May 09, 2019
AEP Releases 2019 Corporate Accountability Report
COLUMBUS, Ohio, May 9, 2019 – American Electric Power (NYSE: AEP) has issued its 2019 Corporate Accountability Report, an annual assessment of its performance as a public company and a community partner. This is the 13th year AEP has released the report, which details its developments in energy and technology, social responsibility, community investments and environmental stewardship.
The report’s theme, “Innovating for a Boundless Energy Future,” mirrors AEP’s efforts to embrace technology and digitization to deliver clean, reliable energy to its customers and value to its shareholders, while also being a positive force in the communities it serves.
“At AEP, we see a future full of opportunities for our customers, employees, investors, communities and our company. To create this future, we must be increasingly innovative to develop cutting-edge solutions to complex problems. We must be agile and adaptable to leverage rapid, sometimes unpredictable, changes in technology. And we must nurture a diverse and engaged workforce that is clearly focused on delivering 21st century customer service as we further electrify our economy,” said Nicholas K. Akins, AEP chairman, president and chief executive officer, in the report’s introduction.
Four key principles of the company’s sustainable development strategy – being a catalyst for change; supporting environmental stewardship; supporting strong local communities; and building a brighter energy future together with its customers – guide AEP as the company creates benchmarks and goals. Some highlights and achievements detailed in the report include:
- Continued efforts to reduce carbon emissions, add renewable resources into AEP’s energy portfolio and invest in a smarter, more modern power grid to achieve a cleaner energy future
- The deployment of more than 100 electric vehicle charging ports at AEP facilities – one of the largest workplace installations in the nation – to support electrification and reduce the company’s environmental footprint
- The opening of a Social Media Center staffed by customer care agents and corporate communications staff who interact with customers seven days a week to forge relationships with customers while enhancing their experience
- The creation of Charge, an AEP digital hub that incubates and develops projects with potential to deliver value to customers and the company, to encourage continued innovation
- The formation of the 2025 Diversity and Inclusion Roadmap and the appointment of a Chief Diversity and Inclusion Officer to cultivate a diverse workforce and an inclusive culture
To view the 2019 Corporate Accountability Report and learn more about AEP’s sustainable development strategy, visit www.aepsustainability.com.
American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP’s approximately 18,000 employees operate and maintain the nation’s largest electricity transmission system and nearly 220,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.4 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 32,000 megawatts of diverse generating capacity, including more than 5,000 megawatts of renewable energy. AEP’s family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide.
# # #
Corporate Media Relations
Other News Releases
April 23, 2019
AEP Names McCarthy to Board of Directors
Margaret (Meg) McCarthy, executive vice president – Technology Integration, CVS Health Corp., has been elected to the American Electric Power (NYSE: AEP) Board of Directors.
April 22, 2019
AEP Completes Purchase of Wind Assets from Sempra Acquisition, Advances Part of Planned $2.2 Billion Investment in Contracted Renewables by 2023
American Electric Power (NYSE: AEP) today announced that its competitive renewable energy subsidiary, AEP Clean Energy Resources, has completed the purchase of Sempra Renewables LLC and its 724 megawatts (MW) of operating wind generation and battery assets for approximately $1.05 billion. AEP will pay Sempra $584 million in cash, which includes $33 million in working capital, and assume $470 million in existing project debt and tax equity obligations, subject to adjustments.
March 11, 2019
Spitznogle Named AEP Vice President, Environmental Services
American Electric Power has named Gary O. Spitznogle vice president, Environmental Services. He will succeed John M. McManus, senior vice president, Environmental Services, who is retiring later this year.