AEP Releases Corporate Accountability Year-End Update Published 12-14-20 Submitted by AEP - American Electric Power COLUMBUS, Ohio, December 14, 2020 /CSRwire/ – American Electric Power (Nasdaq: AEP) has issued its Corporate Accountability Report Year-End Update, which highlights significant developments in the company’s environmental, social and corporate governance (ESG) efforts since releasing its 2020 Corporate Accountability Report in May. The update details the company’s response to the COVID-19 pandemic, including its outreach to customers and communities and its proactive focus on the safety of employees, and explains AEP’s efforts to foster diversity, equity and inclusion in the workplace. The company made progress in its clean energy transition, receiving regulatory approvals to move forward with the 1,485-megawatt North Central Wind projects to serve customers in Louisiana, Oklahoma and Texas. AEP also announced its plan to retire an additional 1,633 megawatts (MW) of coal-fueled generation by 2028. In addition, AEP is reducing its carbon footprint by accelerating electric vehicle (EV) purchases and will replace its entire fleet of cars and light-duty trucks with EV alternatives within the next decade.