AEP Included In Forbes JUST 100 List, Earns Top Spot Among Utilities

Rhea-AI Summary

American Electric Power (AEP) has been recognized in the Forbes JUST 100 2021 list, achieving the top position among utilities and earning the highest rank in the 'Workers' category. This recognition highlights AEP's commitment to corporate accountability and stakeholder treatment. The analysis by JUST Capital assessed 1,000 major companies based on labor practices, community support, and environmental impact, including COVID-19 responses. AEP, headquartered in Columbus, Ohio, serves approximately 5.5 million customers across 11 states and boasts a diverse generating capacity of about 30,000 megawatts.

Positive

• Ranked first among utilities in the Forbes JUST 100 2021 list.
• Recognized for exceptional treatment of employees and community engagement.
• Focus on corporate accountability and COVID-19 response initiatives.
• Significant renewable energy capacity of over 5,300 megawatts.

Negative

• None.

COLUMBUS, Ohio, Oct. 14, 2020 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has been named to the Forbes JUST 100 2021 list, which recognizes companies that set the standard in commitment to their stakeholders. AEP earned the top spot for utilities and was the highest ranked utility in the 'Workers' category.

The JUST 100 is a list of America's best corporate citizens. Forbes partnered with JUST Capital to assess 1,000 of the nation's largest publicly traded companies and evaluated their treatment of workers and customers, community support, environmental impact and long-term value to shareholders.

This year, JUST Capital also expanded its methodology to include COVID-19 policies and response. The new analysis includes hourly wages increases, paid sick leave, payment deferrals for customers, donations to support community relief and other data points.

"AEP is proud to be acknowledged as a trailblazer in the field of corporate accountability. We're thankful to be recognized as the top utility company and to receive the highest honor among utilities for how we treat our employees, who are our greatest assets," said Nicholas K. Akins, AEP Chairman, President and Chief Executive Officer. "Empowering our team members, as well as making a positive difference in the communities where we live and work, is a cornerstone of our company's mission. As AEP builds a brighter energy future, we'll continue to examine how we can better leverage our resources and leadership to create more opportunities for our employees, customers and other valued stakeholders."

Learn more about AEP's commitment to corporate accountability.

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 5,300 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.

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/aep-included-in-forbes-just-100-list-earns-top-spot-among-utilities-301152400.html

SOURCE American Electric Power

FAQ

What does AEP's inclusion in the Forbes JUST 100 list mean?

It signifies AEP's commitment to corporate responsibility and excellence in worker treatment, ranking them highest among utilities.

When was AEP recognized in the Forbes JUST 100 list?

AEP was recognized on October 14, 2020, for the 2021 list.

How many customers does AEP serve?

AEP serves approximately 5.5 million regulated customers across 11 states.

What is AEP's generating capacity?

AEP has a generating capacity of about 30,000 megawatts, including over 5,300 megawatts from renewable sources.

What areas does AEP operate in?

AEP operates in 11 states, including Ohio, Texas, Virginia, and Arkansas.