COLUMBUS, Ohio, Feb. 16, 2017 /PRNewswire/ -- American Electric
Power (NYSE: AEP) has been named to Fortune magazine's
World's Most Admired Companies list in the electric and gas
utilities sector for the fourth year in a row. The survey measures
nine attributes related to financial performance and corporate
reputation.
"This recognition reflects our employees' commitment to
producing and delivering the safe, reliable energy that powers our
homes and businesses, while investing in our communities and
providing solid returns to our shareholders," said Nicholas K. Akins, AEP's chairman, president and
chief executive officer. "AEP has a rich history of innovation,
operational excellence and financial strength. As we transform into
a next generation energy company, we are building upon this legacy
and developing a smarter energy system to provide our customers
with new technologies, more flexibility and cleaner sources of
energy than ever before."
Each year, Fortune surveys top executives, directors and
financial analysts about the companies in their industry based upon
nine criteria: financial soundness, use of corporate assets,
long-term investment value, quality of management, quality of
products and services, people management, innovation, social
responsibility, and global competitiveness. A total of 680
companies from 28 countries were surveyed to arrive at this year's
list.
American Electric Power is one of the largest electric utilities
in the United States, delivering
electricity and custom energy solutions to nearly 5.4 million
customers in 11 states. AEP owns the nation's largest electricity
transmission system, a more than 40,000-mile network that includes
more 765-kilovolt extra-high voltage transmission lines than all
other U.S. transmission systems combined. AEP also operates 224,000
miles of distribution lines. AEP ranks among the nation's largest
generators of electricity, owning approximately 26,000 megawatts of
generating capacity in the U.S. AEP also supplies 3,200 megawatts
of renewable energy to customers. 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). AEP's headquarters are in Columbus, Ohio.
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SOURCE American Electric Power