American Electric Power
Stock Symbol: AEP
1 Riverside Plaza
American Electric Power Industry:
American Electric Power Description:
American Electric Power Company, Inc. is a public utility holding company, which owns, directly or indirectly, all of the outstanding common stock of its domestic electric utility subsidiaries and varying percentages of other subsidiaries. Substantially all of the operating revenues of AEP and its subsidiaries are derived from the furnishing of electric service.
American Electric Power Financial Summary:
American Electric Power is a public utility holding company engaged in the generation, purchase, transmission and distribution of electric power. For the 6 months ended 6/30/05, revenues decreased 15% to $5.76B. Net income applicable to Common increased 30% to $572M. Revenues reflect a decrease in gas and other operations sales. Net income benefited from lower costs of purchased gas for resale and higher other income.
American Electric Power Business Summary:
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.