Business & Finance
Business and Finance
Business and Finance
Thu, January 8, 2009 BoardVantage: American Electric Power Selects BoardVantage
MENLO PARK, CA--(Marketwire - January 8, 2009) - American Electric Power (
Mr. Jeffrey Cross, Deputy General Counsel and Assistant Secretary, notes, "As part of a corporate initiative to move away from manual board process, our board was keen to reap the benefits of a secure board portal, with a centralized repository, remote access, and the ability to review online. In addition, as AEP's Directors travel frequently, BoardVantage gives them a convenient and secure way to access Board materials wherever they may be."
"BoardVantage is increasingly the portal of choice of the energy sector," commented Joe Ruck, president and CEO, BoardVantage. "Boards in the energy business frequently deliberate about a broad range of policy, environmental and financial issues. This places a premium on immediate and full access to board documents and supporting materials."
About American Electric Power
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. For further information, please visit [ www.aep.com ].
About BoardVantage
BoardVantage is the leading provider of secure [ board portals ], with 200 [ customers ] -- including over 20 Fortune 100 companies. BoardVantage provides a secure and user-friendly Web portal for centralizing board documents, processes and communications. It also provides [ productivity tools ] for creating and distributing board materials efficiently. BoardVantage is [ SAS 70 Type II certified ], and meets or exceeds the standards of the most security conscious IT departments, including those of major financial institutions. To learn more, visit [ http://www.boardvantage.com/ ].
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