Nearly one fourth of AEP’s workforce is represented by labor unions. We value the relationships we have with our unionized employees and believe in a trusting, collaborative and respectful partnership. We are working with our labor partners to strengthen these relationships to ensure we have a culture that attracts and supports employees who can adapt to the rapid changes occurring in our company and industry. Our partnership with labor unions is critical to meeting the growing expectations of our customers and adapting to the challenges of rapidly changing technologies. We also have multiyear contracts in place with our union partners to enhance continuity for both the company and our workforce.
Our relationship often goes beyond the confines of a contract. Together, we are expanding our focus on safety and culture while enhancing productivity. We are also working with labor leaders to support infrastructure development across the nation while developing the talent pipeline and skills needed for the future. We share many common interests on the policy front and collaborate on issues important to each of us. Our labor-management relationship continues to strengthen as our workforce becomes more flexible, creative and engaged. Our partnership with organized labor is instrumental with regulatory, legislative and rate-related issues.
AEP continues to be a leader in the planning and organizing of the annual National Labor and Management Public Affairs Committee (LAMPAC) meeting. This collaborative effort of labor and management is designed to bring together energy company executives and leaders from IBEW to advance the common objectives of the electric power industry and IBEW members.