January 24, 2017 4:39 PM ET

Electric Utilities

Company Overview of Ohio Power Company

Company Overview

Ohio Power Company engages in the transmission and distribution of electric power in Ohio. It serves various industries, including primary metals, chemicals and allied products, health services, electronic machinery, petroleum refining, and rubber and plastic products. The company serves approximately 1,468,000 retail customers. Ohio Power Company was founded in 1907 and is based in Columbus, Ohio. Ohio Power Company operates as a subsidiary of American Electric Power Co., Inc.

1 Riverside Plaza

Columbus, OH 43215

United States

Founded in 1907

1,552 Employees

Phone:

614-716-1000

Key Executives for Ohio Power Company

Chairman and Chief Executive Officer
Age: 56
President and Chief Operating Officer
Age: 47
Chief Financial Officer, Executive Vice President and Director
Age: 48
Chief Accounting Officer and Controller
Vice President of Distribution Operations
Compensation as of Fiscal Year 2016.

Ohio Power Company Key Developments

The Public Utilities Commission of Ohio Issues Orders on AEP Ohio ESP & PPA Rider

The Public Utilities Commission of Ohio issued decisions on rehearing in both AEP Ohio's electric security plan (ESP) application and its expanded power purchase agreement (PPA) proposal. In the decision on rehearing in AEP Ohio's ESP application, the Commission reaffirms its February 2015 decision that authorization of the PPA rider is permitted by Ohio law. In the decision on rehearing in AEP Ohio's expanded PPA proposal, the Commission granted AEP Ohio's rehearing request to forego the affiliate PPA and retain only the PPA related to the Ohio Valley Electric Corporation (OVEC) in its PPA rider. This serves to preserve the commitments agreed upon by AEP Ohio and several signatory parties. On March 31, 2016, the Commission modified an agreement related to AEP Ohio's affiliate and OVEC PPA rider proposal. The agreement includes AEP Ohio's commitments to future proposals that promote economic development and retail competition, facilitate energy efficiency measures, reduce carbon emissions, expand the development of renewable resources, and pursue grid modernization in the state. On May 2, 2016, AEP Ohio filed an application for rehearing to retain only the OVEC PPA in its PPA rider in light of a decision from the Federal Energy Regulatory Commission to rescind AEP's affiliate waivers.

AEP Ohio Announces Open House for Grid Improvements in Findlay Area

AEP Ohio announced an approximately $30 million investment to improve the electric transmission system in Wood and Hancock counties. The area improvements are essential to ensure that reliable electric service continues to be available to customers. Plans include proactively rebuilding three lines that comprise approximately 30 miles of 34.5-kilovolt (kV) transmission line. Existing wood poles will be replaced with sturdier steel poles and new higher voltage 69-kV line. Improvements proactively replace older infrastructure, which will help decrease outages and time needed to restore service when outages do occur. Increasing the voltage ensures the electric grid can support the growing demand for electricity in the area.

AEP Ohio Unveils New Electrical Surge Coverage

AEP Ohio, a unit of American Electric Power, has announced that it will offer residential customers who rent the option of obtaining protection to repair or replace electrical products damaged due to power surges. This new coverage is one of several service plans offered by the company's home warranty program announced in May 2014, through its partnership with HomeServe USA. The roll out will be conducted in phases, first to rental customers, and then expanded to include homeowners later 2015.

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Recent Private Companies Transactions

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