Business Performance

Contractors Are Partners In Safety

We expect our contractors to observe the same safety and health practices as our employees, and we challenge them to continuously improve. Our contractors’ safety performance can affect our risk profile and our company’s reputation. Contractor safety performance was exemplary in 2012. No fatalities occurred.

AEP Targeted Contractor Recordable Rate Path To Excellence

In 2011, we established target OSHA recordable rates through 2015 for our major contractors performing construction, maintenance and other physical work. The 2011 target was 1.70 and a rate of 1.52 was attained, better than target. The 2012 target was 1.60 and a rate of 1.50 was achieved. The proposed target for 2013 is 1.60. Targets also have been developed for contractors serving individual organizations within AEP.

We are taking steps to instill our safety culture and values in our contractors. At AEP Texas, a Safety Hero program was created to recognize contractors who have gone above and beyond expectations to avoid injuries or operational errors. The program recognizes a contractor each month for safety performance. In addition, a contractor safety summit is held annually to bring AEP Texas Distribution contractors together to share success stories, lessons learned and discuss concerns. Thanks to efforts such as this, the incident rate among our Distribution line crew contractors has fallen appreciably since 2009.

Closing Bell at the NYSE

AEP CEO Nick Akins was among a group of executives to ring the closing bell at the NYSE at the close of 2012 COMMIT!Forum in New York City.

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