Two of these Ohio Utility companies.....American Electric Power and First Energy.....have their common stock trading, whereas the other two.....Duke Energy Ohio and DPL (Dayton Power & Light).....are subsidiaries of other companies, thus they do not have stock that trades, but they still file their separate financial statements with the SEC.
These four Ohio Utility Corps generated Total Audited After-tax Net Income of $2,832 mil in 2011, which was an increase of a very robust 38% from the $2,059 mil earned two years earlier in 2009.
Below here are the Audited After-tax Net Income of these four Ohio Utility Corps for each of the most recent three years.
| 2011 | 2010 | 2009 | |||
| Net | Net | Net | |||
| City | State | Income | Income | Income | |
| HQs | HQs | (Loss) | (Loss) | (Loss) | |
| mil $s | mil $s | mil $s | |||
| Ohio Utility Corps | |||||
| American Electric Power | Columbus | OH | 1,576 | 1,218 | 1,370 |
| First Energy | Akron | OH | 869 | 718 | 856 |
| Duke Energy Ohio | Cincinnati | OH | 194 | (441) | (426) |
| Dayton Power & Light | Dayton | OH | 193 | 278 | 259 |
| Total all 4 | 2,832 | 1,773 | 2,059 | ||
| Annual Earnings Percentage Change | 60% | -14% | |||
| Two Year (2009-2011) Earnings Increase | |||||
| …..Amount | 773 | ||||
| …..Percentage | 38% | ||||
As you can see from the above, the huge, broad-based American Electric Power (AEP) generated 56% of the total earnings in 2011 of all four of these large Ohio Utility Corps combined.
AEP had its common stock trading on Tuesday October 23, 2012 at $44.62 per share, which was a very robust 37% increase from the $32.50 it was trading at just before President Obama took office.
And AEP's impressive 37% stock market price increase during the Obama Administration is understated in real terms since it does not include the huge amount of cash dividends its investors have received in the past 15 quarters of the Obama Administration.
Investors buy Utility Stocks mainly for the robust cash dividends they receive, not for longer-term stock price appreciation. Thus, when they get a huge stock market increase to boot, they have to be very pleased.
