Last $54.31 USD
Change Today -0.49 / -0.89%
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1 Riverside Plaza

Columbus, OH 43215

United States

Phone: 614-716-1000

Fax:

American Electric Power Company, Inc. operates as an utility holding company. The service areas of the company’s public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The transmission facilities of the company’s public utility subsidiaries are interconnected and their operations are coordinated. Transmission networks are interconnected with extensive distribution facilities in the territories served. The public utility subsidiaries of the company have traditionally provided electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers. Subsidiaries Appalachian Power Company (APCo): APCo engages in the generation, transmission and distribution of electric power to approximately 960,000 retail customers in the southwestern portion of Virginia and southern West Virginia, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, and other market participants. Among the principal industries served by APCo are paper, rubber, coal mining, textile mill products, and stone, clay, and glass products. In addition to its AEP System interconnections, APCo is interconnected with various nonaffiliated utility companies, such as Carolina Power & Light Company, Duke Carolina, and Virginia Electric and Power Company. Indiana Michigan Power Company (I&M): I&M engages in the generation, transmission, and distribution of electric power to approximately 587,000 retail customers in northern and eastern Indiana and southwestern Michigan, and in supplying and marketing electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. I&M owns or leases 4,518 Megawatt (MW) of generating capacity, which it uses to serve its retail and other customers. Among the principal industries served are primary metals, transportation equipment, electrical and electronic machinery, fabricated metal products, rubber and chemicals and allied products, rubber products and transportation equipment. In addition to its AEP System interconnections, I&M is interconnected with the following nonaffiliated utility companies: Central Illinois Public Service company; Duke Energy Ohio, Inc.; Commonwealth Edison company; Consumers Energy company; Illinois Power company; Indianapolis Power & Light company; Louisville Gas and Electric company; Northern Indiana Public Service company; and Duke Indiana and Richmond Power & Light Company. Kingsport Power Company (KGPCo) KGPCo provides electric service to approximately 47,000 retail customers in Kingsport and 8 neighboring communities in northeastern Tennessee. KGPCo is a member of Pennsylvania – New Jersey – Maryland regional transmission organization (PJM). It purchases electric power from APCo for distribution to its customers. Ohio Power Company (OPCo) OPCo engages in the generation, transmission, and distribution of electric power to approximately 1,464,000 retail customers in Ohio. OPCo purchases energy and capacity to serve remaining generation service customers. Among the principal industries served by OPCo are primary metals, chemicals and allied products, health services, electronic machinery, petroleum refining, and rubber and plastic products. OPCo is a member of PJM. Public Service Company of Oklahoma (PSO) PSO engages in the generation, transmission, and distribution of electric power to approximately 540,000 retail customers in eastern and southwestern Oklahoma, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives, and other market participants. Among the principal industries served by PSO are paper manufacturing and timber products, natural gas and oil extraction, transportation, non-metallic mineral production, oil refining and steel processing. In addition to its AEP System interconnections, PSO is interconnected with Empire District Electric Company, Oklahoma Gas and Electric Company, Southwest

 

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AEP

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Valuation AEP Industry Range
Price/Earnings 15.8x
Price/Sales 1.6x
Price/Book 1.6x
Price/Cash Flow 7.6x
TEV/Sales 0.4x
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