Violation Tracker Individual Record

Company: 
American Electric Power
Current Parent Company: 
American Electric Power
Penalty: 
$30,000,000
Year: 
2005
Date: 
January 26, 2005
Primary 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 Parent: 
USA
HQ State of Parent: 
Ohio
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
utilities and power generation
Specific Industry of Parent: 
utilities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.