The ongoing recession made AEP’s contribution to local economies more important than ever in 2010. We are among the largest employers in the communities where we operate, and the taxes we generate are a major source of revenue to those communities. AEP paid almost $1.2 billion in federal, state and local taxes in 2010 and employed nearly 19,000 people in several regions of the country. Our annual payroll is more than $1.8 billion and positively impacts families, communities and economies in our service area.

AEP Chairman & CEO Mike Morris and other AEP leaders ring the NYSE’s closing bell on June 3, 2010, in celebration of the company’s 400th consecutive dividend.