GAHANNA, Ohio, Feb. 23, 2015 — AEP Ohio, a unit of American Electric Power (NYSE: AEP) makes investing in qualified energy efficiency improvements even easier. AEP Ohio can connect eligible customers with experts in financing energy efficiency projects through its Efficient Financing pilot program.
“The Efficient Financing pilot is a great way for businesses to obtain energy-efficient solutions without a substantial upfront financial investment,” says Julie A. Volpe Walker, energy efficiency and peak demand response R&D coordinator for AEP Ohio. “The risk of a large financial investment is often discouraging to business owners. AEP Ohio is proud to offer a unique way to help customers achieve both energy and cost savings.”
Currently, KeyBank is the financial services company working with AEP Ohio to offer lending options to qualified borrowers participating in the incentive programs. KeyBank is well versed in financing HVAC, lighting and controls, as well as other advanced energy initiatives for clients.
“We’re interested in supporting companies that have sustainability as a goal,” said Joe Paterniti, vice president in KeyBank’s Commercial Banking segment. “More companies are seeking to conserve cash and reduce energy dependency. We’re backing the projects of qualified borrowers.”
To learn more, businesses may contact their AEP Ohio account representative or speak to an AEP Ohio Business Incentives Program representative at 1.877.607.0739 or send an email to aepohioincentives@dnvgl.com. Information is also available at AEPOhio.com/Solutions. Businesses also may contact KeyBank directly at energyefficientfinancing@keybank.com with questions about financing energy efficiency projects.
Visit AEPOhio.com/Solutions for information about other energy efficiency programs for businesses. For more information about AEP Ohio’s energy efficiency programs for residents, visit AEPOhio.com/WasteLess.
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AEP Ohio provides electricity to nearly 1.5 million customers of major AEP subsidiaries Ohio Power Company in Ohio. AEP Ohio is based in Gahanna, Ohio, and is a unit of American Electric Power. News and information about AEP Ohio can be found at AEPOhio.com.
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 40,000-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 and north Texas). AEP’s headquarters are in Columbus, Ohio. News releases and other information about AEP can be found at AEP.com.
MEDIA CONTACTS:
AEP Ohio
Fay White
614-883-6679
aepohiomediarelations@aep.com