CEO Update: Nicholas K. Akins retired as AEP’s CEO effective December 31, 2022, after leading the company since 2011. Julie Sloat briefly served as CEO in 2023 before departing in February 2024. Bill Fehrman was appointed President and CEO effective August 1, 2024, and now also serves as Chairman of the Board.
American Electric Power (AEP), one of the largest electric utilities in the United States, was founded in 1906 and is headquartered in Columbus, Ohio. Today, AEP CEO Bill Fehrman leads a company that serves approximately 5.6 million customers across 11 states through the nation’s largest electricity transmission network spanning over 40,000 miles. Appointed in August 2024 after a distinguished career that included leading Berkshire Hathaway Energy and Centuri Holdings, Fehrman brings over four decades of energy industry expertise to AEP. Under his leadership, AEP reported full-year 2024 GAAP earnings of $5.60 per share, a 31% increase over the prior year, as the company capitalizes on surging commercial load growth driven by data center development.
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Bill Fehrman – Quick Facts
AEP Competitors
Ranking on the Fortune 500 list, American Electric Power operates in the highly competitive electric utility industry. The key competitors of AEP include:
- NextEra Energy (FPL, NextEra Energy Resources) – largest U.S. utility by market cap
- Duke Energy – major regulated utility serving the Southeast and Midwest
- Southern Company – serves 9 million customers across the southern U.S.
- Dominion Energy – large Virginia-based integrated utility
- Exelon Corporation – leading transmission and distribution utility
- Xcel Energy – clean energy leader serving the Upper Midwest and Southwest
- FirstEnergy – utility serving customers across the Ohio Valley and Mid-Atlantic
- Entergy Corporation – integrated utility serving the Gulf states
Bill Fehrman Net Worth 2026 – AEP CEO Salary
As of 2026, Bill Fehrman net worth is estimated at approximately $6–10 million USD, reflecting his decades of leadership across multiple major energy companies including Berkshire Hathaway Energy, Centuri Holdings, and now AEP. His net worth is expected to grow substantially given his significant equity-based compensation at AEP.
AEP CEO Compensation Breakdown (FY2024 – Partial Year)
Fehrman joined AEP on August 1, 2024, so his 2024 compensation reflects approximately five months of service. His annualized target compensation going forward is approximately $14.3 million.
AEP Net Worth 2026 – Is American Electric Power Profitable?
Yes, American Electric Power is a highly profitable company. Under AEP CEO Bill Fehrman, the utility giant reported robust financial results for fiscal year 2024, with GAAP earnings surging 31% year-over-year.
AEP Financial Summary (FY2024)
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AEP CEO Email Address | Bill Fehrman Contact
Below are the official contact details and social media profiles for AEP CEO Bill Fehrman:
Career & Education – Company, University, & College
Bill Fehrman’s career spans over four decades in the energy and utility industry, encompassing leadership of some of the largest power companies in North America. Below is his complete career timeline:
Bill Fehrman Career Timeline
Before becoming AEP CEO, Bill Fehrman built an extensive career across multiple major energy companies. He started in the utility industry in 1984, joining the Nebraska Public Power District where he rose through engineering and management ranks to eventually become President and CEO of the state’s largest electric utility.
Fehrman then served as President and CEO of PacifiCorp Energy, a subsidiary of Berkshire Hathaway Energy, and subsequently led MidAmerican Energy Company as President and CEO from 2007 to 2018. In that role, he oversaw the company’s transformation into a renewable energy leader in the Midwest.
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In 2018, Fehrman was elevated to lead Berkshire Hathaway Energy, one of Warren Buffett’s key subsidiaries, serving as President, CEO, and Director until 2023. He then joined Centuri Holdings Inc. as President and CEO, successfully guiding its launch as a publicly traded company. AEP’s Board of Directors appointed him President and CEO effective August 1, 2024, and he was subsequently elected Chairman of the Board.
Education
Bill Fehrman Wiki – Age, Family, & More
AEP CEO Bill Fehrman (age approximately 64) is a seasoned energy industry executive with over 40 years of experience. A native of Nebraska, Fehrman began his career in the utility sector shortly after graduating from the University of Nebraska–Lincoln in 1984. He keeps his personal and family life private, and detailed information about his spouse and children is not publicly available.
Notable Achievements & Recognitions
- Led Berkshire Hathaway Energy – Served as CEO of one of Warren Buffett’s most prized subsidiaries, managing a portfolio of regulated utilities and renewable energy assets
- MidAmerican Energy Transformation – Under his leadership (2007–2018), MidAmerican became a pioneer in wind energy in Iowa, the first major U.S. utility to generate 100% of customer demand from wind
- Centuri IPO – Successfully launched Centuri Holdings as a public company in 2024
- Nuclear & Cybersecurity Expertise – Completed MIT’s Reactor Technology Program and the Institute of Nuclear Power Operations Senior Nuclear Plant Management Course
- Board Member, Vestas Wind Systems – Serves on the board of the world’s largest wind turbine manufacturer
- Industry Leadership – Known for expertise spanning finance, operations, regulatory affairs, safety, cybersecurity, and renewable energy
Fehrman’s appointment at AEP was widely lauded by industry analysts, with the company’s Board praising his “diverse background in finance, operations, regulatory matters, safety, cybersecurity and renewable energy” as instrumental to advancing AEP’s strategic vision in a period of unprecedented energy demand growth.
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About American Electric Power (AEP)
American Electric Power is one of the largest electric utilities in the United States, headquartered in Columbus, Ohio. Founded in 1906, AEP serves approximately 5.6 million customers in 11 states through its network of regulated operating companies:
AEP trades on NASDAQ under the ticker symbol AEP. The company owns the nation’s largest electricity transmission network, spanning approximately 40,000 miles, and has approximately 17,600 employees. AEP is experiencing significant growth driven by data center demand and economic development across its service territory.
Frequently Asked Questions (FAQ)
Who is the current CEO of AEP (American Electric Power)?
The current CEO of American Electric Power is Bill Fehrman (William J. Fehrman), who was appointed Chairman, President, and Chief Executive Officer effective August 1, 2024. He succeeded interim CEO Ben Fowke and replaced Julie Sloat, who departed in February 2024. Before joining AEP, Fehrman served as CEO of Centuri Holdings and Berkshire Hathaway Energy.
What is Bill Fehrman’s net worth in 2026?
As of 2026, Bill Fehrman’s net worth is estimated at $6–10 million USD, accumulated through decades of executive leadership at major energy companies including Berkshire Hathaway Energy, Centuri Holdings, and now AEP. His net worth is expected to grow substantially through equity compensation at AEP.
What is AEP CEO’s salary?
Bill Fehrman’s total compensation for his partial year in fiscal 2024 (August–December) was approximately $13.3 million, including a prorated base salary of $628,846, $3.1 million in signing bonus and short-term incentives, and $9.47 million in stock awards. His annualized base salary is $1.5 million, with a total target compensation exceeding $14 million.
What is AEP CEO’s email address?
AEP CEO Bill Fehrman can be reached via email at [email protected]. For media inquiries, contact Tammy Ridout at (614) 716-2347. For investor relations, contact Darcy Reese at (614) 716-2614. AEP’s corporate headquarters is located at 1 Riverside Plaza, Columbus, OH 43215.
What happened to Nicholas Akins as AEP CEO?
Nicholas K. Akins retired as AEP’s CEO effective December 31, 2022, after leading the company since 2011. He briefly served as Executive Chairman of the Board before fully retiring. Julie Sloat succeeded Akins as CEO in January 2023 but was removed by the Board in February 2024. Ben Fowke served as interim CEO before Bill Fehrman was appointed in August 2024.
Is American Electric Power a profitable company?
Yes, AEP is highly profitable. In fiscal year 2024, the company reported GAAP net income of $2.97 billion ($5.60 per share), a 34.4% increase year-over-year. Revenue was $19.7 billion, and operating earnings reached $5.62 per share. AEP benefits from strong commercial load growth driven by data center development across its 11-state service territory.
Article last updated:February 2026March 2, 2026