Energy giant American Electric Power (AEP) has signaled it may exit its downtown Columbus corporate headquarters. While AEP statements suggest the company could reinvest in the AEP tower or look elsewhere in central Ohio, sources say corporate leaders are shopping Ohio’s elected leaders for an “economic development” package.

AEP’s investor PowerPoint shows on slide 12 how regulated earnings from Ohio and their regulated transmission company are among the corporation’s best-performing assets. 9/3/2025