FACTSHEET: American Electric Power, AEP
DETAILS
1 Riverside Plaza
Columbus, OH, USA 43215-2372
Phone: (614) 716-1000
Currently the largest electricity generating utility in the United States, American Electric Power (AEP) releases 175,000,000 tons of CO2 per year. AEP gets 90.41% of its energy from fossil fuel and 0.79% from renewable sources other than hydro. AEP plans to increase its reliance on Fossil fuels in the future.
American Electric Power has made over $1 billion in profit in the first three quarters of 2010; the company profited over $4.8 billion from 2006-2009. The CEO of AEP, Michael G Morris, makes $5.63 milllion annually.
DEEDS
The Political Economy Research Institute ranks American Electric Power number 40 of the 100 greatest air polluters in the U.S.
Source: Polluterwatch - AEP
In 2007, AEP paid the largest environmental settlement in Justice Department history for violating the Clean Air Act. On October 8, 2007, AEP agreed to install $4.6 billion in equipment to reduce emission, as well as pay a $15 million civil fine.
Source: Polluterwatch - AEP
AEP spent $4.8 million on lobbying in the first half of 2010. The company spent over $7.2 million on lobbying in 2009, and over $11.2 million in 2008.
Source: Polluterwatch - AEP
American Electric Power's is a member of the American Coalition for Clean Coal Electricity, a publicity front group for the coal industry heavily embedded in the climate denial machine. ACCCE spent over $12 million on political lobbying from 2008-2010.
Source: Polluterwatch - AEP
AEP owns more coal ash ponds labeled as high hazard by the EPA than any other company.
Source: Polluterwatch - AEP
PEOPLE
Stephen Miller
lobbyist through ACCCE
Source: Polluterwatch - AEP
SOURCES
Polluterwatch - AEP
http://www.polluterwatch.com/american-electric-power