The purchase is expected to close in the second quarter of 2022, pending regulatory approval. On Octothe Liberty Utilities subsidiary of Algonquin Power & Utilities agreed to acquire AEP's Kentucky operations in a transaction valued at $2.8 billion (US). Kentucky Power headquarters is in Ashland and they maintain a government relations office in Frankfort, Kentucky. Kentucky Power serves most of Eastern Kentucky, the area abutting the Appalachian Power service area, including communities of Pikeville, Hazard and Ashland. Cook nuclear power plant is located in I&M's territory. Indiana Michigan Power (I&M) serves northeastern and east central Indiana, including Muncie and Fort Wayne and parts of north central Indiana and southwest Michigan, including South Bend, St. Wheeling Power, based in Wheeling, was long treated as a de facto part of Ohio Power, but is now treated as part of Appalachian Power.
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AEP considers Appalachian Power to be the operating company in Kingsport. While Kingsport Power still legally exists, the Kingsport Power name is almost never used anymore except for regulatory formality. However, since the turn of the millennium, Kingsport Power's operations have been almost completely merged with those of Appalachian Power.
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Until the 21st century, AEP's operations in Tennessee were part of a separate operating company, Kingsport Power Company. Cities in the Appalachian Power service territory include Wheeling, Charleston and Huntington, West Virginia Roanoke, Virginia and Kingsport. APCO serves about one million customers in central and Southern West Virginia, the West Virginia Panhandle, Southwest Virginia and parts of Northeast Tennessee, specifically Kingsport. Appalachian Power Īppalachian Power (APCO) is based in Charleston, West Virginia and owns the naming rights to Appalachian Power Park in Charleston. It consists of AEP Texas North Company (formerly West Texas Utilities), which operates in west Texas, and AEP Texas Central Company (formerly Central Power and Light), which operates in south Texas. However, in 2014, Columbus Southern was merged into Ohio Power, leaving Ohio Power as the legal operating company for regulatory purposes.ĪEP Texas was formed from a merger of various predecessor utilities, and joined AEP as part of its acquisition of Central and South West Corporation in 1997. For years, it consisted of two operating companies, Ohio Power and Columbus Southern Power. The company is divided into seven major geographic local operating companies:ĪEP Ohio serves 1.5 million customers in central, southern and northwestern Ohio. 1.7 Southwestern Electric Power Company.
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1.6 Public Service Company of Oklahoma (PSO).The company ranked 185th on the 2018 Fortune 500 of the largest United States corporations by revenue. AEP's headquarters are in Columbus, Ohio.Īmerican Electric Power was the first utility to utilize 345 kV transmission lines which took place in 1953. states and eastern Canada, and approximately 11 percent of the electricity demand in the Electric Reliability Council of Texas, the transmission system that covers much of Texas.ĪEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia, and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). AEP's transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile (63,000 km) network that includes 765 kilovolt ultra-high voltage transmission lines, more than all other U.S. ĪEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. American Electric Power ( AEP), (railcar reporting mark: AEPX) is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states.