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 31, 2014
ERCOT NEWS RELEASE: ERCOT EXPECTS SUFFICIENT ELECTRICITY FOR UPCOMING WINTER, SPRING;UNUSUALLY SEVERE CONDITIONS COULD RESULT IN TIGHT RESERVES, CONSERVATION REQUESTS
AUSTIN, TEXAS, Oct. 31, 2014 -The Electric Reliability Council of Texas (ERCOT), grid operator for most of the state, expects the region will have sufficient electric supplies this winter, based on a broad range of planning scenarios in the Seasonal Assessment of Resource Adequacy (SARA) released today.

October 31, 2014
CLAYTOR LAKE DRAWDOWN CANCELLED
Appalachian Power has cancelled the planned lowering of the water level at Claytor Lake for November. The nine-day drawdown was to begin next week. The Pulaski County Public Service Authority was concerned the drawdown might interrupt water service for some customers.

October 29, 2014
ATHENS ARTIST TRANSFORMS VINTAGE REFRIGERATOR INTO ART FOR AEP OHIO
GAHANNA, Ohio, Oct. 28, 2014 - As a way to educate customers about its Appliance Recycling Program, AEP Ohio, a unit of American Electric Power (NYSE:AEP), has selected Athens artist, Teresa Sager, to turn an inefficient refrigerator into a work of art.

October 27, 2014
PSO ANNOUNCES SMALL BILL DECREASE; LOWER FUEL COSTS TO OFFSET INTERIM RATE INCREASE FOR FUNDING AUTOMATED METERING PROJECT.
Public Service Company of Oklahoma (PSO) today announced it is taking actions that will result in a slight net bill decrease for all customers, and at the same time, allow the Company to continue moving forward with plans to deploy Automated Metering Infrastructure (AMI) across its service area by the end of 2016.

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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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