appalachian power wv ed forum - apco economic development program of work - john smolak

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Appalachian PowerEconomic Development Forum

May 16, 2013Tamarack Conference Center,

Beckley, WV

John J. SmolakDirector of Economic and Business Development

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Appalachian Power Who We Are…

• Appalachian Power is a subsidiary of American Electric Power (AEP)– One of seven operating companies in 11 states and

one of the largest investor owned electric utilities in the U.S.

• More than 1 million customers in Virginia, West Virginia and Tennessee

• 2011 total revenue - $3.2 billion• 2011 net income - $163 million • Approximately 3,600 employees

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Appalachian PowerWho We Are…

• Most expansive operating unit within AEP– 20,000 square

mile service area

– Generating capacity of more than 8,000 megawatts

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Appalachian PowerService Territory…

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Appalachian PowerEconomic Development Program

Program of work focusing on three main areas: – Business attraction– Business retention and expansion– Community relationships and assistance

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Appalachian PowerBusiness Attraction

• Collaborate with economic development allies on marketing– Example: Data Center

Qualified Site Marketing Program

• Encourage external outreach & brand awareness

• Promote economic development rider incentive

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Appalachian PowerBusiness Retention & Expansion

• Collaborate with economic development allies and Appalachian customer service team on existing customer growth and service reliability

• Promote Economic Development Rider –available to existing customers

• Coordinate with Appalachian external affairs and corporate communications on customer-related service reliability

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Appalachian PowerCommunity Assistance

• Collaborate with economic development allies on new industrial property development

• Lend financial support to feasibility, engineering, master planning and environmental studies

• Provide financial support to economic development allies for qualified training programs

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In Summary… In the end, it’s all about…

• Relationships• Marketing• Competitive Product• Deal Closure• Job Creation and Retention • Capital Investment • Capturing New Electric Revenue

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Questions and Comments?

John J. SmolakAppalachian Power Company540-985-2605 - office540-598-1984 - celljjsmolak@aep.com www.aeped.com