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

February 26, 2015
APPALACHIAN POWER VIRGINIA CUSTOMERS TO SEE 4 PERCENT DROP IN AVERAGE BILLS
Appalachian Power residential customers in Virginia will see a decrease of about 4 percent in their total electric bills beginning this month. The decrease is the result of the reduction or expiration of three Rate Adjustment Clauses - or RACs. These changes will result in a Virginia residential customer paying about $114.92 for 1,000 kilowatt-hours of electricity a month. That is a reduction from more than $119 at the beginning of 2015.

February 25, 2015
AEP OHIO RESPONDS TO ELECTRIC SECURITY PLAN ORDER BY PUCO ORDER ADDRESSES CONTINUED SUPPORT OF RELIABILITY INVESTMENTS WHILE DELAYING DECISION ON PPA ASSETS
The Public Utilities Commission of Ohio (PUCO) ruled today on the Electric Security Plan (ESP) of AEP Ohio, a unit of American Electric Power. According to company officials, the order provides for continued support of infrastructure investment efforts and recognizes the legality of a regulated utility establishing a Power Purchase Agreement (PPA). The order, however, delays a decision on whether the company can include its Ohio Valley Electric Corporation (OVEC) entitlement in the agreement.

February 25, 2015
AEP OHIO RESPONDS TO ELECTRIC SECURITY PLAN ORDER BY PUCO
GAHANNA, Ohio, Feb. 25, 2014 - The Public Utilities Commission of Ohio (PUCO) ruled today on the Electric Security Plan (ESP) of AEP Ohio, a unit of American Electric Power (NYSE: AEP). According to company officials, the order provides for continued support of infrastructure investment efforts and recognizes the legality of a regulated utility establishing a Power Purchase Agreement (PPA). The order, however, delays a decision on whether the company can include its Ohio Valley Electric Corporation (OVEC) entitlement in the agreement.

February 25, 2015
APPALACHIAN POWER CUSTOMERS SET NEW ALL-TIME PEAK DEMAND
Appalachian Power customers in Virginia, West Virginia and Tennessee set an unofficial all-time peak demand of 8,697 megawatts (MW) at 8 a.m. Friday, Feb. 20.

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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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