About American Electric Power Company, Inc. (AEP)

Company Description:

American Electric Power Company, Inc. is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states. 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.

The company was incorporated in 1906, signaling the beginning of a new era in American electric power history. AEP has its headquarters in Columbus, Ohio, United States.

Main Product(s):

AEP is primarily involved in generating, transmitting, and distributing electricity. Its product range includes both conventional power generation, such as coal and natural gas, as well as renewable energy sources like wind and solar power.

Short History of American Electric Power Company, Inc:

• 1906 – American Electric Power was incorporated.
• Early 20th Century – AEP became one of the first utility companies to transition from direct current (DC) to alternating current (AC), helping to standardize electricity distribution in the U.S.
• 1980s-1990s – Expanded its operations through various acquisitions.
• 2000s – Began investing in renewable energy sources.
• 2016 – Announced a significant shift towards solar and wind power.
• 2021 – Continued expansion in renewable energy with major solar and wind projects.