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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash to Debt 0.02
AEP's Cash to Debt is ranked lower than
91% of the 626 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.29 vs. AEP: 0.02 )
Ranked among companies with meaningful Cash to Debt only.
AEP' s Cash to Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.03 Max: 0.16
Current: 0.02
0.01
0.16
Equity to Asset 0.29
AEP's Equity to Asset is ranked lower than
65% of the 638 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.35 vs. AEP: 0.29 )
Ranked among companies with meaningful Equity to Asset only.
AEP' s Equity to Asset Range Over the Past 10 Years
Min: 0.15  Med: 0.26 Max: 0.33
Current: 0.29
0.15
0.33
Interest Coverage 3.57
AEP's Interest Coverage is ranked lower than
56% of the 512 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.12 vs. AEP: 3.57 )
Ranked among companies with meaningful Interest Coverage only.
AEP' s Interest Coverage Range Over the Past 10 Years
Min: 2.58  Med: 2.88 Max: 3.81
Current: 3.57
2.58
3.81
F-Score: 5
Z-Score: 0.99
WACC vs ROIC
3.20%
5.45%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 19.51
AEP's Operating margin (%) is ranked higher than
69% of the 645 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 12.44 vs. AEP: 19.51 )
Ranked among companies with meaningful Operating margin (%) only.
AEP' s Operating margin (%) Range Over the Past 10 Years
Min: 15.03  Med: 18.53 Max: 20.54
Current: 19.51
15.03
20.54
Net-margin (%) 11.97
AEP's Net-margin (%) is ranked higher than
69% of the 645 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 7.40 vs. AEP: 11.97 )
Ranked among companies with meaningful Net-margin (%) only.
AEP' s Net-margin (%) Range Over the Past 10 Years
Min: 7.94  Med: 9.58 Max: 12.87
Current: 11.97
7.94
12.87
ROE (%) 10.86
AEP's ROE (%) is ranked higher than
64% of the 638 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 8.53 vs. AEP: 10.86 )
Ranked among companies with meaningful ROE (%) only.
AEP' s ROE (%) Range Over the Past 10 Years
Min: 8.42  Med: 11.00 Max: 13.72
Current: 10.86
8.42
13.72
ROA (%) 3.13
AEP's ROA (%) is ranked higher than
54% of the 656 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.93 vs. AEP: 3.13 )
Ranked among companies with meaningful ROA (%) only.
AEP' s ROA (%) Range Over the Past 10 Years
Min: 2.36  Med: 2.80 Max: 3.79
Current: 3.13
2.36
3.79
ROC (Joel Greenblatt) (%) 7.20
AEP's ROC (Joel Greenblatt) (%) is ranked lower than
63% of the 649 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 9.71 vs. AEP: 7.20 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
AEP' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 7.38  Med: 8.31 Max: 9.45
Current: 7.2
7.38
9.45
Revenue Growth (3Y)(%) 2.90
AEP's Revenue Growth (3Y)(%) is ranked higher than
52% of the 559 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.60 vs. AEP: 2.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
AEP' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -42.9  Med: -2.00 Max: 78.9
Current: 2.9
-42.9
78.9
EBITDA Growth (3Y)(%) 4.80
AEP's EBITDA Growth (3Y)(%) is ranked higher than
56% of the 516 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.60 vs. AEP: 4.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
AEP' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -18.1  Med: 1.30 Max: 12.1
Current: 4.8
-18.1
12.1
EPS Growth (3Y)(%) 11.40
AEP's EPS Growth (3Y)(%) is ranked higher than
66% of the 461 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.60 vs. AEP: 11.40 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
AEP' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -44.9  Med: 0.10 Max: 34.9
Current: 11.4
-44.9
34.9
» AEP's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-07-23)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2015

AEP Guru Trades in Q1 2015

Paul Tudor Jones 7,723 sh (New)
Ray Dalio 31,116 sh (New)
David Dreman 3,165 sh (+9.59%)
Pioneer Investments 2,690,292 sh (+7.72%)
Ruane Cunniff 15,485 sh (+1.21%)
John Hussman 40,000 sh (unchged)
Jim Simons 1,064,300 sh (-0.76%)
Mario Gabelli 12,950 sh (-18.81%)
» More
Q2 2015

AEP Guru Trades in Q2 2015

David Dreman 15,441 sh (+387.87%)
Ray Dalio 94,416 sh (+203.43%)
Paul Tudor Jones 12,972 sh (+67.97%)
Jim Simons 1,284,500 sh (+20.69%)
Ruane Cunniff 15,485 sh (unchged)
John Hussman 40,000 sh (unchged)
Mario Gabelli 12,350 sh (-4.63%)
Pioneer Investments 2,348,315 sh (-12.71%)
» More
Q3 2015

AEP Guru Trades in Q3 2015

Pioneer Investments 5,161,654 sh (+119.80%)
Paul Tudor Jones 16,600 sh (+27.97%)
Jim Simons 1,314,014 sh (+2.30%)
Ruane Cunniff 15,485 sh (unchged)
Mario Gabelli 11,350 sh (-8.10%)
Ray Dalio 16,616 sh (-82.40%)
David Dreman 2,467 sh (-84.02%)
John Hussman 1,000 sh (-97.50%)
» More
Q4 2015

AEP Guru Trades in Q4 2015

Pioneer Investments 5,833,689 sh (+13.02%)
Jim Simons 1,420,000 sh (+8.07%)
Paul Tudor Jones 6,400 sh (unchged)
John Hussman 1,000 sh (unchged)
Ruane Cunniff 15,485 sh (unchged)
Ray Dalio Sold Out
Mario Gabelli 7,350 sh (-35.24%)
Paul Tudor Jones 8,000 sh (-51.81%)
David Dreman 947 sh (-61.61%)
» More
» Details

Insider Trades

Latest Guru Trades with AEP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on American Electric Power Co Inc

Mario Gabelli Comments on American Electric Power Company Inc. - Nov 11, 2015

American Electric Power Company Inc. (NYSE:AEP) (2.1%) (AEP – $56.86 – NYSE) is one of the nation’s largest electric utilities. It serves more than 5.4 million retail customers in eleven states (Ohio and Texas are the largest), owns approximately 32,000 MW of generating capacity, 40,000 miles of transmission lines (the nation’s largest), and 221,000 miles of distribution lines. AEP is focused on becoming a premier regulated utility, and it plans to invest $12 billion over the 2015-2017 time period in regulated assets, driving 7.5% CAGR in net regulated plant. Management expects 4% - 6% annual earnings growth, driven by a recovering economy, cost controls, and rate recovery of capital investment. Some of the growth will come from AEP Transco, a transmission development subsidiary that contributed $0.31 per AEP share in 2014, which plans to grow its total capital investment to $6.4 billion-$8.2 billion and generate $0.67-$0.81 per share by 2018. AEP also currently pays roughly 60% of earnings to shareholders in the form of dividends, and expects to increase the payout to 60%-70%.





From Mario Gabelli (Trades, Portfolio)'s Gabelli Industrials Fund shareholder commentary for third quarter 2015.



Check out Mario Gabelli latest stock trades

Top Ranked Articles about American Electric Power Co Inc

Mario Gabelli Comments on American Electric Power Company Inc. Guru stock highlight
American Electric Power Company Inc. (NYSE:AEP) (2.1%) (AEP – $56.86 – NYSE) is one of the nation’s largest electric utilities. It serves more than 5.4 million retail customers in eleven states (Ohio and Texas are the largest), owns approximately 32,000 MW of generating capacity, 40,000 miles of transmission lines (the nation’s largest), and 221,000 miles of distribution lines. AEP is focused on becoming a premier regulated utility, and it plans to invest $12 billion over the 2015-2017 time period in regulated assets, driving 7.5% CAGR in net regulated plant. Management expects 4% - 6% annual earnings growth, driven by a recovering economy, cost controls, and rate recovery of capital investment. Some of the growth will come from AEP Transco, a transmission development subsidiary that contributed $0.31 per AEP share in 2014, which plans to grow its total capital investment to $6.4 billion-$8.2 billion and generate $0.67-$0.81 per share by 2018. AEP also currently pays roughly 60% of earnings to shareholders in the form of dividends, and expects to increase the payout to 60%-70%. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 16.41
AEP's P/E(ttm) is ranked higher than
52% of the 543 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 16.85 vs. AEP: 16.41 )
Ranked among companies with meaningful P/E(ttm) only.
AEP' s P/E(ttm) Range Over the Past 10 Years
Min: 7.72  Med: 14.55 Max: 24.6
Current: 16.41
7.72
24.6
Forward P/E 16.21
AEP's Forward P/E is ranked higher than
61% of the 127 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.06 vs. AEP: 16.21 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 19.20
AEP's PE(NRI) is ranked lower than
57% of the 542 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 17.00 vs. AEP: 19.20 )
Ranked among companies with meaningful PE(NRI) only.
AEP' s PE(NRI) Range Over the Past 10 Years
Min: 7.84  Med: 14.81 Max: 24.76
Current: 19.2
7.84
24.76
Price/Owner Earnings (ttm) 39.17
AEP's Price/Owner Earnings (ttm) is ranked lower than
68% of the 265 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 19.46 vs. AEP: 39.17 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
AEP' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 8.57  Med: 20.19 Max: 229.36
Current: 39.17
8.57
229.36
P/B 1.72
AEP's P/B is ranked lower than
56% of the 628 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.52 vs. AEP: 1.72 )
Ranked among companies with meaningful P/B only.
AEP' s P/B Range Over the Past 10 Years
Min: 1  Med: 1.46 Max: 2.11
Current: 1.72
1
2.11
P/S 1.96
AEP's P/S is ranked lower than
58% of the 626 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.50 vs. AEP: 1.96 )
Ranked among companies with meaningful P/S only.
AEP' s P/S Range Over the Past 10 Years
Min: 0.7  Med: 1.27 Max: 2.05
Current: 1.96
0.7
2.05
POCF 7.38
AEP's POCF is ranked lower than
53% of the 393 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 6.77 vs. AEP: 7.38 )
Ranked among companies with meaningful POCF only.
AEP' s POCF Range Over the Past 10 Years
Min: 4  Med: 6.03 Max: 8.88
Current: 7.38
4
8.88
EV-to-EBIT 15.86
AEP's EV-to-EBIT is ranked lower than
56% of the 550 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 14.54 vs. AEP: 15.86 )
Ranked among companies with meaningful EV-to-EBIT only.
AEP' s EV-to-EBIT Range Over the Past 10 Years
Min: 9.3  Med: 13.00 Max: 16.9
Current: 15.86
9.3
16.9
EV-to-EBITDA 9.69
AEP's EV-to-EBITDA is ranked higher than
54% of the 577 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 10.02 vs. AEP: 9.69 )
Ranked among companies with meaningful EV-to-EBITDA only.
AEP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.1  Med: 7.90 Max: 9.9
Current: 9.69
6.1
9.9
PEG 7.60
AEP's PEG is ranked lower than
78% of the 261 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.66 vs. AEP: 7.60 )
Ranked among companies with meaningful PEG only.
AEP' s PEG Range Over the Past 10 Years
Min: 0.75  Med: 4.97 Max: 389
Current: 7.6
0.75
389
Shiller P/E 19.33
AEP's Shiller P/E is ranked higher than
71% of the 203 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 23.70 vs. AEP: 19.33 )
Ranked among companies with meaningful Shiller P/E only.
AEP' s Shiller P/E Range Over the Past 10 Years
Min: 10.57  Med: 16.19 Max: 20.48
Current: 19.33
10.57
20.48
Current Ratio 0.57
AEP's Current Ratio is ranked lower than
86% of the 637 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.07 vs. AEP: 0.57 )
Ranked among companies with meaningful Current Ratio only.
AEP' s Current Ratio Range Over the Past 10 Years
Min: 0.55  Med: 0.73 Max: 1.03
Current: 0.57
0.55
1.03
Quick Ratio 0.39
AEP's Quick Ratio is ranked lower than
91% of the 637 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.98 vs. AEP: 0.39 )
Ranked among companies with meaningful Quick Ratio only.
AEP' s Quick Ratio Range Over the Past 10 Years
Min: 0.38  Med: 0.55 Max: 0.83
Current: 0.39
0.38
0.83
Days Inventory 78.38
AEP's Days Inventory is ranked lower than
86% of the 566 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 22.76 vs. AEP: 78.38 )
Ranked among companies with meaningful Days Inventory only.
AEP' s Days Inventory Range Over the Past 10 Years
Min: 64.01  Med: 84.23 Max: 114.15
Current: 78.38
64.01
114.15
Days Sales Outstanding 35.49
AEP's Days Sales Outstanding is ranked higher than
69% of the 488 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 49.17 vs. AEP: 35.49 )
Ranked among companies with meaningful Days Sales Outstanding only.
AEP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 15.8  Med: 35.96 Max: 44.76
Current: 35.49
15.8
44.76
Days Payable 77.73
AEP's Days Payable is ranked higher than
58% of the 457 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 65.98 vs. AEP: 77.73 )
Ranked among companies with meaningful Days Payable only.
AEP' s Days Payable Range Over the Past 10 Years
Min: 71.22  Med: 82.69 Max: 106.23
Current: 77.73
71.22
106.23

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.40
AEP's Dividend Yield is ranked higher than
50% of the 898 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.42 vs. AEP: 3.40 )
Ranked among companies with meaningful Dividend Yield only.
AEP' s Dividend Yield Range Over the Past 10 Years
Min: 3.02  Med: 4.10 Max: 6.61
Current: 3.4
3.02
6.61
Dividend Payout 0.65
AEP's Dividend Payout is ranked lower than
55% of the 536 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 0.56 vs. AEP: 0.65 )
Ranked among companies with meaningful Dividend Payout only.
AEP' s Dividend Payout Range Over the Past 10 Years
Min: 0.23  Med: 0.63 Max: 11.75
Current: 0.65
0.23
11.75
Dividend Growth (3y) 4.60
AEP's Dividend Growth (3y) is ranked higher than
60% of the 340 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.20 vs. AEP: 4.60 )
Ranked among companies with meaningful Dividend Growth (3y) only.
AEP' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -16.4  Med: 2.70 Max: 4.9
Current: 4.6
-16.4
4.9
Forward Dividend Yield 3.53
AEP's Forward Dividend Yield is ranked higher than
50% of the 841 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 3.56 vs. AEP: 3.53 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 4.20
AEP's Yield on cost (5-Year) is ranked lower than
51% of the 916 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 4.12 vs. AEP: 4.20 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
AEP' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 3.73  Med: 5.06 Max: 8.16
Current: 4.2
3.73
8.16
3-Year Average Share Buyback Ratio -0.40
AEP's 3-Year Average Share Buyback Ratio is ranked higher than
72% of the 339 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: -2.40 vs. AEP: -0.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
AEP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -19.7  Med: -5.00 Max: -0.4
Current: -0.4
-19.7
-0.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.75
AEP's Price/Tangible Book is ranked higher than
54% of the 581 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.81 vs. AEP: 1.75 )
Ranked among companies with meaningful Price/Tangible Book only.
AEP' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.87  Med: 1.55 Max: 9.04
Current: 1.75
0.87
9.04
Price/Projected FCF 1.67
AEP's Price/Projected FCF is ranked lower than
56% of the 286 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.48 vs. AEP: 1.67 )
Ranked among companies with meaningful Price/Projected FCF only.
AEP' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.56  Med: 1.57 Max: 6.02
Current: 1.67
0.56
6.02
Price/Median PS Value 1.55
AEP's Price/Median PS Value is ranked lower than
78% of the 563 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.04 vs. AEP: 1.55 )
Ranked among companies with meaningful Price/Median PS Value only.
AEP' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.15  Med: 0.95 Max: 10.29
Current: 1.55
0.15
10.29
Price/Graham Number 1.22
AEP's Price/Graham Number is ranked higher than
55% of the 494 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 1.28 vs. AEP: 1.22 )
Ranked among companies with meaningful Price/Graham Number only.
AEP' s Price/Graham Number Range Over the Past 10 Years
Min: 0.62  Med: 1.02 Max: 2.77
Current: 1.22
0.62
2.77
Earnings Yield (Greenblatt) (%) 6.37
AEP's Earnings Yield (Greenblatt) (%) is ranked higher than
53% of the 637 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 6.20 vs. AEP: 6.37 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
AEP' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 5.9  Med: 7.70 Max: 10.7
Current: 6.37
5.9
10.7
Forward Rate of Return (Yacktman) (%) 3.41
AEP's Forward Rate of Return (Yacktman) (%) is ranked higher than
55% of the 361 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 2.65 vs. AEP: 3.41 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
AEP' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -9  Med: -1.65 Max: 8.1
Current: 3.41
-9
8.1

More Statistics

Revenue(Mil) $16033
EPS $ 3.92
Beta0.22
Short Percentage of Float1.41%
52-Week Range $52.29 - 67.19
Shares Outstanding(Mil)491.31

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 16,782 17,230 17,576
EPS($) 3.73 3.91 4.17
EPS without NRI($) 3.73 3.91 4.17

Business Description

Industry: Utilities - Regulated » Utilities - Regulated Electric
Compare:NYSE:DUK, NYSE:NEE, NYSE:SO, NYSE:KEP, NYSE:PCG » details
Traded in other countries:AEP.Germany,
American Electric Power Co Inc was incorporated under the laws of the State of New York in 1906 and reorganized in 1925. It is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The service areas of the Company's public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The transmission facilities of AEP's public utility subsidiaries are interconnected and their operations are coordinated. Transmission networks are interconnected with extensive distribution facilities in the territories served. The public utility subsidiaries of AEP have traditionally provided electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. Restructuring laws in Michigan, Ohio and the ERCOT area of Texas have caused AEP public utility subsidiaries in those states to unbundle previously integrated regulated rates for their retail customers. In Ohio, AEP's regulated utility recently separated its generation assets from its distribution and transmission assets. The Company's segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, Generation & Marketing, AEP Transmission Holdco and AEP River Operations. Generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by AEGCo, APCo, I&M, KGPCo, KPCo, PSO, SWEPCo and WPCo. Transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by OPCo, TCC and TNC. Nonregulated generation in ERCOT and PJM. Development, construction and operation of transmission facilities through investments in its wholly-owned transmission only subsidiaries and transmission only joint ventures. Commercial barging operations that transport liquid, coal and dry bulk commodities primarily on the Ohio, Illinois and lower Mississippi Rivers. TCC is engaged in the transmission and distribution of electric power to approximately 806,000 retail customers through REPs in southern Texas. TNC is engaged in the transmission and distribution of electric power to approximately 188,000 retail customers through REPs in west and central Texas. WPCo provides electric service to approximately 41,000 retail customers in northern West Virginia. AEP's subsidiaries are currently subject to regulation by federal, state and local authorities with regard to air and water-quality control and other environmental matters, and are subject to zoning and other regulation by local authorities.
» More Articles for AEP

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