January 11, 2022
AEP Named One of America's Most Just Companies for Second Consecutive Year
COLUMBUS, Ohio, Jan. 11, 2022 – American Electric Power (Nasdaq: AEP) has been named to the JUST 100 2022 list, which recognizes companies that set the standard in commitment to their stakeholders.
The JUST 100 is a list of America’s best corporate citizens. JUST Capital, in partnership with CNBC, assessed 1,000 of the nation’s largest publicly traded companies across 20 stakeholder-focused issues identified through public opinion research. Companies were evaluated on their performance in job creation; diversity, equity and inclusion; worker health and safety; environmental sustainability and other metrics.
“Corporate sustainability and accountability are critical parts of AEP’s commitment to a brighter energy future,” said Nicholas K. Akins, AEP chairman, president and chief executive officer. “Receiving this recognition for the second consecutive year reaffirms our dedication to this important work. We look forward to continuing to foster valuable relationships with our customers, communities, investors and other stakeholders while delivering clean, reliable and affordable energy.”
Learn more about AEP’s commitment to corporate accountability.
American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP’s approximately 16,700 employees operate and maintain the nation’s largest electricity transmission system and more than 224,000 miles of distribution lines to safely deliver reliable and affordable power to 5.5 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 5,900 megawatts of renewable energy. The company’s plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2030. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieving net zero by 2050. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. 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, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com.
| MEDIA CONTACT: | ||
|---|---|---|
| Sarah Devine Corporate Media Relations 614/716-2011 |
Other News Releases
February 27, 2024
AEP Completes Sale of New Mexico Solar Assets
American Electric Power has completed the sale of its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP nets approximately $104 million in cash after tax, transaction fees and other customary adjustments.
February 26, 2024
AEP Reports 2023 Earnings Results
- Year-end 2023 GAAP earnings of $4.26 per share; operating earnings of $5.25 per share
- 2024 operating earnings (non-GAAP) guidance range reaffirmed at $5.53 to $5.73 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- Company advances strategic initiatives including de-risking the business, controlling costs and investing in a modern and reliable grid to benefit customers