American Electric Power

2014 Corporate Accountability Report - Previous

We Have the Future in Focus

Safe, reliable and affordable energy has long been the backbone of America’s economy, delivering comfort to customers, a competitive edge to businesses and a quality of life that others emulate. To ensure a secure energy future, we need a diverse resource mix.

At AEP, we have the future in focus.

2026 Projected AEP Owned Generating Capacity by Fuel

Performance

In many ways, the electric grid is a social safety net. Our strategy will strengthen this safety net to improve quality of life, customer satisfaction and system reliability, and provide our employees with a safe and engaging workplace.

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People

To grow our business, enhance the experience our customers have with AEP, and build, maintain and operate a modern grid, we rely on our employees to carry us forward.

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Utility of the Future

We are fundamentally changing how we operate and manage our business. Substantial technological and structural shifts within the energy landscape are driving us to build a new model for the future.

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AEP's Plan for Sustainable Growth

The Value of Electricity

Building the Utility of the Future

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News & Announcements

September 24, 2016
KENTUCKY POWER IMPLODES BIG SANDY UNIT 2 TOWER
A cooling tower at the Big Sandy Power Plant that had been idled when EPA guidelines led to the closure of Unit 2 was imploded on Saturday. The Unit 2 cooling tower, measuring 395 feet in diameter at its base and reaching 370 feet into the sky, came tumbling down at 9 a.m. as Bob Armstrong, a retired 30-year employee of the plant, pushed the button that triggered the blast. Some 500 pounds of explosives were used to bring down the tower.

September 20, 2016
PSO SPONSORS FFA COLT CONFERENCE IN ENID
"The Bottom Line" is the theme for this year's Oklahoma FFA Chapter Officer Leadership Training (COLT) Conference, which will be held September 27 at the Enid Events Center in Enid.

September 14, 2016
AEP TO SELL FOUR COMPETITIVE POWER PLANTS TO BLACKSTONE AND ARCLIGHT JOINT VENTURE
American Electric Power has signed an agreement to sell four competitive power plants totaling approximately 5,200 megawatts (MW) for approximately $2.17 billion to a newly formed joint venture of Blackstone (NYSE: BX) and ArcLight Capital Partners LLC (ArcLight).

September 13, 2016
AEP OHIO SCHEDULES SECOND OPEN HOUSE TO DISCUSS NEW ELECTRIC TRANSMISSION LINE IN MONROE COUNTY
GAHANNA, Ohio, Sept. 13, 2016 - AEP Ohio, a unit of American Electric Power (NYSE: AEP), AEP Ohio Transmission Company Inc., Buckeye Power and Washington Electric Cooperative are taking steps to improve electric service in Marietta and the surrounding area. The plan includes construction of a new 138-kilovolt (kV) transmission line in Monroe County.

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A Sustainable Future

In many ways, the electric grid is a social safety net. Our strategy will strengthen this safety net to improve quality of life, customer satisfaction and system reliability.

Materiality

AEP conducted a materiality assessment in 2012 to ensure that we are reporting on sustainability issues that are of importance to our stakeholders and our business. This assessment was compared with the material risks of the company to validate relevance and importance. AEP's reporting is guided by the Global Reporting Initiative and the International Integrated Reporting Council.

Read more about AEP's materiality survey

Statement of the AEP Board of Directors

The AEP Board of Directors has assigned responsibility for monitoring and overseeing the company's sustainability initiatives to the Board's Committee on Directors and Corporate Governance. This is the fifth year AEP has integrated its sustainability reporting with financial reporting. The Committee fully supports this approach. Stakeholders have expressed approval and appreciation for AEP's leadership with this integrated approach to corporate reporting.

Read the AEP Board of Directors Statement

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