2015 Corporate Accountability Report

Powering The Future

Building a bright future

The electric utility industry is undergoing a major transformation that will result in a cleaner, stronger, more flexible, reliable and resilient grid. We envision a grid that is more intelligent and responsive and is valued for the services it provides. To achieve this, we are embracing change by building upon our commitment to operational excellence and being adaptable, solutions-oriented and innovative.

Message from the Chairman

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The utility that powers the future will operate a modern grid that supplies two-way flows of power and information, is adaptable, flexible and reliable. This is a challenging but exciting time for our company and our industry, and I am confident in our ability to respond as we strive to build a more prosperous future.

AEP Performance Summary

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AEP's 2014 Performance Summary highlights the company's financial, environmental, social and economic achievements. This summary focuses on key issues of mutual interest to AEP and our stakeholders.

BOLD Transmission

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Our transmission business continues to be a major growth engine for AEP as changes in the electric industry present more opportunities for AEP Transmission, inside and outside of our service territory.

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News & Announcements

July 30, 2015
COOK NUCLEAR PLANT UNIT 1 BACK IN SERVICE
Indiana Michigan Power's Cook Nuclear Plant Unit 1 returned to service July 29, 2015 at 7:08 p.m. following repairs to a diesel generator.

July 30, 2015
ERCOT NEWS RELEASE: JULY DEMAND RECORDS CONTINUE, ERCOT REQUESTS CONSERVATION DURING TODAY'S PEAK
AUSTIN, TX, July 30 - The Electric Reliability Council of Texas (ERCOT), grid operator for most of Texas, is asking electric consumers to limit or reduce electric use where possible during the 3-7 p.m. peak demand hours today.

July 30, 2015
APPALACHIAN POWER'S REFRIGERATOR RECYCLING INCENTIVE INCREASED TO $75
For a limited time, Appalachian Power customers in West Virginia, who recycle outdated refrigerators or freezers, will receive an increased $75 incentive through the Appalachian Power appliance recycling program. This increased incentive is available to customers who schedule pickups during August and September.

July 27, 2015
AEP NAMES WADE SMITH TO TRANSMISSION LEADERSHIP ROLE; BRUCE EVANS TO LEAD AEP TEXAS
A. Wade Smith has been named senior vice president - Transmission Grid Development for American Electric Power (NYSE: AEP), effective Aug. 3. He will report to Lisa M. Barton, AEP's executive vice president - Transmission, and will oversee transmission planning, engineering, project services and reliability compliance. Smith currently serves as president and chief operating officer of AEP Texas.

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BOLD Transmission

AEP Transmission used cutting edge technology with the design of a new and compact extra-high voltage 345-kV line, called BOLD. The new line design is being built for the first time in the rebuilding and expansion of an existing 138-kV line near Fort Wayne, Indiana.

Material Issues

Identifying and reporting on the most relevant, material issues for a company and its stakeholders are the foundation of sound disclosure. The level of disclosure that is being sought has never been higher, nor has there been as much at stake in terms of transparency of environmental, social and governance performance. Today, the emphasis on materiality extends beyond financial reporting to encompass sustainability disclosure.

Read more about AEP's material issues

Board of Directors Statement

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 sixth 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 full Board statement

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