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AEP Releases 2014 Social Performance Summary

AEP Releases 2014 Social Performance Summary

Published 08-31-15

Submitted by AEP - American Electric Power

American Electric Power released its 2014 Social Performance Summary, highlighting the company’s investment in the communities we serve.

At AEP, being a responsible corporate citizen means supporting the communities where our employees and customers live and work. AEP employees provided thousands of hours of volunteer support for local organizations in 2014. In Central Ohio alone, AEP and the IBEW Local 1466 employees provided funding to the Mid-Ohio Foodbank for 675,000 meals.

The American Electric Power Foundation donated $25.3 million in 2014 to support more than 2,500 community organizations. Nearly 30 percent of AEP’s charitable contributions are directed to education, including AEP’s Credits CountSM program designed to eliminate barriers to higher education for urban and rural students and expose them to STEM (Science, Technology, Engineering, Mathematics) careers.

AEP also helps support local economic development. AEP provided $2.4 million in economic development grants and contributions in 2014, and nearly 21,000 jobs were created with help from AEP’s Economic & Business Development Team.

Other 2014 social performance highlights include:

-       $629.2 million in local taxes paid by AEP to support local, public services

-       $56.9 million in energy assistance provided to customers

-       Over $10 million committed to  AEP’s Credits CountSM program to support STEM education

 

For more information, view the 2015 Corporate Accountability Report online or download the app in the iTunes store

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AEP - American Electric Power

AEP - American Electric Power

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 more than 17,000 employees operate and maintain the nation’s largest electricity transmission system and more than 219,000 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 4,300 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 and east Texas). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners and AEP Renewables, which provide innovative competitive energy solutions nationwide.

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