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    AEP

AMERICAN ELECTRIC POWER (AEP)
Mes dernières consult.
Most popular
Report
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
12/14 AMERICAN ELECTRIC POWER : AEP, NextEra Energy Resources celebrate commissioning ..
12/13 AMERICAN ELECTRIC POWER : First Utility-Scale Solar Project for Appalachian Powe..
12/12 AMERICAN ELECTRIC POWER : Young Fort Wayne engineer with Indiana Michigan Power ..
12/11 AEP, NextEra Energy Resources celebrate commissioning of Bluff Point Wind Ene..
12/08 AMERICAN ELECTRIC POWER : AEP Foundation to Fund Ky Program Assisting Low Income..
12/06 AMERICAN ELECTRIC POWER : AEP Earns Perfect Score, Named to Best Places to Work ..
12/06 AMERICAN ELECTRIC POWER : AEP Part of Industry Initiative to Improve ESG Sustain..
12/06 AMERICAN ELECTRIC POWER : Kentucky Power Transitions to New Customer-Designed Bi..
12/05 AMERICAN ELECTRIC POWER : AEP Part of Industry Initiative to Improve ESG/Sustain..
12/05 AMERICAN ELECTRIC POWER : AEP Part of Industry Initiative to Improve ESG/Sustain..
More news
News from SeekingAlpha
12/11 VALUATION DASHBOARD : Utilities - Update
11/10 VALUATION DASHBOARD : Utilities - Update
11/07 Lanny's October Dividend Income Summary
11/06 American Electric Power (AEP) Presents At EEI 52nd Financial Conference - Sli..
11/06 AEP eyes 5%-7% earnings growth in 2018-20 with $18B capex
Financials ($)
Sales 2017 15 369 M
EBIT 2017 3 401 M
Net income 2017 1 805 M
Debt 2017 21 548 M
Yield 2017 3,11%
P/E ratio 2017 20,77
P/E ratio 2018 19,72
EV / Sales 2017 3,85x
EV / Sales 2018 3,81x
Capitalization 37 649 M
Chart AMERICAN ELECTRIC POWER
Duration : Period :
American Electric Power Technical Analysis Chart | AEP | US0255371017 | 4-Traders
Technical analysis trends AMERICAN ELECTRIC POWER
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 75,5 $
Spread / Average Target -1,4%
EPS 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
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN ELECTRIC POWER21.52%37 649
DUKE ENERGY CORP12.81%61 484
DOMINION ENERGY INC9.82%54 642
SOUTHERN CO5.06%51 496
IBERDROLA4.56%48 847
EXELON CORPORATION15.89%39 145