American Electric Power Co., Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>American Electric Power Co., Inc. has filed its 2023 10-K annual report, detailing operations and financial information for the parent company and its key subsidiaries.</b>

AI Summary

AMERICAN ELECTRIC POWER CO INC (AEP) filed a Annual Report (10-K) with the SEC on February 26, 2024. American Electric Power Co., Inc. (AEP) filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing includes information for AEP and its subsidiaries, including Indiana Michigan Power Co., AEP Texas Inc., Public Service Co. of Oklahoma, Southwestern Electric Power Co., AEP Transmission Company, LLC, and Appalachian Power Co. The company's principal business address is 1 Riverside Plaza, Columbus, OH 43215. AEP's IRS number is 134922640. The filing is submitted under the Securities Exchange Act of 1934.

Why It Matters

For investors and stakeholders tracking AMERICAN ELECTRIC POWER CO INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of AEP's financial performance, operational activities, and strategic direction for the fiscal year 2023, which is crucial for investors to assess the company's health and future prospects. The inclusion of multiple subsidiaries within the filing offers a consolidated view of the company's diverse operations across various states, highlighting the scale and scope of its energy services.

Risk Assessment

Risk Level: low — AMERICAN ELECTRIC POWER CO INC shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate, significant new risks or disclosures beyond routine business updates.

Analyst Insight

Investors should review the full 10-K filing to understand AEP's financial performance, operational risks, and strategic initiatives for 2023.

Key Numbers

• 20231231 — Fiscal Year End (The period covered by the 10-K filing.)
• 20240226 — Filing Date (The date the 10-K was filed with the SEC.)
• 150 — Document Count (Total number of public documents in the filing.)
• 4911 — SIC Code (Standard Industrial Classification for Electric Services.)

Key Players & Entities

• AMERICAN ELECTRIC POWER CO INC (company) — Filer's company name
• AEP (company) — Ticker symbol
• 10-K (filing) — Form type
• 20231231 (date) — Fiscal year end
• 20240226 (date) — Filing date
• 1 RIVERSIDE PLAZA (address) — Business address
• COLUMBUS (location) — Business city
• OH (location) — Business state

FAQ

Industry Context

American Electric Power Co., Inc. operates within the electric services industry, providing electricity generation, transmission, and distribution.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to disclose material information about their business and financial condition.

What Investors Should Do

1. Review AEP's detailed financial statements and management's discussion and analysis in the 10-K.
2. Analyze the operational segments and geographic coverage of AEP and its subsidiaries.
3. Identify any new or updated risk factors disclosed in the filing.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-02-26: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing for the 2023 fiscal year, following previous filings for prior periods.

Key Financial Figures

• $6.50 — ectric Power Company Inc. Common Stock, $6.50 par value AEP The NASDAQ Stock Market L
• $0.01 — 0 par value) AEP Texas Inc. None 100 ($0.01 par value) AEP Transmission Company, L
• $15 — ce Company of Oklahoma None 9,013,000 ($15 par value) Southwestern Electric Power
• $18 — ern Electric Power Company None 3,680 ($18 par value) (a) 100% interest is held

Filing Documents

• aep-20231231.htm (10-K) — 17218KB
• ex10naep20234q.htm (EX-10.N) — 61KB
• ex10paep20234q.htm (EX-10.P) — 171KB
• ex2120234q.htm (EX-21) — 17KB
• ex23aep20234q.htm (EX-23) — 2KB
• ex23aeptco20234q.htm (EX-23) — 2KB
• ex23aeptexas20234q.htm (EX-23) — 2KB
• ex23apco20234q.htm (EX-23) — 2KB
• ex23im20234q.htm (EX-23) — 2KB
• ex23opco20234q.htm (EX-23) — 2KB
• ex23swepco20234q.htm (EX-23) — 2KB
• ex24aep20234q.htm (EX-24) — 11KB
• ex24aeptco20234q.htm (EX-24) — 7KB
• ex24aeptexas20234q.htm (EX-24) — 9KB
• ex24apco20234q.htm (EX-24) — 9KB
• ex24im20234q.htm (EX-24) — 9KB
• ex24opco20234q.htm (EX-24) — 10KB
• ex24pso20234q.htm (EX-24) — 9KB
• ex24swepco20234q.htm (EX-24) — 9KB
• ex31aaep20234q.htm (EX-31.A) — 10KB
• ex31aaeptco20234q.htm (EX-31.A) — 10KB
• ex31aaeptexas20234q.htm (EX-31.A) — 10KB
• ex31aapco20234q.htm (EX-31.A) — 10KB
• ex31aim20234q.htm (EX-31.A) — 10KB
• ex31aopco20234q.htm (EX-31.A) — 10KB
• ex31apso20234q.htm (EX-31.A) — 10KB
• ex31aswepco20234q.htm (EX-31.A) — 10KB
• ex31baep20234q.htm (EX-31.B) — 10KB
• ex31baeptco20234q.htm (EX-31.B) — 10KB
• ex31baeptexas20234q.htm (EX-31.B) — 10KB
• ex31bapco20234q.htm (EX-31.B) — 10KB
• ex31bim20234q.htm (EX-31.B) — 10KB
• ex31bopco20234q.htm (EX-31.B) — 10KB
• ex31bpso20234q.htm (EX-31.B) — 10KB
• ex31bswepco20234q.htm (EX-31.B) — 10KB
• ex32aaep20234q.htm (EX-32.A) — 4KB
• ex32aaeptco20234q.htm (EX-32.A) — 4KB
• ex32aaeptexas20234q.htm (EX-32.A) — 4KB
• ex32aapco20234q.htm (EX-32.A) — 4KB
• ex32aim20234q.htm (EX-32.A) — 4KB
• ex32aopco20234q.htm (EX-32.A) — 4KB
• ex32apso20234q.htm (EX-32.A) — 4KB
• ex32aswepco20234q.htm (EX-32.A) — 4KB
• ex32baep20234q.htm (EX-32.B) — 4KB
• ex32baeptco20234q.htm (EX-32.B) — 4KB
• ex32baeptexas20234q.htm (EX-32.B) — 4KB
• ex32bapco20234q.htm (EX-32.B) — 4KB
• ex32bim20234q.htm (EX-32.B) — 4KB
• ex32bopco20234q.htm (EX-32.B) — 4KB
• ex32bpso20234q.htm (EX-32.B) — 4KB
• ex32bswepco20234q.htm (EX-32.B) — 4KB
• ex97aep20234q.htm (EX-97) — 31KB
• aep-20231231_g1.jpg (GRAPHIC) — 76KB
• aep-20231231_g2.jpg (GRAPHIC) — 96KB
• aep-20231231_g3.jpg (GRAPHIC) — 272KB
• aep-20231231_g4.jpg (GRAPHIC) — 110KB
• 0000004904-24-000020.txt (&nbsp;) — 75908KB
• aep-20231231.xsd (EX-101.SCH) — 298KB
• aep-20231231_cal.xml (EX-101.CAL) — 161KB
• aep-20231231_def.xml (EX-101.DEF) — 1880KB
• aep-20231231_lab.xml (EX-101.LAB) — 2785KB
• aep-20231231_pre.xml (EX-101.PRE) — 2000KB
• aep-20231231_htm.xml (XML) — 20979KB

Financial Statements 320

Financial Statements 320 16 Form 10-K Summary 321 Signatures 322 Index of Financial Statement Schedules S- 1 Exhibit Index E- 1 GLOSSARY OF TERMS When the following terms and abbreviations appear in the text of this report, they have the meanings indicated below. Term Meaning AEGCo AEP Generating Company, an AEP electric utility subsidiary. AEP American Electric Power Company, Inc., an investor-owned electric public utility holding company which includes American Electric Power Company, Inc. (Parent) and majority-owned consolidated subsidiaries and consolidated affiliates. AEP Credit AEP Credit, Inc., a consolidated VIE of AEP which securitizes accounts receivable and accrued utility revenues for affiliated electric utility companies. AEP East Companies APCo, I&M, KGPCo, KPCo, OPCo and WPCo. AEP Energy AEP Energy, Inc., a wholly-owned retail electric supplier for customers in Ohio, Illinois and other deregulated electricity markets throughout the United States. AEP Energy Supply, LLC A nonregulated holding company for AEP's competitive generation, wholesale and retail businesses, and a wholly-owned subsidiary of AEP. AEP OnSite Partners A division of AEP Energy Supply, LLC that builds, owns, operates and maintains customer solutions utilizing existing and emerging distributed technologies. AEP Renewables A division of AEP Energy Supply, LLC that develops and/or acquires large scale renewable projects that are backed with long-term contracts with creditworthy counter parties. AEP System American Electric Power System, an electric system, owned and operated by AEP subsidiaries. AEP Texas AEP Texas Inc., an AEP electric utility subsidiary. AEP Texas engages in the transmission and distribution of electric power to retail customers in west, central and southern Texas. AEP Transmission Holdco AEP Transmission Holding Company, LLC, a wholly-owned subsidiary of AEP. AEP Wind Holdings, LLC Acquired in April 2019 as Sempra Renewables LLC, d