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American Electric Power (NYSE:AEP) publishes its 2013 Corporate Accountability Report Web site
American Electric Power (NYSE:AEP) publishes its 2013 Corporate Accountability Report Web site
Published 05-01-13
Issued by AEP - American Electric Power
Summary
The report features four key areas: Leadership & Strategy; Business Performance; Opportunities & Risks; and Partnerships & Engagement.
Report Highlights
Safe, reliable electric power has long been the backbone of America’s economy, delivering comfort and quality of life to customers and a competitive edge to businesses. American Electric Power (NYSE: AEP) is committed to ensuring a secure energy future by diversifying its resources, delivering on its environmental and social commitments, and by investing in innovative initiatives to improve system reliability and performance and reduce environmental impacts.
American Electric Power, a CorporateRegister Priority Reporter, is pleased to announce its 2013 Corporate Accountability Report Web site, “Energy: Powering America’s Future.” This year’s report, which is fully web-based, is complimented by an iPad app that is available at www.AEPsustainability.com. It is AEP’s fourth integrated report and its seventh year of reporting on its sustainability performance.
The company’s report features four key areas: Leadership & Strategy; Business Performance; Opportunities & Risks; and Partnerships & Engagement. Highlights of AEP’s 2013 Report include:
- Results of the company’s first formal materiality assessment
- The company’s best safety performance in its 107-year history
- A fleet transformation plan to retire about 5,500 MW of coal units by the end of 2016 and retrofitting or refueling another 11,000 MW by 2020
- Helping communities affected by coal plant retirements retool their economies
- The changing dynamics of resources to produce electricity
- Innovations in transmission enabling new business opportunities associated with the shale gas boom
- AEP exceeded its energy and demand reduction goals in 2012
Through its materiality assessment, AEP sought to align its reporting with the principles of the Global Reporting Initiative, the International Integrated Reporting Council and the Sustainability Accounting Standards Board.
About AEP
AEP is one of the largest electric utilities in the United States, serving more than 5.3 million customers in portions of 11 states.
To provide feedback on this report and AEP’s sustainability initiatives, 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.