AEP Names Richard To Board Of Directors
COLUMBUS, Ohio, Jan. 22, 2013
COLUMBUS, Ohio, Jan. 22, 2013 /PRNewswire/ --Oliver G. "Rick" Richard III,
former chairman, president and chief executive officer of Columbia Energy
Group, has been elected to the American Electric Power (NYSE: AEP) Board of
Richard, 60, was chairman, president and chief executive officer of Columbia
Energy Group from 1995 to 2000. Previously, he served as chairman, president
and chief executive officer of New Jersey Resources Corp., as president and
chief executive officer of Northern Natural Gas Co. LLC, and as vice president
and general counsel of Tenngasco. Richard served as a commissioner on the
Federal Energy Regulatory Commission (FERC) from 1982 to 1985. Before joining
FERC, he served as legislative assistant for energy issues to U.S. Sen. J.
Bennett Johnston (D-La). Prior to that, he practiced tax law in Louisiana.
"Rick's extensive experience in the natural gas business and deep knowledge of
the energy industry make him a valuable addition to our board," said Nicholas
K. Akins, AEP president and chief executive officer. "His insights will be
important as we continue to transition our generation fleet, optimize our
investments in our regulated jurisdictions and grow our competitive
transmission and retail energy businesses."
Currently, Richard is president of Empire of the Seed, a consulting firm in
the energy, management, and private investments industries. He also serves as
a director of Buckeye Partners L.P. and Cheniere Energy Partners GP LLC and as
chairman of CleanFUEL USA.
Richard earned a bachelor's degree in journalism and a juris doctorate from
Louisiana State University. He earned a master's degree of law in taxation
from Georgetown University.
American Electric Power is one of the largest electric utilities in the United
States, delivering electricity to more than 5 million customers in 11 states.
AEP ranks among the nation's largest generators of electricity, owning nearly
38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's
largest electricity transmission system, a nearly 39,000-mile network that
includes more 765-kilovolt extra-high voltage transmission lines than all
other U.S. transmission systems combined. AEP's transmission system directly
or indirectly serves about 10 percent of the electricity demand in the Eastern
Interconnection, the interconnected transmission system that covers 38 eastern
and central U.S. states and eastern Canada, and approximately 11 percent of
the electricity demand in ERCOT, the transmission system that covers much of
Texas. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power
(in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana
Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and
Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas).
AEP's headquarters are in Columbus, Ohio.
SOURCE American Electric Power
Contact: Tammy Ridout, Corporate Media Relations, +1-614-716-2347
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