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American Electric Power Company, Inc.

Nasdaq: AEP5 operating utilitiesMI, OH, TX, VACompany website ↗
Open matters
2
Pending outcomes
0
Last review
Jul 20, 2026

Operating utilities

Operating utilityRegulatorRate baseAuthorized ROEAuthorized equity ratioOpen matters
AEP Ohio

OH · electric

$8.89B9.84%50.9%1
AEP Texas

TX · electric

$13.63B9.76%42.5%0
Appalachian Power

VA · electric

$14.22B9.75%48.2%1
Indiana Michigan Power

MI · electric

$6.89B9.86%48%0
SWEPCO Texas

TX · electric

$10.5B9.25%49.4%0

Open rate cases

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Recent decisions

Across operating utilities

Regulatory economics

Requested and authorized revenue

Case values remain separate by utility and docket; they are not summed across test periods.

Utility and caseStageRequestedAuthorized
Appalachian Power

PUR-2026-00044

Hearing$61.4MNot available
AEP Ohio

25-392-EL-AIR

Briefing$97MNot available
AEP Texas

56165

CompleteNot availableNot available
Appalachian Power

PUR-2024-00024

CompleteNot availableNot available
Indiana Michigan Power

U-21461

Complete$34M$17.33M

ROE and rate-base history

Most recent ROE and rate-base observations by operating utility.

UtilityMetricPositionAs ofValue
Appalachian Power

PUR-2026-00044

Return on equityutility requestMay 29, 202610.5%
AEP OhioReturn on equityauthorizedMar 31, 20269.84%
AEP TexasReturn on equityauthorizedMar 31, 20269.76%
Appalachian PowerReturn on equityauthorizedMar 31, 20269.75%
SWEPCO TexasReturn on equityauthorizedMar 31, 20269.25%
AEP OhioRate basedisclosed actualDec 31, 2025$8,894M
AEP TexasRate basedisclosed actualDec 31, 2025$13,627M
Appalachian PowerRate basedisclosed actualDec 31, 2025$14,215M
Indiana Michigan PowerRate basedisclosed actualDec 31, 2025$6,887M
SWEPCO TexasRate basedisclosed actualDec 31, 2025$10,500M
AEP Ohio

25-392-EL-AIR

Rate baseutility requestMay 30, 2025$5,100M
AEP Ohio

25-392-EL-AIR

Return on equityutility requestMay 30, 202510.9%
Appalachian Power

PUR-2024-00024

Return on equityauthorizedNov 20, 2024Not specified
Appalachian Power

PUR-2024-00024

Return on equityutility requestNov 20, 2024Not specified
AEP Texas

56165

Return on equityauthorizedNov 17, 2024Not specified
AEP Texas

56165

Return on equityutility requestNov 17, 2024Not specified
Indiana Michigan Power

U-21461

Return on equityauthorizedJul 2, 20249.86%
Indiana Michigan Power

U-21461

Return on equityutility requestJul 2, 202410.5%
Indiana Michigan PowerReturn on equityauthorizedJul 1, 20249.86%

Large-load tariffs

No published large-load tariff is linked to this parent portfolio.

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