COLUMBUS, Ohio, Sept. 17, 2018 /PRNewswire/ -- Site Selection
Magazine has named American Electric Power (NYSE: AEP) one of the
nation's Top Utilities in Economic Development for the seventh
consecutive year.
Site Selection's September issue profiles AEP, which was chosen
based on its efforts to cultivate commercial and industrial
business development and create jobs. The magazine considered
factors including project activity and the jobs and capital
investments that resulted from those projects.
In 2017, AEP's economic and business development team helped
attract more than $12 billion in
capital investments and 7,300 direct jobs. AEP also added 16 new
sites to its Quality Sites certification program in 2017, bringing
the total to 45 sites in the portfolio.
"We are honored to be recognized for the seventh year in a row
for our efforts to attract new investments and jobs and build
stronger communities throughout our service area," said
Mark James, vice president of
economic and business development. "Our focus is on working closely
with our local, state and regional economic development partners to
provide companies with all the information and resources they need
to locate and expand in our 11-state territory."
AEP's recent economic development projects in 2018 include
working with Sofidel on its integrated paper production plant in
Inola, Oklahoma – representing a
$360 million investment over three
years that will create 300 jobs. AEP also helped bring a
Stanley Black & Decker power
tool manufacturing facility to Mission,
Texas; assisted with JSW Steel's decision to invest in a
steel mill in Mingo Junction,
Ohio; and was involved in ElringKlinger's plans to open a
new automotive parts manufacturing facility in Fort Wayne, Indiana.
More information about AEP's economic development programs can
be found at https://aeped.com/.
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 more than 17,000
employees operate and maintain the nation's largest electricity
transmission system and more than 219,000 miles of distribution
lines to efficiently deliver safe, reliable power to nearly 5.4
million regulated customers in 11 states. AEP also is one of the
nation's largest electricity producers with approximately 32,000
megawatts of diverse generating capacity, including 4,300 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 and east Texas). AEP also owns AEP Energy, AEP Energy
Partners, AEP OnSite Partners and AEP Renewables, which provide
innovative competitive energy solutions nationwide.
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SOURCE American Electric Power