April 26, 2023
AEP Recognized as One of America's Best Employers for Diversity
COLUMBUS, Ohio, April 26, 2023 - American Electric Power was included in Forbes Best Employers for Diversity list.
The list was developed based on an independent survey from a sample of approximately 45,000 U.S.-based employees. The survey was administered anonymously in a series of online panels where participants were asked to rate their organizations on criteria such as age, gender, ethnicity, disability and sexual orientation equality. Respondents belonging to underrepresented groups also were asked to nominate organizations other than their own. The final list ranked the 500 employers that received the most recommendations and demonstrated diversity-related best-practices.
“AEP is focused on building a workforce that reflects the diversity and vibrancy of the communities we serve, while leveraging different points of view to better serve customers and cultivate growth,” said Julie Sloat, AEP president and chief executive officer. “We’re proud to receive this recognition and will continue our efforts to create a work culture where our team members feel respected, valued and connected.”
Learn more about AEP’s diversity, equity and inclusion initiatives.
American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP’s approximately 17,000 employees operate and maintain the nation’s largest electricity transmission system and more than 225,000 miles of distribution lines to safely deliver reliable and affordable power to 5.6 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 7,000 megawatts of renewable energy. The company’s plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2032. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and has committed to achieving net zero by 2045. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. 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, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com.
Other News Releases
May 31, 2023
May 04, 2023
AEP Reports First-Quarter Earnings, Reaffirms 2023 Guidance
- First-quarter 2023 GAAP earnings of $0.77 per share; operating earnings of $1.11 per share
- 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- AEP launches sale process for retail and distributed resources businesses, announces strategic review of certain non-core transmission joint ventures, remains on track to close on unregulated renewable asset sale