AEP CEO on Regulation, Energy Security

This transcript is automatically generated

Just happy least one of them sending.

Are still wasn't better regulator and the government or corporate America has a question we've been asking here at fox -- -- -- -- for a long time now.

Nick Akins is the CEO of American electric power and he joins us live from New York.

Nick many of us here -- corporations.

Are better off regulating themselves I think you do too great.

Maturity I think certainly regulated regulatory structures have to be common sense in the -- -- operating -- -- those kinds of structures but.

But it does have to be common sense and from a corporate perspective.

We certainly are able to govern ourselves in many respects.

I know the EPA did try to step in an issue some regulations in your company tried to instill them -- about.

Yeah how well we continue to work with the EPA and others to try to resolve some of the issues.

They came out -- the rules that this very difficult for the industry to me the timetables that they set forth for some of them particularly the retirements of coal fired generation in this country are are very difficult to do from a timing perspective so so we really have to get a cross that threshold with the -- Hopefully they'll happen after the election.

You know -- your act this commitment from.

Where and CEOs policy makers are discussing really big issues one of them.

Crony capitalism corporate governance.

I think sometimes part of the reason the government feels the need to step in is because.

Corporate governance is being ignored in crony -- -- is capitalism exists.

Well out.

I think has -- clearly coming on asked to let let the corporations continue to produce jobs in this country.

I think from a government standpoint like -- said common sense regulations common sense approaches and legislation that makes sense.

And that for the two parties to come together.

And actually produced an environment.

Where business can prosper that's critical for the in this country going forward.

Let's talk about energy security -- I know that's something you'll be talking about today.

The Obama administration has done really just about everything they -- didn't destroy the coal industry where do you stand on all that.

Yeah I think it's important for us to realize that coal is this real part of what this country's all about.

And energy mid -- policy in this country needs to be balanced in these be vast and includes coal natural gas and everything else.

People the president talks about the energy plan that's -- all the above strategy that includes clean coal but he did the administration.

And the into the agencies of the government need to policy without respect so we really do need.

And all we have balanced approach that takes in account the risk -- also takes advantage of the indigenous resources that we have in this country.

And we do and -- it is a national security issues so I hope you and year yes.

Smart cronies down there come up with some really good that nick Higgins -- again to us today -- -- a tough time javelin.

Thank you --

Watch Live

AEP CEO on Regulation, Energy Security

Details

Clips

Latest Video

Did We Get Any Answers from the IRS Hearing?

Former IRS Commissioner on the Scandal

Why Did No IRS Employees Come Forward?

Will Scandals Hurt the Democratic Party’s Future?

Lack of Money: Politicians Favorite Scapegoat?

Sexual Assault Crisis in the Military?

No Signs of the Markets Easing?

Rep. Forbes: Culture of Arrogance in White House

Luxury Hotel Goes to the Dogs

NYC Photographer Selling Photos of People in Their Homes?

Seniors Delaying Paying Off Mortgage to Invest?

Florida Shortening Yellow Lights to Boost Revenue?

Transcript

Recommended