Columbus, OH-based American Electric Power Company, Inc. is a public utility holding company, which, through directly and indirectly owned subsidiaries, generates, transmits and distributes electricity, natural gas and other commodities. The company was incorporated in 1906. It is one of the largest integrated utilities in the United States, serving more than 5.4 million customers in 11 states. It has roughly 25,400 MW of generating capacity, of which almost 52% are coal-fired as of Sep 30 and nearly 40,000 miles of electricity transmission system network. Its service area covers Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Approximately 70% of the company’s power is generated from coal and lignite, 17% from nuclear energy, 12% from natural gas and oil, and the remaining 1% from wind, water, pumped storage and other sources. The company mainly operates under the following business segments:
Vertically Integrated Utility Operations: Revenues during 2019 came in at $9,367.1 million, contributing 60.2% to the company’s total revenues.
Transmission & Distribution Utilities: Revenues during 2019 came in at $4,482.5 million, contributing 28.8% to the company’s total revenues.
AEP Transmission Holdco: Revenues during 2019 came in at $1,073.2 million, contributing 6.9% to the company’s total revenues.
Generation and Marketing: Revenues during 2019 came in at $1,857.6 million, contributing 11.9% to the company’s total revenues.
Total revenues included corporate and other revenues of $95.8 million. Expenditures totaled $1,314.8 million. Its public utility subsidiaries are Appalachian Power Company (APCo), Indiana Michigan Power Company (I&M), Kentucky Power Company (KPCo), Kingsport Power Company (KGPCo), Ohio Power Company (OPCo), Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCo), AEP Texas Central Company (TCC), AEP Texas North Company (TNC), Wheeling Power Company (WPCo), AEP Generating Company (AEGCo) and AEP Transmission Holding.