American Electric Power

2014 Corporate Accountability Report

We Have the Future in Focus

Safe, reliable and affordable energy has long been the backbone of America’s economy, delivering comfort to customers, a competitive edge to businesses and a quality of life that others emulate. To ensure a secure energy future, we need a diverse resource mix.

At AEP, we have the future in focus.

2026 Projected AEP Owned Generating Capacity by Fuel

Performance

In many ways, the electric grid is a social safety net. Our strategy will strengthen this safety net to improve quality of life, customer satisfaction and system reliability, and provide our employees with a safe and engaging workplace.

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People

To grow our business, enhance the experience our customers have with AEP, and build, maintain and operate a modern grid, we rely on our employees to carry us forward.

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Utility of the Future

We are fundamentally changing how we operate and manage our business. Substantial technological and structural shifts within the energy landscape are driving us to build a new model for the future.

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AEP's Plan for Sustainable Growth

The Value of Electricity

Building the Utility of the Future

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News & Announcements

October 24, 2014
I&M'S COOK NUCLEAR PLANT COMPLETES SHORTEST REFUELING OUTAGE IN PLANT HISTORY
Indiana Michigan Power's Cook Nuclear Plant Unit 1 returned to service at 7:59 a.m. today completing the shortest refueling outage in the 40-year history of the plant. The 30-day, eight-hour refueling shutdown bested the previous record of 31 days 17 hours set in 2005. There were no OSHA Recordable Injuries recorded by the more than 4,000 people working at various times during the outage.

October 24, 2014
APPALACHIAN POWER REQUESTS ENERGY EFFICIENCY PROGRAMS FOR VIRGINIA
Appalachian Power has proposed six new programs that will help its Virginia customers reduce energy usage and demand. The company filed a request with the Virginia SCC seeking approval for the portfolio of programs that will benefit residential and C&I customers.

October 23, 2014
AEP REPORTS 2014 THIRD-QUARTER EARNINGS; NARROWS 2014 OPERATING EARNINGS GUIDANCE RANGE

  • Third-quarter 2014 GAAP and operating earnings $1.01 per share
  • Infrastructure investment continues to support earnings growth
  • 2014 operating earnings guidance range narrowed to $3.40 to $3.50 per share from $3.35 to $3.55 per share

October 23, 2014
AEP OHIO ANNOUNCES $29 MILLION BARNESVILLE AREA IMPROVEMENT PLAN
GAHANNA, Ohio, Oct. 23, 2014 - AEP Ohio, a unit of American Electric Power (NYSE: AEP), plans to invest $29 million to upgrade its electric transmission infrastructure in eastern Ohio.

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A Sustainable Future

In many ways, the electric grid is a social safety net. Our strategy will strengthen this safety net to improve quality of life, customer satisfaction and system reliability.

Materiality

AEP conducted a materiality assessment in 2012 to ensure that we are reporting on sustainability issues that are of importance to our stakeholders and our business. This assessment was compared with the material risks of the company to validate relevance and importance. AEP's reporting is guided by the Global Reporting Initiative and the International Integrated Reporting Council.

Read more about AEP's materiality survey

Statement of the AEP Board of Directors

The AEP Board of Directors has assigned responsibility for monitoring and overseeing the company's sustainability initiatives to the Board's Committee on Directors and Corporate Governance. This is the fifth year AEP has integrated its sustainability reporting with financial reporting. The Committee fully supports this approach. Stakeholders have expressed approval and appreciation for AEP's leadership with this integrated approach to corporate reporting.

Read the AEP Board of Directors Statement

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