American Electric Power Company, Inc. (AEP) is a public utility holding company, engaged in the business of generation, transmission and distribution of electricity. Company primarily operates through four business segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.
Company’s vertically integrated utilities segment is engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by company’s public utility subsidiaries AEP Generating Company (AEGCo), Appalachian Power Company (APCo), Indiana Michigan Power Company (I&M), Kingsport Power Company (KGPCo), Kentucky Power Company (KPCo), Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCo) and Wheeling Power Company (WPCo).
Transmission and distribution utilities segment is engaged in the transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by Ohio Power Company (OPCo) and AEP Texas Inc. (AEP Texas). AEP transmission Holdco segment is in the development, construction and operation of transmission facilities through investments in AEP Transmission Company, LLC (AEPTCo). Generation & marketing segment is engaged in the marketing, risk management and retail activities in Electric Reliability Council of Texas (ERCOT), Pennsylvania – New Jersey – Maryland regional transmission organization (PJM), Southwest Power Pool (SPP) and Midwest Independent Transmission System Operator (MISO). It is also engaged in the contracted renewable energy investments and management services.
For the fiscal year ended December 2017, company’s revenue decreased $955.2 million or 5.8% to $15.4 billion, as compared to the revenues in fiscal 2016.
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