December 07, 2020
AEP Recognized as One of America's Most Responsible Companies
COLUMBUS, Ohio, Dec. 7, 2020 – American Electric Power (Nasdaq: AEP) has been named one of America’s Most Responsible Companies 2021 by Newsweek. AEP was one of 400 companies in 14 industries included on the list, which highlights companies that are leaders in environmental, social and corporate governance (ESG) policies.
Newsweek partnered with Statista to evaluate more than 2,000 U.S.-based public companies on key performance indicators in ESG including: emissions, environmental engagement, leadership diversity, philanthropy and engagement, disclosure and transparency, and economic performance, among other factors. Statista also conducted a survey of more than 7,500 people asking for their perception of the companies.
“Our inclusion on the list of America’s Most Responsible Companies reflects AEP’s ongoing commitment to excellence in corporate citizenship,” said Nicholas K. Akins, AEP chairman, president and chief executive officer. “As we build a brighter energy future, we’ll continue to lead by example and make strategic business decisions that reduce our carbon footprint and provide value to our customers, communities and employees.”
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 17,000 employees operate and maintain the nation’s largest electricity transmission system and more than 221,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including more than 5,300 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. For more information, visit aep.com.
Other News Releases
November 14, 2024
AEP Leveraging Fuel Cell Technology to Power Data Center Growth
This customer-focused effort is the largest utility fuel cell initiative in the country
AEP is offering large customers a custom solution to support their growing energy needs with fuel cell technology. AEP has an agreement in place to secure up to 1 gigawatt (GW) of Bloom Energy solid oxide fuel cells for data centers and other large energy users who need to quickly power their operations while the grid is built out to accommodate demand. This is the largest utility fuel cell technology initiative in the nation.
November 14, 2024
Appalachian Power Explores Small Modular Reactors to Meet Future Energy Demand In Virginia
In a major step toward securing Virginia’s reliable energy future, Appalachian Power announces plans to bring Small Modular Reactors (SMRs) to Virginia. Appalachian Power representatives identified a potential site for an SMR project on company-owned Joshua Falls property in Campbell County, Virginia, and plan to begin the Early Site Permit Application process. This site provides access to existing electrical infrastructure that is necessary for a generation project. The site includes a 765 kilovolt substation and nearby roadways can support moving the necessary equipment onsite.
November 06, 2024
AEP Reports Third-Quarter 2024 Earnings, Introduces New Growth Rate and Capital Plan
- Third-quarter 2024 GAAP earnings of $1.80 per share; operating earnings of $1.85 per share
- Narrows 2024 operating earnings (non-GAAP) guidance to $5.58 to $5.68 per share, maintaining $5.63 midpoint
- Announces new long-term growth rate of 6% to 8% based off of 2025 operating earnings guidance of $5.75 to $5.95 per share
- Expands five-year capital plan to $54 billion to support reliability and demand growth