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American Electric Power (NYSE:AEP) publishes 2009 Corporate Sustainability Report
American Electric Power (NYSE:AEP) publishes 2009 Corporate Sustainability Report
Published 04-28-09
Issued by AEP - American Electric Power
Summary
The Report outlines issues that affect the company's long-term sustainability, including climate change; environmental performance
Report Highlights
American Electric Power’s (AEP) 2009 Corporate Sustainability Report outlines issues that affect the company’s long-term sustainability, including climate change; environmental performance; public policy; energy security, reliability and growth; work force issues; stakeholder engagement; and leadership, management and strategy. For more information or to view AEP’s full report visit www.aep.com/citizenship/crreport/
“Today’s economic challenges will require us to think more creatively about how to fulfill our sustainability commitments to protect people and the environment,” said AEP’s Chairman, President & CEO Michael Morris. “This includes continuing to work with our regulators, policymakers and stakeholders to develop a comprehensive energy policy and the alternative regulatory structures that will allow the electric industry to help drive our country’s economic recovery, address climate change and ensure that we have the talent and resources to develop new technologies that will meet our customers’ needs in the future.”
AEP’s third annual report announces more than a dozen new goals. Most notably:
A doubling of its renewable energy goal, with support from regulators; An energy use reduction goal to support energy efficiency initiatives; and Safety goals for contractors tied to compensation for senior officers.
As part of AEP’s focus on sustainability, company management met with more than 100 stakeholders during the past year to receive input about the company and its business practices. Their feedback is woven throughout the report.
American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined.
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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.