November 10, 2010
AEP Honored As Military-Friendly Employer For Eighth Straight Year
AEP is one of only five companies that the publication has honored each year since the recognition program began in 2003. The company ranks 37th on the top-100 list, which is headed by Booz Allen Hamilton Inc.
This year’s honorees were selected from among more than 5,000 employers with annual revenues of at least $500 million. The December 2010 edition of G.I. Jobs, which features the list of military-friendly employers, can be accessed at www.GIJobs.com.
"We are honored to receive this recognition from G.I. Jobs for the eighth year in a row," said Michael G. Morris, AEP chairman, president and chief executive officer. "Hiring military veterans makes good business sense. They tend to have the technical skills we need at AEP and the characteristics we value, including strong work ethic, leadership skills and teamwork."
The honored companies were selected based on their assets dedicated to military hiring, the percentage of new hires who are veterans and policies regarding National Guard and reserve service, among other criteria.
Approximately 1,750 of AEP’s roughly 18,900 employees have served in the military. AEP’s military leave policy provides pay differential and benefits for up to two years for reservists and National Guard members who are called to active duty in emergency situations. The company’s family military leave policy allows employees to take up to 10 days of leave to spend time with a family member who has been called to or returned from active duty.
G.I. Jobs helps provide training and career opportunities for veterans and those in transition from military to civilian employment.
American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 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 nearly 39,000-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.
Tammy Ridout
Corporate Media Relations
614/716-2347
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AEP Declares Quarterly Dividend on Common Stock
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