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

February 21, 2017
POWERS TO RETIRE FROM AEP IN AUGUST
American Electric Power announced today that Robert P. (Bob) Powers, vice chairman, will retire from the company Aug. 4.

February 20, 2017
UPDATE ON SERVICE RESTORATION IN LAREDO AREA2-20-2017 8:30 A.M.
AEP Texas crews continue efforts to restore electric service in the aftermath of the storm that rolled through the Laredo area around 8:30 p.m. on Sunday night. At one point, approximately 21,600 customers lost power. By midnight, that number had been reduced to 14,640. As of 8:30 a.m. this morning, the number of customers without power had decreased to approximately 2,700.
AEP Texas estimates that electric service will be restored to most of those customers still without power by this afternoon, if not sooner. In some cases, utility poles and power lines knocked down by high winds will have to be repaired or replaced. In other cases, many circuit breakers tripped by extensive lightening will have to be reset.
AEP Texas will post more information regarding the restoration effort as it becomes known. In the meantime, customers can monitor progress on the AEP Texas outage map at http://outagemap.aeptexas.com.s3.amazonaws.com/external/default.html. Customers also can sign up for outage alerts to receive updates on outages.

February 20, 2017
UPDATE ON RESTORATION OF SERVICE IN LAREDO AREA2-20-2017; 2:30 P.M.
As of 2:30 p.m. today the number of Laredo area residents still without power totaled approximately 415. This number compares with the approximately 21,600 customers at one point following the storm that rolled through the Laredo area around 8:30 p.m. on Sunday night. By midnight, that number had been reduced to 14,640. As of 8:30 a.m. this morning, the number of customers without power had decreased to approximately 2,700.
AEP Texas will continue to restore power to the customers still without power. Restoration of service to customers in some parts of Laredo could take until 11:30 p.m. this evening. The reason is that many of the outages, particularly in the Del Mar and other areas involve downed power lines in areas where bucket trucks do not have access. This means that crews have to resort to climbing poles in order to make repairs. There also has been an extensive amount of tree limbs and branches that have to be removed as a result of the storm.
Restoration of service to customers outside of Laredo is anticipated to be complete by around 4:30 p.m., if not sooner.
Customers can monitor progress on the AEP Texas outage map at http://outagemap.aeptexas.com.s3.amazonaws.com/external/default.html. Customers also can sign up for outage alerts to receive updates on outages.

February 17, 2017
INDIANA MICHIGAN POWER WARNS OF ONGOING SCAM ATTEMPTS
FORT WAYNE, Ind. - Indiana Michigan Power (I&M), an operating unit of American Electric Power, is warning customers of scam artists posing as I&M personnel and threatening to disconnect service unless an immediate payment is made.

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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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