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AEP endeavors to develop strong working relationships with regulators and policy-makers and encourages employees to get involved in the political process. We sponsor a federal political action committee (PAC), the American Electric Power Committee for Responsible Government, as well as state PACs in Michigan, Ohio, Texas and Virginia. Eligible employees can make voluntary contributions. The PACs are employee-controlled and not affiliated with any political party but do make donations to political candidates. AEP pays the administrative expenses of running the PACs to the extent allowed by law, spending approximately $300,000 on PAC support in 2007.
AEP's federal PAC files monthly reports with the Federal Election Commission (FEC). Reports are available at the FEC's web site at www.fec.gov. Reports for AEP's state PACs are filed with the respective states and are available through those states' web sites.
In 2007 we committed to track and report on trade association dues and memberships that may be used for political purposes. That same year, we asked trade associations to which our dues or payments are significant to provide us with a breakdown of what portions are used for expenditures or contributions that, if made directly by AEP, would not be deductible under section 162(e)(1) and other applicable subsections of the Internal Revenue Code.
| Name of Recipient |
Total Paid |
| Democratic Governors Association |
$50,000 |
| Republican Governors Association |
$50,000 |
| Republican Governors Public Policy Committee |
$50,000 |
| Governor Elect Bobby Jindal Transition Fund (LA) |
$10,000 |
| Foster Campbell Governor Campaign Fund (LA) |
$5,000 |
| Indiana Energy Association PAC |
$2,000 |
| Representative Billy Montgomery Campaign Fund (LA) |
$1,000 |
| Senator Sherri Cheek Campaign Fund (LA) |
$500 |
| Grand total |
$168,500 |
Dues/payments For The Year 20071
| Name of Recipient |
Total Paid |
| Americans for Balanced Energy Choices |
$265,000 |
| Association of Electric Companies of Texas |
$295,940 |
| Business Roundtable2 |
$62,215 |
| Center for Energy & Economic Development |
$56,144 |
| Consumers United for Rail Equity |
$20,000 |
| Edison Electric Institute |
$599,411 |
| Greater Columbus Chamber of Commerce3 |
$2,373 |
| Indiana Energy Association |
$13,091 |
| National Association of Manufacturers |
$29,622 |
| Nuclear Energy Institute |
$20,879 |
| Ohio Chamber of Commerce4 |
$7,720 |
| Oklahoma State Chamber |
$26,500 |
| Texas Association of Business4 |
$9,179 |
| Tulsa Metro Chamber |
$5,000 |
| United States Chamber of Commerce |
$320,000 |
| Grand total |
$1,733,074 |
- Applies only to those trade associations for which AEP's total annual dues or payments were $25,000 or more, and the reported amount represents the portion of AEP's dues or payments used for expenditures or contributions that if made directly by AEP would not be deductible under section 162(e)(1) of the Internal Revenue Code. AEP has requested each trade association to provide an additional breakdown for subsections 162(e)(1)(A), 162(e)(1)(B), 162(e)(1)(C) and 162(e)(1)(D), and will report such information that has been provided.
- The breakdown of this payment under IRC 162(e)(1) is as follows: 41.3% 162(e)(1)(A), 25% 162(e)(1)(C) and 33.7% 162 (e)(1)(D).
- The breakdown of this payment under IRC 162(e)(1) is as follows: 50% 162(e)(1)(A) and 50% 162(e)(1)(C).
- 100% of this payment relates to IRC 162(e)(1)(A).
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