**American Electric Power Reports Annual Financial Results**
American Electric Power Company, Inc. (AEP) has released its financial results for the fiscal year ending December 31, 2025, showcasing a net income attributable to common shareholders of $3.6 billion. This marks a significant increase compared to the $3.0 billion reported in the previous fiscal year, 2024. The company's financial performance was positively influenced by investments in transmission assets, a favorable FERC order regarding the treatment of net operating loss carryforwards (NOLCs), and a revenue refund provision recorded in 2024 related to the Turk Plant. Additionally, AEP benefited from decreased operating expenses due to the Federal EPA's revised Coal Combustion Residual (CCR) rule and a voluntary severance program implemented in 2024.
AEP's revenue streams are diversified across its operating segments. The Vertically Integrated Utilities segment reported retail revenues of $10.997 billion and wholesale revenues of $1.566 billion. The Transmission and Distribution Utilities segment generated retail revenues of $5.004 billion and wholesale revenues of $812 million. AEP Transmission Holdco reported transmission revenues of $2.275 billion, while the Generation & Marketing segment generated $2.650 billion in revenues. These figures reflect the company's broad operational scope and its ability to generate revenue from various sources within the energy market.
Operationally, AEP's subsidiaries served approximately 5.6 million retail customers across 11 states. The company's vertically integrated utilities owned approximately 25,400 MWs of generation capacity. AEP's resource mix included 43% coal and lignite, 19% nuclear, 22% natural gas, and 16% renewables. The company also made strategic acquisitions, including the Green Country Power Plant and wind energy facilities, to enhance its generation portfolio. AEP's employee headcount stood at 17,581 as of December 31, 2025, with approximately 24% represented by labor unions.
Looking ahead, AEP has outlined a $72 billion capital plan for 2026-2030, focusing on strengthening transmission infrastructure, adding new generation resources, and enhancing distribution system reliability. The company anticipates significant growth in electricity demand, driven by data centers and other large-load customers. AEP is actively engaging with regulators and policymakers to address customer affordability and ensure a reliable energy supply during this period of rapid transformation. The company's forward-looking statements are subject to various risks and uncertainties, including changes in economic conditions, regulatory actions, and market volatility.
About AMERICAN ELECTRIC POWER CO INC
American Electric Power Company, Inc. (AEP) is a leading public utility holding company focused on the generation, transmission, and distribution of electricity across multiple states. With a diverse energy portfolio, including coal, nuclear, natural gas, and renewables, AEP serves millions of retail and wholesale customers. The company is committed to sustainability and innovation, actively pursuing initiatives to enhance grid reliability and reduce greenhouse gas emissions, while navigating regulatory challenges in the evolving energy landscape.
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