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American Electric Power Company, Inc. (AEP), (railcar reporting mark: AEPX) is an American domestic electric utility company in the United States.It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.
AEP has started another round of job cuts that the power company says are necessary to reduce the size of its workforce and reduce expenses.
From 1996 to 1999, the FERC made a series of decisions which resulted in the restructuring of the U.S. electric utility industry. The FERC's intention in doing so was to open the wholesale power market to new players, with the hope that spurring competition would save consumers $4 to $5 billion per year and encourage technical innovation in the industry.
All tie-in and substation expenses were funded by GPS' developers with ownership transferred to AEP upon completion. [17] [10] GPS began live operation in February 2023 [1] and commercial operation on April 7, 2023. [20] Its construction phase provided an average of 300 jobs with highs of 1,000 during construction peaks.
Sloat had been with her AEP for 23 years, working her way through the executive ranks before taking over the top job as president, chair and CEO from Nick Akins. She previously served as the ...
Michael G. Morris (born 1947 in Fremont, Ohio) is a former president, chief executive officer, and chairman of Columbus, Ohio-based American Electric Power, one of the USA's largest generators of electricity, from 2004 to November 2011, [1] [2] and continued as AEP's chairman until 2013.