American Electric Power Company Inc
NASDAQ:AEP

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American Electric Power Company Inc
NASDAQ:AEP
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Price: 97.25 USD 0.44%
Market Cap: 51.8B USD

American Electric Power Company Inc
Investor Relations

American Electric Power Company Inc., often referred to simply as AEP, weaves its legacy into the very fabric of American industry as one of the largest electricity generators in the United States. With roots tracing back over a century, AEP has evolved, growing a vast network of infrastructure across 11 states. This company primarily hinges on the business of generating, transmitting, and distributing electricity. AEP operates an extensive system of power plants that utilize various sources – coal, natural gas, renewable energy, and nuclear – effectively harnessing diversified energy for stability and resilience. The company's transmission network, one of the largest in the country, facilitates the movement of electricity from its generation hubs to vast populations across its service regions. With regulatory bodies overseeing its operations, AEP remains steadfast in navigating the delicate balance between reliable service delivery and operational efficiency.

At its core, AEP's revenue streams flow from selling electricity to end-users—ranging from residential homes to large-scale industrial outfits—distributed through its well-defined service network. Additionally, AEP generates income by selling electricity on wholesale markets, capitalizing on excess generation capacity when demand spikes. The company places a strong emphasis on bolstering its energy grid infrastructure, investing significantly in modernization projects aimed at enhancing grid reliability and integrating cleaner energy sources. This positions AEP to adapt to the evolving energy landscape, where sustainable and renewable energy discussions are increasingly pivotal. As AEP marches forward, its story is not merely about power lines and plants but about connecting communities, fueling industries, and paving its path in the transformative world of energy.

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Earnings Calls

2024 Q3
Nov 6, 2024
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AEP's Future Guidance and Growth Opportunities.
2024 Q3
Nov 6, 2024

In the third quarter of 2024, American Electric Power (AEP) reported operating earnings of $1.85 per share, boosting its 2024 guidance range to $5.58-$5.68 per share. AEP anticipates 2025 earnings between $5.75 and $5.95 per share, representing approximately 4% growth. The company introduced a long-term earnings growth target of 6% to 8%, supported by a robust $54 billion capital plan, up 25% from the previous plan. Retail sales are projected to rise by 8.3% in 2025, primarily driven by data center demand, aiming for 20 gigawatts of load by 2029. AEP is also committed to improving customer service and regulatory relationships, pledging to enhance operational performance.

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Management

Mr. Charles E. Zebula
Executive VP & CFO

Charles E. Zebula is a notable executive at American Electric Power Company Inc. (AEP), holding the position of Executive Vice President and Chief Commercial Officer. He plays a vital role in overseeing AEP's commercial operations and strategic initiatives related to generation and marketing. Throughout his tenure at AEP, Zebula has been instrumental in driving business growth and operational efficiency, with a focus on energy trading, asset optimization, and power origination. His leadership is characterized by a deep understanding of the energy markets and a commitment to maximizing the company's commercial successes. Zebula's expertise has been central to navigating the regulatory landscapes and enhancing AEP's competitive positioning within the utility sector.

Mr. David M. Feinberg J.D.
Executive VP, General Counsel & Secretary

David M. Feinberg is a distinguished corporate executive known for his role at American Electric Power Company Inc. (AEP), one of the largest electric utilities in the United States. With extensive expertise in legal and regulatory matters, Feinberg has played a crucial role in shaping the company's legal strategies and policies. Feinberg holds a Juris Doctor (J.D.) degree, which underscores his strong foundation in legal education. His experience in navigating complex legal landscapes has been instrumental for AEP, particularly in managing regulatory compliance and risk mitigation. At AEP, Feinberg has been involved in various initiatives to enhance the company's operations and ensure adherence to ever-evolving industry regulations. His leadership and insights contribute significantly to AEP’s efforts in promoting sustainable energy solutions and maintaining ethical governance practices. Through his work, Feinberg helps ensure that AEP not only meets its business objectives but also aligns with environmental and social responsibilities. His contributions to the energy sector and legal field reflect his commitment to balancing business interests with regulatory frameworks, ultimately supporting AEP's mission of delivering reliable and affordable energy to its customers.

Mr. Christian T. Beam
Executive Vice President & Senior Advisor

Christian T. Beam, often referred to as "Chris" Beam, is a notable executive associated with American Electric Power Company, Inc. (AEP), a major electric utility in the United States. He holds a prominent role within the company, contributing significantly to its operations and strategic direction. Chris Beam has been instrumental in shaping AEP's policies and initiatives related to energy production and sustainability. His leadership is often highlighted in efforts to transition towards more sustainable and renewable energy sources, while still maintaining reliable service for customers. Beam's career at AEP showcases his expertise in the energy sector, alongside his commitment to adapting to the evolving energy landscape. His work often involves navigating regulatory challenges and advancing technological innovations to better serve the communities dependent on AEP's services.

Mr. William J. Fehrman
President, CEO & Director

William J. Fehrman is an experienced executive in the energy sector, known for his leadership roles and contributions to the industry. At American Electric Power Company, Inc. (AEP), he has held significant positions where he has influenced the company's operations and strategic direction. Fehrman has a deep understanding of the electric utility industry, focusing on innovative energy solutions, sustainable practices, and regulatory frameworks. His career is marked by a commitment to advancing energy technologies and improving customer service. Throughout his tenure, he has been instrumental in fostering AEP's growth and development, ensuring the company adapts to evolving market conditions and energy demands. Fehrman is recognized for his expertise in managing large-scale energy projects and his strategic insights that align with the industry's shift towards renewable energy and environmental stewardship. Before his engagement with AEP, he has had a distinguished career that includes various leadership roles in other energy companies, which contributed to his comprehensive knowledge and experience in electricity generation, transmission, and distribution. Fehrman's impact in the energy sector is notable, shaping policies and practices that enhance operational efficiency and support sustainable energy goals.

Ms. Kate Sturgess
Senior VP, Controller, Chief Accounting Officer & Principal Accounting Officer

Kate Sturgess is the Senior Vice President and Chief Financial Officer (CFO) of American Electric Power Company Inc. (AEP). She assumed this role on November 1, 2023. As CFO, Sturgess is responsible for overseeing AEP's accounting, treasury, corporate planning and budgeting, tax, investor relations, and risk management functions. She plays a key role in shaping the financial strategy and direction of one of the largest electric utilities in the United States. Sturgess joined AEP in 2005 and has held various leadership positions within the company, bringing a wealth of experience and expertise in finance and strategic planning.

Ms. Therace Marie Risch
Executive VP and Chief Information & Technology Officer

Therace Marie Risch is a recognized leader in the energy sector, particularly known for her role at American Electric Power Company, Inc. (AEP). She serves as the Executive Vice President and Chief Information & Technology Officer for AEP. In this position, she is responsible for leading the company's information technology strategy and operations, ensuring the technological infrastructure aligns with AEP's business goals and objectives. Prior to her role at AEP, Therace Risch brought a wealth of experience from the retail and financial services industries. She held significant positions at J.C. Penney Company, including serving as Chief Information Officer (CIO), where she was instrumental in driving technological innovations and improving digital infrastructure to enhance customer experience. Risch's career also includes key roles at American Express, where she developed her expertise in managing complex IT environments and driving transformational change. Her leadership is characterized by a deep understanding of technology and its role in driving business success. Therace Risch is known for her strategic vision, ability to lead large teams, and commitment to advancing organizational goals through technological innovation. Her contributions have been pivotal in positioning AEP as a forward-thinking company in the rapidly evolving energy landscape.

Ms. Darcy Reese
Vice President of Investor Relations
No Bio Available
Gina E. Mazzei-Smith
Chief Compliance Officer

Gina E. Mazzei-Smith is a notable executive at American Electric Power Company, Inc. (AEP). She serves as the Vice President of Internal Audit. In this role, she is responsible for overseeing the internal audit functions of the company, ensuring compliance with financial regulations, and enhancing operational efficiencies through auditing practices. Gina has a strong background in auditing and finance, bringing significant expertise to AEP. Her leadership involves assessing risk management strategies and implementing controls to safeguard the company's assets. Prior to her current role, she had accumulated extensive experience in similar capacities, adding to her ability to navigate complex regulatory environments. Her work is critical in maintaining transparency and accountability within American Electric Power, contributing to the company's reputation and operational success.

Mr. Chris Brathwaite
VP & Chief Communications Officer

Chris Brathwaite is the Executive Vice President, Corporate Communications at American Electric Power Company Inc. In his role, he is responsible for overseeing the company’s corporate communications strategies, ensuring effective internal and external communication. His work includes managing public relations, media relations, and community affairs to support AEP’s business objectives and enhance its corporate reputation. Brathwaite brings extensive experience in communications and leadership to his position, contributing to AEP's strategic initiatives and stakeholder engagement efforts.

Mr. Phillip R. Ulrich
Executive VP & Chief Human Resources Officer

As of the recent available information, Phillip R. Ulrich serves as the Executive Vice President and Chief Operating Officer at American Electric Power Company, Inc. (AEP). In his role, Ulrich is responsible for overseeing the operations across AEP's utility subsidiaries, focusing on delivering reliable and efficient electric service to customers. He plays a key role in steering operational strategies, ensuring safety, and implementing advanced technologies to improve service delivery. Ulrich has a wealth of experience in the energy sector, having held various leadership positions within the industry. His extensive background allows him to contribute significantly to AEP's mission of providing sustainable and innovative electric services. American Electric Power is one of the largest electric utility companies in the United States, serving millions of customers across multiple states. With Ulrich's expertise, the company continues to evolve and adapt to the changing energy landscape, focusing on renewable energy sources and modernizing the grid for future demands. Ulrich's leadership in these areas is pivotal to maintaining AEP's position as a leader in the industry, ensuring that the company meets both current and future energy needs efficiently and sustainably.

Contacts

Address
OHIO
Columbus
1 Riverside Plz
Contacts
+16147161000.0
www.aep.com