AEP RECOGNIZED FOR GENDER EQUITY EFFORTS, INCLUDED IN BLOOMBERG GENDER-EQUALITY INDEX FOR FIFTH CONSECUTIVE YEAR

COLUMBUS, Ohio, Jan. 31, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) was listed in the 2023 Bloomberg Gender-Equality Index (GEI), which highlights companies dedicated to disclosing their efforts to support gender equality through their business strategy and transparency. This is the fifth consecutive year AEP has been included in the index.

The GEI is a modified market capitalization-weighted index that tracks the performance of public companies committed to transparency in gender data reporting. Scoring is based upon five metrics: female leadership and talent pipeline; equal pay and gender pay equity; inclusive culture; anti-sexual harassment policies; and pro-women brand. AEP was included for scoring at or above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across the framework's five pillars. The index includes 484 companies from 54 industries headquartered across 45 countries and regions.

"A key part of AEP's business strategy is building an engaged workforce and a positive, welcoming culture where all our colleagues feel like they're part of the team," said Julie Sloat, AEP president and chief executive officer. "Our inclusion in the GEI for five years in a row reflects our ongoing work to advance gender equity both at AEP and in the communities we serve. As we transform our workforce, we'll continue to explore best practices to attract top talent and ensure women at our company can excel."

Learn more about AEP's diversity, equity and inclusion strategy.

American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 17,000 employees operate and maintain the nation's largest electricity transmission system and more than 224,000 miles of distribution lines to safely deliver reliable and affordable power to 5.5 million regulated customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse generating capacity, including more than 6,900 megawatts of renewable energy. The company's plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2032. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and has committed to achieving net zero by 2045. AEP is recognized consistently for its focus on sustainability, community engagement, and diversity, equity and inclusion. AEP's family of companies includes utilities 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, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. For more information, visit aep.com.

SOURCE American Electric Power