COLUMBUS, Ohio, May 20, 2020 /PRNewswire/ -- American
Electric Power (NYSE: AEP) issued its 2020 Corporate Accountability
Report, an annual assessment of its performance as a public company
and a community partner. This is the 14th year of
AEP's report, which details developments in energy and
technology, social responsibility, community investments and
environmental stewardship.
The report's theme, "Moving Forward Together for a Brighter
Future," reflects AEP's goal of delivering clean, reliable and
affordable energy, while also providing value to its customers,
shareholders and the communities it serves. This year's report also
addresses the impact of the COVID-19 pandemic on the company, its
employees, customers and communities and details AEP's response to
ensure the health and wellness of its workforce and the public,
while maintaining critical customer services.
"Energy is an essential service that is life-sustaining and
crucial to our nation's health and economic well-being. Our vision
for a sustainable energy future is unwavering, and we believe it is
more important than ever," said Nicholas K.
Akins, AEP chairman, president and chief executive officer,
in the report's introduction.
The company continues to reduce its carbon footprint by retiring
coal-fired generation units, investing in renewable energy and
setting aggressive emissions reduction goals. AEP has cut its
carbon dioxide emissions 65% from 2000 levels. The company also is
conducting a scenario analysis of how climate-related risks and
opportunities may play out under different circumstances. AEP
expects to publish the findings by the end of 2020.
"At AEP, we never have been more certain of our responsibility
to ensure a sustainable future for our customers, communities and
employees. We will continue to take steps to reduce our carbon
footprint, to empower customers and to value and develop our
workforce," Akins said.
AEP also enhanced its environmental, social & governance
(ESG) disclosure efforts by creating an ESG Data Center that houses
relevant metrics. This effort reflects the company's commitment to
transparency by proactively sharing data and information about its
sustainability goals, strategy and ESG performance.
View the 2020 Corporate Accountability Report and learn
more about AEP's sustainable development strategy.
American Electric Power, based in Columbus, Ohio, is focused on building a
smarter energy infrastructure and delivering new technologies and
custom energy solutions to our customers. AEP's approximately
17,400 employees operate and maintain the nation's largest
electricity transmission system and more than 221,000 miles of
distribution lines to efficiently deliver safe, reliable power to
nearly 5.5 million regulated customers in 11 states. AEP also is
one of the nation's largest electricity producers with
approximately 31,000 megawatts of diverse generating capacity,
including more than 5,200 megawatts of renewable energy. AEP's
family of companies includes utilities 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, east Texas and the Texas
Panhandle). AEP also owns AEP Energy, AEP Energy Partners,
AEP OnSite Partners, and AEP Renewables, which provide innovative
competitive energy solutions nationwide. For more information,
visit aep.com.
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SOURCE American Electric Power