Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: American Electric Power
Current Parent Company: American Electric Power
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $30,000,000
Year: 2005
Date: January 26, 2005
Offense Group: competition-related offenses
Primary Offense: energy market violation
Secondary Offense: data submission deficiencies
Violation Description: American Electric Power, Inc. and AEP's wholly-owned subsidiary, AEP Energy Services, Inc. (AEPES) resolved an ongoing federal investigation into the submission of knowingly inaccurate reports by AEPES concerning a commodities market. AEPES agreed to pay a criminal penalty of $30 million.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: Ohio
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: utilities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.