Despite record profits of $1.9 billion last year, American Electric Power (AEP) wants customers to pay for "cleanup costs" of the recent storms that left half a million people without power. AEP Ohio already did this, to the tune of $25 million in 2004 and another $27 million in 2008, but has failed to act on their own internal recommendations to modernize aging equipment.
I started this petition because my grandma lives in Ohio on a fixed income, and it's unconscionable that a CEO who made $8.65 million last year would ask her to pay for his mistakes. What's even more outrageous is that AEP Ohio knew they needed to replace old lines and poles and clearly had the cash to make it happen, or bury power lines as customers have been asking them to for years. The "cleanup costs" passed on to customers from 2004, 2008, and 2012 combined are less than 4% of AEP Ohio's profits for 2011 alone!
AEP plans to ask the Public Utilities Commission of Ohio (PUCO) to let them pass these costs on to you. But they haven't asked yet - so please join me and my grandma in telling both AEP and the PUCO that Ohio residents will not pay for their mistakes. We can't expect AEP to change the weather, but we can expect them to prepare for it - just like we all do when we know a storm is coming - and to put people before profits.
Tell AEP executives Michael G. Morris and Nicholas K. Akins that Ohioans won't stand for corporate greed disguised as disaster cleanup, and tell the PUCO not to let them get away with it for the third time in eight years.
P.S. - If you'd like to tell these people how you feel, here's who to call:
* AEP Director of Public Policy, Terri Flora @ (614) 883-7999
* PUCO Chairman, Todd Snitchler @ (800) 686-7826
* Senate Public Utilities Committee Chair, Shannon Jones @ (614) 466-9737
* House Public Utilities Committee Chair, Peter Stautberg @ (614) 644-6886