American Electric Power

American Electric Power (AEP) is an investor-owned monopoly utility company that serves 5.6 million customers in 11 states through its subsidiaries AEP Ohio, AEP Texas, Appalachian Power, Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company. In 2025, AEP agreed to pay a $19 million penalty to settle an SEC investigation that found AEP violated securities laws by failing to inform investors of its funding and control of a dark money group involved in a utility corruption scandal in Ohio.

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Six Ohio utilities contributed $2 million to DGA and RGA as Amy Acton and Vivek Ramaswamy campaigned on lowering energy bills 

Six of Ohio’s largest investor-owned electric and gas utilities contributed more than $2 million to the Republican Governors Association and Democratic Governors Association since January of last year, in an election cycle where Republican Vivek Ramaswamy and Democrat Amy Acton have both campaigned on lowering energy bills for Ohioans if elected as governor.  The six...

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