Mission Statement, Vision, & Core Values of American Electric Power Company, Inc. (AEP)

Are you curious about the guiding principles behind one of the nation's largest electric power companies? What exactly drives American Electric Power (AEP) as it powers communities across 11 states, serving over 5.6 million customers? AEP's commitment extends beyond just providing electricity. With a $54 billion five-year capital forecast, including significant investments in transmission and distribution, AEP is dedicated to building the energy grid of the future.

But what is the roadmap that directs this massive undertaking? How does AEP balance reliability, affordability, and sustainability? Join us as we explore the mission statement, vision, and core values that shape AEP's strategic direction and commitment to a safe, reliable, and sustainable energy future.

American Electric Power Company, Inc. (AEP) An Overview of

American Electric Power Company, Inc. (AEP) is a major investor-owned electric public utility holding company in the United States, delivering electricity to more than 5.6 million customers in 11 states. These states include Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia, and West Virginia. AEP operates and maintains the nation's largest electricity transmission system and also focuses on generating electricity. They have a diverse portfolio of power plants using coal, natural gas, nuclear, hydroelectric, and renewable energy sources.

AEP's services encompass electricity generation, transmission, and distribution, as well as energy efficiency and renewable energy programs. As of April 2025, specific, detailed sales figures are not available, but AEP consistently ranks among the largest utilities in the U.S. based on revenue and customer base. For more in-depth information, you can explore American Electric Power Company, Inc. (AEP): History, Ownership, Mission, How It Works & Makes Money.

In the latest financial reports for the fiscal year 2024, AEP demonstrated strong financial performance. While specific revenue figures may vary slightly depending on the reporting period, AEP typically generates billions of dollars in operating revenue annually. For example, in 2023, AEP reported operating revenues of $18.7 billion. Key factors driving revenue include:

• Increased Demand: Rising electricity consumption across residential, commercial, and industrial sectors contributes significantly to revenue.
• Infrastructure Investments: Investments in modernizing and expanding transmission and distribution networks enhance reliability and capacity, supporting long-term growth.
• Renewable Energy Growth: Expanding renewable energy generation, including solar and wind, not only supports sustainability goals but also provides a stable revenue stream through long-term contracts.

AEP stands as one of the leading companies in the utility sector, known for its extensive infrastructure, diverse energy portfolio, and commitment to innovation. To understand the factors behind AEP's success and its position as an industry leader, continue reading below.

American Electric Power Company, Inc. (AEP) Mission Statement

The mission of American Electric Power (AEP) is to provide safe, affordable, and sustainable power to enhance the quality of life in the communities it serves. AEP's mission is about doing what's right. The company refreshed its company values in 2023 to reinforce a commitment to customers and a safe, sustainable energy future.

Here's a breakdown of the core components of AEP's mission:

• Safe, Reliable, and Affordable Power: AEP is committed to delivering electricity in a way that prioritizes the well-being of its customers and communities. Interim President and CEO Ben Fowke emphasized that safe, affordable, and reliable power has never been more important.
• Sustainable Power: AEP acknowledges the importance of sustainable energy practices and is committed to reducing its carbon footprint. The company is actively transitioning toward cleaner energy sources and investing in renewable energy projects. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and has a goal to achieve net zero by 2045.
• Enhancing Quality of Life: AEP aims to meet the needs and expectations of their customers, ensuring their satisfaction and trust. Additionally, AEP actively engages with the communities they serve, supporting local initiatives, and contributing to the overall well-being and prosperity of these areas.

AEP is investing $43 billion over the next five years to make the electric grid cleaner and more reliable.

AEP's strategic vision for long-term growth focuses on:

• Providing a reliable and affordable diverse energy mix
• Modernizing the grid
• Generating customer and community-centric growth
• Driving financial and operational excellence
• Transforming the workforce

AEP is committed to supporting economic development and making smart infrastructure investments that power communities and improve lives by attracting high-quality jobs, encouraging capital investment, and stimulating local economies.

AEP reported strong financial performance for 2024:

• Operating earnings of $5.62 per share, a 7% increase from the previous year
• GAAP earnings reached $2.97 billion, or $5.60 per share
• Operating earnings were $2.98 billion, or $5.62 per share
• Commercial load grew by 10.6% in 2024

AEP's five-year capital plan is $54 billion, and the company is evaluating $10 billion of potential incremental investment across its service territory and regional transmission grids.

For more insights into AEP's financial standing, you can explore: Breaking Down American Electric Power Company, Inc. (AEP) Financial Health: Key Insights for Investors

American Electric Power Company, Inc. (AEP) Vision Statement of

Understanding the mission, vision, and core values of American Electric Power Company, Inc. (AEP) provides critical insights into the company's strategic direction and operational philosophy. These elements collectively shape AEP's approach to the energy sector and its commitments to stakeholders. As of April 2025, AEP's guiding principles reflect its focus on innovation, sustainability, and delivering value in a rapidly evolving industry. You might also be interested in: Breaking Down American Electric Power Company, Inc. (AEP) Financial Health: Key Insights for Investors

AEP's Mission Statement

AEP's mission statement reflects its commitment to providing reliable and affordable energy while embracing innovation and sustainability. While the exact wording can evolve, the core tenets remain consistent. AEP aims to:

• Deliver electricity safely and reliably.
• Provide excellent customer service.
• Promote energy efficiency and sustainability.
• Foster a culture of innovation and continuous improvement.
• Support the communities it serves.

These elements guide AEP's daily operations and long-term strategic decisions. In 2024, AEP invested significantly in grid modernization projects aimed at enhancing reliability and incorporating renewable energy sources, aligning with its mission to provide sustainable energy solutions.

AEP's Vision Statement

AEP's vision statement outlines its aspirations for the future, focusing on its role in the evolving energy landscape. The vision is to be a leader in:

• Delivering clean, reliable energy.
• Creating innovative energy solutions.
• Driving economic growth in the communities it serves.
• Being a trusted partner for customers and stakeholders.

This vision drives AEP to explore new technologies, such as advanced grid management systems and renewable energy integration. For example, in 2024, AEP expanded its renewable energy portfolio by adding over 1,000 MW of wind and solar generation capacity. This expansion supports its vision of delivering cleaner energy solutions.

AEP's Core Values

AEP's core values define the principles that guide its employees and shape its corporate culture. These values include:

• Safety: Prioritizing the safety of employees, customers, and communities.
• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Customer Focus: Understanding and meeting the needs of customers.
• Innovation: Embracing new ideas and technologies to improve performance.
• Teamwork: Working together to achieve common goals.
• Sustainability: Protecting the environment and promoting responsible energy use.

These core values are embedded in AEP's operations and decision-making processes. For example, AEP's commitment to safety is reflected in its 2024 investments in employee training programs and safety equipment, totaling over $20 million. This investment underscores the company's dedication to maintaining a safe working environment and protecting the communities it serves.

American Electric Power Company, Inc. (AEP) Core Values of

At Company, our core values are the fundamental beliefs upon which we conduct business and engage with our stakeholders. These values guide our actions, inform our decisions, and represent our commitment to integrity, safety, and excellence. They are more than just words; they are the principles that define who we are as a company and how we operate every day. Our core values of safety, integrity, stewardship, and inclusion are essential to achieving our mission and vision.

Our mission is to improve lives by powering a brighter future. Our vision is to be our customer's trusted energy partner, delivering safe, reliable, and affordable energy. Our core values are:

• Safety
• Integrity
• Stewardship
• Inclusion

You can explore more about our history and mission here: American Electric Power Company, Inc. (AEP): History, Ownership, Mission, How It Works & Makes Money

Safety

Safety is at the forefront of everything we do at Company. We are committed to ensuring the safety of our employees, customers, and the communities we serve. We believe that all accidents are preventable, and we continuously strive to create a culture where safety is not just a priority but a core value. We invest heavily in training, equipment, and technology to mitigate risks and promote a safe working environment. Our commitment to safety extends beyond our operations to include public safety awareness programs and partnerships with local communities to promote safety education.

Examples of our commitment to safety include:

• Implementation of comprehensive safety training programs for all employees, covering topics such as hazard recognition, risk assessment, and safe work practices.
• Investment in advanced technologies, such as drones and remote monitoring systems, to enhance safety and reduce the need for manual inspections in hazardous environments.
• Partnerships with local communities to conduct public safety awareness campaigns on topics such as electrical safety, storm preparedness, and emergency response.
• Promotion of a 'see something, say something' culture, encouraging employees and the public to report any safety concerns or potential hazards.

Integrity

Integrity is the cornerstone of our reputation and the foundation of our relationships with stakeholders. We conduct our business with honesty, transparency, and ethical behavior. We adhere to the highest standards of corporate governance and comply with all applicable laws and regulations. We are committed to doing the right thing, even when it's difficult, and we hold ourselves accountable for our actions. Our commitment to integrity extends to all aspects of our business, including financial reporting, environmental stewardship, and community engagement.

Examples of our commitment to integrity include:

• Adoption of a comprehensive code of conduct that outlines our ethical expectations for all employees and stakeholders.
• Implementation of a confidential ethics hotline and reporting system to encourage the reporting of any suspected violations of our code of conduct.
• Regular ethics training for all employees, covering topics such as conflicts of interest, anti-corruption, and fair competition.
• Commitment to transparent financial reporting and compliance with all applicable accounting standards and regulations.

Stewardship

Stewardship is about taking responsibility for the resources entrusted to us and using them wisely to create long-term value for our stakeholders. We are committed to environmental sustainability, responsible resource management, and community investment. We strive to minimize our environmental impact, reduce waste, and promote energy efficiency. We invest in renewable energy sources and innovative technologies to create a cleaner, more sustainable energy future. Our commitment to stewardship extends to our communities, where we support education, economic development, and social programs.

Examples of our commitment to stewardship include:

• Investment in renewable energy projects, such as solar and wind farms, to reduce our carbon footprint and promote clean energy.
• Implementation of energy efficiency programs to help customers reduce their energy consumption and lower their bills.
• Support for community-based organizations and initiatives that promote education, economic development, and social well-being.
• Commitment to responsible waste management and recycling programs to minimize our environmental impact.

Inclusion

Inclusion is about creating a workplace where everyone feels valued, respected, and empowered to contribute their best. We embrace diversity in all its forms and are committed to creating a culture where everyone has equal opportunities to succeed. We believe that a diverse workforce is a strong workforce, and we actively recruit, develop, and retain talent from all backgrounds. Our commitment to inclusion extends to our communities, where we support programs and initiatives that promote diversity and inclusion.

Examples of our commitment to inclusion include:

• Implementation of diversity and inclusion training programs for all employees, covering topics such as unconscious bias, cultural awareness, and inclusive leadership.
• Establishment of employee resource groups (ERGs) to provide support, networking, and mentoring opportunities for employees from diverse backgrounds.
• Partnerships with community organizations to promote diversity and inclusion in education, employment, and other areas.
• Commitment to equal employment opportunities and affirmative action policies to ensure that all employees and applicants are treated fairly and equitably.