Summary
American Electric Power is one of the largest electric companies in the US AEP is 95% regulated with generation, transmission and distribution activities with relatively small gas activities. The eight vertical integrated utilities and distribution of the company provide electricity to more than 5.6 million customers in 11 states in the midwest and the southeast. AEP has approximately 29 GW generating capacity and 225,000 distribution lines. AEP also owns the largest electricity transmission system of the nation, with 40,000 system slows. The turnover in 2024 was $ 19.7 billion and the transmission was around 60%.
The company was under the strategic assessment of its energy company that ended in 2Q24. AEP also announced new senior leadership in 3Q24. The company has dismissed several non -regulated activities and is well positioned to stimulate profit growth through investments in its regulated company, transmission improvements and the increased use of renewable energy sources. AEP also left the competing generation activities in 2023, but still has wholesale electricity activities. AEP has one nuclear power plant and the 2024 generation mix was 40% coal, 22% nuclear, 22% natural gas and 16% renewable energy sources. While he still