American Electric Power

Ohio Power Company, Appalachian Power, Indiana Michigan Power, Kentucky Power, Southwestern Electric Power Company, Public Service Company of Oklahoma
Charleston, Ohio
Energy

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

American Electric Power (AEP) is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. AEP embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

American Electric Power received a score of 90 on the 2025 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (1)(2). AEP incentivizes employees and directors to contribute to its clean energy transition by tying their compensation to the company’s progress in increasing carbon-free generation capacity (3). However, the company has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (4).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

American Electric Power’s HRC 2025 CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (1)(2). American Electric Power does not discriminate against charitable organizations based on views or beliefs. However, it will only give to religious organizations that provide non-sectarian services. AEP’s charitable giving is focused on supporting local hunger, education, and general community initiatives (3). Southwestern Electric Power Company does not discriminate against charitable organizations based on views or beliefs (4)(5).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level
Rationale

American Electric Power’s HRC 2025 CEI rating indicates the company provides a specific benefits guide with a comprehensive explanation of transgender services funded by the company (1)(2). AEP appears to prioritize diversity over merit in its business practices, including its supply chain (3)(4). AEP does not provide viewpoint protections for its employees (5)(6)(7). Southwestern Electric Power Company does not provide viewpoint protections for its employees (8)(9).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

American Electric Power’s HRC 2025 CEI rating indicates the company agrees to allow a controversial stakeholder group focused on sexual identity issues to dictate marketing or advertising strategy. By doing so, the company risks dividing employees, alienating customers and harming shareholders (1)(2). AEP’s former CEO Nicholas K. Akins signed the Business Roundtable’s 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders (3). The company is still listed as a member of the Business Roundtable and supports the Equality Act (4)(5). The company is committed to net zero greenhouse gas emissions by 2045 (6). AEP’s former CEO Nicholas K. Akins signed the CEO Action for Diversity & Inclusion Pledge, which includes a commitment to promote DEI through bias education training in the workplace (7)(8).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

American Electric Power’s HRC 2025 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology. By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders (1)(2). American Electric Power provides a benefits package for employees that covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children (3)(4)(5)(6). AEP donated 3.1% of its $35.1 million in charitable giving to “Social & Racial Justice” organizations (7). AEP funded the Stonewall Columbus Pride Parade (8). Otherwise, there are no publicly known cases of AEP using corporate funds to advance ideological causes, organizations, or policies (9).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level
Rationale

American Electric Power’s HRC 2025 CEI rating indicates the company publicly advocated for controversial sex and gender ideology through local, state or federal legislation or initiatives. By allowing a political stakeholder group to dictate operations, the company risks dividing employees, alienating customers and harming shareholders (1)(2). AEP has not used its PAC donations or lobbying for ideological purposes (3)(4)(5).

Board Bias

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CEO of American Electric Power

William J. Fehrman

William J. Fehrman

Summary:

Headquartered in Charleston, Ohio, American Electric Power is a member of the Fortune 250 operating in the Energy industry. William J. Fehrman and Sara Martinez Tucker serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $117,275 to Republican causes and $26,857 to Democratic causes. Under their tenure, American Electric Power currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$117,275

$26,857

Republican

Democrat

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