AEP on Nasdaq

American Electric Power

Logo: American Electric Power, Public domain, via Wikimedia Commons⁶

United States utility company

American Electric Power Company, Inc. (AEP; railcar reporting mark: AEPX) is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states. American Electric Power Company is one of the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the United States.³ Wikipedia text CC BY-SA 4.0

$127.20 up 2.91 (2.34%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

$21.7BRevenue, fiscal 2025⁷

$3.7BNet income, fiscal 2025⁷

Aug 1927Founded¹

Compare with Constellation Energy, Edison International or NextEra Energy, or pick any stock.

TickerAEP on Nasdaq¹
Industryelectric power generation, transmission and distribution, electricity generation, public utility¹
HeadquartersColumbus¹
Websitewww.aep.com
Legal formDelaware corporation, New York Business Corporation¹
Incorporated inNY⁸
Business address1 Riverside Plaza, Columbus, Oh 43215⁸
Filer categoryLarge accelerated filer⁸
LEI1B4S6S7G0TW5EE83BO58⁴
StatusActive⁴
LEI statusIssued and current⁴
Registered addressC/O C T CORPORATION SYSTEM, 10005 New York, United States⁴
Registered withCorporation and Business Entity Database (Division of Corporations, State Records and UCC, Department of State), 20479⁴

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

24.5%Operating margin⁷

17.0%Net margin⁷

8.7%Revenue growth, 2025⁷

11.9%Return on equity⁷

1.42×Debt to equity⁷

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Residential brought in 34% of the revenue American Electric Power broke down this way in fiscal 2025.

Residential$7.8B⁷34%up 6% from 2024
Transmission and Distribution Utilities Revenues$6.1B⁷26%up 4% from 2024
Industrial$3.2B⁷14%up 2% from 2024
Marketing, Competitive Retail and Renewable$2.4B⁷10%up 21% from 2024
Wholesale Transmission$1.6B⁷7%down 0% from 2024
Wholesale Generation$1.2B⁷5%up 43% from 2024
Product and Service, Other$482.0M⁷2%up 13% from 2024
Other Retail$302.0M⁷1%up 5% from 2024

Products and services by year

Products and services	2023	2024	2025
Residential	$7.1B	$7.3B	$7.8B
Transmission and Distribution Utilities Revenues	$5.7B	$5.9B	$6.1B
Industrial	$3.4B	$3.2B	$3.2B
Marketing, Competitive Retail and Renewable	$1.8B	$2.0B	$2.4B
Wholesale Transmission	$1.5B	$1.6B	$1.6B
Wholesale Generation	$774.0M	$851.0M	$1.2B
Product and Service, Other	$429.0M	$426.0M	$482.0M
Other Retail	$294.0M	$288.0M	$302.0M

Business segments

Vertically Integrated Utilities brought in 49% of the revenue American Electric Power broke down this way in fiscal 2025.

Vertically Integrated Utilities$12.8B⁷49%up 10% from 2024
Transmission And Distribution Companies$6.1B⁷23%up 4% from 2024
Generation And Marketing$2.7B⁷10%up 20% from 2024
Transmission Operations$2.4B⁷9%up 22% from 2024
AEP Transmission Holdco$2.3B⁷9%up 15% from 2024

Business segments by year

Business segments	2023	2024	2025
Vertically Integrated Utilities	$11.5B	$11.6B	$12.8B
Transmission And Distribution Companies	$5.7B	$5.9B	$6.1B
Generation And Marketing	$2.0B	$2.2B	$2.7B
Transmission Operations	$1.7B	$2.0B	$2.4B
AEP Transmission Holdco	$1.8B	$2.0B	$2.3B

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costsProfit

Other costs82¢$17.9B
Income tax1¢$129.0M
Profit17¢$3.7B

Out of $21.7B in revenue.⁷

Where each dollar of operating cash went, fiscal 2025

Dividends paidKept or used elsewhere

Dividends paid29¢$2.0B
Kept or used elsewhere71¢$4.9B

Out of $6.9B of cash from operations.⁷

Financial statements

Revenue¹⁴¹⁵¹⁶¹⁷¹⁸⁷$21.7B in 2025+34% since 2018

Operating income¹⁴¹⁵¹⁶¹⁷¹⁸⁷$5.3B in 2025+98% since 2018

Net income¹⁴¹⁵¹⁶¹⁷¹⁸⁷$3.7B in 2025+91% since 2018

Every line of the income statement as filed: the last 3 fiscal years, latest first.⁷

Period ending	2025-12-31	2024-12-31	2023-12-31
TOTAL REVENUES	$21.9B	$19.7B	$19.0B
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation	$7.0B	$5.9B	$6.6B
Other Operation	$3.0B	$3.1B	$2.8B
Maintenance	$1.5B	$1.3B	$1.3B
Asset Impairments and Other Related Charges	$66.0M	$143.0M	$86.0M
Loss on the Sale of the Competitive Contracted Renewables Portfolio	$0	$0	$93.0M
Depreciation and Amortization	$3.4B	$3.3B	$3.1B
Taxes Other Than Income Taxes	$1.6B	$1.6B	$1.5B
TOTAL EXPENSES	$16.6B	$15.4B	$15.4B
OPERATING INCOME	$5.3B	$4.3B	$3.6B
Other Income	$48.0M	$65.0M	$64.0M
Allowance for Equity Funds Used During Construction	$245.0M	$211.0M	$175.0M
Non-Service Cost Components of Net Periodic Benefit Cost	$138.0M	$126.0M	$221.0M
Interest Expense	-$2.0B	-$1.9B	-$1.8B
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS	$3.7B	$2.8B	$2.2B
Income Tax Expense	$129.0M	-$39.0M	$55.0M
Equity Earnings of Unconsolidated Subsidiaries	$101.0M	$94.0M	$59.0M
NET INCOME	$3.7B	$3.0B	$2.2B
Net Income Attributable to Noncontrolling Interests	$116.0M	$9.0M	$5.0M
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Basic	$3.6B	$3.0B	$2.2B
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Diluted	$3.6B	$3.0B	$2.2B
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING (in shares)	534.5M shares	530.1M shares	518.9M shares
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in USD per share)	$6.70	$5.60	$4.26
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING (in shares)	537.5M shares	531.3M shares	520.2M shares
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in USD per share)	$6.66	$5.58	$4.24

Total assets¹⁴¹⁵¹⁶¹⁷¹⁸⁷$114.5B in 2025+66% since 2018

Total liabilities²²¹⁴¹⁵¹⁶¹⁷¹⁸⁷$82.2B in 2025+66% since 2018

Shareholders’ equity²²¹⁴¹⁵¹⁶¹⁷¹⁸⁷$31.1B in 2025+64% since 2018

Cash²²¹⁴¹⁵¹⁶¹⁷¹⁸⁷$197.0M in 2025−16% since 2018

Long-term debt²²¹⁵¹⁶¹⁷¹⁸⁷$44.1B in 2025+104% since 2018

Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.⁷

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and Cash Equivalents	$197.0M	$203.0M
Other Temporary Investments	$220.0M	$215.0M
Customers	$1.2B	$1.1B
Accrued Unbilled Revenues	$421.0M	$367.0M
Pledged Accounts Receivable AEP Credit	$1.3B	$1.2B
Miscellaneous	$60.0M	$64.0M
Allowance for Credit Losses	-$52.0M	-$61.0M
Total Accounts Receivable	$2.9B	$2.6B
Fuel	$576.0M	$749.0M
Materials and Supplies	$1.0B	$966.0M
Risk Management Assets	$352.0M	$210.0M
Accrued Tax Benefits	$85.0M	$38.0M
Regulatory Asset for Under-Recovered Fuel Costs	$426.0M	$446.0M
Prepayments and Other Current Assets	$212.0M	$287.0M
TOTAL CURRENT ASSETS	$6.1B	$5.8B
Generation	$28.4B	$24.8B
Transmission	$42.6B	$38.9B
Distribution	$33.4B	$31.1B
Other Property, Plant and Equipment (Including Coal Mining and Nuclear Fuel)	$8.6B	$7.5B
Construction Work in Progress	$7.6B	$6.3B
Total Property, Plant and Equipment	$120.6B	$108.6B
Accumulated Depreciation and Amortization	$28.2B	$26.2B
TOTAL PROPERTY, PLANT AND EQUIPMENT NET	$92.4B	$82.4B
Regulatory Assets	$4.8B	$5.1B
Securitized Assets	$933.0M	$554.0M
Spent Nuclear Fuel and Decommissioning Trusts	$4.9B	$4.4B
Goodwill	$53.0M	$53.0M
Long-term Risk Management Assets	$265.0M	$289.0M
Operating Lease Assets	$661.0M	$580.0M
Deferred Charges and Other Noncurrent Assets	$4.4B	$3.9B
TOTAL OTHER NONCURRENT ASSETS	$16.0B	$14.9B
TOTAL ASSETS	$114.5B	$103.1B
Accounts Payable	$3.4B	$2.6B
Securitized Debt for Receivables AEP Credit	$900.0M	$900.0M
Other Short-term Debt	$608.0M	$1.6B
Total Short-term Debt	$1.5B	$2.5B
Risk Management Liabilities	$132.0M	$100.0M
Customer Deposits	$507.0M	$455.0M
Accrued Taxes	$2.0B	$1.9B
Accrued Interest	$544.0M	$453.0M
Obligations Under Operating Leases	$100.0M	$92.0M
Other Current Liabilities	$1.9B	$1.5B
TOTAL CURRENT LIABILITIES	$13.3B	$13.0B
Long-term Risk Management Liabilities	$178.0M	$224.0M
Deferred Income Taxes	$11.0B	$10.0B
Regulatory Liabilities and Deferred Investment Tax Credits	$8.4B	$8.3B
Asset Retirement Obligations	$3.6B	$3.5B
Employee Benefits and Pension Obligations	$232.0M	$361.0M
Obligations Under Operating Leases	$578.0M	$504.0M
Deferred Credits and Other Noncurrent Liabilities	$905.0M	$801.0M
TOTAL NONCURRENT LIABILITIES	$68.9B	$63.0B
TOTAL LIABILITIES	$82.2B	$76.1B
Contingently Redeemable Performance Share Awards	$38.0M	$38.0M
Common Stock	$3.5B	$3.5B
Paid-in Capital	$12.1B	$9.6B
Retained Earnings	$15.4B	$13.9B
Accumulated Other Comprehensive Income (Loss)	$36.0M	-$3.0M
TOTAL COMMON SHAREHOLDERS EQUITY	$31.1B	$26.9B
Noncontrolling Interests	$1.1B	$42.0M
TOTAL EQUITY	$32.2B	$27.0B	$25.3B	$24.1B
TOTAL LIABILITIES AND EQUITY	$114.5B	$103.1B
Restricted Cash	$71.0M	$43.0M
Long-term Debt Due Within One Year	$3.2B	$3.3B
Long-term Debt	$44.1B	$39.3B
Common Stock Par Value (in USD per share)	$6.50	$6.50
Common Stock Shares Authorized (in shares)	600.0M shares	600.0M shares
Common Stock Shares Issued (in shares)	542.0M shares	534.1M shares	527.4M shares	525.1M shares
Shares were Held in Treasury (in shares)	1.2M shares	1.2M shares	1.2M shares	11.2M shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Cash and Cash Equivalents	$197.0M	$203.0M
Other Temporary Investments	$220.0M	$215.0M
Customers	$1.2B	$1.1B
Accrued Unbilled Revenues	$421.0M	$367.0M
Pledged Accounts Receivable AEP Credit	$1.3B	$1.2B
Miscellaneous	$60.0M	$64.0M
Allowance for Credit Losses	-$52.0M	-$61.0M
Total Accounts Receivable	$2.9B	$2.6B
Fuel	$576.0M	$749.0M
Materials and Supplies	$1.0B	$966.0M
Risk Management Assets	$352.0M	$210.0M
Accrued Tax Benefits	$85.0M	$38.0M
Regulatory Asset for Under-Recovered Fuel Costs	$426.0M	$446.0M
Prepayments and Other Current Assets	$212.0M	$287.0M
TOTAL CURRENT ASSETS	$6.1B	$5.8B
Generation	$28.4B	$24.8B
Transmission	$42.6B	$38.9B
Distribution	$33.4B	$31.1B
Other Property, Plant and Equipment (Including Coal Mining and Nuclear Fuel)	$8.6B	$7.5B
Construction Work in Progress	$7.6B	$6.3B
Total Property, Plant and Equipment	$120.6B	$108.6B
Accumulated Depreciation and Amortization	$28.2B	$26.2B
TOTAL PROPERTY, PLANT AND EQUIPMENT NET	$92.4B	$82.4B
Regulatory Assets	$4.8B	$5.1B
Securitized Assets	$933.0M	$554.0M
Spent Nuclear Fuel and Decommissioning Trusts	$4.9B	$4.4B
Goodwill	$53.0M	$53.0M
Long-term Risk Management Assets	$265.0M	$289.0M
Operating Lease Assets	$661.0M	$580.0M
Deferred Charges and Other Noncurrent Assets	$4.4B	$3.9B
TOTAL OTHER NONCURRENT ASSETS	$16.0B	$14.9B
TOTAL ASSETS	$114.5B	$103.1B
Accounts Payable	$3.4B	$2.6B
Securitized Debt for Receivables AEP Credit	$900.0M	$900.0M
Other Short-term Debt	$608.0M	$1.6B
Total Short-term Debt	$1.5B	$2.5B
Risk Management Liabilities	$132.0M	$100.0M
Customer Deposits	$507.0M	$455.0M
Accrued Taxes	$2.0B	$1.9B
Accrued Interest	$544.0M	$453.0M
Obligations Under Operating Leases	$100.0M	$92.0M
Other Current Liabilities	$1.9B	$1.5B
TOTAL CURRENT LIABILITIES	$13.3B	$13.0B
Long-term Risk Management Liabilities	$178.0M	$224.0M
Deferred Income Taxes	$11.0B	$10.0B
Regulatory Liabilities and Deferred Investment Tax Credits	$8.4B	$8.3B
Asset Retirement Obligations	$3.6B	$3.5B
Employee Benefits and Pension Obligations	$232.0M	$361.0M
Obligations Under Operating Leases	$578.0M	$504.0M
Deferred Credits and Other Noncurrent Liabilities	$905.0M	$801.0M
TOTAL NONCURRENT LIABILITIES	$68.9B	$63.0B
TOTAL LIABILITIES	$82.2B	$76.1B
Contingently Redeemable Performance Share Awards	$38.0M	$38.0M
Common Stock	$3.5B	$3.5B
Paid-in Capital	$12.1B	$9.6B
Retained Earnings	$15.4B	$13.9B
Accumulated Other Comprehensive Income (Loss)	$36.0M	-$3.0M
TOTAL COMMON SHAREHOLDERS EQUITY	$31.1B	$26.9B
Noncontrolling Interests	$1.1B	$42.0M
TOTAL EQUITY	$32.2B	$27.0B	$25.3B	$24.1B
TOTAL LIABILITIES AND EQUITY	$114.5B	$103.1B
Restricted Cash	$71.0M	$43.0M
Long-term Debt Due Within One Year	$3.2B	$3.3B
Long-term Debt	$44.1B	$39.3B
Common Stock Par Value (in USD per share)	$6.50	$6.50
Common Stock Shares Authorized (in shares)	600.0M shares	600.0M shares
Common Stock Shares Issued (in shares)	542.0M shares	534.1M shares	527.4M shares	525.1M shares
Shares were Held in Treasury (in shares)	1.2M shares	1.2M shares	1.2M shares	11.2M shares

Cash from operations¹⁴¹⁵¹⁶¹⁷¹⁸⁷$6.9B in 2025+33% since 2018

Capital spending¹⁴$0 in 2020

Free cash flow¹⁴¹⁵¹⁶$3.8B in 2020−27% since 2018

Dividends paid¹⁴¹⁵¹⁶¹⁷¹⁸⁷$2.0B in 2025+60% since 2018

Every line of the cash flow as filed: the last 3 fiscal years, latest first.⁷

Period ending	2025-12-31	2024-12-31	2023-12-31
Net Income	$3.7B	$3.0B	$2.2B
Depreciation and Amortization	$3.4B	$3.3B	$3.1B
Deferred Income Taxes	$311.0M	$58.0M	$185.0M
Loss on the Sale of the Competitive Contracted Renewables Portfolio	$0	$0	$93.0M
Asset Impairments and Other Related Charges	$66.0M	$143.0M	$86.0M
Allowance for Equity Funds Used During Construction	-$245.0M	-$211.0M	-$175.0M
Mark-to-Market of Risk Management Contracts	-$116.0M	-$81.0M	$9.0M
Amortization of Nuclear Fuel	$109.0M	$103.0M	$97.0M
Pension Contributions to Qualified Plan Trust	-$95.0M	$0	$0
Property Taxes	-$42.0M	-$45.0M	-$41.0M
Deferred Fuel Over/Under-Recovery, Net	$133.0M	$277.0M	$893.0M
Change in Regulatory Assets	-$304.0M	-$174.0M	-$316.0M
Change in Other Noncurrent Assets	-$559.0M	-$348.0M	-$446.0M
Change in Other Noncurrent Liabilities	$269.0M	$306.0M	$29.0M
Accounts Receivable, Net	-$246.0M	-$156.0M	$236.0M
Fuel, Materials and Supplies	$115.0M	$172.0M	-$504.0M
Accounts Payable	$252.0M	$85.0M	-$253.0M
Accrued Taxes, Net	$32.0M	$240.0M	$22.0M
Other Current Assets	$85.0M	-$13.0M	-$44.0M
Other Current Liabilities	$103.0M	$182.0M	-$162.0M
Net Cash Flows from Operating Activities	$6.9B	$6.8B	$5.0B
Construction Expenditures	-$8.5B	-$7.6B	-$7.4B
Purchases of Investment Securities	-$3.0B	-$2.9B	-$2.9B
Sales of Investment Securities	$2.9B	$2.9B	$2.8B
Acquisitions of Nuclear Fuel	-$130.0M	-$140.0M	-$128.0M
Acquisitions of Generation Facilities	-$3.5B	-$399.0M	-$155.0M
Proceeds from Sales of Assets	$25.0M	$362.0M	$1.3B
Proceeds from Sale of Equity Method Investment	$0	$114.0M	$0
Other Investing Activities	$118.0M	$143.0M	$122.0M
Net Cash Flows Used for Investing Activities	-$11.9B	-$7.6B	-$6.3B
Capital Contribution from Noncontrolling Interest	$38.0M	$0	$0
Issuance of Common Stock, Net	$775.0M	$552.0M	$1.0B
Issuance of Long-term Debt	$8.3B	$5.1B	$5.5B
Issuance of Short-term Debt with Original Maturities greater than 90 Days	$320.0M	$724.0M	$1.1B
Change in Short-term Debt with Original Maturities less than 90 Day, Net	-$658.0M	-$159.0M	-$1.2B
Retirement of Long-term Debt	-$3.6B	-$2.7B	-$2.2B
Redemption of Short-term Debt with Original Maturities greater than 90 Days	-$678.0M	-$871.0M	-$1.1B
Principal Payments for Finance Lease Obligations	-$51.0M	-$65.0M	-$68.0M
Proceeds from the Midwest Transmission Holdings Noncontrolling Interest Transaction, Net of Transaction Costs	$2.8B	$0	$0
Dividends Paid on Common Stock	-$2.0B	-$1.9B	-$1.8B
Dividends Paid on Noncontrolling Interest	-$108.0M	-$6.0M	-$8.0M
Other Financing Activities	-$8.0M	-$50.0M	-$80.0M
Net Cash Flows from Financing Activities	$5.0B	$659.0M	$1.1B
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	$22.0M	-$133.0M	-$178.0M

Compare American Electric Power with another company

Corporate structure

American Electric Power sits at the top of its group. 33 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of American Electric Power

VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on American Electric Power, latest Apr 29, 2026
VANGUARD GROUP INC Filed SCHEDULE 13G/A on American Electric Power, latest Mar 26, 2026 (4 filings since Feb 9, 2022)
BlackRock Filed SCHEDULE 13G/A on American Electric Power, latest Apr 17, 2025 (5 filings since Feb 8, 2022)
Wellington Management Company Filed SC 13G/A on American Electric Power, latest Nov 8, 2024 (2 filings since Feb 8, 2024)
State Street Corporation Filed SC 13G/A on American Electric Power, latest Jan 30, 2024 (3 filings since Feb 10, 2022)
PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on American Electric Power, latest Feb 14, 2022

American Electric Power Columbus, Ohio, United States
- AEP Texas Inc. Columbus, Ohio, United States
- AEP Transmission Company, LLC Columbus, Ohio, United States
  - AEP Energy Supply LLC Subsidiary · Delaware, United States
  - AEP Generating Company Subsidiary · Ohio, United States
  - AEP Generation Resources Inc. Subsidiary · Delaware, United States
  - AEP Indiana Michigan Transmission Company, Inc Subsidiary · Indiana, United States
  - AEP Ohio Transmission Company, Inc Subsidiary · Ohio, United States
  - AEP Oklahoma Transmission Company, Inc Subsidiary · Oklahoma, United States
  - AEP Texas Central Transition Funding III LLC Subsidiary · Delaware, United States
  - AEP Texas North Generation Company LLC Subsidiary · Delaware, United States
  - AEP Texas Restoration Funding, LLC Subsidiary · Delaware, United States
  - AEP Transmission Holding Company, LLC Subsidiary · Delaware, United States
  - AEP West Virginia Transmission Company, Inc Subsidiary · West Virginia, United States
  - Appalachian Consumer Rate Relief Funding II LLC Subsidiary · Delaware, United States
  - Appalachian Consumer Rate Relief Funding LLC Subsidiary · Delaware, United States
  - Appalachian Power Recovery Funding LLC Subsidiary · Delaware, United States
  - Indiana-Kentucky Electric Corporation Subsidiary · Indiana, United States
  - Kentucky Power Cost Recovery LLC Subsidiary · Delaware, United States
  - Kingsport Power Company Subsidiary · Virginia, United States
  - Midwest Transmission Holdings, LLC Subsidiary · Delaware, United States
  - Ohio Valley Electric Corporation Subsidiary · Ohio, United States
  - SWEPCo Storm Recovery Funding LLC Subsidiary · Louisiana, United States
  - Wheeling Power Company Subsidiary · West Virginia, United States
- AEP Ohio Subsidiary · Ohio, United States
- AEP ENERGY PARTNERS, INC. Subsidiary · Columbus, Ohio, United States
- AMERICAN ELECTRIC POWER SERVICE CORPORATION Subsidiary · Columbus, Ohio, United States
- Appalachian Power Company Subsidiary · Columbus, Ohio, United States
- INDIANA MICHIGAN POWER COMPANY Subsidiary · Columbus, Ohio, United States
- KENTUCKY POWER COMPANY Subsidiary · Columbus, Ohio, United States
- OHIO POWER COMPANY Subsidiary · Columbus, Ohio, United States
- PUBLIC SERVICE COMPANY OF OKLAHOMA Subsidiary · Oklahoma City, Oklahoma, United States
- SOUTHWESTERN ELECTRIC POWER COMPANY Subsidiary · Columbus, Ohio, United States
- Cardinal Power Plant Owned · Jefferson County, United States
- John E. Amos Power Plant Owned · West Virginia, United States
- Rockport Power Plant Owned · Indiana, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What American Electric Power reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Construction in progress	$7.6B⁷ Dec 31, 2025	$6.3B⁷ Dec 31, 2024	+20.3%
Property and equipment, before depreciation	$120.6B⁷ Dec 31, 2025	$108.6B⁷ Dec 31, 2024	+11.0%
Property and equipment, net	$736.0M⁷ Dec 31, 2025	$715.0M⁷ Dec 31, 2024	+2.9%
Finance-lease assets	$155.0M⁷ Dec 31, 2025	$164.0M⁷ Dec 31, 2024	−5.5%
Operating-lease assets (leased space)	$661.0M⁷ Dec 31, 2025	$580.0M⁷ Dec 31, 2024	+14.0%

Investments

Item	Latest	A year before	Change
Cash and cash equivalents	$197.0M⁷ Dec 31, 2025	$203.0M⁷ Dec 31, 2024	−3.0%
Marketable securities, current	$220.0M⁷ Dec 31, 2025	$215.0M⁷ Dec 31, 2024	+2.3%
Stakes in other companies (equity method)	$1.3B⁷ Dec 31, 2025	$1.1B⁷ Dec 31, 2024	+18.6%

Intangibles and goodwill

Item	Latest	A year before	Change
Goodwill	$53.0M⁷ Dec 31, 2025	$53.0M⁷ Dec 31, 2024	0%

Inventory

Item	Latest	A year before	Change
Raw materials	$576.0M⁷ Dec 31, 2025	$749.0M⁷ Dec 31, 2024	−23.1%
Supplies	$1.0B⁷ Dec 31, 2025	$966.0M⁷ Dec 31, 2024	+8.3%

Properties, in its own words

GENERATION FACILITIES

The tables below summarize the net maximum capacity of AEP's owned generation plants as of December 31, 2025. AEP subsidiaries serve customer electricity needs from these facilities and from purchased power in the PJM and SPP markets based on demand and other economic conditions. AEP's regulated subsidiaries have approved recovery mechanisms in retail jurisdictions that recover the cost of prudently incurred fuel, purchased power and other expenses.

The rest of Item 2

Vertically Integrated Utilities Segment

AEGCo

Rockport (a) · 2 · IN · Steam - Coal · 1,310 · 1984

(a)AEGCo owns a 50% interest in the Rockport Plant units. I&M owns the remaining 50%. Figures presented reflect only the portion owned by AEGCo.

Ceredo · 6 · WV · Natural Gas · 516 · 2001

Dresden · 3 · OH · Natural Gas · 665 · 2012

Smith Mountain · 5 · VA · Pumped Storage · 585 · 1965

Amos · 3 · WV · Steam - Coal · 2,950 · 1971

Mountaineer · 1 · WV · Steam - Coal · 1,320 · 1980

Clinch River · 2 · VA · Steam - Natural Gas · 465 · 1958

Hydro (Various Plants) · Various · VA · Hydro · 158 · 1906-1964

Hydro (Various Plants) · Various · WV · Hydro · 53 · 1935-1938

Amherst · NA · VA · Solar · 5 · 2023

Top Hat · NA · IL · Wind · 204 · 2025

Total MWs · 6,921

Rockport (a) · 2 · IN · Steam - Coal · 1,310 · 1984

Cook · 2 · MI · Steam - Nuclear · 2,296 · 1975

Hydro (Various Plants) · Various · IN · Hydro · 7 · 1904-1913

Hydro (Various Plants) · Various · MI · Hydro · 13 · 1908-1923

Solar (Various Plants) · NA · IN · Solar · 31 · 2016-2021

Solar (Various Plants) · NA · MI · Solar · 5 · 2016

Total MWs · 3,662

(a)I&M owns a 50% interest in the Rockport Plant units. AEGCo owns the remaining 50%. Figures presented reflect only the portion owned by I&M.

KPCo

Mitchell (a) · 2 · WV · Steam - Coal · 780 · 1971

Big Sandy · 1 · KY · Steam - Natural Gas · 295 · 1963

Total MWs · 1,075

(a)KPCo owns a 50% interest in the Mitchell Plant units. WPCo owns the remaining 50%. Figures presented reflect only the portion owned by KPCo.

Comanche · 3 · OK · Natural Gas · 228 · 1973

Green Country · 3 · OK · Natural Gas · 904 · 2002

Northeastern, Unit 1 · 3 · OK · Natural Gas · 470 · 1961

Riverside, Units 3 and 4 · 2 · OK · Natural Gas · 160 · 2008

Southwestern, Units 4 and 5 · 2 · OK · Natural Gas · 166 · 2008

Weleetka · 2 · OK · Natural Gas · 90 · 1975

Northeastern, Unit 3 (a) · 1 · OK · Steam - Coal · 472 · 1979

Northeastern, Unit 2 · 1 · OK · Steam - Natural Gas · 435 · 1961

Riverside, Units 1 and 2 · 2 · OK · Steam - Natural Gas · 879 · 1974

Southwestern, Units 1, 2 and 3 · 3 · OK · Steam - Natural Gas · 446 · 1952

Tulsa · 2 · OK · Steam - Natural Gas · 319 · 1956

North Central Wind Energy Facilities (b) · NA · OK · Wind · 675 · 2021-2022

Rock Falls · NA · OK · Wind · 155 · 2017

Flat Ridge IV · NA · KS · Wind · 135 · 2025

Flat Ridge V · NA · KS · Wind · 153 · 2025

Pixley · NA · KS · Solar · 189 · 2025

Total MWs · 5,876

(a)Northeastern, Unit 3 operated on coal up through December 2025 and began to operate on natural gas beginning in January 2026.

(b)PSO owns a 45.5% interest and SWEPCo owns the remaining 54.5% interest in Sundance, Maverick and Traverse. Figures presented reflect only the portion owned by PSO.

Mattison · 4 · AR · Natural Gas · 314 · 2007

Stall · 3 · LA · Natural Gas · 535 · 2010

Flint Creek (a) · 1 · AR · Steam - Coal · 259 · 1978

Turk (a) · 1 · AR · Steam - Coal · 477 · 2012

Welsh (b) · 2 · TX · Steam - Coal · 1,056 · 1977

Arsenal Hill · 1 · LA · Steam - Natural Gas · 111 · 1960

Knox Lee · 1 · TX · Steam - Natural Gas · 344 · 1950

Lieberman · 2 · LA · Steam - Natural Gas · 219 · 1947

Wilkes · 3 · TX · Steam - Natural Gas · 889 · 1964

Diversion Wind Farm · NA · TX · Wind · 201 · 2024

North Central Wind Energy Facilities (c) · NA · OK · Wind · 809 · 2021-2022

Wagon Wheel · NA · OK · Wind · 598 · 2025

Total MWs · 5,812

(a)Jointly-owned with nonaffiliated entities. Figures presented reflect only the portion owned by SWEPCo. The Arkansas jurisdictional portion of SWEPCo’s interest in Turk Plant is not in rate base.

(b)In November 2020, management announced it will cease using coal at the Welsh Plant in 2028. In December 2024, SWEPCo filed an application for a CCN with the APSC, LPSC and PUCT to convert Welsh Plant, Units 1 and 3 to natural gas in 2028 and 2027, respectively.

(c)SWEPCo owns a 54.5% interest and PSO owns the remaining 45.5% interest in Sundance, Maverick and Traverse. Figures presented reflect only the portion owned by SWEPCo.

WPCo

Mitchell (a) · 2 · WV · Steam - Coal · 780 · 1971

(a)WPCo owns a 50% in the Mitchell Plant units. KPCo owns the remaining 50%. Figures presented reflect only the portion owned by WPCo.

TRANSMISSION AND DISTRIBUTION FACILITIES

The AEP System has significant investments in transmission and distribution lines across its Vertically Integrated Utilities, Transmission and Distribution Utilities and AEP Transmission Holdco Segments.

TITLE TO PROPERTY

The AEP System’s generating facilities are generally located on AEP owned property. The greater portion of the transmission and distribution lines of the AEP System has been constructed over property owned by third parties pursuant to easements or along public highways and streets pursuant to appropriate statutory authority. The rights of AEP’s public utility subsidiaries in the realty on which their facilities are located are considered adequate for use in the conduct of their business. Minor defects and irregularities customarily found in title to properties of like size and character may exist, but such defects and irregularities do not materially impair the use of the properties. AEP’s public utility subsidiaries generally have the right of eminent domain which permits them, if necessary, to acquire, perfect or secure titles to or easements on privately held lands used or to be used in their utility operations.

SYSTEM TRANSMISSION LINES AND FACILITY SITING

Item 2 of the 10-K filed Feb 12, 2026.²³

Stakes and holdings (Wikidata)

Cardinal Power Plant
John E. Amos Power Plant
Rockport Power Plant

Things Wikidata records the company as owning, with the share when stated.¹

The story

The American Gas and Electric Company, which would be renamed American Electric Power in 1958, was incorporated in 1906. It replaced Electric Company of America, a holding company that had existed since 1899. It built "the first plant in the world to reheat steam to do double duty in the process of generating electricity" at the Philo Power Plant in Philo, Ohio in 1923. Several of its holdings were divested following the passage of the Public Utility Holding Company Act in 1935; these holdings would include Atlantic City Electric (now a subsidiary of Exelon) and Scranton Electric (since absorbed by PPL). However, it retained its Central System, which ran between Michigan and Virginia. It moved its headquarters from New York City to Columbus, Ohio in the 1980s. On May 1, 1999, The North American electric power industry tested and cleared 75 percent of the U.S. electricity system for compliance with the Year 2000 computer glitch. On August 31, 2004, American Electric Power Company's $10 billion acquisition of the Central and South West Corporation was approved.

Acquisitions

1922 Indiana and Michigan Electric

1924 American Electric Power Company, a Philadelphia holding company

1925 Appalachian Power Company

1948 Indiana Service Corporation of Fort Wayne

1980 Columbus and Southern Ohio Electric Company

1997 Central and South West Corporation (completed in 2000)

From Wikipedia’s article on American Electric Power, shared under CC BY-SA 4.0.⁹

Leadership

Who has led American Electric Power, and when. Pick a name to see everywhere that person has worked.

Chief executive officerBenjamin G. S. Fowke Iii. Feb 27, 2024 to Apr 2, 2024²⁴
Chief executive officerWilliam Fehrman Aug 1, 2024 to now²⁵
Chief executive officerJulia A. Sloat Feb 27, 2023 to Feb 23, 2024²⁶
Chief executive officerNicholas K. Akins Jan 27, 2012 to Feb 22, 2023²⁷
Chief executive officerMichael G. Morris Jan 5, 2004 to Jan 25, 2011²⁸
ChairNicholas K. Akins Feb 23, 2023 to May 3, 2023²⁹
ChairMichael G. Morris Dec 1, 2011 to Jan 3, 2012³⁰
ChairE. Linn Draper Jr. Feb 13, 2004 to Feb 13, 2004³¹
PresidentAlicia R. Knapp Feb 19, 2026 to now³²
PresidentDouglas A. Cannon Feb 19, 2026 to now³³
PresidentBenjamin G. S. Fowke Iii. Feb 27, 2024 to Apr 2, 2024²⁴
PresidentWilliam Fehrman Aug 1, 2024 to Feb 19, 2026²⁵
PresidentJulia A. Sloat Feb 27, 2023 to Feb 23, 2024²⁶
PresidentNicholas K. Akins Jan 25, 2011 to May 2, 2022³⁴
PresidentSusan Tomasky Jan 25, 2011 to Jan 25, 2011³⁵
PresidentRobert P. Powers Jan 24, 2008 to Jan 25, 2011³⁶
PresidentMichael G. Morris Jan 5, 2004 to Dec 2, 2010²⁸
PresidentCarl L. English Aug 4, 2004 to Jan 24, 2008³⁷
Chief financial officerTrevor I. Mihalik Jan 23, 2025 to now³⁸
Chief financial officerCharles E. Zebula Oct 4, 2023 to Jan 3, 2025³⁹
Chief financial officerAnn P. Kelly Dec 6, 2022 to Mar 23, 2023⁴⁰
Chief financial officerJulia A. Sloat Jan 4, 2021 to Feb 22, 2023⁴¹
Chief financial officerHolly K. Koeppel Nov 15, 2006 to Feb 8, 2008⁴²
Chief financial officerSusan Tomasky Dec 10, 2003 to Jan 26, 2006⁴³
Chief operating officerLisa M. Barton Feb 16, 2021 to May 9, 2022⁴⁴
Chief operating officerRobert P. Powers Jan 27, 2012 to May 6, 2016⁴⁵

Board members and other officers (72)

Executive Vice PresidentDouglas A. Cannon Jun 16, 2025 to now⁴⁶
Executive Vice PresidentRobert Berntsen Jul 14, 2025 to now⁴⁷
Executive Vice PresidentJohannes G. Eckert Jul 21, 2025 to now⁴⁸
Executive Vice PresidentAlicia R. Knapp Sep 29, 2025 to now⁴⁹
Senior AdvisorBenjamin G. S. Fowke Iii. Aug 28, 2024 to Sep 30, 2024⁵⁰
Executive Vice PresidentQuinton S. Lies Sep 6, 2024 to now⁵¹
Executive Vice PresidentKelly J. Ferneau Nov 6, 2024 to now⁵²
Executive Vice PresidentAntonio P. Smyth Apr 12, 2023 to Mar 12, 2025⁵³
Controller, CAOKate Dixon May 15, 2023 to now⁵⁴
Executive Vice PresidentRaja Sundararajan Jul 7, 2022 to Feb 27, 2023⁵⁵
Executive Vice PresidentChristian T. Beam Sep 26, 2022 to May 2, 2024⁵⁶
Executive Vice PresidentPeggy Simmons Sep 26, 2022 to May 2, 2024⁵⁷
Senior Vice PresidentTherace Risch Apr 30, 2021 to Mar 12, 2025⁵⁸
Executive Vice PresidentGreg B. Hall Jul 6, 2021 to now⁵⁹
Executive Vice PresidentPaul Chodak Iii. Jan 5, 2017 to May 9, 2022⁶⁰
Executive Vice PresidentCharles E. Zebula Apr 25, 2014 to Mar 12, 2025⁶¹
Executive Vice PresidentDennis E. Welch Feb 3, 2012 to May 5, 2015⁶²
Executive Vice PresidentLisa M. Barton Feb 3, 2012 to May 5, 2020⁶³
Executive Vice PresidentMark C. McCullough Feb 3, 2012 to Sep 15, 2021⁶⁴
Senior VP, Chief Admin OfficerLana L. Hillebrand Dec 17, 2012 to Jan 27, 2021⁶⁵
Vice chairCarl L. English Jan 25, 2011 to Jan 25, 2011⁶⁶
Senior Vice PresidentD. Michael Miller Jul 2, 2010 to Aug 1, 2011⁶⁷
EVPCharles R. Patton Oct 5, 2009 to May 18, 2022⁶⁸
SVP of AEPSC (Subsidiary)Richard E. Munczinski Jun 6, 2008 to Jun 6, 2008⁶⁹
Executive Vice PresidentNicholas K. Akins Sep 6, 2006 to Aug 9, 2010⁷⁰
Executive Vice PresidentSusan Tomasky Nov 15, 2006 to Jan 24, 2008⁷¹
SVP of AEPSC (Subsidiary)Venita McCellon-Allen Apr 28, 2005 to Nov 18, 2009⁷²
Senior Vice PresidentCoulter R. Boyle Jul 28, 2004 to May 10, 2005⁷³
SVP, GC, SecretaryJohn B. Keane Jul 28, 2004 to Jan 24, 2008⁷⁴
Vice PresidentHenry W. Fayne Dec 10, 2003 to Dec 10, 2003⁷⁵
EVP of AEPSC (subsidiary)Holly K. Koeppel Dec 10, 2003 to Oct 30, 2007⁷⁶
Controller, Chief Actg OfficerJospeh M. Buonaiuto Dec 10, 2003 to May 2, 2023⁷⁷
EVP of AEPSC (subsidiary)Robert P. Powers Dec 10, 2003 to May 3, 2017⁷⁸
EVP of AEPSC (subsidiary)Thomas M. Hagan Dec 10, 2003 to Jan 24, 2008⁷⁹
Vice chairThomas Shockley V. Iii. Dec 10, 2003 to Dec 10, 2003⁸⁰
Board memberCharles J. Meyers Jul 27, 2026 to now⁸¹
Board memberDavid S. Marriott Jul 27, 2026 to now⁸²
Board memberJoseph G. Sauvage Apr 29, 2025 to now⁸³
Board memberHenry P. Linginfelter Feb 20, 2024 to now⁸⁴
Board memberHunter Clark Gary Feb 20, 2024 to now⁸⁵
Board memberWilliam Fehrman Aug 1, 2024 to now²⁵
Board memberDaniel G. Stoddard Aug 22, 2023 to now⁸⁶
Board memberBenjamin G. S. Fowke Iii. Mar 1, 2022 to now⁸⁷
Board memberThaer Lewis Von Mar 1, 2022 to now⁸⁸
Board memberDonna James Jun 28, 2022 to now⁸⁹
Board memberDaryl Roberts Dec 14, 2020 to now⁹⁰
Board memberMargaret M. McCarthy May 2, 2019 to now⁹¹
Board memberArt A. Garcia Sep 18, 2019 to now⁹²
Board memberJ. Barnie Beasley Feb 26, 2014 to Apr 2, 2024⁹³
Board memberOliver G. Richard Iii. Jan 23, 2013 to Jul 5, 2023⁹⁴
Board memberNicholas K. Akins Dec 12, 2013 to Jan 31, 2014⁹⁵
Board memberSandra Beach Lin Jul 30, 2012 to now⁹⁶
Board memberStephen S. Rasmussen Sep 26, 2012 to Jan 4, 2022⁹⁷
Board memberJames F. Cordes Sep 24, 2009 to Apr 1, 2013⁹⁸
Board memberJohn F. Turner Jul 24, 2008 to Apr 2, 2014⁹⁹
Board memberThomas E. Hoaglin Dec 20, 2007 to Apr 4, 2022¹⁰⁰
Board memberRalph D. Crosby Jr. Jan 27, 2006 to Apr 1, 2021¹⁰¹
Board memberLinda Goodspeed Oct 27, 2005 to Jul 2, 2024¹⁰²
Board memberDonald M. Carlton Jan 5, 2004 to Apr 1, 2011¹⁰³
Board memberJohn P. Desbarres Jan 5, 2004 to Jan 5, 2009¹⁰⁴
Board memberLinda G. Stuntz Jan 5, 2004 to Apr 1, 2004¹⁰⁵
Board memberMichael G. Morris Jan 5, 2004 to Apr 2, 2014²⁸
Board memberLionel Nowell Jul 28, 2004 to Apr 2, 2020¹⁰⁶
Board memberDonald G. Smith Jul 1, 2003 to Apr 1, 2008¹⁰⁷
Board memberKathryn D. Sullivan Jul 1, 2003 to Apr 1, 2011¹⁰⁸
Board memberLeonard J. Kujawa Jul 1, 2003 to Apr 13, 2005¹⁰⁹
Board memberRichard L. Sandor Jul 1, 2003 to Apr 2, 2014¹¹⁰
Board memberWilliam R. Howell Jul 1, 2003 to Apr 1, 2008¹¹¹
Board memberLester A. Hudson Jr. Dec 1, 2003 to Apr 2, 2012¹¹²
Board memberRobert W. Fri Dec 1, 2003 to Apr 1, 2008¹¹³
Board memberThomas Shockley V. Iii. Dec 10, 2003 to Dec 10, 2003⁸⁰
Board memberE. R. Brooks Dec 22, 2003 to Apr 1, 2011¹¹⁴

Products and brands

electricity

Listed on Wikidata.¹

Subsidiaries

The company is divided into seven major geographic local operating companies:

Ohio Power Company

Ohio Power Company, formerly AEP Ohio, serves 1.5 million customers in central, southern and northwestern Ohio. For years, it consisted of two operating companies, Ohio Power and Columbus Southern Power. However, in 2014, Columbus Southern was merged into Ohio Power, leaving Ohio Power as the legal operating company for regulatory purposes.

AEP Texas

AEP Texas was formed from a merger of various predecessor utilities, and joined AEP as part of its acquisition of Central and South West Corporation in 1997. It consists of AEP Texas North Company (formerly West Texas Utilities), which operates in west Texas, and AEP Texas Central Company (formerly Central Power and Light), which operates in south Texas.

Appalachian Power

Appalachian Power (APCO) is based in Charleston, West Virginia. APCO serves about one million customers in central and Southern West Virginia, the Northern Panhandle of West Virginia, Southwest Virginia and parts of Northeast Tennessee, specifically Kingsport. Cities in the Appalachian Power service territory include Wheeling, Charleston and Huntington, West Virginia; Roanoke, Virginia, Lynchburg, Virginia, and Kingsport.

Read the full text

Until the 21st century, AEP's operations in Tennessee were part of a separate operating company, Kingsport Power Company. However, since the turn of the millennium, Kingsport Power's operations have been almost completely merged with those of Appalachian Power. While Kingsport Power still legally exists, the Kingsport Power name is almost never used anymore except for regulatory formality. AEP considers Appalachian Power to be the operating company in Kingsport.

Wheeling Power, based in Wheeling, was long treated as a de facto part of Ohio Power, but is now treated as part of Appalachian Power.

Indiana Michigan Power

Indiana Michigan Power (I&M) serves northeastern and east-central Indiana, including Muncie and Fort Wayne; and parts of north-central Indiana and southwest Michigan, including South Bend, St. Joseph, Benton Harbor and Three Rivers. The Donald C. Cook nuclear power plant is located in I&M's territory.

Kentucky Power

Kentucky Power serves most of Eastern Kentucky, the area abutting the Appalachian Power service area, including communities of Pikeville, Hazard and Ashland. Kentucky Power headquarters is in Ashland and they maintain a government relations office in Frankfort.

On October 26, 2021, the Liberty Utilities subsidiary of Algonquin Power & Utilities agreed to acquire AEP's Kentucky operations in a transaction valued at $2.8 billion (US). The purchase was expected to close in the second quarter of 2022, pending regulatory approval.

On April 17, 2023, the sale was terminated. The sale drew criticism from the Kentucky Attorney General and Kentucky lawmakers. In May 2022, Kentucky's Public Service Commission approved the sale, but only with modifications made to the sale. In December 2022, the U.S. Federal Energy Regulatory Commission refused approval, stating "the sales’ parties did not provide enough evidence to show the deal wouldn't have an adverse effect on rate payers". Although AEP and Liberty Utilities reapplied in February 2023, they later announced the termination of the sale.

Public Service Company of Oklahoma (PSO)

PSO was one of the four CSW operating companies when CSW merged with AEP. Incorporated in 1913, PSO serves approximately 540,000 customers in eastern and southwestern Oklahoma. Its headquarters are in Tulsa. PSO has 4,269 megawatts of generating capacity and provides electricity to 232 cities and towns across a service area encompassing 30,000 square miles.

In April 2014, Oklahoma Governor Mary Fallin signed into law an AEP-backed bill that would add a tax onto anyone in the state who adopted rooftop solar. This legislation was headed by Rep. Mike Turner (Oklahoma politician) (R. Edmond), known for his support of ending rooftop solar.

Southwestern Electric Power Company

Often called SWEPCO, the Southwestern Electric Power Company serves most of western Arkansas, northwestern Louisiana, and northeastern Texas. Like PSO, it was one of the four CSW Operating Companies.

Between 2013 and 2014, AEP, under subsidiary SWEPCO, tried to eliminate a fundamental solar policy, net metering, at the LPSC several times, and failed each time. SWEPCO also backed openly anti-solar candidate Eric Skrmetta, who has been widely criticized for receiving 2/3 of his campaign contributions from entities he regulates.

In Arkansas, SWEPCO is expected in 2015 to ask regulators to allow them to pass along the costs of building and running the John W. Turk Jr. Coal Plant, the most expensive project in state history, to Arkansas ratepayers. This process is expected to elicit similar controversy to what has plagued the plant since construction.

SWEPCO operated Dolet Hills Power Station was scheduled for closure in Louisiana in 2021, due to pressure by Beyond Coal.

Other subsidiaries

AEP also bought much of the town of Cheshire, Ohio, where the Gavin Power Plant is located, due to pollution issues.

In 2004, AEP announced their plans to build one, or more, integrated gasification combined cycle (IGCC) coal-fired power plant which is expected to reduce emissions while providing additional electricity capacity to the customers served by AEP.

In August 2008, AEP formed a joint venture company with Duke Energy to build and own new electric transmission assets.

It is the largest shareholder in the Ohio Valley Electric Corporation (OVEC). OVEC is an associate company of AEP, not a subsidiary, because AEP owns less than half of it.

Hybrid technology

AEP is expanding its green efforts to include 18 more International DuraStar hybrid diesel trucks. AEP is also teaming with Ford for the integration of a Vehicle-To-Power grid communication system, which allows hybrid vehicles to communicate with power companies to determine where, how long, and what it would cost to re-charge a hybrid during travel.

From Wikipedia’s article on American Electric Power, shared under CC BY-SA 4.0.⁹

Subsidiaries and ownership

Subsidiaries

AEP Ohio
AEP Texas
Appalachian Power
Indiana Michigan Power
Kentucky Power
Public Service Company of Oklahoma
Southwestern Electric Power Company

Also owns

Cardinal Power Plant
John E. Amos Power Plant
Rockport Power Plant

Subsidiaries (GLEIF)

AEP Texas Inc.¹⁰

Also consolidated

From Wikidata.¹ Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Acquisitions

Succeeded American Gas and Electric¹

Former names

AMERICAN ELECTRIC POWER COMPANY INCMay 16, 1994 to Jan 10, 2002⁸

Controversies and legal

Justice Department lawsuit

The United States Justice Department filed a lawsuit on November 3, 1999, against AEP and six other companies for violating the Clean Air Act. On October 8, 2007, AEP agreed to install US$4.6 billion in equipment to reduce emission, as well as pay a US$15 million civil fine and provide US$36 million for environmental projects and $24 million for environmental mitigation.

The company will cut 813,000 short tons (738,000 t) of air pollutants annually once all of the controls are installed. According to the press release, the agreement imposes caps on emissions of pollutants from 16 plants located in five states. The facilities are located in Moundsville (two facilities), St. Albans, Glasgow, and New Haven (two facilities), West Virginia; Louisa, Kentucky; Glen Lyn and Carbo, Virginia; Brilliant, Conesville, Cheshire, Lockbourne, and Beverly, Ohio; and Rockport and Lawrenceburg, Indiana.

From Wikipedia’s article on American Electric Power, shared under CC BY-SA 4.0.⁹

Timeline

Sep 30, 20268-K Executive or director change¹¹⁵
Jul 30, 20268-K Results of operations¹¹⁶
Jul 21, 20268-K Executive or director change¹¹⁷
May 14, 20268-K Entered a material agreement; Other events¹¹⁸
May 5, 20268-K Results of operations¹¹⁹
Apr 29, 20268-K Shareholder vote¹²⁰
Feb 17, 20268-K Executive or director change¹²¹
Feb 12, 20268-K Results of operations¹²²
Jan 8, 20268-K Other events¹²³
Dec 29, 20258-K Bylaws or fiscal year changed¹²⁴
Dec 19, 20258-K Executive or director change¹²⁵
Dec 5, 20258-K Other events¹²⁶
Aug 1, 2024New chief executive William Fehrman becomes CEO²⁵
Feb 27, 2024New chief executive Benjamin G. S. Fowke Iii. becomes CEO²⁴
Feb 27, 2023New chief executive Julia A. Sloat becomes CEO²⁶
Jan 27, 2012New chief executive Nicholas K. Akins becomes CEO²⁷
Jan 5, 2004New chief executive Michael G. Morris becomes CEO²⁸
Jan 2, 1990Went public Listed on NYSE¹
Aug 1927Founded Founded¹

Calendar

Coming up

Oct 28, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.80 a share, on Oct 29, 2025.¹²⁷

When it reported results

Jul 30, 2026Reported quarterly or annual results¹¹⁶
May 5, 2026Reported quarterly or annual results¹¹⁹
Feb 12, 2026Reported quarterly or annual results¹²²
Oct 29, 2025Reported quarterly or annual results¹²⁸
Jul 30, 2025Reported quarterly or annual results¹²⁹
May 6, 2025Reported quarterly or annual results¹³⁰
Feb 13, 2025Reported quarterly or annual results¹³¹
Nov 6, 2024Reported quarterly or annual results¹³²

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

720 filings to the SEC since October 2021: 75 major events, 521 insider forms, 16 large holders, 108 other. The latest 20:

Oct 5, 20264 EDGAR
Oct 5, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Oct 2, 20264 EDGAR
Sep 30, 20268-K EDGAR
Sep 9, 20264 EDGAR
Sep 8, 2026144 EDGAR
Aug 4, 20264 EDGAR
Aug 4, 20264 EDGAR
Jul 30, 20268-K EDGAR
Jul 27, 20263 EDGAR

The 720 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

49 open-market trades by officers, directors and large owners since October 2021: 0 buys and 49 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Sep 8, 2026	Dixon KateController, CAO	Sale	2,000	$125.00	$250.0K	Form 4
Feb 27, 2026	Ulrich Phillip R.Executive Vice President	Sale	4,106	$132.08	$542.3K	Form 4
Feb 24, 2026	Ferneau Kelly JExecutive Vice President	Sale	1,351	$131.46	$177.6K	Form 4
Dec 12, 2025	FOWKE BENJAMIN G S IIIDirector	Sale	5,000	$115.07	$575.4K	Form 4
Nov 14, 2025	FOWKE BENJAMIN G S IIIDirector	Sale	5,000	$121.58	$607.9K	Form 4
Oct 10, 2025	FOWKE BENJAMIN G S IIIDirector	Sale	5,000	$117.52	$587.6K	Form 4
Oct 2, 2025	Ferneau Kelly JExecutive Vice President	Sale	1,006	$112.00	$112.7K	Form 4
Sep 12, 2025	FOWKE BENJAMIN G S IIIDirector	Sale	5,000	$108.65	$543.2K	Form 4
Aug 15, 2025	FOWKE BENJAMIN G S IIIDirector	Sale	5,000	$111.99	$560.0K	Form 4
Aug 15, 2025	Ferneau Kelly JExecutive Vice President	Sale	3,428	$111.99	$383.9K	Form 4
Jun 17, 2025	Feinberg David MatthewExecutive Vice President	Sale	8,058	$101.74	$819.8K	Form 4
Jun 10, 2025	Feinberg David MatthewExecutive Vice President	Sale	8,058	$101.49	$817.8K	Form 4
Jun 3, 2025	Feinberg David MatthewExecutive Vice President	Sale	8,057	$102.94	$829.4K	Form 4
May 19, 2025	Lies Quinton SExecutive Vice President	Sale	10,141	$102.68	$1.0M	Form 4
Jun 5, 2024	Smyth Antonio PExecutive Vice President	Sale	4,898	$90.00	$440.8K	Form 4
May 31, 2024	Hall Greg BExecutive Vice President	Sale	5,880	$88.25	$518.9K	Form 4
May 2, 2023	Feinberg David MatthewExecutive Vice President	Sale	1,616	$92.75	$149.9K	Form 4
May 2, 2023	Beam Christian TExecutive Vice President	Sale	513	$92.75	$47.6K	Form 4
May 2, 2023	Akins Nicholas KExecutive Chair	Sale	10,491	$92.75	$973.0K	Form 4
Mar 21, 2023	Feinberg David MatthewExecutive Vice President	Sale	3,997	$91.69	$366.5K	Form 4

All 49 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 2026¹³³
VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 9, 2022 to Mar 26, 2026¹³⁴
BlackRockSCHEDULE 13G/A, 5 filings Feb 8, 2022 to Apr 17, 2025¹³⁵
Wellington Management CompanySC 13G/A, 2 filings Feb 8, 2024 to Nov 8, 2024¹³⁶
State Street CorporationSC 13G/A, 3 filings Feb 10, 2022 to Jan 30, 2024¹³⁷
PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 1 filing Feb 14, 2022¹³⁸

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

Year	Executive	Salary	Total pay
2025	President and Chief Executive Officer	$1.5M	$36.6M¹³⁹
2025	Executive VicePresident and Chief Financial Officer	$930.0K	$13.5M¹³⁹
2025	President - AEP Transmission	$449.2K	$6.7M¹³⁹
2025	Executive Vice PresidentGeneral Counsel, and Secretary	$378.5K	$5.5M¹³⁹
2025	President - Nuclear Development	$209.2K	$4.4M¹³⁹
2025	Former Executive VicePresident and Chief Financial Officer	$147.8K	$557.0K¹³⁹
2024	President and Chief Executive Officer	$628.8K	$13.3M¹³⁹
2024	Former Executive VicePresident and Chief Financial Officer	$724.3K	$3.8M¹³⁹
2023	Former Executive VicePresident and Chief Financial Officer	$639.6K	$4.0M¹³⁹

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

Fund	Shares	Value	Share of the fund	Change
BlackRock, Inc.	51,024,057	$7.0B	0.1%	+3,226,328
Vanguard Capital Management LLC	35,529,471	$4.9B	0.1%	+391,049
State Street Corp	30,783,142	$4.2B	0.1%	+495,006
Vanguard Portfolio Management LLC	23,492,086	$3.2B	0.1%	+7,883,530
Invesco Ltd.	19,527,874	$2.7B	0.2%	+474,577
Morgan Stanley	18,980,444	$2.6B	0.1%	+4,494,275
Geode Capital Management, LLC	14,404,302	$2.0B	0.1%	+181,511
Wellington Management Group Llp	13,872,005	$1.9B	0.3%	+715,613
Bank Of America Corp /de/	12,269,851	$1.7B	0.1%	+7,107,349
Goldman Sachs Group Inc	10,965,480	$1.5B	0.2%	+5,814,088
GQG Partners LLC	10,263,074	$1.4B	2.6%	−4,762,810
Ameriprise Financial Inc	9,728,413	$1.3B	0.3%	+658,037
Fmr LLC	9,302,934	$1.3B	0.1%	+3,223,596
Franklin Resources Inc	9,148,318	$1.3B	0.3%	+7,721,444
Dodge & Cox	8,674,355	$1.2B	0.6%	−65,480
Barclays PLC	6,836,683	$935.3M	0.3%	−3,530,907
Royal Bank Of Canada	5,991,251	$819.7M	0.1%	−7,116
Nuveen, LLC	5,729,832	$783.9M	0.2%	−264,484
Alliancebernstein L.P.	5,398,220	$707.6M	0.2%	+115,003
Legal & General Group Plc	4,975,065	$680.6M	0.1%	+199,022
Northern Trust Corp	4,651,077	$636.3M	0.1%	−21,415
Millennium Management LLC	4,488,072	$614.0M	0.4%	+336,714
Allspring Global Investments Holdings, LLC	4,545,122	$613.8M	0.9%	+52,143
Citigroup Inc	4,363,855	$597.0M	0.3%	+1,405,285
Massachusetts Financial Services Co /ma/	4,176,896	$572.6M	0.2%	−316,562

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

26 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

Date	Member	Trade	Amount	Vs S&P since	Filing
Aug 26, 2026	David J. TaylorRepublican, House	Buy	$1,001 - $15,000	+2.3%	Report
Aug 26, 2026	David J. TaylorRepublican, House	Buy	$1,001 - $15,000	+2.3%	Report
Jun 5, 2026	David J. TaylorRepublican, House	Buy	$1,001 - $15,000	−6.2%	Report
Feb 26, 2026	David J. TaylorRepublican, House	Sale	$1,001 - $15,000	+15.7%	Report
Jan 16, 2026	David J. TaylorRepublican, House	Buy	$1,001 - $15,000	−5.6%	Report
Nov 3, 2025	David J. TaylorRepublican, House	Sale	$1,001 - $15,000	+6.9%	Report
Nov 3, 2025	David J. TaylorRepublican, House	Sale	$1,001 - $15,000	+6.9%	Report
Oct 6, 2025	Rick LarsenDemocratic, House	Buy	$1,001 - $15,000	−5.0%	Report
Sep 22, 2025	David J. TaylorRepublican, House	Buy	$1,001 - $15,000	+3.0%	Report
Mar 24, 2025	George WhitesidesDemocratic, House	Sale	$15,001 - $50,000	+12.4%	Report
Mar 10, 2025	David J. TaylorRepublican, House	Sale	$1,001 - $15,000	+19.2%	Report
Dec 6, 2024	Virginia FoxxRepublican, House	Buy	$1,001 - $15,000	+5.7%	Report
Sep 4, 2024	John JamesRepublican, House	Sale	$1,001 - $15,000	+16.0%	Report
Nov 10, 2023	John JamesRepublican, House	Buy	$1,001 - $15,000	−11.5%	Report
May 26, 2023	Zoe LofgrenDemocratic, House	Sale	$1,001 - $15,000		Report
May 25, 2023	Zoe LofgrenDemocratic, House	Sale	$1,001 - $15,000	+32.0%	Report
Oct 12, 2022	Kathy Manning, House	Buy	$1,001 - $15,000	−60.9%	Report
Nov 2, 2021	Dwight EvansDemocratic, House	Sale	$1,001 - $15,000	+18.0%	Report
Sep 30, 2021	Zoe LofgrenDemocratic, House	Buy	$1,001 - $15,000	−23.2%	Report
May 25, 2021	Bob Gibbs, House	Sale	$1,001 - $15,000	+36.6%	Report
Jan 15, 2021	Gary C. PetersDemocratic, Senate	Buy	$1,001 - $15,000	−47.4%	Report
Dec 14, 2020	Gary C. PetersDemocratic, Senate	Buy	$1,001 - $15,000	−57.0%	Report
Oct 29, 2020	Dwight EvansDemocratic, House	Partial sale	$1,001 - $15,000	+93.5%	Report
Oct 21, 2020	John H. RutherfordRepublican, House	Sale	$1,001 - $15,000	+84.5%	Report
Aug 10, 2020	K. Michael Conaway, House	Buy	$15,001 - $50,000	−82.1%	Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How American Electric Power is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARAMERICAN ELECTRIC POWER CO INC²
CIK0000004904
Employer ID (EIN)13-4922640²³
Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company²³
Incorporated inNew York²³
Fiscal year endsDecember 31²
Industry code (SIC)4911 Electric Services²
SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance²
Business address1 Riverside Plaza, Columbus, OH 43215²
Phone614-716-1000²
Shares outstanding540,861,473 shares; 100 AEP Texas Inc. shares; 13,499,500 Appalachian Power Company shares; 1,400,000 Indiana Michigan Power Company shares; 27,952,473 Ohio Power Company shares; 9,013,000 Public Service Company Of Oklahoma shares; 3,680 Southwestern Electric Power Company shares as of Dec 31, 2025²³
Public float$56.1B as of Jun 30, 2025²³
AuditorPricewaterhouseCoopers LLP, Columbus, Ohio PCAOB ID 238; it also attests to the company’s internal control over financial reporting²³
On EDGAR sinceMay 16, 1994²
Filings3,293 in all: 4 (1,788), 8-K (394), 35-CERT (213), 10-Q (97), POS AMC (81), U-1/A (67), 3 (64), SC 13G/A (53)²
All 65 form types
424B5 (38), U-9C-3 (36), DEFA14A (31), DEF 14A (30), SC 13G (30), 10-K (29), 11-K (29), 4/A (25), U-1 (25), 144 (23), 424B2 (21), U-6B-2 (21), FWP (20), UPLOAD (17), CORRESP (13), S-3ASR (11), S-8 (11), U5S (11), 8-K/A (10), ARS (8), S-3 (8), NO ACT (7), PRE 14A (7), 5 (6), 3/A (5), 8-A12B (5), EFFECT (5), 10-K/A (3), 10-K405 (3), 25-NSE (3), CERT (3), POS AM (3), PX14A6G (3), SC 13E4 (3), SC 13E4/A (3), 25 (2), 424B3 (2), CERTNYS (2), DEL AM (2), POSASR (2), SCHEDULE 13G/A (2), U-12-IB (2), U-57 (2), 10-Q/A (1), 35-CERT/A (1), 424B7 (1), 5/A (1), 8-A12B/A (1), NT 11-K (1), PRER14A (1), S-3/A (1), S-3MEF (1), S-4 (1), S-4/A (1), S-8 POS (1), SCHEDULE 13G (1), U5S/A (1)
Latest filingsAnnual report (10-K) Feb 12, 2026
Quarterly report (10-Q) Jul 30, 2026
Proxy statement (DEF 14A) Mar 18, 2026
Latest 8-K (8-K) Sep 30, 2026

Securities registered for trading

Class	Symbol	Exchange
Common Stock, $6.50 par value	AEP	The NASDAQ Stock Market LLC

From the cover page of the 10-K filed Feb 12, 2026 (Section 12(b) of the Exchange Act).²³

Risk factors and legal proceedings

The risks American Electric Power names in Item 1A of its 10-K filed Feb 12, 2026: 44 risks under these headings, as written.²³

AEP may not be able to recover the costs of substantial planned investment in capital improvements and additions. (Applies to all Registrants)
The business and capital investment plans of AEP depend, in part, on the continued growth and viability of data centers and large load customers interconnecting with the AEP System. (Applies to all Registrants)
The business and capital investment plans of AEP are subject to execution risks. (Applies to all Registrants)
Regulated electric revenues and earnings are dependent on federal and state regulations that may limit AEP’s ability to recover costs and other amounts. (Applies to all Registrants)
Regulated electric revenues and earnings are subject to prudency review. (Applies to all Registrants)
Regulatory bodies may not allow recovery of costs incurred on a timely basis. (Applies to all Registrants)
AEP is subject to negative publicity. (Applies to all Registrants)
AEP’s transmission investment strategy and execution are dependent on federal and state regulatory policy and implementation by RTOs. (Applies to all Registrants)
Certain elements of AEP’s transmission formula rates have been challenged, which could result in lowered rates and/or refunds of amounts previously collected. (Applies to all Registrants other than AEP Texas)
AEP faces risks related to project siting, financing, construction, permitting, governmental approvals and the negotiation of project development agreements that may impede their development and operating activities. (Applies to all Registrants)
Changes in technology and regulatory policies may lower the value of electric utility facilities and franchises. (Applies to all Registrants)
AEP is exposed to nuclear generation risk. (Applies to AEP and I&M)

The other 32 risks

AEP subsidiaries are exposed to risks through participation in the market and transmission structures in various regional power markets that are beyond their control. (Applies to all Registrants)
AEP could be subject to higher costs and/or penalties related to mandatory reliability standards. (Applies to all Registrants)
A substantial portion of the receivables of AEP Texas is concentrated in a small number of REPs, and any delay or default in payment could adversely affect its cash flows, financial condition and results of operations. (Applies to AEP and AEP Texas)
RISKS RELATED TO MARKET, ECONOMIC OR FINANCIAL VOLATILITY AND OTHER RISKS
AEP’s financial performance may be adversely affected if AEP is unable to successfully operate facilities or perform certain corporate functions. (Applies to all Registrants)
Physical attacks or hostile cyber intrusions could severely impair operations, lead to the disclosure of confidential information and damage AEP’s reputation. (Applies to all Registrants)
The failure of AEP or third-party vendor information technology systems, or the failure to enhance existing information technology systems and implement new technology, could adversely affect AEP. (Applies to all Registrants)
The amount of taxes imposed on AEP could change. (Applies to all Registrants)
Changes in U.S. or foreign trade policies, including the imposition of tariffs and other protectionist trade measures, and other factors beyond AEP’s control may adversely impact future net income and cash flows and financial condition.
If AEP is unable to access capital markets or insurance markets on reasonable terms, for any reason, including negative publicity, it could reduce future net income and cash flows and negatively impact financial condition. (Applies to all Registrants)
Shareholder activism could cause AEP to incur significant expense, hinder execution of AEP’s business strategy and impact AEP’s stock price. (Applies to all Registrants)
Downgrades in AEP’s credit ratings could negatively affect its ability to access capital. (Applies to all Registrants)
AEP and AEPTCo have no income or cash flow apart from dividends paid or other payments due from their subsidiaries. (Applies to AEP and AEPTCo)
Volatility in the securities markets, interest rates, and other factors could substantially increase defined benefit pension and other postretirement plan costs and the costs of nuclear decommissioning. (Applies to all Registrants and to AEP and I&M with respect to the costs of nuclear decommissioning)
Supply chain disruptions, tariffs and inflation could negatively impact operations and corporate strategy. (Applies to all Registrants)
AEP’s results of operations and cash flows may be negatively affected by a lack of growth or slower growth in the number of customers, a decline in customer demand or a recession. (Applies to all Registrants)
Failure to attract and retain an appropriately qualified workforce and management could harm results of operations. (Applies to all Registrants)
Changes in the price of purchased power and commodities, the cost of procuring fuel, emission allowances for criteria pollutants and the costs of transport may increase AEP’s cost of purchasing and producing power, impacting financial performance. (Applies to all Registrants except AEP Texas, AEPTCo and OPCo)
AEP is subject to physical and financial risks associated with climate change. (Applies to all Registrants)
The occurrence of one or more wildfires could cause tremendous loss, impact the market value and credit ratings of Registrants’ securities and have a material adverse effect on Registrants’ financial condition. (Applies to all Registrants)
The generation, transmission and distribution of electricity are dangerous and involve inherent risks of damage to private property and injury to AEP’s workforce and the general public. (Applies to all Registrants)
Adverse outcomes in AEP’s material legal proceedings could materially and adversely affect AEP’s results of operations and financial condition. (Applies to all Registrants)
Disruptions at power generation facilities owned by third-parties could interrupt the sales of transmission and distribution services. (Applies to AEP, AEP Texas and OPCo)
Most of the real property rights on which the assets of AEPTCo are situated result from affiliate license agreements and are dependent on the terms of the underlying easements and other rights of its affiliates. (Applies to AEPTCo)
Compliance with legislative and regulatory requirements may lead to increased costs and result in penalties. (Applies to all Registrants)
RISKS RELATED TO OWNING AND OPERATING GENERATION ASSETS AND SELLING POWER
Costs of compliance with existing and evolving environmental laws are significant. (Applies to all Registrants except AEPTCo)
Regulation of GHG emissions could materially increase costs to AEP and its customers or cause some electric generating units to be uneconomical to operate or maintain. (Applies to all Registrants except AEP Texas, AEPTCo and OPCo)
AEP may be unable to procure or construct generation capacity when needed or to recover the costs of such generation capacity. (Applies to all Registrants except AEP Texas, AEPTCo and OPCo)
Courts adjudicating nuisance and other similar claims in the future may order AEP to pay damages or to limit or reduce emissions. (Applies to all Registrants except AEP Texas and AEPTCo)
Commodity trading and marketing activities are subject to inherent risks which can be reduced and controlled but not eliminated. (Applies to all Registrants except AEP Texas, AEPTCo and OPCo)
Parties with whom AEP has contracts may fail to perform their obligations, which could harm AEP’s results of operations. (Applies to all Registrants)
AEP relies on electric transmission facilities that AEP does not own or control. If these facilities do not provide AEP with adequate transmission capacity, AEP may not be able to deliver wholesale electric power to the purchasers of AEP’s power. (Applies to all Registrants)
OVEC may require additional liquidity and other capital support. (Applies to AEP, APCo, I&M and OPCo)

Legal proceedings

For a discussion of material legal proceedings, see Note 6 - Commitments, Guarantees and Contingencies for additional information.

The opening of Item 3, Legal Proceedings.²³

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataAmerican Electric Power on Wikidata
2
SEC EDGARAmerican Electric Power filings on SEC EDGAR
3
WikipediaAmerican Electric Power on Wikipedia
4
GLEIFAmerican Electric Power LEI record (1B4S6S7G0TW5EE83BO58)
5
Yahoo FinanceAEP quote
6
Wikimedia CommonsAmerican Electric Power logo by American Electric Power, Public domain
7
SEC EDGARAmerican Electric Power 10-K for fiscal 2025
8
SEC EDGARAmerican Electric Power filings on SEC EDGAR
9
WikipediaAmerican Electric Power on Wikipedia (revision used)
10
GLEIFAEP Texas Inc.: LEI record
11
GLEIFAEP ENERGY, INC.: LEI record
12
GLEIFAEP Transmission Company, LLC: LEI record
13
Wikimedia CommonsAmerican Electric Power photo by Ɱ, CC BY-SA 4.0
14
SEC EDGARAmerican Electric Power 10-K for fiscal 2018
15
SEC EDGARAmerican Electric Power 10-K for fiscal 2019
16
SEC EDGARAmerican Electric Power 10-K for fiscal 2020
17
SEC EDGARAmerican Electric Power 10-K for fiscal 2021
18
SEC EDGARAmerican Electric Power 10-K for fiscal 2022
19
SEC EDGARAmerican Electric Power 10-Q for fiscal 2025
20
SEC EDGARAmerican Electric Power 10-Q for fiscal 2025
21
SEC EDGARAmerican Electric Power 10-Q for fiscal 2026
22
SEC EDGARAmerican Electric Power 10-K for fiscal 2018
23
SEC EDGARAmerican Electric Power 10-K filed Feb 12, 2026: Item 2, Properties
24
SEC EDGARBenjamin G. S. Fowke Iii., Chief executive officer
25
SEC EDGARWilliam Fehrman, Chief executive officer
26
SEC EDGARJulia A. Sloat, Chief executive officer
27
SEC EDGARNicholas K. Akins, Chief executive officer
28
SEC EDGARMichael G. Morris, Chief executive officer
29
SEC EDGARNicholas K. Akins, Chair
30
SEC EDGARMichael G. Morris, Chair
31
SEC EDGARE. Linn Draper Jr., Chair
32
SEC EDGARAlicia R. Knapp, President
33
SEC EDGARDouglas A. Cannon, President
34
SEC EDGARNicholas K. Akins, President
35
SEC EDGARSusan Tomasky, President
36
SEC EDGARRobert P. Powers, President
37
SEC EDGARCarl L. English, President
38
SEC EDGARTrevor I. Mihalik, Chief financial officer
39
SEC EDGARCharles E. Zebula, Chief financial officer
40
SEC EDGARAnn P. Kelly, Chief financial officer
41
SEC EDGARJulia A. Sloat, Chief financial officer
42
SEC EDGARHolly K. Koeppel, Chief financial officer
43
SEC EDGARSusan Tomasky, Chief financial officer
44
SEC EDGARLisa M. Barton, Chief operating officer
45
SEC EDGARRobert P. Powers, Chief operating officer
46
SEC EDGARDouglas A. Cannon, Executive Vice President
47
SEC EDGARRobert Berntsen, Executive Vice President
48
SEC EDGARJohannes G. Eckert, Executive Vice President
49
SEC EDGARAlicia R. Knapp, Executive Vice President
50
SEC EDGARBenjamin G. S. Fowke Iii., Senior Advisor
51
SEC EDGARQuinton S. Lies, Executive Vice President
52
SEC EDGARKelly J. Ferneau, Executive Vice President
53
SEC EDGARAntonio P. Smyth, Executive Vice President
54
SEC EDGARKate Dixon, Controller, CAO
55
SEC EDGARRaja Sundararajan, Executive Vice President
56
SEC EDGARChristian T. Beam, Executive Vice President
57
SEC EDGARPeggy Simmons, Executive Vice President
58
SEC EDGARTherace Risch, Senior Vice President
59
SEC EDGARGreg B. Hall, Executive Vice President
60
SEC EDGARPaul Chodak Iii., Executive Vice President
61
SEC EDGARCharles E. Zebula, Executive Vice President
62
SEC EDGARDennis E. Welch, Executive Vice President
63
SEC EDGARLisa M. Barton, Executive Vice President
64
SEC EDGARMark C. McCullough, Executive Vice President
65
SEC EDGARLana L. Hillebrand, Senior VP, Chief Admin Officer
66
SEC EDGARCarl L. English, Vice chair
67
SEC EDGARD. Michael Miller, Senior Vice President
68
SEC EDGARCharles R. Patton, EVP
69
SEC EDGARRichard E. Munczinski, SVP of AEPSC (Subsidiary)
70
SEC EDGARNicholas K. Akins, Executive Vice President
71
SEC EDGARSusan Tomasky, Executive Vice President
72
SEC EDGARVenita McCellon-Allen, SVP of AEPSC (Subsidiary)
73
SEC EDGARCoulter R. Boyle, Senior Vice President
74
SEC EDGARJohn B. Keane, SVP, GC, Secretary
75
SEC EDGARHenry W. Fayne, Vice President
76
SEC EDGARHolly K. Koeppel, EVP of AEPSC (subsidiary)
77
SEC EDGARJospeh M. Buonaiuto, Controller, Chief Actg Officer
78
SEC EDGARRobert P. Powers, EVP of AEPSC (subsidiary)
79
SEC EDGARThomas M. Hagan, EVP of AEPSC (subsidiary)
80
SEC EDGARThomas Shockley V. Iii., Vice chair
81
SEC EDGARCharles J. Meyers, Board member
82
SEC EDGARDavid S. Marriott, Board member
83
SEC EDGARJoseph G. Sauvage, Board member
84
SEC EDGARHenry P. Linginfelter, Board member
85
SEC EDGARHunter Clark Gary, Board member
86
SEC EDGARDaniel G. Stoddard, Board member
87
SEC EDGARBenjamin G. S. Fowke Iii., Board member
88
SEC EDGARThaer Lewis Von, Board member
89
SEC EDGARDonna James, Board member
90
SEC EDGARDaryl Roberts, Board member
91
SEC EDGARMargaret M. McCarthy, Board member
92
SEC EDGARArt A. Garcia, Board member
93
SEC EDGARJ. Barnie Beasley, Board member
94
SEC EDGAROliver G. Richard Iii., Board member
95
SEC EDGARNicholas K. Akins, Board member
96
SEC EDGARSandra Beach Lin, Board member
97
SEC EDGARStephen S. Rasmussen, Board member
98
SEC EDGARJames F. Cordes, Board member
99
SEC EDGARJohn F. Turner, Board member
100
SEC EDGARThomas E. Hoaglin, Board member
101
SEC EDGARRalph D. Crosby Jr., Board member
102
SEC EDGARLinda Goodspeed, Board member
103
SEC EDGARDonald M. Carlton, Board member
104
SEC EDGARJohn P. Desbarres, Board member
105
SEC EDGARLinda G. Stuntz, Board member
106
SEC EDGARLionel Nowell, Board member
107
SEC EDGARDonald G. Smith, Board member
108
SEC EDGARKathryn D. Sullivan, Board member
109
SEC EDGARLeonard J. Kujawa, Board member
110
SEC EDGARRichard L. Sandor, Board member
111
SEC EDGARWilliam R. Howell, Board member
112
SEC EDGARLester A. Hudson Jr., Board member
113
SEC EDGARRobert W. Fri, Board member
114
SEC EDGARE. R. Brooks, Board member
115
SEC EDGARExecutive or director change
116
SEC EDGARResults of operations
117
SEC EDGARExecutive or director change
118
SEC EDGAREntered a material agreement; Other events
119
SEC EDGARResults of operations
120
SEC EDGARShareholder vote
121
SEC EDGARExecutive or director change
122
SEC EDGARResults of operations
123
SEC EDGAROther events
124
SEC EDGARBylaws or fiscal year changed
125
SEC EDGARExecutive or director change
126
SEC EDGAROther events
127
NasdaqNasdaq calendar
128
SEC EDGARAmerican Electric Power 8-K, Item 2.02 (results of operations)
129
SEC EDGARAmerican Electric Power 8-K, Item 2.02 (results of operations)
130
SEC EDGARAmerican Electric Power 8-K, Item 2.02 (results of operations)
131
SEC EDGARAmerican Electric Power 8-K, Item 2.02 (results of operations)
132
SEC EDGARAmerican Electric Power 8-K, Item 2.02 (results of operations)
133
SEC EDGARVANGUARD CAPITAL MANAGEMENT LLC SCHEDULE 13G on American Electric Power
134
SEC EDGARVANGUARD GROUP INC SCHEDULE 13G/A on American Electric Power
135
SEC EDGARBlackRock SCHEDULE 13G/A on American Electric Power
136
SEC EDGARWellington Management Company SC 13G/A on American Electric Power
137
SEC EDGARState Street Corporation SC 13G/A on American Electric Power
138
SEC EDGARPRICE T ROWE ASSOCIATES INC /MD/ SC 13G/A on American Electric Power
139
SEC EDGARAmerican Electric Power proxy statement (DEF 14A), 2025 pay

Overview

Financials

Key numbers, fiscal 2025

What sells

Products and services

Business segments

Where the money goes

Where each dollar of revenue went, fiscal 2025

Where each dollar of operating cash went, fiscal 2025

Financial statements

Corporate structure

What it owns

Property and equipment

Investments

Intangibles and goodwill

Inventory

Properties, in its own words

Stakes and holdings (Wikidata)

The story

Acquisitions

Leadership

Chief executive

Chair

President

Chief financial officer

Chief operating officer

Products and brands

Subsidiaries

Ohio Power Company

AEP Texas

Appalachian Power

Indiana Michigan Power

Kentucky Power

Public Service Company of Oklahoma (PSO)

Southwestern Electric Power Company

Other subsidiaries

Hybrid technology

Subsidiaries and ownership

Subsidiaries

Also owns

Subsidiaries (GLEIF)

Also consolidated

Acquisitions

Former names

Controversies and legal

Justice Department lawsuit

Timeline

Calendar

Coming up

When it reported results

Filings

Insider trades

Major holders

Executive pay

Held by these funds

Members of Congress who traded it

SEC filer profile

Securities registered for trading

Risk factors and legal proceedings

Legal proceedings

Links

Sources