Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  American Electric Power Company Inc    AEP

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

American Electric Power Company, Inc. : AEP Releases 2013 Corporate Accountability Report Report highlights fuel mix projections, features new interactive app

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2013 | 09:40pm CET
AEP Releases 2013 Corporate Accountability Report Report highlights fuel mix projections, features new interactive app

COLUMBUS, Ohio, May 2, 2013 -American Electric Power (NYSE: AEP) has released its 2013 Corporate Accountability Report, an overview of its strategy and business performance. The web-based report, available at www.AEPSustainability.com, is complemented by a new interactive app available on iTunes, a link to which is included on the website.

This is AEP's seventh year of reporting on its sustainability performance and its fourth integrated report combining sustainability and financial information. The company's reporting is guided by the Global Reporting Initiative, the International Integrated Reporting Council and the Sustainability Accounting Standards Board.

AEP conducted a materiality assessment in 2012 to ensure its 2013 report focused on sustainability issues that were of importance to the company's stakeholders.

"Engaging with and listening to our stakeholders, both within the company and externally, helps ensure that our business strategy is aligned appropriately," said Nicholas K. Akins, AEP's president and chief executive officer.  "Ultimately, this helps position AEP for success by providing input that equips us to make more informed business decisions."

AEP's 2013 Corporate Accountability Report is focused on four key areas: leadership and strategy; business performance; opportunities and risks; and partnerships and engagement. Among its highlights, the report discusses AEP's generation fleet transformation plan to retire 5,000 to 6,000 megawatts (MW) of coal power by the end of 2016 and to retrofit or refuel nearly 11,000 MW by 2020.

According to the report, coal is expected to compose about 46 percent of AEP's fuel mix in 2020, down from 60 percent today, with natural gas expected to jump to 33 percent from 23 percent over the next seven years. The remainder of the company's fuel needs will be filled through nuclear power, renewable energy and energy efficiency initiatives.

The report also acknowledges AEP's recent energy efficiency efforts. From 2008 through 2012, AEP achieved 3,016,400 megawatt-hours of energy reduction and 1,011 MW of demand reduction. Throughout this period, AEP's operating companies invested more than $368 million in energy efficiency and demand response initiatives. 

The 2013 Corporate Accountability Report highlights a notable workforce-related success for AEP: In 2012, the company achieved its best safety performance in its 107-year history.

"We keep the safety of our employees, contractors and the public at the forefront of everything we do," said Akins. "Considering the challenges we faced in 2012, including the extreme weather conditions our employees encountered during last summer's derecho and  Hurricane Sandy restoration efforts, achieving a strong safety record is something of which we are extremely proud."

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5.3 million customers in 11 states. AEP ranks among the nation's largest generators of electricity, owning nearly 38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's largest electricity transmission system, a 40,000-mile network that includes more 765-kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP's transmission system directly or indirectly serves about 10 percent of the electricity demand in the Eastern Interconnection, the interconnected transmission system that covers 38 eastern and central U.S. states and eastern Canada, and approximately 11 percent of the electricity demand in ERCOT, the transmission system that covers much of Texas. 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.

MEDIA CONTACT:
YaVonda Ulfig
Corporate Media Relations
614/716-1949

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN ELECTRIC POWER CO
04:39a AMERICAN ELECTRIC POWER : Utility work planned Sunday on Greenwood Drive
02/24 AMERICAN ELECTRIC POWER : Dynegy to Transfer Ownership Of Co-owned Power Plants
02/24 AMERICAN ELECTRIC POWER : AEP and Dynegy to Transfer Ownership of Co-Owned Power..
02/24 AMERICAN ELECTRIC POWER : AEP Named One Of Fortune's World's Most Admired Compan..
02/21 AMERICAN ELECTRIC POWER : Powers to Retire From AEP in August
02/21 AMERICAN ELECTRIC POWER : For first time, this year's Columbus Arts Festival wil..
02/20 AMERICAN ELECTRIC POWER : PowerSells Kammer Plant Property in Moundsville
02/16 AMERICAN ELECTRIC POWER : Seeks Bids for Coal
02/16 AMERICAN ELECTRIC POWER : AEP Named One of Fortune's World's Most Admired Compan..
02/14 AMERICAN ELECTRIC POWER : Former Hillsboro man wanted to kill wife
More news
Sector news : Electric Utilities - NEC
02/23DJVECTOR : 1st Half Net Profit Rises
02/22 British Gas to launch 100 million pound customer loyalty scheme
02/22 Britain's Ofgem has power to impose energy tariff price cap - CEO
02/22DJSOUTHERN : Profit Falls
02/17DJNEXTERA ENERGY : Energy Future Wins Chapter 11 Plan Confirmation -- 2nd Update
More sector news : Electric Utilities - NEC
News from SeekingAlpha
02/24 AEP, Dynegy to transfer ownership of co-owned power plants
02/24 Utilities shares enjoy strongest week since September
02/21 AMERICAN ELECTRIC POWER : Solid Increasing Dividends
02/20 Excellent Dividend Growers At A Reasonable Price
02/06 If I Had To Build An Income Portfolio Today - Update 14
Advertisement
Financials ($)
Sales 2017 15 751 M
EBIT 2017 3 375 M
Net income 2017 1 790 M
Debt 2017 18 034 M
Yield 2017 3,55%
P/E ratio 2017 18,45
P/E ratio 2018 17,30
EV / Sales 2017 3,24x
EV / Sales 2018 3,22x
Capitalization 33 018 M
More Financials
Chart AMERICAN ELECTRIC POWER CO
Duration : Period :
American Electric Power Co Technical Analysis Chart | AEP | US0255371017 | 4-Traders
Full-screen chart
Technical analysis trends AMERICAN ELECTRIC...
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 67,3 $
Spread / Average Target 0,15%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Nicholas K. Akins Chairman, President & Chief Executive Officer
Brian X. Tierney Chief Financial Officer & Executive Vice President
Alberto G. Ruocco Chief Information Officer & Vice President
Lionel L. Nowell Independent Director
Linda A. Goodspeed Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN ELECTRIC POWE..4.84%33 018
DUKE ENERGY CORP4.24%56 466
SOUTHERN CO0.98%49 490
DOMINION RESOURCES, IN..-0.56%48 260
IBERDROLA SA-2.01%42 881
EXELON CORPORATION1.38%34 327
More Results