American Electric Power has agreed to pay $19 million to settle with the Securities and Exchange Commission after regulators accused the company of misleading investors about its involvement in the House Bill 6 scandal. AEP had previously claimed to investors and the public that neither the company nor its subsidiaries ever contributed to a “dark money” nonprofit controlled by former Speaker Larry Householder, however tax records showed $1.2 million in contributions to two Householder-controlled groups.

In settling with the SEC, AEP doesn’t admit or deny the SEC’s findings. 1/22/2024