eastern Canada.

Power generation: operates more than 60 generating stations in the US.

River operations: one of the largest inland river barge companies in the US – transporting more than 65 million tons annually. AEP’s fleet includes 70 towboats, over 2,700 cargo barges, and twenty 10,000 barrel tank barges.

AEP energy partners: providing electric supply to customers in deregulated electricity market.


American Electric Power logo

  • President and CEO: Nick K. Akins
  • Industry: Electric utilities
  • Type: Public company
  • Listed on New York Stock Exchange (NYSE)
  • NYSE stock symbol: AEP
  • S&P 500 Component
  • Formed: 1906
  • Net revenues: $17.020 billion USD (2014)
  • Net income: $1,638 million USD (2014)
  • Earnings per share: $3.34 USD (2014)
  • Company address: 1 Riverside Plaza 28th Floor Columbus, Ohio
  • Employees: 18,529 (2014)
  • Website:
  • Investor relations number: 614-716-2819

American Electric Power (AEP) Financial Results, Years Ended December 31

Revenues (in $ millions)20142013
Vertically integrated utilities$9,397$9,347
Transmission and distribution utilities$4,553$4,279
Generation & marketing$2,384$1,208
Other revenues$686$523
– Total revenues$17,020$15,357
Expenses (in $ millions)
Fuel and other consumables used for electric generation$4,272$4,068
Purchased electricity for resale$2,086$1,491
Other operation$3,225$2,904
Asset impairments and other related charges$   –$226
Depreciation and amortization$1,929$1,743
Taxes other than income taxes$915$891
– Total expenses$13,788$12,502
Income Data (in $ millions)
Operating income$3,232$2,855
Income before income taxes and equity earnings$2,490$2,110
Income tax expense$942$684
Net income$1,638$1,484
Net income attributable to AEP$1,634$1,480
Balance sheet data (in $ millions)
Total assets$59,633$56,414
Long-term debt$16,181$16,828
Total liabilities$42,809$40,328
Total stockholders’ equity$16,820$16,085
Common share data (in $)
Basic earnings (loss) per common share$3.34$3.04
Diluted earnings (loss) per common share$3.34$3.04
Cash flow data (in $ millions)
Net cash provided by operating activities$4,613$4,106
Net cash used in investing activities$(4,406)$(3,818)
Net cash used in financing activities$(162)$(449)
Cash and cash equivalents at beginning of year$118$279
Cash and cash equivalents at end of year$163$118

Source: “American Electric Power (AEP) Form 10-K 2014”