N EWS R ELEASES

Six major utilities today announced a plan to ensure that electric vehicle (EV) drivers have access to a seamless network of charging stations connecting major highway systems from the Atlantic Coast, through the Midwest and South, and into the Gulf and Central Plains regions.

AEP Energy, a subsidiary of American Electric Power, has signed an agreement with Abercrombie & Fitch Co. to provide clean energy through an Integrated Renewable Energy (IRE) solution.

• Year-end 2020 GAAP and operating earnings of $4.44 per share
• Fourth-quarter 2020 earnings of $0.88 per share GAAP and $0.87 per share operating
• Company raises 2021 operating earnings (non-GAAP) guidance range to $4.55 to $4.75 per share; maintains 5% to 7% long-term growth rate based on new guidance
• AEP accelerates carbon dioxide emissions reduction goals to reach net zero by 2050

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Feb. 25. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

Request Supports Virginia's Goal to Reach 100% Clean Energy by 2050

Appalachian Power today issued a Request for Proposals (RFPs) for up to 300 megawatts (MWs) of solar and/or wind generation resources. The request for bids is the first in a series of RFPs Appalachian Power will issue this year to comply with provisions of the Virginia Clean Economy Act (VCEA). 

American Electric Power has reached an agreement to sell its 48-megawatt (MW) hydroelectric Racine Plant in Racine, Ohio, owned by AEP Generation Resources, the company’s competitive generation affiliate, to Eagle Creek Renewable Energy.

American Electric Power was named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation. AEP earned a perfect score for the second consecutive year on the foundation’s 2021 Corporate Equality Index, an annual measure of how equitably large businesses in the United States treat their lesbian, gay, bisexual, transgender and queer employees, consumers and investors.

American Electric Power (Nasdaq: AEP) is included in Fortune magazine’s World’s Most Admired Companies list in the electric and gas utilities sector for the eighth year in a row. AEP was one of 670 companies from 30 countries surveyed for inclusion on this year’s list, which evaluates companies’ financial performance and corporate reputation.

American Electric Power has named Amanda Riggs Conner vice president – FERC and RTO Strategy & Policy, effective Jan. 30.

American Electric Power is recognized in the 2021 Bloomberg Gender-Equality Index (GEI), which highlights companies dedicated to reporting gender-related data and advancing women’s equality. This is the third consecutive year AEP has been included in the index.