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AMERICAN ELECTRIC POWER

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American Electric Power : AEP OnSite Partners stuff backpacks for kids in need

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08/14/2019 | 07:22am EDT

August 14, 2019

AEP OnSite Partners stuff backpacks for kids in need

AEP OnSite Partners recently volunteered at the NBC4 'Stuff the Backpack' initiative to help stuff backpacks with school supplies. The program works to ensure local K-12 students in central Ohio have the necessary school supplies to start the upcoming school year. The AEP Foundation is a sponsor of this program, which benefits 25 school districts across Franklin and Licking Counties in Ohio.

26 volunteers bond while sorting, packing school supplies

The AEP OnSite team unloaded pallets, organized assembly lines and stuffed backpacks with school supplies for three hours. While the work was not easy, it was very rewarding for the team members and was a great way to bond with coworkers as well as work towards a good cause.

''We were a well-oiled machine! We all seemed to understand how important it was that those kids got their school supplies and it feels very rewarding to know that we helped them get their school year started off on the right foot,' said Andrew Gough, an AEP OnSite development team member.

Last year, the NBC4 backpack drive collected and assembled 50,000 backpacks for students. This year the initiative has expanded from one district to benefit 25 school districts across Franklin and Licking counties. This created a much larger need for both supplies and volunteers in order to successfully meet the challenge.

'We are building a culture at AEP OnSite where we care about our community, and demonstrate it by rolling up our sleeves and working together. I'm very proud of the team's efforts last week to help support this worthy cause,' said Joel Jansen, Chief Operating Officer.

You can learn more about the NBC4 'Stuff the Backpack' program at https://www.nbc4i.com/stuff-the-backpack/.

Disclaimer

AEP - American Electric Power Company Inc. published this content on 14 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2019 11:21:13 UTC

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Financials (USD)
Sales 2019 16 433 M
EBIT 2019 3 262 M
Net income 2019 2 063 M
Debt 2019 28 516 M
Yield 2019 3,00%
P/E ratio 2019 21,9x
P/E ratio 2020 20,6x
EV / Sales2019 4,45x
EV / Sales2020 4,44x
Capitalization 44 555 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 91,71  $
Last Close Price 90,23  $
Spread / Highest target 10,8%
Spread / Average Target 1,64%
Spread / Lowest Target -18,0%
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NameTitle
Nicholas K. Akins Chairman, President & Chief Executive Officer
Ashley M. Weaver Vice President-Operations
Brian X. Tierney Chief Financial Officer & Executive Vice President
Alberto G. Ruocco Chief Information Officer & Vice President
Lionel L. Nowell Independent Director
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