Thread regarding American Electric Power Co. Inc. layoffs

@39ha Have you heard what departments or OPCo’s?

@39ha need more details! What have you heard?

@39ha if you’re going to put stuff out there like this at least give some more details instead of just causing fear and panic

@39g0 I'll give you 25 cent for wiping some honey off a geriatric's teabag and but balm on a rugburned anoose. I couldn't get the positioned approved for O&M, so this has got to be done under the table thing.

@39ha which departments will have layoffs?

@39g0 wait until April and you might get severance. Layoffs coming

@39g0
Unless you are retiring no. I would not turn in your resignation till you get the ICP.

Does anybody know if I still get my ICP if I resign this week?

@39ca good for him!

American Electric Power Company Inc. $(AEP)$ has granted a special equity award to William J. Fehrman, the company’s Chair, President, and CEO. The award includes $10 million in performance shares, which will vest based on AEP’s relative total shareholder return (rTSR) over a five-year period ending December 31, 2030. The number of shares vesting will depend on AEP’s rTSR performance compared to its peers, with a performance score ranging from 0% to 200%. Additionally, Fehrman will receive $5 million in restricted stock units, which will vest on December 31, 2030, contingent upon his continued employment with AEP.

@38np Polished your jackboots lately, Herr Dietrich. I hear your skull and crossed bones are just a fashion statement, according to you.

Stakeholder, shareholder and customer, why do we feel like the least when we are the most and have the greatest impact on our company's success? We have always been successful regardless of who sat in the CEO chair. It is time WE celebrated our success on our terms and the Johnny Come Lately CEO had his compensation adjusted at our discretion for our benefit not his. A disappointing ICP and raises shall be the provocation for outright rebellion. United We Thrive or divided we subsist.

@38sm Because out-sourcing IT and Accounting were unprecedented successes, not.

Looks like relocating AEP headquarters is still on the table. I thought they decided to stick with 1RP?

https://www.dispatch.com/story/business/energy-resource/2026/01/28/aep-headquarters-ohio-downtown-columbus-dewine-jobsohio/88379221007/?gnt-cfr=1&gca-cat=p&gca-uir=true&gca-epti=z11xx83p002850n11----c11----d00----v11xx83d--52--b--52--&gca-ft=37&gca-ds=sophi&tbref=hp

@38sm Corruption is the secret sauce of AEP's success. Why earn it when you can cheat and steal it.

If the OpCos decide to go outside for engineering services amd service contracts, it’ll be on them if there’s any cost overruns. Makes it ripe for under the table type of agreements. Thoughts?

I wish people would ki-l the partisan BS and realize something. If you weren't so busy picking a side, you could think for yourself. Country over party. Things are turning very un-American and the Constitution has become toilet paper. You joined a team to harden your identity and make yourself feel better, and burned everything your ancestors fought against in the process. Independent voter here. Midterms are coming. The oligarchy will not be pleased after that. Now, take your political silliness somewhere else, or go buy some cult swag or something.

@38p7 I'm happy with political HB6 style bribes that were needed to contend with ESG/DEI type regulations where you had to get permits from the EPA for purple-haired cross-frogged non-binary permission from a native tribe to build a power line. It's all coming from the same taxpayers.

What I have noticed about AEP republicans, which I am one. They see things and somehow have convienced themselves that the things that are occuring or have occured within the company are not bad. The company is big with DEI. Dont deny it. The company is big on neopotism, it exists, you have seen or maybe practiced it. It is still wrong, dont deny it. The company does not promote the most qualified, they lack merit and play favorites, this is wrong dont deny it. The company has participated in fraud with Ohio state leaders. This is known to be true. If you really want to be a better company, better country, better republican party, start by looking at yourselves and your own denial and start some accoubtabilty. Live like Charlie Kirk statex instead of doings things that make you feel good, do good. Be better.

Uh oh. Signal chats are leaking from Minneapolis Berners. Antifa cranks doing the whole resistance thing in our company should be worried about their own little chats. Hopefully getting jailed next.

@386q
It doesn't matter. No one gets to work until 68 now anyway. Having 20 years and gray hair is a liability that paints a target on your back now. The number of people over 60 here is critical and dropping, and if you're a manager forget it. They're coming for you well before that. I don't think these kids will ever get anything like the career path we had.

@38bg I would have never thought of it that way and my perspective has changed. The shareholders are proud of tea steeper.

@38b6 I think he's just pointing out, don't stay just for the company. But your right, some people have a hard time letting go. Me I'm out of here and never looking back when I retire. Or leave

@386q When I'm 70+ and retired from AEP I'm not going to be on the layoff board. I'm going to be steeping my teabag in some honey in the Congo and itching my anoose by scooting on the floor. Why come back here?

@386q virtue signaling on an anonymous form is some different behavior

@387s I have never given a dime to the PAC. After HB6 mess, I can sleep at night knowing I had nothing to do with it. Can Nick?

@386q AEP is becoming a private equity firm masquerading as a regulated electric utility monopoly that corrupts its regulators and our legislators to increase CEO and major shareholder value. Have you given generously to AEP's PAC so they can further oppress and exploit their stakeholders?

@385j I'm not sure I would have worked until I was 68 again in this environment. Having been retired for several years now, I thought staying well past my needed points (well over a 100 pts) its been clear the company would treat me differently today than just a few years ago. It all goes back to Bill, I'm glad that I left under Nick but even his last few years were different than his first few years. I did not have the "pleasure" of being around for Julia but I did see her as a DEI hire and I think that was part of Nick's transition to being a man more focused on the optics than the actual need of the company.
Being retired I have no skin in the game but I am a shareholder so I am "happy" with the higher share price but I'm also conflicted with "at what cost"! I will most likely sell all of my shares this year so I can sleep better, knowing I'm not involved with Bill and his quest for turning the company into something unrecognizable from the past.

To the lineman, stay safe, take your time, rushing causes the loss of focus, loss of focus results in getting yourself or someone else hurt or worse.

AEP has become a negative sum investment for stakeholders and many are looking for better ROIs: work life balance, better work environment, compassionate and empathetic leadership and career opportunities based on proficiency, work ethic and talent not butt kissing, yes manning and no threat to their superiors' career progression. The promotion of servile, fawning incompetence is the very reason why we are doing the work of three employees for the salary and benefits of 2/3s of an employee.

Inflation has significantly eroded the purchasing power of a $100,000 annual income, with high inflation between 2020 and 2024 reducing its real value to roughly $80,000–$85,000 in 2020 purchasing power, according to Dynamic Tax & Accounting Services and Yahoo Finance. Roughly 19% cumulative inflation from 2020 to 2024 means $100,000 now requires about $119,000 to maintain the same standard of living.
Key Impacts of Inflation on $100,000 Income:

Purchasing Power Reduction: A $100,000 salary from 2020 has lost approximately 19% of its value by 2024, meaning it feels like roughly $81,000 in 2020 dollars.

Significant Erosion Over Time: According to In2013Dollars, $100,000 in 2015 would require over $132,000 in 2024 to have the same buying power.

Cost of Living Increases: The same $100,000 income cannot afford the same housing, food, and services it did five years ago, as exemplified by rising median home prices from $322,000 in 2020 to over $417,000 by 2025.

Long-Term Impact: Over longer periods, such as 30 years, a 3% annual inflation rate can erode nearly 60% of an asset's purchasing power, notes Hills Bank.

As a result, the "six-figure" salary, once a significant benchmark of wealth, now offers a reduced standard of living in many areas, requiring individuals to adapt by focusing on intentional spending or relocating to lower-cost areas.

Doing the work of three employees for significantly less income. Stress aging employees at a significantly accelerated rate. I wondering if corporate America is deliberately trying to lower the life expectancy of older employees to cut retirement obligations and the need to fix Social Security.

I'm wondering if corporate is getting a lot of push back with costs when presenting requests before the PUCs. I know years ago, rate increases treated costs at the SC lev different than those at the OPCO level. Anyone on this board working on rate requests, can you chime in?
I don't, closest thing I have to worry about is my time sheet codes are correct, which 20% are not. Have to change a few items each week to make it look like I actually did what I said I did but I still end up working on stuff I'm not supposed to but I do it anyway because no one else will. If I don't do it, customers suffer but mgmt doesn't care.
Will see how much they care after this storm hits

@3787 I just ignore him. Usually don't get through the first sentence before I scroll to the next post. You are right, there does seem to more to it than just wanting to spout off so stupid cr-p that came out of his brain matter.
Ignore and move on.

Has there been any communication on which service corp groups are under consideration to be repositioned into the OPCO’s or dissolved completely? Doesn’t take a genius to understand the rationale for this type of restructure. But it seems odd that these vague rumors are getting leaked. Why not either provide more clarity OR keep fully under wraps until actual decisions are ready to be made. I’m v low on the payroll so maybe I’m just out of the loop.

@37je this guy serious?

@37hp This is actually nerve wrecking! I don’t think the leaders of my space are being entirely forthright about it, but it seems like this could significantly impact roles and work demand for some folks that support shared services….or am I making a mountain out of a molehill here? Could people lose jobs if the decision is to move things to OpCo’s??

Making people so afraid of getting onto a report or list, to the point they avoid it however they can, does what, do you suppose, for compliance and reporting overall? Think about it. This is headed nowhere good.

EVPs are meeting with Opco presidents to justify the continued cost and existence of all shared service roles this month.

I think the political rant guy is a hired g-n deliberately set upon this board to destroy it and drive people away. This is a well-known subversive tactic that is used to disrupt and scatter discussion. This board used to be a lot more active and the focus was actually about AEP, now most people seem to have left because this guy has single-handedly destroyed the board here by spamming it with non-stop, unfocused, and superficial political rants. He has been doing this habitually for over a year now.

@372q Do you not have coworkers you can ask about stuff like raises and PIP policies? Why trust people on the internet? Expect 2 to 3.5% raise

@36w5 what are you talking about? Do you even understand how regulated utilities work?