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1 Riverside Plaza

Columbus, OH 43215-2372

USA

Phone

614.716.1000

Company Information

Company Information
Industry	Electric Utilities, Power Generation, and Equipment Manufacturing

# of Employees	20442

Ownership	Public Company



Company Security Requirements	1. Very High

Company Storage Requirements	1. Very High

Fortune 1000 Rank	192

Description

American Electric Power Company, Inc. (AEP) is a registered 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 American Electric Power Company, Inc., 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.

Operating Systems Utilized

Technology
SOLARIS
UNIX

Top Executives

Executive Name	Title
Akins, Nicholas	Executive Vice President ; Executive Vice President - Generation Of Aepsc
Buonaiuto, Joseph	Chief Accounting Officer, Controller
Crowder, Calvin	Executive Director, (Designee)President
English, Carl	President-Aep Utilities Of Aep And Of Aepsc
Hamrock, Joe	President Of Aep Ohio
Haynes, Stephan	Chief Risk Officer And Vice President Strategic Initiatives
Keane, John	Senior Vice President, General Counsel, Chief Compliance Officer,Secretary
Koeppel, Holly	Chief Financial Officer And Executive Vice President Of Aep And Aepsc
Mccellon-Allen, Venita	(Designee)President And Chief Operating Officer Of Swepco.
Morris, Michael	Chairman Of The Board, President And CEO Of Aep And Aepsc
Nazar, Mano	Senior Vice President And Chief Nuclear Officer
Rencheck, Michael	Senior Vice President And Chief Nuclear Officer
Tierney, Brian	Executive Vice President Aep East Utilities
Tomasky, Susan	Executive Vice President; Executive Vice President-Shared Services Of Aepsc
Walker, Kevin	Chief Information Officer
Welch, Dennis	Executive Vice President, Safety, Environment, Health And Facilities

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Recent Company Events

Date	Type of Event	Details
2008-01-29	Earnings/Dividends	quarter earnings: $0.58 per share GAAP, $0.52 per share ongoing 2007 full year earnings: $2.73 per share GAAP, $3.00 per share ongoing New rates for utilities in five states, favorable weather, marketing successes increase ongoing earnings for the quarter and year Company increases ongoing earnings guidance for 2008 to between $3.10 and $3.30 per share COLUMBUS, Ohio, Jan. 29 /PRNewswire FirstCall/ AMERICAN ELECTRIC POWER Preliminary, unaudited results 4th quarter ended Dec. 31 12 months ended Dec. 31 2006 2007 Variance 2006 2007 Variance Revenue ($ in billions) 3.0 3.3 0.3 12.6 13.4 0.8 Earnings ($ in millions): GAAP 181 231 50 1,002 1,089 87 Ongoing 151 209 58 1,093 1,199 106 EPS ($): GAAP 0.46 0.58 0.12 2.54 2.73 0.19 Ongoing 0.38 0.52 0.14 2.77 3.00 0.23 EPS based on 396mm shares in Q4 2006, 400mm in Q4 2007, 394mm in 12 mo. 2006 and 399mm in 12 mo. 2007 American Electric Power (NYSE: AEP) today reported 2007 year end earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $1.089 billion, or $2.73 per share, compared with $1.002 billion, or $2.54 per share, for 2006. Ongoing earnings (earnings excluding special items) for 2007 were $1.199 billion, or $3.00 per share, compared with $1.093 billion, or $2.77 per share, for 2006. GAAP earnings for fourth quarter 2007 were $231 million, or $0.58 per share, compared with $181 million, or $0.46 per share, for fourth quarter 2006. Ongoing earnings for fourth quarter 2007 were $209 million, or $0.52 per share, compared with $151 million, or $0.38 per share, for fourth quarter 2006. GAAP earnings for fourth quarter 2007 were $22 million higher than ongoing earnings primarily because of the gain on the October 2007 sale of AEP's 50 percent equity interest in the Sweeny Cogeneration plant in Texas to ConocoPhilips and favorable tax adjustments related to assets disposed of in prior years, which were somewhat offset by interest expense related to an adverse U.S. District Court decision in the Bank of America proceeding related to the Bammel natural gas storage facility. For the year, GAAP earnings were $110 million less than ongoing earnings primarily because of the effect of Virginia re regulation, enacted in April 2007, which resulted in a return to a form of cost based regulation for the generation portion of electric utility service in Virginia, and the effect of a settlement agreement reached with the U.S. Environmental Protection Agency, the U.S. Department of Justice, eight states and 14 environmental organizations resolving all issues related to claims against AEP regarding New Source Review requirements of the Clean Air Act. A full reconciliation of GAAP earnings to ongoing earnings for the quarter and year is included in tables at the end of this news release. "Our ongoing earnings for the fourth quarter increased by almost 40 percent from the same period last year, which pushed our ongoing earnings for 2007 to the top of our earnings guidance range for the year," said Michael G. Morris, AEP's chairman, president and chief executive officer. "We had a very good quarter and year, with a number of factors contributing to the excellent earnings results. "Our utilities benefited from continued efficient operation, implementation of new rates in five of our 11 states and more favorable weather than we had in 2006," Morris said. "We've seen continued success in our power marketing efforts, reaching new long term power supply agreements with municipal electric systems and rural electric cooperatives. This provides an important revenue stream and enables us to make the best use of our generation fleet. And our sale of a Louisiana power plant in late 2006 eliminated an asset that had operated at a loss, which helped to improve the year to year earnings comparison." EARNINGS GUIDANCE AEP increased its 2008 ongoing earnings guidance rang
2008-01-09	Contract/Agreements	American Electric Power has earned the industry's top honors for assisting other utilities during emergencies and for restoration of power after extensive storm related outages during 2007. The Edison Electric Institute, the association of investor owned utilities, presented AEP with the association's Emergency Assistance Award and AEP utility unit Public Service Company of Oklahoma (PSO) with the Emergency Recovery Award during EEI's winter meetings in Scottsdale, Ariz. AEP earned the Emergency Assistance Award for the third consecutive year. Winners of each award are chosen by a panel of judges following an international nomination process. "We're very pleased and extremely honored to be selected for these awards," said Michael G. Morris, AEP's chairman, president and chief executive officer. "The awards recognize the dedication, expertise and outstanding efforts of our many employees who worked long hours in difficult conditions to restore electricity service for our customers and customers served by other companies. The PSO award also recognizes the efforts of other companies that provided their employees and contractors to assist us in our time of need." The Emergency Assistance Award recognizes outstanding efforts in restoring electric service that has been disrupted by severe weather conditions or other natural events. During 2007, AEP assisted 10 other utility companies in restoring electricity after 12 major, weather related outage events. AEP employees and contractors worked more than 95,000 hours during these assistance efforts, helping to restore power to hundreds of thousands of electricity customers left without power following ice storms, snow storms, thunderstorms, high winds and one hurricane. AEP had workers assisting other companies for 62 days in 2007. PSO earned the Emergency Recovery Award for its efforts to restore service after a series of severe ice storms in January 2007 caused extensive damage and treacherous working conditions. The weight of accumulating ice from the storms downed power lines and broke utility poles, felled trees and blocked roads. PSO, working in advance of the approaching storm, brought in workers from companies across 12 states, More than doubling the size of its workforce, to assist in a week long restoration effort. More than 100,000 PSO customers were without power during the ice storms, but the planning and quick response by PSO enabled restoration of service in a timely fashion. 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. 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 and 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. s.server=server() s.channel="news release" s.pageName="news_release_aep earns industry awards for emergency assistance, power restoration" s.prop2="109" s.prop3="01 09 2008" /*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)
2007-12-28	Contract/Agreements	American Electric Power today announced that Potomac Appalachian Transmission Highline LLC, AEP's transmission joint venture with Allegheny Energy (NYSE: AYE), has filed with the Federal Energy Regulatory Commission (FERC) to establish a transmission rate to recover costs for the approximately 290 mile, extra high voltage transmission line that the companies propose to build from West Virginia into Maryland. The companies are seeking a transmission cost of service formula rate, effective March 1, 2008, that will provide for annual updates to the amounts that PJM Interconnection (PJM), an independent regional transmission operator, will charge utilities to recover the costs of the project. The proposed rate includes recovery of a return on construction work in progress (CWIP) for the project and a return on equity of 14.3 percent, which includes an incentive award, consistent with federal policy to encourage significant transmission infrastructure and technology improvements. AEP and Allegheny each separately received FERC approval for incentive rate treatments for individually proposed transmission projects that ultimately became the joint Potomac Appalachian Transmission Highline (PATH) project. The PATH project includes approximately 244 miles of 765 kilovolt (kV) extra high voltage transmission from AEP's Amos substation near St. Albans, W.Va., to Allegheny's Bedington substation, northeast of Martinsburg, W.Va. Another 46 miles of twin circuit 500 kV transmission will be constructed from Bedington to a new substation to be built near Kemptown, southeast of Frederick, Md. The total project is estimated to cost approximately $1.8 billion. PJM identified June 2012 as the date by which the PATH project needs to be operational. "The PATH project addresses significant reliability concerns in the region, including overloads that will occur on more than thirteen existing transmission lines in Maryland, West Virginia, Virginia and Pennsylvania, as soon as 2012 if PATH is not built," said Michael G. Morris, AEP chairman, president and chief executive officer. "Establishing FERC rates for the project will provide the timely cost recovery necessary to obtain financing and allow us to move forward and bring the project on line in time to help prevent overloads on these lines." Once approved by FERC, the costs of the PATH project will be allocated to all electric utilities who serve retail customers in the PJM region. AEP and Allegheny plan to begin work on the routing study and environmental assessment for the PATH project in January 2008. The companies anticipate seeking regulatory approvals for the project from the utility commissions in both West Virginia and Maryland in the fourth quarter of 2008, following the completion of the routing study. AEP and Allegheny are committed to working with landowners, neighboring residents, business owners, affected communities and regulators to minimize the environmental and land use impacts of the project. "To ensure that this project is the best option for improving reliability in this region, we've designed PATH with advanced transmission technologies that will make it the most reliable, efficient and environmentally sensitive project possible," Morris said. "Extra high voltage transmission inherently costs less and requires less land to carry the same amount of power than other transmission designs. The six conductor per phase design of the Amos to Bedington 765 kV portion of PATH, a design pioneered by AEP on its Wyoming Jacksons Ferry transmission project, will reduce line losses by more than 40 percent over older 765 kV designs. That means the line will transport more electricity and reduce the power generation necessary to meet electricity demand. Additional advancements in 765 kV and 500 kV conductor designs and new control technologies in the project's substations also will enhance the reliability and efficiency of the PATH lines compared with other transmi

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