American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, natural gas, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.

American Electric Power Company, Inc.

AEP Economic & Business Development

Kentucky Power

AEP Energy

Appalachian Power

Indiana Michigan Power

AEP Ohio

Southwestern Electric Power Company (SWEPCO)

Public Service Company of Oklahoma

At American Electric Power, we provide more than electricity to our millions of customers – we energize possibilities. We’re redefining the future of energy by reducing our carbon footprint, empowering the communities we serve and developing the workforce for the future. All while delivering the reliable and affordable service our customers expect.

We remain committed to a clean energy future and are shifting to a more balanced generation mix. We’ve cut our carbon dioxide emissions significantly since 2000 and continue to expand our renewable energy sources, while encouraging electrification to lessen our environmental footprint. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and is working to achieve net zero by 2045.

AEP owns and operates the largest transmission system in the country, and our distribution networks provide power to homes and businesses in 11 states. We continue to invest billions in our infrastructure to deploy cutting edge technologies that support the clean energy transition and enhance service for our customers.

Our employees power everything we do, which is why we’re focused on hiring and retaining top talent, reimagining the future of work and offering competitive pay and benefits. Diversity, equity and inclusion are cornerstones of our company culture, and we continually seek out new skills and perspectives that spark innovation.

We strive to do more than keep the lights on – AEP is passionate about being a force for good in the communities where we live and work. Our commitment to building stronger, more vibrant communities extends beyond volunteerism and philanthropy. AEP’s focus on economic development in our service territory helps deliver more jobs, tax revenue and opportunity.

Together with our customers and communities, we’re building a new, brighter future.

Greensmith Energy Management Systems

ChargePoint

GRIP Program

Blackstone Group

Caisse de Depot et Placement du Quebec

Invenergy

American Electric Power

Today we welcome Ben Fowke as interim CEO and president of American Electric Power. Ben has served on AEP’s Board since 2022 and was previously the CEO of Xcel Energy. His experience as an industry leader will help guide our team as we continue to invest in a modern and reliable grid and transform our generation fleet.

“Together, we will continue enhancing our regulatory relationships and unlocking shareholder value by driving the company’s strategic priorities forward and delivering safe, reliable and affordable energy to our customers,” Fowke said. 


STUDENT ENGINEERS, have you considered interning with us? Dulcemaria Tlahuel began as a high school intern in 2018, and now works part-time while pursuing her bachelor’s degree in electrical engineering.

“It has helped me immensely to learn the theory in the classroom and be able to see it being applied and used in the real world.”

She’s found a positive work environment here has helped her grow and learn. 

“AEP has a magnificent work environment; in everything they do, they put safety first. When you go out into the substations, you are in close proximity to dangerous equipment, and it gives me peace of mind to know that AEP and the people around me take safety seriously and care about my well-being in all aspects.

“I get to interact with people from all walks of life who bring new perspectives and value to the table while also putting into practice everything I learned in my classes. The technical work challenges me to understand complex problems, and it allows me to expand my knowledge.” 
See our internships ➡️https://lnkd.in/gyfMHk8c 
#EWeek2024 #CareersInEnergy #Engineers


Black & Gold Week celebrations continue! Our friends at Columbus Crew stopped by for a pop-up shop and gave employees the opportunity to take a photo with the 2023 MLS Cup trophy and mascots Crew Cat and S.C. #Crew96

This Engineers Week, we’re celebrating our engineers, and all the ways their curiosity and creativity help us power the future. #EWeek2024 #CareersInEnergy #Engineers #AEPcareers

As we continue to celebrate #BlackHistoryMonth, we reflect on the event our Black Employee Resource Group hosted last month in honor of the life of Dr. Martin Luther King Jr.
Kevin Boyce, panel member and Founder and Vice Chairman for Adelphi Bank, encourages us to look inward and be our own drivers of change.

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	15.36B -	17.02B 10.83%	16.45B 3.33%	16.38B 0.44%	15.42B 5.83%	16.20B 5.00%	15.56B 3.92%	14.92B 4.13%	16.79B 12.56%	19.64B 16.96%	18.98B 3.35%
cost of revenue	6.74B -	7.72B 14.56%	7.43B 3.70%	6.97B 6.26%	6.45B 7.39%	7.03B 9.00%	6.32B 10.15%	5.38B 14.87%	6.59B 22.45%	8.35B 26.70%	6.58B 21.19%
gross profit	8.62B -	9.30B 7.91%	9.02B 3.02%	9.41B 4.35%	8.97B 4.68%	9.16B 2.12%	9.24B 0.87%	9.54B 3.21%	10.20B 6.98%	11.29B 10.67%	12.40B 9.85%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses							120M -	119M 0.83%	118.60M 0.34%	188.50M 58.94%
research and development expenses
other expenses	5.54B -	6.07B 9.59%	5.69B 6.31%	5.94B 4.41%	5.54B 6.68%	124.50M 97.75%	6.49B 5,115.02%	6.55B 0.89%	6.78B 3.52%	7.51B 10.81%	284.50M 96.21%
cost and expenses	12.28B -	13.79B 12.32%	13.12B 4.85%	12.91B 1.63%	11.99B 7.06%	13.44B 12.08%	12.81B 4.68%	11.93B 6.88%	13.37B 12.06%	15.86B 18.64%	15.43B 2.74%
operating expenses	5.54B -	6.07B 9.59%	5.69B 6.31%	5.94B 4.41%	5.54B 6.68%	6.41B 15.66%	6.49B 1.31%	6.55B 0.89%	6.78B 3.52%	7.51B 10.81%	8.85B 17.76%
interest expense	906M -	885M 2.32%	873.90M 1.25%	877.20M 0.38%	895M 2.03%	984.40M 9.99%	1.07B 8.95%	1.17B 8.69%	1.20B 2.87%	1.40B 16.43%	-1.81B 229.42%
ebitda	5.01B -	5.31B 5.96%	5.50B 3.47%	5.58B 1.56%	5.57B 0.15%	5.29B 5.09%	5.64B 6.53%	6.07B 7.72%	6.63B 9.21%	7.26B 9.58%	3.49B 51.93%
operating income	2.85B -	3.23B 13.20%	3.33B 3.14%	1.21B 63.79%	3.57B 195.79%	2.68B 24.86%	2.59B 3.37%	2.99B 15.25%	3.41B 14.18%	3.48B 2.09%	3.56B 2.11%
depreciation and amortization	1.87B -	2.07B 10.62%	2.15B 3.94%	2.09B 2.96%	2.13B 1.69%	2.40B 12.89%	3.04B 26.77%	3.08B 1.30%	3.22B 4.39%	3.78B 17.51%	3.09B 18.28%
total other income expenses net	-123M -	136M 210.57%	155.40M 14.26%	-2.14B 1,476.06%	264M 112.35%	193M 26.89%	-757.50M 492.49%	-841.60M 11.10%	-899.40M 6.87%	-1.06B 18.11%	-1.35B 26.85%
income before tax	2.11B -	2.49B 18.01%	2.62B 5.34%	475.60M 81.87%	2.82B 492.14%	1.97B 29.92%	1.83B 7.03%	2.15B 16.97%	2.51B 17.04%	2.42B 3.64%	2.21B 8.75%
income tax expense	684M -	942M 37.72%	919.60M 2.38%	-73.70M 108.01%	969.70M 1,415.74%	115.30M 88.11%	-12.90M 111.19%	40.50M 413.95%	115.50M 185.19%	5.40M 95.32%	54.60M 911.11%
net income	1.48B -	1.63B 10.41%	2.05B 25.28%	610.90M 70.16%	1.91B 213.08%	1.92B 0.59%	1.92B 0.14%	2.20B 14.52%	2.49B 13.09%	2.31B 7.27%	2.21B 4.30%
weighted average shs out	486.62M -	488.59M 0.41%	490.34M 0.36%	491.50M 0.24%	491.81M 0.06%	492.77M 0.20%	493.69M 0.19%	495.72M 0.41%	500.52M 0.97%	511.84M 2.26%	518.90M 1.38%
weighted average shs out dil	487.04M -	488.90M 0.38%	490.57M 0.34%	491.66M 0.22%	492.61M 0.19%	493.76M 0.23%	495.31M 0.31%	497.23M 0.39%	501.78M 0.92%	513.48M 2.33%	520.21M 1.31%
eps	3.04 -	3.34 9.87%	4.17 24.85%	1.24 70.26%	3.89 213.71%	3.90 0.26%	3.89 0.26%	4.44 14.14%	4.97 11.94%	4.51 9.26%	4.26 5.54%
epsdiluted	3.04 -	3.34 9.87%	4.17 24.85%	1.24 70.26%	3.88 212.90%	3.90 0.52%	3.88 0.51%	4.42 13.92%	4.96 12.22%	4.49 9.48%	4.24 5.57%

COM:AEP

American Electric Power Company, Inc.

Last Close

95.84

26/07 20:00

Market Cap

46.52B

Beta: -

Volume Today

2.25M

Avg: -

Preview