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Appalachian Power WV ED Forum - APCo Economic Development Program of Work - John Smolak
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Appalachian Power WV ED Forum - APCo Economic Development Program of Work - John Smolak

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Presentation given by John Smolak, APCo Director or Economic and Business Development, at the Appalachian Power Economic Development Forum held in Beckley, WV on May 16, 2013.

Presentation given by John Smolak, APCo Director or Economic and Business Development, at the Appalachian Power Economic Development Forum held in Beckley, WV on May 16, 2013.

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  • 1. aeped.comAppalachian PowerEconomic Development ForumMay 16, 2013Tamarack Conference Center,Beckley, WVJohn J. SmolakDirector of Economic and Business Development
  • 2. aeped.com 2Appalachian PowerWho We Are…• Appalachian Power is a subsidiary of AmericanElectric Power (AEP)– One of seven operating companies in 11 states andone of the largest investor owned electric utilities inthe U.S.• More than 1 million customers in Virginia, WestVirginia and Tennessee• 2011 total revenue - $3.2 billion• 2011 net income - $163 million• Approximately 3,600 employees
  • 3. aeped.com 3Appalachian PowerWho We Are…• Most expansiveoperating unitwithin AEP– 20,000 squaremile servicearea– Generatingcapacity ofmore than8,000megawatts
  • 4. aeped.com 4Appalachian PowerService Territory…
  • 5. aeped.com 5Appalachian PowerEconomic Development ProgramProgram of work focusing on three main areas:– Business attraction– Business retention and expansion– Community relationships and assistance
  • 6. aeped.com 6Appalachian PowerBusiness Attraction• Collaborate witheconomic developmentallies on marketing– Example: Data CenterQualified Site MarketingProgram• Encourage externaloutreach & brandawareness• Promote economicdevelopment riderincentive
  • 7. aeped.com 7Appalachian PowerBusiness Retention & Expansion• Collaborate with economic development alliesand Appalachian customer service team onexisting customer growth and service reliability• Promote Economic Development Rider –available to existing customers• Coordinate with Appalachian external affairs andcorporate communications on customer-relatedservice reliability
  • 8. aeped.com 8Appalachian PowerCommunity Assistance• Collaborate with economic development allieson new industrial property development• Lend financial support to feasibility, engineering,master planning and environmental studies• Provide financial support to economicdevelopment allies for qualified trainingprograms
  • 9. aeped.com 9In Summary…In the end, it’s all about…• Relationships• Marketing• Competitive Product• Deal Closure• Job Creation and Retention• Capital Investment• Capturing New Electric Revenue
  • 10. aeped.com 10Questions and Comments?John J. SmolakAppalachian Power Company540-985-2605 - office540-598-1984 - celljjsmolak@aep.comwww.aeped.com