COLUMBUS, Ohio, July 27, 2020 /PRNewswire/ -- Nicholas K.
Akins, American Electric Power (NYSE: AEP) Chairman, President and
Chief Executive Officer, issued the following statement today
regarding the investigation surrounding Ohio House Bill 6.
"I want to be clear that as the investigation of the activities
surrounding House Bill 6 continues, none of the alleged wrongful
conduct in the criminal complaint involves AEP or its subsidiaries.
We engaged and participated in the legislative process surrounding
H.B. 6 legally and ethically. To date, we have not been contacted
by the authorities conducting the investigation, but if at any
point we are, we will cooperate fully and transparently," Akins
said.
"Neither AEP nor any of its subsidiaries made any contributions
to Generation Now. AEP has made contributions to Empowering Ohio's
Economy to support its mission of promoting economic and business
development and educational programs in Ohio. These
contributions were done appropriately, and we have every reason to
believe that the organizations we support have acted in a lawful
and ethical manner," Akins added.
AEP, its affiliated political action committees and AEP
executives actively participate in the political process in
accordance with local, state and federal laws in the states we
serve. Political contributions made by AEP are disclosed in the
company's Corporate Accountability Report. AEP has contributed to a
variety of 501(c)(4) social welfare organizations to promote
economic development and educational programs across our service
territories.
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 30,000 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