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American Electric Power company logo
Corporation
ENERGY & UTILITIES | Electric / Transmission & Distribution
aep.com

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Investments

17

Portfolio Exits

7

Partners & Customers

10

About American Electric Power

American Electric Power is an electric utility company that focuses on electricity transmission and power generation. The company was founded in 1906 and is based in Columbus, Ohio.

Headquarters Location

1 Riverside Plaza

Columbus, Ohio, 43215,

United States

614-716-1000

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Expert Collections containing American Electric Power

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find American Electric Power in 2 Expert Collections, including Fortune 500 Investor list.

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Fortune 500 Investor list

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American Electric Power Web Traffic

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Latest American Electric Power News

PSO Files Proposal to Increase Power Supply and Stabilize Customer Bills

Nov 17, 2022

News provided by Share this article Share this article TULSA, Okla., Nov. 17, 2022 /PRNewswire/ -- Public Service Company of Oklahoma (PSO) today asked the Oklahoma Corporation Commission (OCC) for approval of its fuel-free power plan to purchase three new wind farms and three new solar facilities. This proposed plan will help meet projected power needs while protecting customers from volatility in energy costs driven by high natural gas and power prices. The fuel-free power plan would fund the purchase of a total of 995.5 megawatts of new, cost-effective renewable energy. The six projects were chosen through a competitive bidding process. These resources will help provide long-term stability in electricity costs, insulating customers from future market price volatility of natural gas and purchased power through the addition of fuel-free power generation. After all the facilities are online by the end of 2025, an average residential customer would see an estimated initial monthly bill increase of $3.48 (2.6%). Due to ongoing market volatility, it is difficult to project the precise impact on customer bills as prices will continue to fluctuate based on variables like supply chain issues and fuel costs. The additional generating capacity is needed to meet the energy needs of PSO customers. That need has increased due to new rules from the Southwest Power Pool (SPP) that require utilities to have  available additional generation capacity to support reliability. SPP is the 14-state grid balancing authority that includes Oklahoma. "At PSO we understand the importance of providing affordable service and through this plan, we are excited to keep delivering on that commitment to our customers," said PSO President and Chief Operating Officer Leigh Anne Strahler. "This investment in fuel-free power is another step in our efforts to shield our customers against high costs while meeting their energy needs. "  PSO customers already benefit from the fuel savings of wind energy. The wind farms of North Central Energy Facilities are estimated to save customers at least $156 million in fuel costs from October 2022 to December 2023. The facilities are expected to save PSO customers $1 billion in fuel costs over 30 years. They will also help protect PSO customers from sudden spikes in natural gas prices and purchased power like those that occurred during the February 2021 winter storm. PSO's Proposed Fuel-Free Power Plan PSO's proposed fuel-free power plan includes a total Investment of $2.47 billion. The plan consists of the Lazbuddie wind, Parmer County, TX – 265 MW and Pixley solar, Barber County, KS – 189 MW, which are expected to be completed in April 2025 as well as four facilities scheduled for completion in December 2025; Flat Ridge IV wind, Kingman & Harper Counties, KS – 135 MW, Flat Ridge V wind, Harper County, KS – 153 MW, Chisholm Trail solar, Sedgwick County, KS – 103.5 MW and Algodon solar, Terry County, TX – 150 MW. About PSO PSO, a unit of American Electric Power (Nasdaq: AEP ), is an electric utility company serving more than 568,000 customer accounts in eastern and southwestern Oklahoma, powering a cleaner, brighter energy future for its customers and 232 communities. Based in Tulsa, PSO has approximately 3,800 megawatts of diverse generating capacity that primarily includes wind and natural gas. It maintains and operates more than 24,000 miles of distribution lines and 3,700 miles of transmission lines and is one of the largest distributors of wind energy in the state. Find news releases and other information at www.PSOklahoma.com . Connect with us on Facebook, Twitter, NextDoor and Instagram @PSOklahoma. About American Electric Power (AEP) American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 16,700 employees operate and maintain the nation's largest electricity transmission system and more than 224,000 miles of distribution lines to safely deliver reliable and affordable power to 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 7,100 megawatts of renewable energy. The company's plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2032. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and has committed to achieving net zero by 2045. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. AEP's family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com. SOURCE American Electric Power

American Electric Power Investments

17 Investments

American Electric Power has made 17 investments. Their latest investment was in Datamaran as part of their Series B on September 9, 2022.

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American Electric Power Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/20/2022

Series B

Datamaran

$13.3M

Yes

8

11/3/2021

Series A

Allumia

$7.5M

Yes

3

8/24/2021

Series C

Urbint

$60M

Yes

19

5/4/2021

Series D

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$99M

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10

8/5/2020

Series H - II

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$99M

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10

Date

9/20/2022

11/3/2021

8/24/2021

5/4/2021

8/5/2020

Round

Series B

Series A

Series C

Series D

Series H - II

Company

Datamaran

Allumia

Urbint

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Amount

$13.3M

$7.5M

$60M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

8

3

19

10

10

American Electric Power Portfolio Exits

7 Portfolio Exits

American Electric Power has 7 portfolio exits. Their latest portfolio exit was American Electric Power - Kentucky Operations Business on September 30, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/30/2022

Divestiture

American Electric Power - Kentucky Operations Business

$99M

1

10/27/2021

Divestiture

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$99M

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10

2/26/2021

Reverse Merger

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$99M

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10

5/15/2017

Acquired

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$99M

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10

9/14/2016

Divestiture

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$99M

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10

Date

9/30/2022

10/27/2021

2/26/2021

5/15/2017

9/14/2016

Exit

Divestiture

Divestiture

Reverse Merger

Acquired

Divestiture

Companies

American Electric Power - Kentucky Operations Business

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

American Electric Power Acquisitions

3 Acquisitions

American Electric Power acquired 3 companies. Their latest acquisition was Sempra Renewables on February 12, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/12/2019

$99M

Acquired

1

1/6/2012

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$99M

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0

11/23/1998

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$99M

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10

Date

2/12/2019

1/6/2012

11/23/1998

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

0

10

American Electric Power Partners & Customers

10 Partners and customers

American Electric Power has 10 strategic partners and customers. American Electric Power recently partnered with Clark State Community College on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/28/2022

Partner

United States

Clark State CTTC, AEP Partner to Train Participants in Women in Linework Program.

`` Clark State College Commercial Transportation Training Center is ecstatic to partner with AEP to offer the commercial driver 's license training for their Women in Linework initiative .

1

10/27/2021

Partner

United States

Home YWCA Columbus and American Electric Power Foundation Launch New Center for Racial Equity. YWCA Columbus and American Electric Power Foundation Launch New Center for Racial Equity - YWCA Columbus

That is why YWCA Columbus partners with the American Electric Power Foundation and other organizations who believe in using their resources to advance social change . ''

1

3/4/2021

Client

United States

American Electric Power : AEP Energy Partners Seeks Wind, Solar Energy in PJM

AEP Energy said Monday it is seeking renewable energy purchase agreements in areas served by PJM Interconnection .

1

12/1/2020

Licensor

United States

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10

11/16/2020

Vendor

United States

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10

Date

3/28/2022

10/27/2021

3/4/2021

12/1/2020

11/16/2020

Type

Partner

Partner

Client

Licensor

Vendor

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Clark State CTTC, AEP Partner to Train Participants in Women in Linework Program.

`` Clark State College Commercial Transportation Training Center is ecstatic to partner with AEP to offer the commercial driver 's license training for their Women in Linework initiative .

Home YWCA Columbus and American Electric Power Foundation Launch New Center for Racial Equity. YWCA Columbus and American Electric Power Foundation Launch New Center for Racial Equity - YWCA Columbus

That is why YWCA Columbus partners with the American Electric Power Foundation and other organizations who believe in using their resources to advance social change . ''

American Electric Power : AEP Energy Partners Seeks Wind, Solar Energy in PJM

AEP Energy said Monday it is seeking renewable energy purchase agreements in areas served by PJM Interconnection .

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Sources

1

1

1

10

10

American Electric Power Team

8 Team Members

American Electric Power has 8 team members, including current Chief Financial Officer, Brian Tierney.

Name

Work History

Title

Status

Brian Tierney

University of Pennsylvania, Tierney, and U.S. Small Business Administration

Chief Financial Officer

Current

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Name

Brian Tierney

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Work History

University of Pennsylvania, Tierney, and U.S. Small Business Administration

Title

Chief Financial Officer

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Status

Current

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