Appalachian Power
Charleston, West Virginia, United States · Energy, Manufacturing, Oil And Gas
Appalachian Power is a utility company that generates and distributes electricity. It serves customers in West Virginia and Virginia. The company is focused on providing reliable power and meeting the needs of its community. Appalachian Power is a subsidiary of American Electric Power.
Key facts
- Headquarters
- Charleston, West Virginia, United States
- Employees
- 17,000
- Industries
- Energy, Manufacturing, Oil And Gas
- Status
- Public (AEP)
- Website
- aep.com
- Company page
Recent activity at Appalachian Power
- : American Electric Power Announces Departure of President of Nuclear Development
- : SEC 8-K (5.02): On September 29, 2026, Alicia Knapp, the President of Nuclear Development at American Electric Power, departed from the Company. This involuntary separation may lead to her receiving benefits under AEP's Executive Severance Plan, which could amount to one times her current salary along with prorated vesting of her performance shares and restricted stock units. To finalize these benefits, Ms. Knapp is required to enter into a severance agreement that includes a release of claims against the Company and a noncompetition provision. This transition may impact the Company's operational strategy within the nuclear sector, given Ms. Knapp’s significant role.
- : AEP to finalize acquisition of Black Diamond Power
- : SEC 8-K (5.02): On July 20, 2026, the Board of Directors of American Electric Power Company, Inc. elected David S. Marriott and Charles J. Meyers as directors effective immediately. Mr. Marriott, a seasoned executive from Marriott International, will serve on the Audit and Technology Committees, while Mr. Meyers, the Executive Chairman of Equinix, will join the Nominating, Governance & Compensation Committee and the Nuclear Oversight Committee. Both directors are deemed 'independent' under NASDAQ and SEC rules, and they will receive standard compensation for non-employee directors, reinforcing the Board's commitment to governance. Their terms will last until the 2027 annual meeting of shareholders, potentially influencing the Company's future strategic direction.
- : SEC 8-K (1.01): On May 12, 2026, American Electric Power Company, Inc. entered into forward sale agreements for 20,472,442 shares of its common stock with Bank of America, N.A., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC, acting as forward purchasers. On May 13, 2026, underwriters exercised an option to purchase an additional 3,070,866 shares, leading to further agreements. The initial forward sale price is set at $124.968 per share, with a settlement expected by May 31, 2028, contingent upon the Company's election to physically settle the agreements. This transaction aims to optimize capital structure and manage equity financing effectively.
- : American Electric Power Appoints Adrian Rodriguez as President and COO of AEP Texas
- : SEC 8-K (5.02):
- : SEC 8-K (5.02): On February 13, 2026, Henry P. Linginfelter, a member of the Board of Directors of American Electric Power Company, Inc., announced that he would not stand for re-election at the 2026 Annual Meeting of Shareholders. His decision was communicated to the board and is not related to any disagreements concerning the company’s operations or policies. This change in the board composition may impact future governance and strategic decisions of the company.
- : SEC 8-K (8.01): On January 4, 2026, an unregulated subsidiary of American Electric Power (AEP) executed an unconditional purchase agreement to acquire a substantial portion of its option for solid oxide fuel cells, valued at approximately $2.65 billion, to develop a fuel cell generation facility. Additionally, AEP entered into a 20-year offtake arrangement for 100% of the output of this facility with a high investment grade customer. This project is expected to be located near Cheyenne, Wyoming. The offtake agreement is conditional, with AEP expecting the conditions to be met by the second quarter of 2026, and safeguards in place to compensate AEP for any incurred capital and costs should those conditions not be satisfied.
- : SEC 8-K (8.01): On January 4, 2026, American Electric Power Company's unregulated subsidiary executed an unconditional purchase agreement to acquire a substantial portion of its option for solid oxide fuel cells for the development and construction of a fuel cell generation facility at an estimated cost of approximately $2.65 billion. This agreement follows a prior purchase agreement from November 2024 to acquire 100 MWs of solid oxide fuel cells, with an option for an additional 900 MWs. Additionally, a 20-year offtake arrangement was established with a high investment-grade third-party customer to procure 100% of the output from the new facility, which is expected to be located near Cheyenne, Wyoming, pending fulfillment of certain conditions expected to be met by the second quarter of 2026. This acquisition is strategic for expanding AEP's renewable energy capabilities and diversifying its energy portfolio.
Leadership
- Alicia Knapp, President
- Adrian Rodriguez, President
- Bill Fehrman, President
- Phil Ulrich, Chief Human Resources Officer
- Chris Brathwaite, Chief Communications Officer
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Employee benefit plans
Appalachian Power files 2 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Appalachian Power in the news
- AEP Reports Second-Quarter 2026 Earnings, Raises Full-Year Guidance - AEP.com (Jul 30, 2026)
- AEP Ohio Partners to Bring $4.2B in New Electric Infrastructure in Appalachian Ohio Without Raising Customer Rates - AEP.com (Mar 20, 2026)
- AEP Names Brian Abraham to Lead Appalachian Power, Aaron Walker Appointed to Nuclear Development Organization Role - AEP.com (Mar 17, 2026)
- AEP Names David Marriott and Charles Meyers to Board of Directors - AEP.com (Jul 21, 2026)
- AEP Reports First-Quarter 2026 Earnings, Reaffirms Guidance and Increases Five-Year Capital Plan - AEP.com (May 05, 2026)
- AEP Reports Fourth Quarter and Full-Year 2025 Results, Reaffirms Long-Term Growth Outlook - AEP.com (Feb 12, 2026)
- Appalachian Power Seeks Solar Energy Proposals In Virginia - AEP.com (Nov 09, 2025)
- AEP Reports Third-Quarter 2025 Operating Earnings, Updated Capital Plan Drives New Long-Term Growth Rate - AEP.com (Oct 29, 2025)
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About Appalachian Power: questions and answers
What does Appalachian Power do?
Appalachian Power is a utility company that generates and distributes electricity. It serves customers in West Virginia and Virginia. The company is focused on providing reliable power and meeting the needs of its community. Appalachian Power is a subsidiary of American Electric Power.
Where is Appalachian Power headquartered?
Appalachian Power is headquartered in Charleston, West Virginia, United States.
How many employees does Appalachian Power have?
Appalachian Power has about 17,000 employees.
Who leads Appalachian Power?
Alicia Knapp is a President at Appalachian Power.
What is the latest news on Appalachian Power?
On Sep 30, 2026, American Electric Power Announces Departure of President of Nuclear Development
Is Appalachian Power a public company?
Yes. Appalachian Power is publicly traded under the ticker AEP.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy