| Business Summary | | American
Electric
Power
Company,
Inc.
is
a
public
utility
holding
company,
which
owns,
directly
or
indirectly,
all
of
the
outstanding
common
stock
of
its
domestic
electric
utility
subsidiaries
and
varying
percentages
of
other
subsidiaries.
Substantially
all
of
the
operating
revenues
of
AEP
and
its
subsidiaries
are
derived
from
the
furnishing
of
electric
service.
The
service
area
of
AEP's
domestic
electric
utility
subsidiaries
covers
portions
of
the
states
of
Arkansas,
Indiana,
Kentucky,
Louisiana,
Michigan,
Ohio,
Oklahoma,
Tennessee,
Texas,
Virginia
and
West
Virginia.
The
electric
utility
subsidiaries
of
AEP,
which
do
business
as
American
Electric
Power,
have
traditionally
provided
electric
service,
consisting
of
generation,
transmission
and
distribution,
on
an
integrated
basis
to
their
retail
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
Electric
Power
is
a
public
utility
holding
company
engaged
in
the
generation,
purchase,
transmission
and
distribution
of
electric
power.
For
the
six
months
ended
6/30/01,
revenues
totaled
$28.69
billion,
up
from
$14.25
billion.
Net
income
before
acct.
change
totaled
$546
million,
up
from
$122
million.
Revenues
reflect
increased
wholesale
electricity
sales
and
the
return
of
the
Cook
Nuclear
Plant
to
service.
Net
income
also
reflects
a
reduction
of
$149
million
in
merger
related
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| E. Linn Draper, Jr., Ph.D., 59 Chairman,
Pres and CEO | $1.4M | Thomas Shockley, III, 55 Vice
Chairman | -- | William Lhota, 61 Exec.
VP- Energy Delivery of the Service Corp. | 651K | J. Vipperman, 60 Exec.
VP-Shared Services of the Service Corp. | -- | Paul Addis, 47 Exec.
VP-Wholesale/Energy Services of the Service Corp. | 7.0M | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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