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Statement From AEP About Investigation Of Ohio H.B. 6

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American Electric Power (AEP) CEO Nicholas K. Akins addressed the ongoing investigation related to Ohio House Bill 6, clarifying that AEP is not implicated in any wrongdoing. He stated that AEP participated in the legislative process ethically and legally. Akins emphasized that AEP and its subsidiaries did not contribute to Generation Now, although they did support other organizations promoting economic development in Ohio. AEP, which operates the largest electricity transmission system in the U.S., continues to focus on advancing energy infrastructure and customer solutions.

Positive
  • AEP has not been implicated in the investigation surrounding Ohio House Bill 6.
  • AEP participated in political processes legally and ethically.
  • The company supports economic development through contributions to appropriate organizations.
Negative
  • None.

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.

(PRNewsfoto/American Electric Power)

 

 

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SOURCE American Electric Power

FAQ

What did AEP's CEO say about the investigation into Ohio House Bill 6?

AEP's CEO stated that the company is not involved in any alleged wrongdoing related to the investigation and has acted legally and ethically.

Did AEP contribute to Generation Now in Ohio?

No, AEP confirmed that it and its subsidiaries did not make any contributions to Generation Now.

What is AEP's focus in terms of business and infrastructure?

AEP focuses on building smarter energy infrastructure and delivering innovative energy solutions to its customers.

How many employees does AEP have?

AEP employs approximately 17,400 individuals.

How many customers does AEP serve?

AEP serves nearly 5.5 million regulated customers across 11 states.

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