AEP - American Electric Power Co Inc.

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AEP Profile

American Electric Power (AEP), headquartered in Columbus, Ohio, USA, is a publicly-traded electric utility company with operations spanning 11 states across the Midwest, South, and Southwest regions. Serving a customer base exceeding 5 million, AEP's core business revolves around the generation, transmission, and distribution of electricity, drawing from a diverse mix of energy sources including coal, natural gas, nuclear, wind, and solar.

With an extensive transmission network exceeding 40,000 miles and a distribution system encompassing over 220,000 miles of power lines, AEP ensures the seamless delivery of electricity to its customers. Embracing a commitment to sustainability, the company actively pursues initiatives to reduce carbon emissions and increase reliance on renewable energy, while simultaneously investing in cutting-edge technologies to modernize its grid infrastructure and enhance reliability.

Listed on the NASDAQ stock exchange under the ticker symbol AEP, the company boasts a market capitalization of approximately $48 billion as of February 2023. Despite offering investors historically stable returns, AEP faces an array of risks including regulatory uncertainties, operational challenges associated with its expansive infrastructure, and market volatility stemming from fluctuations in energy demand and pricing.

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