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

November 21, 2014
CONDITIONS DELAY UNTIL MID-DECEMBER RETURN TO NORMAL BYLLESBY FOREBAY AND PORTAGE ACCESS
Weather conditions, river flows and unexpected repairs have caused a delay in the planned reopening of the forebay and portage access at Appalachian Power's Byllesby hydroelectric dam in Carroll County, Va. Byllesby was damaged by heavy rains and high water from a major storm that hit the area on New River in January 2013.

November 19, 2014
SWEPCO PREPARED FOR WINTER STORMS/WINTER SAFETY TIPS FOR CUSTOMERS
SWEPCO is prepared for winter storms across its three-state service territory. SWEPCO work crews are on standby alert for power restoration efforts.

November 19, 2014
APPALACHIAN POWER AND AEP EMPLOYEES, RETIREES TO READ TO AREA SCHOOLS
Appalachian Power and AEP employees will celebrate Read to Me Day on Thursday by sharing a book with students at nearly 445 elementary schools in Tennessee, Virginia and West Virginia. About 320 volunteer readers will read aloud at nearly 445 elementary schools in the three-state region.

November 14, 2014
LAREDO DOWNTOWN UNDERGROUND NETWORK RESTORED
On Thursday evening, all business affected by the Nov. 6 failure of the underground electric network in downtown Laredo were able to receive electric service. An investigation into the cause of the network failure is ongoing.

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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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