COLUMBUS, Ohio, Jan. 22, 2019 /PRNewswire/ -- American Electric Power (NYSE: AEP) has been named to Fortune magazine's World's Most Admired Companies list in the electric and gas utilities sector for the sixth year in a row. The survey measures nine attributes related to financial performance and corporate reputation.
"For more than a century, AEP has proudly powered millions of homes and businesses," said Nicholas K. Akins, AEP's chairman, president and chief executive officer. "Our pursuit of operational excellence and wise use of corporate assets continue to benefit both our customers and our shareholders. We look forward to building upon our successes as we work to deliver the smarter, cleaner energy system our customers want, while also empowering positive social and economic change in the communities we serve."
Each year, Fortune surveys top executives, directors and financial analysts 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. A total of 680 companies from 30 countries were surveyed for inclusion on this year's list.
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 18,000 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 more than 4,340 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.
SOURCE American Electric Power