American Electric Power (NASDAQ:AEP) (NASDAQ:AEP) is a regulated electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and other customers. Through its operating companies, AEP owns and manages a diverse portfolio of power plants, electric distribution systems and one of the largest transmission networks in the United States.
AEP serves customers across parts of 11 states, including Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Its principal operating utilities include AEP Ohio, Appalachian Power, Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, Southwestern Electric Power Company and AEP Texas. The company also operates wholesale and renewable energy businesses alongside its regulated utility operations.
Founded in 1906 as American Gas and Electric Company, the organization adopted the American Electric Power name in 1958. Today, AEP is headquartered in Columbus, Ohio, and focuses on maintaining reliable electric service while modernizing its transmission and distribution infrastructure and transitioning its generation portfolio toward lower-carbon energy sources.
