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American Electric Power (NYSE:AEP) publishes 2011 Corporate Accountability Report
American Electric Power (NYSE:AEP) publishes 2011 Corporate Accountability Report
Published 04-27-11
Issued by AEP - American Electric Power
Summary
The report sheds light on the company's business transformation that is under way & the associated challenges
Report Highlights
American Electric Power (NYSE:AEP), a CorporateRegister.com PriorityReporter, has published its 2011 Corporate Accountability Report. This integrated financial and nonfinancial report is backed by an extensive website – www.AEPsustainability.com. AEP’s report achieved a GRI-checked Application Level A and was internally audited. A statement of management accountability from AEP’s Board of Directors also is in the report, which is available online or as a hard copy.
The 2011 Corporate Accountability Report sheds light on the company’s business transformation that is under way and the associated challenges. Other highlights include:
An interview with two board members on risk management, corporate governance and how sustainability is managed at the board level; The transition in leadership under way at the board and senior management levels; 2010 financial performance and projected future growth; A new GHG reduction goal; Environmental performance and regulatory challenges; Safety and health performance, including new goals for large contractors; Stakeholder engagement; and The company’s work with suppliers to improve/enhance their environmental performance.
About AEP
AEP is one of the largest coal-burning electric utilities in the United States, serving about 5.3 million customers in portions of 11 states. Approximately 80 percent of the energy provided to customers in 2010 came from coal. AEP owns nearly 39,000 megawatts of generating capacity and a 39,000 mile transmission network that includes more 765-kilovolt extra-high voltage transmission lines than any other transmission company in the U.S. The company also operates a 216,000 mile distribution network.
To provide feedback on this report and AEP’s sustainability efforts, please visit www.aepsustainability.com/contactus/
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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.