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American Electric Power (NYSE: AEP) publishes 2012 Corporate Accountability Report
American Electric Power (NYSE: AEP) publishes 2012 Corporate Accountability Report
Published 04-24-12
Issued by AEP - American Electric Power
Summary
The theme of this year's report is "Transition. Accountability. Performance."
Report Highlights
American Electric Power (NYSE: AEP), a CorporateRegister.com PriorityReporter, is at the forefront of a major transformation of the electric utility industry in the United States. In its 2012 Corporate Accountability Report, AEP outlines the significant challenges it is faced with and its strategy for a sustainable transformation. Several factors, including the economy, new environmental regulations, the cost-competitiveness of natural gas versus coal, aging coal units, and increased market competition are the key drivers of this transition. Highlights in the report include:
- A transition of top corporate leadership
- Details of AEP’s four-part strategy for success
- Reliability concerns associated with new environmental regulations
- An interview with members of AEP’s board of directors about the business of governance
- Greater clarity around the interdependencies of AEP’s financial performance with its operational performance
- An overview of environmental and safety performance
- The challenges of and commitment to stakeholder engagement
- Cyber security threats and readiness
For the first time, AEP’s 2012 Corporate Accountability Report is mapped to the draft International Integrated Reporting Council framework for integrated reporting. The report also received a GRI-checked Application Level A for the fourth consecutive year. This is AEP’s third integrated report and the sixth year of reporting sustainability performance. The theme of this year’s report is “Transition. Accountability. Performance.” The report is backed by a dedicated web site – www.AEPsustainability.com.
About AEP
AEP is one of the largest electric utilities in the United States, serving 5.3 million customers in portions of 11 states. AEP owns nearly 38,000 megawatts (MW) of generation capacity; 24,302 MW is coal and lignite-fired. AEP also owns a 39,000 mile transmission network that includes more 765-kilovolt extra-high voltage transmission lines than any other company in the U.S. and 223,000 miles of distribution lines.
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.