- Operating company presidents and chief nuclear officer will
report directly to AEP President and CEO Bill Fehrman
- Peggy Simmons appointed
executive vice president of Regulatory and Chief Administrative
Officer to lead safety, regulatory, procurement and sustainability
functions in addition to customer operations and economic
development efforts
COLUMBUS, Ohio, Aug. 28,
2024 /PRNewswire/ -- American Electric Power (Nasdaq:
AEP) today announced organizational changes to advance the
company's focus on improving service for customers and to support
better execution and engagement at the local level. The changes are
effective Sept. 1.
AEP's seven operating company leaders will report directly
to President and Chief Executive Officer Bill Fehrman. In addition, senior vice president
and Chief Nuclear Officer Shane Lies
has been promoted to executive vice president and will report to
Fehrman to further support AEP's current nuclear operations.
Peggy Simmons, who currently
serves as executive vice president of Utilities, has been appointed
to a new role as executive vice president of Regulatory and Chief
Administrative Officer. Simmons will leverage her long track record
of utility leadership to focus on supporting AEP's operating
companies in the key areas of safety, regulatory, procurement,
supply chain, fleet and sustainability, while continuing to lead
the company's customer operations and economic development
functions.
"Our local operating company leaders understand the needs of our
customers and regulators and serve as valued partners in our
communities," Fehrman said. "We benefit from a deep bench of talent
across the organization, and I look forward to working more closely
with these leaders as we make investments to improve reliability,
support growth in our local economies and keep energy affordable
for all AEP customers. We remain focused on executing our strategy
and delivering value to all of our stakeholders."
Fehrman continued, "Peggy is a respected leader with a deep
understanding of our business, our customers and the regulatory
environment. This realignment of our leadership structure enhances
our ability to achieve positive outcomes through a commitment to
operational excellence and a keen focus on customers."
Simmons has served as executive vice president of Utilities
since 2022, leading AEP's operating companies that serve 5.6
million customers across the company's 11-state footprint. Over the
past two years, she has supported customer operations as well as
economic and business development across the organization. Prior to
her current role, Simmons served as president and chief operating
officer of Public Service Company of Oklahoma, where she was responsible for all
aspects of electric service.
About AEP
At American Electric Power, based in
Columbus, Ohio, we understand that
our customers and communities depend on safe, reliable and
affordable power. Our nearly 16,000 employees operate and maintain
more than 40,000 miles of transmission lines, the nation's largest
electric transmission system, and more than 225,000 miles of
distribution lines to deliver power to 5.6 million customers in 11
states. AEP also is one of the nation's largest electricity
producers with approximately 29,000 megawatts of diverse generating
capacity, including nearly 6,000 megawatts of renewable energy. AEP
is investing $43 billion over the
next five years to make the electric grid cleaner and more
reliable. We are on track to reach an 80% reduction in carbon
dioxide emissions from 2005 levels by 2030 and have a goal to
achieve net zero by 2045. AEP is recognized consistently for its
focus on sustainability, community engagement and inclusion. 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, which provides
innovative competitive energy solutions nationwide. For more
information, visit aep.com.
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SOURCE American Electric Power
