American Electric Power Co Inc (AEP) |
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American Electric Power Co Inc 's Comment on Competitors and Industry Peers
The vertically integrated public utility subsidiaries of AEP, like the electric
industry generally, face competition in the sale of available power on a wholesale
basis, primarily to other public utilities and power marketers. The Energy Policy
Act of 1992 was designed, among other things, to foster competition in the wholesale
market by creating a generation market with fewer barriers to entry and mandating
that all generators have equal access to transmission services. As a result, there
are more generators able to participate in this market. The principal factors
in competing for wholesale sales are price (including fuel costs), availability
of capacity and power and reliability of service.
AEP’s vertically integrated public utility subsidiaries also compete
with self-generation and with distributors of other energy sources, such as
natural gas, fuel oil and coal, within their service areas. The primary factors
in such competition are price, reliability of service and the capability of
customers to utilize sources of energy other than electric power. With respect
to competing generators and self-generation, the public utility subsidiaries
of AEP believe that they generally maintain a favorable competitive position.
With respect to alternative sources of energy, the vertically integrated public
utility subsidiaries of AEP believe that the reliability of their service and
the limited ability of customers to substitute other cost-effective sources
for electric power place them in a favorable competitive position, even though
their prices may be higher than the costs of some other sources of energy.
Significant changes in the global economy have led to increased price competition
for industrial customers in the United States, including those served by the
AEP System. Some of these industrial customers have requested price reductions
from their suppliers of electric power. In addition, industrial customers that
are downsizing or reorganizing often close a facility based upon its costs,
which may include, among other things, the cost of electric power. The vertically
integrated public utility subsidiaries of AEP cooperate with such customers
to meet their business needs through, for example, providing various off-peak
or interruptible supply options pursuant to tariffs filed with, and approved
by, the various state commissions. Occasionally, these rates are negotiated
with the customer, and then filed with the state commissions for approval.
The generation and marketing subsidiaries of AEP face competition for the sale
of available power, capacity and ancillary services. The principal factors impacting
us are electricity and fuel prices, new market entrants, construction or retirement
of generating assets by others and technological advances in power generation.
It is possible that changes in regulatory policies or advances in newer technologies
such as fuel cells, microturbines, windmills and photovoltaic solar cells will
reduce costs of new technology to levels that are equal to or below that of
most central station electricity production. Our ability to maintain relatively
low cost, efficient and reliable operations is a significant determinate of
our competitiveness.
With over 70% of our generation fleet fueled by coal, our overall competitive
position is impacted by the price of natural gas relative to coal. While higher
relative natural gas prices generally favor our competitive position, lower
relative natural gas prices will favor our competitors that have a higher concentration
of natural gas fueled generation. Other factors impacting our competitiveness
include transmission congestion or transportation constraints at or near our
generation facilities, inoperability or inefficiencies, outages and deactivations
and retirements at our generation facilities.
One of the most significant provisions of FERC Order No. 1000 is the removal
of the federal right of first refusal for incumbent utilities within tariffs
and agreements for certain regional transmission projects. Historically, vertically
integrated public utilities had the right to build and own transmission lines
proposed by the region’s planning processes when those lines connected
to facilities within their respective retail service territories. FERC Order
No. 1000 eliminates the federal right of first refusal in regional transmission
organization (RTO) tariffs for incumbent utilities to construct certain regional
transmission projects within their own service territories, thereby creating
the opportunity for any qualified entity to build and own regional transmission
facilities in any service territory. Transource was created to respond to FERC
Order No. 1000 competitive processes at the RTO level as described above.
Overall company Market Share Q4 2023 |
*Market share is calculated based on total revenue.
Who are American Electric Power Co Inc 's Competitors?
Ameren Corporation Share Performance
+3.49%
30 Days
|
Ameren Corporation
Profile
Ameren Corporation operates as a public utility holding company that generates and distributes electricity and natural gas in the United States. They provide reliable energy services to residential, commercial, and industrial customers while ensuring compliance with regulations and maintaining a strong focus on sustainability.
More about Ameren Corporation's Market Share
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Constellation Energy Corporation Share Performance
+28.64%
30 Days
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Constellation Energy Corporation
Profile
Constellation Energy Corporation operates as a competitive energy supplier, offering electricity and natural gas solutions to residential, commercial, and industrial customers across various regions. They generate, purchase, sell, and distribute electricity and provide various energy services to meet the diverse energy needs of their customers.
More about Constellation Energy Corporation's Market Share
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Cms energy Corporation Share Performance
-5.80%
One Year
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Cms energy Corporation
Profile
CMS Energy Corporation is a utility company that operates primarily through its subsidiary, Consumers Energy, providing electricity and natural gas services to customers in Michigan. They generate and purchase electricity, distribute it to customers, and offer various energy management and conservation programs.
More about Cms energy Corporation's Market Share
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Centerpoint Energy Inc Share Performance
-0.68%
Over The Past 5 Days
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Centerpoint Energy Inc
Profile
CenterPoint Energy Inc's business model revolves around the provision of energy delivery services. They focus on the transmission and distribution of electricity and natural gas to residential, commercial, and industrial customers. Their primary objective is to ensure the safe and reliable delivery of energy while also promoting efficient energy usage and customer satisfaction.
More about Centerpoint Energy Inc 's Market Share
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Dominion Energy Inc Share Performance
+1.80%
This Quarter
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Dominion Energy Inc
Profile
Dominion Energy Inc operates as a diversified energy company, engaging in the generation, transmission, distribution, and sale of electricity and natural gas. It primarily serves utility and retail energy customers in the Mid-Atlantic, Midwest, Northeast, and Western United States.
More about Dominion Energy Inc 's Market Share
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Dte Energy Co Share Performance
-1.26%
Over The Past 5 Days
|
Dte Energy Co
Profile
DTE Energy Co operates as a diversified energy company primarily engaged in the generation, sale, and distribution of electricity and natural gas.
More about Dte Energy Co's Market Share
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Duke Energy Corporation Share Performance
+2.79%
30 Days
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Duke Energy Corporation
Profile
Duke Energy Corporation operates as a multinational energy company that provides electricity and natural gas services to customers in various states across the United States. The company primarily focuses on electricity generation, transmission, distribution, and retail, with a significant portion of its energy portfolio coming from nuclear and renewable sources. Duke Energy also offers various energy-related services, including energy management and consulting, as part of its business model.
More about Duke Energy Corporation's Market Share
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Consolidated Edison Inc Share Performance
+0.87%
30 Days
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Consolidated Edison Inc
Profile
Consolidated Edison Inc's business model revolves around delivering reliable energy services to customers in a regulated environment. They operate as a holding company, providing electricity, gas, and steam services to customers in New York. The company focuses on maintaining and operating the necessary infrastructure, including power plants, transmission lines, and distribution systems, to ensure the continuous supply of energy. They generate revenue through the rates charged to customers for their energy usage and strive to provide efficient and environmentally friendly solutions.
More about Consolidated Edison Inc 's Market Share
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Edison International Share Performance
-0.72%
Over The Past 5 Days
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Edison International
Profile
Edison International operates as a holding company that generates and distributes electric power through its subsidiaries. It focuses on delivering reliable and affordable energy services to residential, commercial, and industrial customers.
More about Edison International's Market Share
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Empire Petroleum Corporation Share Performance
-46.69%
This Year
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Empire Petroleum Corporation
Profile
Empire Petroleum Corporation operates as an independent fuel distributor and convenience store retailer. They focus on acquiring, leasing, and expanding fuel stations across various regions in the United States. Their business model revolves around providing high-quality petroleum products to customers and generating revenue through fuel sales, retail merchandise, and food service offerings at their convenience stores.
More about Empire Petroleum Corporation's Market Share
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Eversource Energy Share Performance
-7.50%
This Year
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Eversource Energy
Profile
Eversource Energy operates as a regulated utility company that provides electricity and natural gas distribution services to customers in the New England region. The company follows a vertically integrated business model, meaning it controls the entire supply chain from generation to distribution. Eversource focuses on investing in infrastructure, implementing advanced technologies, and ensuring reliable and affordable energy solutions for its customers.
More about Eversource Energy's Market Share
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Entergy Corporation Share Performance
+2.61%
30 Days
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Entergy Corporation
Profile
Entergy Corporation operates as a diversified energy company, primarily engaging in the generation and distribution of electricity. The company provides electricity to various customer segments, including residential, commercial, and industrial customers across multiple states in the United States. Additionally, Entergy Corporation also focuses on environmental stewardship and invests in renewable energy sources to support sustainable energy practices.
More about Entergy Corporation's Market Share
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Firstenergy Corp Share Performance
+0.84%
Over The Past 5 Days
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Firstenergy Corp
Profile
FirstEnergy Corp is an electric utility company that operates and maintains electricity generation, transmission, and distribution systems in multiple states. They primarily generate revenue through the sale of electricity to residential, commercial, and industrial customers.
More about Firstenergy Corp's Market Share
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Mdu Resources Group Inc Share Performance
-3.14%
Over The Past 5 Days
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Mdu Resources Group Inc
Profile
MDU Resources Group Inc has a diversified business model focused on energy and infrastructure, providing construction services, energy transportation and storage, and electric and natural gas distribution. They aim to generate revenue and profit by delivering these services to customers across different sectors and regions.
More about Mdu Resources Group Inc's Market Share
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Macquarie Infrastructure Holdings Llc Share Performance
+12.05%
This Year
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Macquarie Infrastructure Holdings Llc
Profile
Macquarie Infrastructure Holdings LLC operates primarily infrastructure businesses that provide essential services such as transportation, energy, and telecommunications. The company focuses on investing in and managing assets that generate stable cash flow and have significant barriers to entry.
More about Macquarie Infrastructure Holdings Llc's Market Share
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Nrg Energy inc Share Performance
+93.28%
One Year
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Nrg Energy inc
Profile
NRG Energy Inc operates as a competitive energy provider, generating and selling electricity to residential, commercial, and industrial customers. They focus on diverse energy sources, including fossil fuels, renewable energy, and efficient energy solutions, to meet the needs of their customers while minimizing environmental impact.
More about Nrg Energy inc's Market Share
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Pg and e Corp Share Performance
-9.42%
This Quarter
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Pg and e Corp
Profile
PG&E Corp's business model involves generating, transmitting, and distributing electricity and natural gas to customers in California. The company also provides energy-related products and services to customers while prioritizing safety, reliability, and sustainability.
More about Pg and e Corp's Market Share
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Public Service Enterprise Group Incorporated Share Performance
+2.46%
This Quarter
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Public Service Enterprise Group Incorporated
Profile
Public Service Enterprise Group Incorporated's business model revolves around providing energy services to the public. They generate and distribute electricity, and operate in various segments such as power generation, transmission, and delivery. They also offer customer solutions, including energy efficiency programs and renewable energy initiatives.
More about Public Service Enterprise Group Incorporated's Market Share
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Ppl Corporation Share Performance
-2.22%
This Year
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Ppl Corporation
Profile
PPL Corporation's business model revolves around the generation, transmission, and distribution of electricity. The company operates primarily in the United States and delivers electricity to millions of customers through its regulated subsidiaries. PPL Corporation generates revenue by selling electricity and related services, while also focusing on maintaining a reliable and sustainable power supply.
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The Southern Company Share Performance
+0.10%
Over The Past 5 Days
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The Southern Company
Profile
The Southern Company operates as a leading energy company, primarily focusing on producing and distributing electricity. It operates a vertically integrated business model, owning a diverse portfolio of power plants and transmission and distribution facilities, which enables them to generate, transmit, and distribute electricity to its customers while ensuring reliability, affordability, and environmental sustainability.
More about The Southern Company's Market Share
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Sempra Share Performance
-4.40%
This Quarter
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Sempra
Profile
Sempra Energy operates as a diversified energy company, providing electricity, natural gas, and renewable energy solutions to customers worldwide. Their business model involves generating and distributing energy, as well as managing and operating natural gas infrastructure.
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Wec Energy Group Inc Share Performance
+3.87%
30 Days
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Wec Energy Group Inc
Profile
WEC Energy Group Inc operates as a holding company, engaging in the generation and distribution of electricity. The company primarily serves customers in Wisconsin, Illinois, Michigan, and Minnesota. Their business model focuses on providing reliable and affordable energy solutions while promoting clean and sustainable practices.
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Williams Companies Inc Share Performance
+28.83%
One Year
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Williams Companies Inc
Profile
Williams Companies Inc. operates as a natural gas infrastructure company, primarily engaged in transporting, processing, and storing natural gas.
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Xcel Energy Inc Share Performance
-14.91%
This Quarter
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Xcel Energy Inc
Profile
Xcel Energy Inc operates as a regulated electric and natural gas utility company. They generate, purchase, transmit, distribute, and sell electricity and natural gas to residential, commercial, and industrial customers in multiple states, with a focus on delivering reliable energy services at a reasonable cost.
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Csx Corporation Share Performance
+0.84%
30 Days
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Csx Corporation
Profile
CSX Corporation operates a business model as a transportation supplier, primarily offering rail-based freight services across the United States. They generate revenues by transporting a wide range of commodities for customers through their extensive rail network infrastructure.
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Norfolk Southern Corporation Share Performance
+0.74%
30 Days
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Norfolk Southern Corporation
Profile
Norfolk Southern Corporation operates as a major transportation company, primarily providing freight rail transportation services across the eastern United States. Their business model revolves around efficiently transporting goods for customers in various industries, leveraging their extensive rail network, logistics expertise, and technology solutions to deliver reliable and cost-effective services.
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Sunoco Lp Share Performance
+45.54%
One Year
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Sunoco Lp
Profile
Sunoco LP operates as a master limited partnership primarily engaged in the wholesale distribution and retail sale of motor fuels, as well as the operation of convenience stores. The company generates revenue through fuel sales to independent dealers, commission income from franchisees, and merchandise sales at their retail locations.
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Union Pacific Corp Share Performance
-2.72%
Over The Past 5 Days
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Union Pacific Corp
Profile
Union Pacific Corp's business model is focused on operating a transportation network that provides rail services across North America.
More about Union Pacific Corp's Market Share
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The Aes Corporation Share Performance
-11.32%
30 Days
|
The Aes Corporation
Profile
The Aes Corporation is a global power company that operates and develops utility-scale solar and wind power projects, as well as energy storage solutions. They generate and sell electricity to governments, utilities, and commercial customers, while continuously innovating to provide sustainable and reliable energy solutions.
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Exelon Corporation Share Performance
+4.99%
30 Days
|
Exelon Corporation
Profile
Exelon Corporation operates as a utility services holding company, primarily engaged in the generation, transmission, and distribution of electricity. It focuses on providing reliable and diverse energy solutions to customers across multiple states in the United States.
More about Exelon Corporation's Market Share
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