was incorporated under the laws of the State of New York in 1906 and reorganized
in 1925. It 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. In addition,
in recent years AEP has been pursuing various unregulated business opportunities
worldwide.
The service area of AEP's domestic electric utility
subsidiaries covers portions of the states of Indiana, Kentucky, Michigan, Ohio,
Tennessee, Virginia and West Virginia. The generating and transmission
facilities of AEP's subsidiaries are physically interconnected, and their
operations are coordinated, as a single integrated electric utility system.
Transmission networks are interconnected with extensive distribution facilities
in the territories served. 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.
