American Electric Power

American Electric Power Company is an American utility holding company headquartered in Columbus, Ohio, United States. Founded in 1906, it generates, transmits, and distributes electricity to 5.6 million customers. The company's segments lude Vertically Integrated Utilities (regulated operations in six states), Transmission & Distribution Utilities (AEP Texas), and AEP Transmission Holdco (interstate lines). AEP operates 40,000 miles of transmission lines across 11 states, partnering with suppliers for generation equipment and renewables while complying with FERC, NERC reliability standards, and EPA emissions regulations under the Clean Air Act. Its supply chain ludes third-party contractors for maintenance and cybersecurity, requiring vendor risk assessments for grid resilience and data protection per NIST frameworks. The company invests $54 billion over five years in clean energy transitions, targeting net-zero by 2050. In 2025, AEP reported revenues of $20.66 billion, with operating earnings of $5.85 per share, driven by 9% load growth from data centers and rate adjustments.