American Electric Power

Stock Symbol: AEP

1 Riverside Plaza
Columbus, OH 43215
614-223-1000 (phone)
614-223-1823 (fax)

Website: AEP

Industry: Electric Utilities

Index Membership: Dow Jones Composite; Dow Utilites; S&P 100; S&P 500; S&P 1500 Super Comp
 
American Electric Power Description:
American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning more than 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. American Electric Power employs over 20,000 people.

American Electric Power Financial Summary:
American Electric Power (NYSE: AEP) today reported 2007 third-quarter earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $407 million, or $1.02 per share, compared with $265 million, or $0.67 per share, for third-quarter 2006. Ongoing earnings (earnings excluding special items) for third-quarter 2007 were $462 million, or $1.16 per share, compared with $392 million, or $0.99 per share, for third-quarter 2006.


American Electric Power Business Summary:
American Electric Power Company, Inc. (AEP) 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 public utility subsidiaries of AEP are AEP Generating Company, AEP Texas Central Company, AEP Texas North Company, Appalachian Power Company, Columbus Southern Power Company, Indiana Michigan Power Company, Kentucky Power Company, Ohio Power Company, Public Service Company of Oklahoma and Southwestern Electric Power Company. The service areas of AEP's public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The generating and transmission facilities of AEP's public utility subsidiaries are interconnected and their operations are coordinated. AEP also owns a service company subsidiary, American Electric Power Service Corporation.