COLUMBUS, Ohio, Feb. 1, 2021 /PRNewswire/ -- American
Electric Power (Nasdaq: AEP) is included in Fortune
magazine's World's Most Admired Companies list in the electric and
gas utilities sector for the eighth year in a row. AEP was one of
670 companies from 30 countries surveyed for inclusion on this
year's list, which evaluates companies' financial performance and
corporate reputation.
Each year, Fortune asks top executives, directors and
financial analysts to provide their opinions about the companies in
their industry based upon nine criteria: financial soundness, use
of corporate assets, long-term investment value, quality of
management, quality of products and services, people management,
innovation, social responsibility, and global competitiveness.
"AEP is proud to be recognized consistently by our peers for our
dedication to excellence," said Nicholas K.
Akins, AEP chairman, president and chief executive officer.
"Our strategic business decisions and commitment to innovation
allow us to deliver value to our customers and shareholders, and
we'll continue to focus on delivering clean, reliable and
affordable energy to our customers and communities."
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
17,000 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.
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SOURCE American Electric Power