American Electric Power Settles SEC Investigation

Details

(AEP) reached a settlement with the Securities and Exchange Commission (SEC) regarding AEP's relationship with and statements about Empowering Ohio's Economy, a 501(c)(4) organization. AEP neither admits nor denies the SEC's findings and has agreed to pay a civil penalty of $19 million, as well as to cease and desist from committing any future violations of specified provisions of the federal securities laws. The settlement resolves the SEC investigation which AEP previously disclosed in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024. AEP fully cooperated with the SEC over the course of its investigation.

Items reported

Exhibits (1)

About American Electric Power Company, Inc.

American Electric Power Company, Inc. is a leading electric utility company in the United States, primarily engaged in the generation, transmission, and distribution of electricity. With its headquarters in Columbus, Ohio, the company serves over five million customers across 11 states, making it one of the largest electric utilities by customer base. American Electric Power owns a significant amount of the United States' generation capacity, comprising a diversified energy portfolio that includes coal, natural gas, renewables, and nuclear energy sources. This diversification enables the company to provide a stable and reliable energy supply, vital for both residential and industrial sectors. By investing in infrastructure projects and innovations, such as smart grids and clean energy solutions, American Electric Power plays a crucial role in promoting energy efficiency and meeting regulatory demands for lower emissions. In the broader financial market, the company is considered a staple in the utility sector, frequently drawing attention from investors seeking steady revenue streams and dividends, given its long-standing presence and operational reliability in the industry.