Nicholas K. Akins, American Electric Power (NYSE:AEP) Chairman, President and Chief Executive Officer, issued the following statement today regarding the investigation surrounding Ohio House Bill 6.
"I want to be clear that as the investigation of the activities surrounding House Bill 6 continues, none of the alleged wrongful conduct in the criminal complaint involves AEP or its subsidiaries. We engaged and participated in the legislative process surrounding H.B. 6 legally and ethically. To date, we have not been contacted by the authorities conducting the investigation, but if at any point we are, we will cooperate fully and transparently," Akins said.
"Neither AEP nor any of its subsidiaries made any contributions to Generation Now. AEP has made contributions to Empowering Ohio's Economy to support its mission of promoting economic and business development and educational programs in Ohio. These contributions were done appropriately, and we have every reason to believe that the organizations we support have acted in a lawful and ethical manner," Akins added.
AEP, its affiliated political action committees and AEP executives actively participate in the political process in accordance with local, state and federal laws in the states we serve. Political contributions made by AEP are disclosed in the company's Corporate Accountability Report. AEP has contributed to a variety of 501(c)(4) social welfare organizations to promote economic development and educational programs across our service territories.