AEP Resources' Boyd: Economic Woes Aside, Asia/Pacific Offers Electric Opportunities

HOUSTON, Sept. 14, 1998 -- The downturn in the Asian economy has slowed the pace of electricity projects in the region, but hasn't eliminated the need. "The Asia/Pacific market has massive long-term growth prospects, but the shortage of available project financing in the region has altered the timetable for many electricity projects," said Donald Boyd, AEP Resources' senior vice president, Asia/Pacific development. "Still, opportunities do exist. "Many countries in the region recognize the need for increased electricity generation to support future economic growth and development," Boyd said. "In some countries, existing generation or distribution assets are expected to be on the market, either through privatization of government assets or corporate refocusing by asset owners." Boyd made his comments while attending the 17th Congress of the World Energy Council in Houston, where AEP Resources is an exhibitor (booth 2301, George R. Brown Convention Center). Competition for electricity assets or projects has become global, with expected or ongoing changes in many countries attracting interest from companies around the world. "The global electricity industry has undergone dramatic change in recent years, an evolution that will continue in the foreseeable future," Boyd said. "Many factors drive this change, but the common element is the recognition of the need for reliable, inexpensive electricity to make a nation's industries and economy competitive in the global marketplace." AEP Resources, a subsidiary of American Electric Power (NYSE: AEP), pursues energy-related global investment opportunities and projects. AEP Resources owns 50 percent of Yorkshire Electricity Group, a regional electric company in the United Kingdom; 70 percent of a two-unit power plant nearing completion in Henan Province, China; and 20 percent of Pacific Hydro, an Australian company that develops and operates hydroelectric facilities. AEP Resources is actively pursuing greenfield development projects or business and asset acquisition throughout North America, Latin America, Europe and the Asia/Pacific region. The company monitors global developments from its offices in Columbus, Ohio; London; Singapore; Toronto; Beijing; and Sydney, Australia. Boyd heads the Asia/Pacific regional office in Singapore. "Many countries, like the United States, Austrailia, Canada and the United Kingdom, are moving from a highly regulated electricity market to a competitive market," Boyd said. "Others, like Brazil and Mexico, have begun, or are considering, selling government-owned electricity assets to private entities. And developing nations like China are recognizing the need for additional electricity generation or transmission and distribution facilities to support development and economic growth." But the current economic situation in Asia has forced many potential market participants to defer plans. "Economic situations change and companies must consider that when evaluating opportunities," Boyd said. "That's why AEP Resources enters markets as a long-term participant. We want to be long-term partners with local communities and companies. We know that the more we do to help our customers and communities grow, the more successful we will be as a company." AEP Resources' capabilities are a good fit with opportunities available in the Asia/Pacific electricity market, Boyd said. "AEP, our parent company, has almost a century of success as a very efficient, low-cost provider of electricity," Boyd said. "AEP built and operates some of the world's most efficient coal-fired power plants in the United States. It also built and operates a 22,000-mile transmission grid and a 105,000-mile distribution network to move electricity from the plants to customers. These historic strengths are assets when we participate in projects around the world." AEP, a global energy company, is one of the United States' largest investor-owned utilities, providing energy to 3 million customers in Indiana, Kentucky, Michigan, Ohio, Tennessee, Virginia and West Virginia. AEP has holdings in the United States, the United Kingdom, China and Australia. Wholly owned subsidiaries provide power engineering, energy consulting and energy management services around the world. The company is based in Columbus, Ohio.

For More Information, Contact: Pat D. Hemlepp Manager, Media Relations American Electric Power 614/223-1620

More From AEP Ohio

Sign Up Now Pay Online for Free with Paperless Billing

Pay Online for Free with Paperless Billing

Learn More

You wanted a bill that is simple, clear and colorful

How We Restore Power Learn more

How We Restore Power

Find Out How Save Energy. Save Money

Save Energy. Save Money

Visit AEP.com
Use of this site constitutes acceptance of the AEP Terms and Conditions. View our Privacy Policy. © 1996-2019 American Electric Power. All Rights Reserved.

Privacy Policy

Privacy Policy for AEP Ohio, a unit of American Electric Power (AEP)


This Privacy Policy applies only to AEPOhio.com and the AEP Ohio customer mobile app (com.aep.customerapp.aepohio). Other AEP websites and apps may be governed by their own privacy policies, appropriate to the uses and needs of each. Throughout the site or app, we may provide links to resources and sites that are not part of AEPOhio.com or the AEP Ohio customer mobile app. This Privacy Policy does not apply to those resources and sites.


By using this site or app, you consent to the terms of this Privacy Policy. Whenever you submit information via this site or app, you agree to the collection, use, and disclosure of that information in accordance with this Privacy Policy.

Information Collected

  1. Passively collected information

    During your use of this site or app, we may collect anonymous information about your visit here through the use of server logs, cookies, scripts, tracking pixels and other Web traffic tracking systems. This information is aggregated and used to improve user experience through analysis of user activities. This information is never combined with any of the personally identifiable information you may provide in your use of the features of this site or app.
  2. Personally identifiable information

    On certain forms of this site or app, you may be asked to provide information about yourself or your account with us, either to identify yourself to us or to request a service from us. In each case, we will inform you what information is provided at your option and what information is required to complete the transaction or activity you are engaged in. If you are unwilling to provide this required information, you will be unable to complete the requested transaction.

Use and disclosure of information

The information you provide to us will be used to respond to requests you may make for services. Some or all of this information may be added to your permanent account record and may be used for research purposes.

In addition, we may use elements of this information in the following situations:

  1. We may transfer the information to AEP Ohio’s affiliates and subsidiaries, unless such transfer is prohibited by law;
  2. We may transfer the information as part of a merger, consolidation, acquisition, divestiture or other corporate restructuring (including bankruptcy);
  3. We may make the information available to third parties who are providing the product, service or information that you have requested (but not your password);
  4. We may make such information available to third parties who are providing services to AEP Ohio (for example, providing the information to third parties performing computer-related services for AEP Ohio);
  5. We may use the information to communicate with you about products and services that may be of interest to you.
  6. We may disclose the information if we form a good-faith belief that disclosure of such information is necessary to investigate, prevent, or take action regarding any illegal activities or regarding interference with the operation of our site or violation of its terms of use; or
  7. We may disclose the information if we believe that disclosure is required by law or regulation or in response to a subpoena or other order of a court or other governmental agency.

AEP Ohio uses Flurry Analytics Service (provided by Yahoo) in order to improve its mobile apps. Flurry’s privacy policy governs the use of this information.

Also, AEP Ohio reserves the right to share any aggregated information (i.e., non-personally identifiable information) with any third parties for any reason, unless prohibited by law.

We will not sell, rent or otherwise disclose the information we gather about you or your account to any third party, except as outlined in this Privacy Policy.


AEP Ohio takes reasonable steps to protect your personally identifiable information as it is transferred to us, through the use of Web technologies such as the Secure Sockets Layer and others. However, no Internet transmission of information is ever completely secure or error-free. In particular, e-mail sent to or from AEP Ohio may not be secure.

How to Reach Us

If you would like to update your personally identifiable information or if you have questions about this privacy policy, please contact us.

Changes to This Policy

AEP Ohio reserves the right to change this Privacy Policy at any time. If this Privacy Policy changes, the revised policy will be posted to this site. Please review this Privacy Policy before you provide any personally identifiable information through this site. Use of our web site after the posting of a revised privacy policy constitutes your consent to the revised policy.

This policy was last revised on December 13, 2017.

Close ×

Sign Up For Alerts

Subscribing to AEP Ohio alerts gives you instant notification for:

  • Billing & Payments - avoid late payments and disconnection
  • Outage Updates - find out if there's an outage at your address and when power will be back on

Win an Xbox One with Alerts!

Enroll in alerts to be eligible to win. Subscribing to I&M alerts gives you instant notification for:

  • Billing & Payments - avoid late payments and disconnection
  • Outage Updates - find out if there's an outage at your address and when power will be back on

Loading video...