AEP Recognized as One of America's Best Employers for Diversity

COLUMBUS, Ohio, April 23, 2024 ~ Columbus, Ohio - American Electric Power (Nasdaq: AEP) has been named one of Forbes' Best Employers for Diversity in 2024. The prestigious list was developed based on an independent survey from a sample of over 170,000 U.S.-based employees. Participants were asked to anonymously rate their organizations on criteria such as age, gender, ethnicity, disability and sexual orientation equality. Respondents belonging to underrepresented groups were also given the opportunity to nominate other organizations that they felt demonstrated diversity-related best practices.

AEP's Chief Human Resources Officer, Phil Ulrich, expressed pride in the company's recognition for their efforts in creating a culture of inclusivity and respect for all employees. "We will continue to focus on developing a workforce that is reflective of the communities we serve," said Ulrich.

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One of AEP's key initiatives in promoting diversity and inclusion is through their nine employee resource groups. These groups empower employees to engage and lead in a diverse and inclusive work environment. Throughout 2023, these groups hosted various events across AEP locations and actively participated in community initiatives such as the Special Olympics, back-to-school drives, and educating employees on important cultural events like Juneteenth and Black History Month.

Janelle Coleman, Vice President of Community Engagement and Inclusion at AEP, looks forward to another successful year as employees expand their networks across the company and increase their cultural awareness. "Our goal is to create a sense of community among our employees," said Coleman.

AEP's commitment to diversity, equity, and inclusion extends beyond their internal practices. As one of the nation's largest electricity producers with approximately 29,000 megawatts of diverse generating capacity including renewable energy sources, AEP is investing $43 billion over the next five years to make the electric grid cleaner and more reliable. They are also on track to reach an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and have a goal to achieve net zero by 2045.

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In addition to their focus on sustainability, AEP is also recognized for their community engagement and inclusion efforts. Their family of companies includes utilities such as AEP Ohio, AEP Texas, Appalachian Power, Indiana Michigan Power, and more. They also own AEP Energy, which provides competitive energy solutions nationwide.

For more information on AEP's diversity, equity, and inclusion initiatives, visit their website at aep.com. With nearly 17,000 employees operating and maintaining over 40,000 miles of transmission lines and more than 225,000 miles of distribution lines to deliver power to 5.6 million customers in 11 states, AEP remains committed to providing safe, reliable, and affordable power while promoting diversity and inclusion within their workforce and communities.

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