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

December 22, 2014
I&M'S COOK NUCLEAR PLANT REPORTS OIL LEAK INTO LAKE MICHIGAN
Indiana Michigan Power's Cook Nuclear Plant has made a report to local, state and federal agencies of an oil release into Lake Michigan that was calculated to be approximately 2,000 gallons. On Saturday, a declining level trend on a Unit 2 main turbine lube oil reservoir was being investigated when the leak was identified and stopped. Both Cook units remain at full power.

December 17, 2014
AEP OHIO TO USE HELICOPTERS AND IMPLOSION WELDING FOR TRANSMISSION LINE WORK IN SOUTHEASTERN OHIO
GAHANNA, Ohio, Dec. 17, 2014 - AEP Ohio, a unit of American Electric Power (NYSE: AEP), and AEP Ohio Transmission Company will use helicopters and implosion welding to rewire the Sporn-Muskingum River 345-kilovolt (kV) transmission line from Waterford, Ohio to New Haven, West Virginia.

December 16, 2014
KY POWER SEEKS RATE ADJUSTMENT TO FUND INVESTMENTS TO MEET EPA RULES AND GROWING OPERATING COSTS
Kentucky Power, a subsidiary of American Electric Power (AEP), plans to ask the Kentucky Public Service Commission to adjust customer rates, the next step in a cost-conscious plan to meet increasing EPA demands.

December 16, 2014
BYLLESBY RECREATION AREAS REOPENED TO THE PUBLIC; WATER LEVEL RETURNS TO NORMAL
Repair work is complete at Appalachian Power's Byllesby hydroelectric dam in Carroll County, Va. allowing the company to reopen the area to outdoor enthusiasts. The forebay and portage access have been closed since spring 2014. Byllesby and its companion Buck Dam were damaged by heavy rains and high water from a major storm that hit the New River in January 2013.

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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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