AEP Energy

 

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COMPANY INFO
  • Type: Public (NYSE:AEP)
  • Founded: 1906
  • Headquartered: Columbus, OH
  • Parent Company:
  • Status:
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    AEP Energy's mission to "help customers use less energy and spend less for it" has made them one of the fastest-growing energy suppliers in the United States, repeatedly recognized by Inc. Magazine on its annual Inc. 500 list of fastest-growing companies. AEP Energy, founded in 2002, delivers value to its customers in a variety of ways. AEP Energy operates as two business units – one providing energy supply, and one providing energy management. The energy supply unit provides residential, commercial, and industrial with retail electricity supply. The energy management unit provides energy efficiency, demand response, and distributed generation.

    AEP Energy is owned by American Electric Power (AEP). AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio.

    AEP is publicly traded on the New York Stock Exchange (NYSE) under the symbol “AEP”.

    Facts at a Glance:

  • 2011 ongoing earnings: $1.504 billion
  • 2011 ongoing earnings per share: $3.12
  • 2011 Revenues: $15.1 billion
  • Assets: $52.2 billion
  • Employees: approximately 19,000
  • AEP Energy's mission to "help customers use less energy and spend less for it" has made them one of the fastest-growing energy suppliers in the United States, repeatedly recognized by Inc. Magazine on its annual Inc. 500 list of fastest-growing companies. AEP Energy, founded in 2002, delivers value to its customers in a variety of ways. AEP Energy operates as two business units – one providing energy supply, and one providing energy management. The energy supply unit provides residential, commercial, and industrial with retail electricity supply. The energy management unit provides energy efficiency, demand response, and distributed generation.

    AEP Energy is owned by American Electric Power (AEP). AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's headquarters are in Columbus, Ohio.

    AEP is publicly traded on the New York Stock Exchange (NYSE) under the symbol “AEP”.

    Facts at a Glance:

  • 2011 ongoing earnings: $1.504 billion
  • 2011 ongoing earnings per share: $3.12
  • 2011 Revenues: $15.1 billion
  • Assets: $52.2 billion
  • Employees: approximately 19,000
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    Markets Served

    • Illinois
    • Ohio
    • Pennsylvania

    Sister companies