EduBourseActualitésAEP earns industry awards for emergency assistance, power restoration

AEP earns industry awards for emergency assistance, power restoration

COLUMBUS, Ohio, Jan. 9, 2008 – American Electric Power (NYSE: AEP) has earned the industry’s top honors for assisting other utilities during emergencies and for restoration of power after extensive storm-related outages during 2007.

The Edison Electric Institute, the association of investor-owned utilities, presented AEP with the association’s Emergency Assistance Award and AEP utility unit Public Service Company of Oklahoma (PSO) with the Emergency Recovery Award during EEI’s winter meetings in Scottsdale, Ariz.

AEP earned the Emergency Assistance Award for the third consecutive year. Winners of each award are chosen by a panel of judges following an international nomination process.

“We’re very pleased and extremely honored to be selected for these awards,” said Michael G. Morris, AEP’s chairman, president and chief executive officer. “The awards recognize the dedication, expertise and outstanding efforts of our many employees who worked long hours in difficult conditions to restore electricity service for our customers and customers served by other companies. The PSO award also recognizes the efforts of other companies that provided their employees and contractors to assist us in our time of need.”

The Emergency Assistance Award recognizes outstanding efforts in restoring electric service that has been disrupted by severe weather conditions or other natural events. During 2007, AEP assisted 10 other utility companies in restoring electricity after 12 major, weather-related outage events. AEP employees and contractors worked more than 95,000 hours during these assistance efforts, helping to restore power to hundreds of thousands of electricity customers left without power following ice storms, snow storms, thunderstorms, high winds and one hurricane. AEP had workers assisting other companies for 62 days in 2007.

PSO earned the Emergency Recovery Award for its efforts to restore service after a series of severe ice storms in January 2007 caused extensive damage and treacherous working conditions. The weight of accumulating ice from the storms downed power lines and broke utility poles, felled trees and blocked roads. PSO, working in advance of the approaching storm, brought in workers from companies across 12 states, More than doubling the size of its workforce, to assist in a week-long restoration effort. More than 100,000 PSO customers were without power during the ice storms, but the planning and quick response by PSO enabled restoration of service in a timely fashion.

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 more than 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.

Pat D. Hemlepp
Director, Corporate Media Relations

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.