COLUMBUS, Ohio, Sept. 10, 2020 /PRNewswire/ -- Site
Selection magazine has named American Electric Power (NYSE:
AEP) one of the nation's Top Utilities in Economic Development.
Every year, Site Selection evaluates utilities' corporate
project investment and job creation on a cumulative and per-capita
basis. AEP is one of 20 companies to receive the recognition.
"We're thrilled to be recognized once again by Site
Selection for bringing growth and valuable jobs to our service
territory," said Mark James, vice
president of Sales, Economic and Business Development. "Our
economic development programs are a reflection of AEP's commitment
to delivering more than energy to our customers. We'll continue to
work with businesses to meet their strategic goals, while also
partnering with our communities to create new economic
opportunities."
In 2019, AEP's economic and business development team helped
attract more than $4.1 billion in
capital investments and 8,636 jobs in the company's 11-state
territory. In addition to the team's 89 expansion or new location
projects, highlights of AEP's work in 2019 include:
- Continued investment in its shovel-ready Quality Sites
inventory
- Availability of economic development rider incentive rates in
nine AEP states
- Expansion of certified AEROready™ counties
within its service territory to more than 30 to attract the
aviation and aerospace industries
- Creation of the West Virginia Advantage Plan, which allocates
$3.4 million for site readiness
projects, small business training and other economic development
strategies to support and revitalize the company's Appalachian
service territory
Learn more about AEP's economic development
initiatives.
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 more than
30,000 megawatts of diverse generating capacity, including
approximately 5,300 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