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Profile: American Electric Power Company Inc (AEP)

AEP on New York Consolidated

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9 Dec 2016
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American Electric Power Company, Inc. (AEP), incorporated on December 20, 1906, 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 the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The public utility subsidiaries of AEP provide electric service, consisting of generation, transmission and distribution, on an integrated basis to retail customers. The Company's segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

Vertically Integrated Utilities

AEP's vertically integrated utility operations are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by AEP Generating Company (AEGCo), Appalachian Power Company (APCo), Indiana Michigan Power Company (I&M), Kingsport Power Company (KGPCo), Kentucky Power Company (KPCo), Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCo) and Wheeling Power Company (WPCo). AEP's vertically integrated public utility subsidiaries own or lease approximately 23,600 megawatts (MW) of domestic generation.

AEGCo is an electric generating company. AEGCo owns approximately 2,500 MW of generating capacity. AEGCo sells power at wholesale to AEP Generation Resources Inc. (AGR), I&M and KPCo. APCo is engaged in the generation, transmission and distribution of electric power to approximately 957,000 retail customers in the southwestern portion of Virginia and southern West Virginia, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants. APCo owns over 6,650 MW of generating capacity. The principal industries served by APCo include paper, rubber, coal mining, textile mill products and stone, clay and glass products.

I&M is engaged in the generation, transmission and distribution of electric power to approximately 588,000 retail customers in northern and eastern Indiana and southwestern Michigan, and in supplying and marketing electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities and other market participants. I&M owns or leases approximately 3,520 MW of generating capacity, which it uses to serve its retail and other customers. The principal industries served include metals, transportation equipment, electrical and electronic machinery, fabricated metal products, rubber and chemicals and allied products, rubber products and transportation equipment.

KGPCo provides electric service to approximately 47,000 retail customers in Kingsport and over eight neighboring communities in northeastern Tennessee. KGPCo does not own any generating facilities. KPCo is engaged in the generation, transmission and distribution of electric power to approximately 170,000 retail customers in eastern Kentucky, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants. KPCo owns over 1,060 MW of generating capacity. KPCo uses its generation to serve its retail and other customers. The principal industries served include petroleum refining, coal mining and chemical production.

PSO is engaged in the generation, transmission and distribution of electric power to approximately 545,000 retail customers in eastern and southwestern Oklahoma, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants. PSO owns over 4,430 MW of generating capacity, which it uses to serve its retail and other customers. The principal industries served by PSO include paper manufacturing and timber products, natural gas and oil extraction, transportation, non-metallic mineral production, oil refining and steel processing.

SWEPCo is engaged in the generation, transmission and distribution of electric power to approximately 531,000 retail customers in northeastern and panhandle of Texas, northwestern Louisiana and western Arkansas and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives and other market participants. SWEPCo owns over 5,800 MW of generating capacity, which it uses to serve its retail and other customers. The principal industries served by SWEPCo include natural gas and oil production, petroleum refining, manufacturing of pulp and paper, chemicals, food processing and metal refining. The territory served by SWEPCo also includes several military installations, colleges and universities. SWEPCo also owns and operates a lignite coal mining operation. WPCo provides electric service to approximately 41,000 retail customers in northern West Virginia.

Transmission and Distribution Utilities

The Company's Transmission and Distribution Utilities segment consists of the transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by Ohio Power Company (OPCo), AEP Texas Central Company (TCC) and AEP Texas North Company (TNC). OPCo is engaged in the transmission and distribution of electric power to approximately 1,468,000 retail customers in Ohio. OPCo purchases energy and capacity to serve generation service customers. The principal industries served by OPCo include metals, chemicals and allied products, health services, electronic machinery, petroleum refining, and rubber and plastic products. TCC is engaged in the transmission and distribution of electric power to approximately 826,000 retail customers through Texas Retail Electric Providers (REPs) in southern Texas. The principal industries served by TCC include chemical and petroleum refining, chemicals and allied products, oil and natural gas extraction, food processing, metal refining, plastics and machinery equipment. TNC is engaged in the transmission and distribution of electric power to approximately 189,000 retail customers through REPs in west and central Texas. The principal industries served by TNC include petroleum refining, agriculture and the manufacturing or processing of cotton seed products, oil products, precision and consumer metal products, meat products and gypsum products.

AEP Transmission Holdco

The Company's AEP Transmission Holdco segment is engaged in the development, construction and operation of transmission facilities through investments in AEP's transmission only subsidiaries and transmission only joint ventures. AEP Transmission Holding Company, LLC (AEPTHCo) also owns AEP Transmission Company, LLC (AEPTCo), a holding company for approximately seven transmission-only electric utilities, each of which is geographically aligned with AEP's existing utility operating companies. The transmission companies develop and own new transmission assets that are physically connected to the AEP System.

Generation & Marketing

The Company's Generation & Marketing segment's subsidiaries consist of nonutility generating assets, a wholesale energy trading and marketing business and a retail supply and energy management business. AEP Generation Resources Inc., (AGR), the Company's subsidiary, is a generation company that generates power and sells it into the market. AGR also engages in power trading activities. AGR owns approximately 6,750 MW of generating capacity. The segment is engaged in non-regulated generation in Electric Reliability Council of Texas regional transmission organization (ERCOT) and Pennsylvania-New Jersey-Maryland regional transmission organization (PJM). It is also engaged in providing marketing, risk management and retail activities in ERCOT, PJM, Southwest Power Pool regional transmission organization (SPP) and Midwest Independent Transmission System Operator (MISO).

Company Address

American Electric Power Company Inc

1 Riverside Plz
COLUMBUS   OH   43215-2355
P: +1614.7161000

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