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Our vision for sustainability
American Electric Power will be an energy leader through programs and technologies that protect people, manage our impacts on the environment, promote energy efficiency, provide for customer control over electricity usage and provide for greater access to renewable forms of energy and advanced clean energy technologies. We will work with our regulators and other stakeholders to achieve this through an approach that maximizes the positive economic, social and environmental impacts of our operations.
Company Overview 2008

American Electric Power has been providing electric service for more than 100 years and is one of the nation’s largest electric utilities, serving 5.2 million customers in 11 states.

Revenues (in billions) $ 13.5
Net Income (in millions) $ 1,3571
Earnings Per Share $ 2.961
Cash Dividends Per Share $ 1.64
Service Territory 197,500 square miles
Transmission 39,000 miles
Distribution 215,800 miles
Generating Capacity 38,988 MW 2
Generating Stations More than 80
Renewable Portfolio (hydro) 364 MW3
Renewable Portfolio (wind, solar) 1,406 MW4
Pumped Storage 586 MW
Total Kilowatt-hour Sales (millions) 195,312
Total Assets (in billions) $ 48.3
  1. Generally Accepted Accounting Principles
  2. Includes 270 MW of retired/decommissioned generating capacity
  3. Represents nominal capacity; includes 270 MW of mothballed/decommissioned generation, AEP’s interest in Ohio Valley Electric Corp., purchased power agreements and renewables
  4. Excludes pumped storage; includes owned capacity and purchased power
  5. Regulated wind capacity online or under contract

AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas).

The company is based in Columbus, Ohio.

 

AEP economic impact 2008

Jobs 21,673
Wages $1.9 billion
Construction Expenses $2.8 billion 1
Local Taxes $469 million
State Taxes $308.7 million
Federal Taxes $123 million
Goods & Services (not fuel) $4.3 billion
Goods & Services from Diverse Suppliers $698 million
Remain Value of All Contracts $4.3 billion2
Coal Purchased (tons) 75.9 million
Coal Average Purchase Price $50/ton
Corporate Giving $11.8 million
AEP Foundation Grants $11.3 million3
All numbers are rounded
  1. Construction Expenses include those expenses listed in the Cash Flow Statement
  2. Supply chain purchased contracts and inventory system
  3. Includes all grants and contributions by utility units to support economic development
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