AEP Sustainability

Operational and Financial

Energy	2020	2021	2022

Owned Generation Capacity (MW)1
Total Owned Nameplate Generation Capacity	25,496	24,857	25,050
Coal	13,230	11,858	11,263
Natural Gas	7,684	7,615	7,613
Nuclear	2,288	2,296	2,296
Total Renewable Energy Resources	2,294	3,088	3,858
Hydroelectric	853	805	805
Solar	229	362	369
Wind	1,212	1,921	2,684
Other	0	0	20
Owned Net Generation (MWh)
Total Owned Net Generation	76,459,882	82,567,070	78,674,590
Coal	38,184,507	45,052,460	37,058,587
Natural Gas	14,175,228	13,077,646	14,740,697
Nuclear	18,268,937	17,960,716	16,621,031
Total Renewable Energy Resources	5,831,210	6,476,248	10,254,275
Hydroelectric	1,121,235	860,163	623,425
Solar	535,200	745,647	840,748
Wind	4,174,775	4,870,438	8,790,102
Purchased Net Generation (MWh)2
Total Purchased Generation	18,069,220	66,312,717	75,135,883
Coal	4,410,801	4,549,389	6,763,991
Natural Gas	4,355,732	2,969,042	1,151,496
Total Renewable Energy Resources	9,302,687	8,907,536	9,393,572
Hydroelectric	234,869	139,780	212,325
Solar	11,825	24,183	80,972
Wind	9,055,993	8,743,573	9,100,275
Other	–	49,886,750	57,826,824
Owned & Purchased Net Generation (MWh)2
Total Net Generation for the Data Year	94,529,102	148,879,787	153,810,473
Coal	42,595,308	49,601,849	43,822,578
Natural Gas	18,530,960	16,046,688	15,892,193
Nuclear	18,268,937	17,960,716	16,621,031
Total Renewable Generation	15,133,897	15,383,784	19,647,847
Hydroelectric	1,356,104	999,943	835,750
Solar	547,025	769,830	921,720
Wind	13,230,768	13,614,011	17,890,377
Other	–	49,886,750	57,826,824
Facility Energy Performance
Facility Energy Consumption (KWh)	125,005,335	104,334,588	100,582,993
Percent Reduction since 2007 Baseline	35%	38%	38%

12020 data includes capacity retired throughout the year. 2021 and 2022 reflects year-end capacity.

2Purchased Net Generation reporting methodology was updated and is applied to both 2022 and 2021 data. 2021 data has been restated to align with this new methodology. Methodology now includes all purchased power from unknown and known sources.

Grid Reliability	2020	2021	2022

Grid Overview
Transmission Lines	~40,000	~40,000	~40,000
Distribution Lines	~223,000	~224,000	~225,000
Reliability1
System Average Interruption Duration Index (SAIDI) (Minutes)	231.80	238.50	269.90
System Average Interruption Frequency Index (SAIFI) - Number of Interruptions	1.47	1.47	1.54
Customer Average Interruption Duration Index (CAIDI) (Minutes)	158.00	161.80	175.00
Customer Average Interruption Frequency (CAIFI) (Minutes)	2.19	2.21	2.31
Average System Availability Index (ASAI)	99.96%	99.96%	99.95%

1Includes major storm events

Customer	2020	2021	2022

Customers1
Residential	4,709,111	4,735,221	4,755,584
Commercial	721,900	732,211	736,491
Industrial	46,576	45,741	45,189
Other	30,183	30,294	30,599
Total	5,507,770	5,543,467	5,567,863
Customer Energy Efficiency Programs & Smart Meters
Percent of Smart Meters Deployed	60%	63%	72%
Total Investment in Energy Efficiency Programs	$150,299,080	$95,681,983	$86,806,298
Incremental Annual Electricity Savings from Energy Efficiency Measures (MWh)	1,148,334	406,737	349,952
Annual Demand Savings (MW)	320	197	183
Avoided CO2 Emissions (Metric Tons)	477,475	204,621	202,287
Number of Residential Customers Participating in Energy Efficiency Programs	1,034,389	266,526	331,644
Customer Disconnects2
Customer Disconnects	265,204	418,328	497,774
Customer Reconnects within 7 Days	206,391	340,595	413,928
Residential Customer Disconnects	252,456	402,779	484,471
Residential Customer Reconnects within 7 Days	197,963	328,516	399,258
Customers Assistance
Residential Energy Affordably Transactions	580,182	621,456	713,893
Energy Assistance Funds Provided to Low-Income Customers	~$91.7 million	~$134.8 million	~$218.1 million
Number of Agency Pledges made Online	24,286	31,174	59,149
Amount Contributed to Agency Pledges for Energy Assistance	~$6.7 million	~$15.2 million	~$25.5 million

1Data as of November of data year

2Credit related service terminations were suspended during a portion of the 2020 year due to COVID-19 mitigation. This activity has since been reinitialized.

Economic	2020	2021	2022

Financial Data
Total Revenue	$14.92 billion	$16.79 billion	$19.64 billion
Total Assets	$80.8 billion	$87.7 billion	$94 billion
Total Annual Capital Expenditures/Investments (Nominal Dollars)	$5,893 million	$6,547 million	$7,982 million
Employee Wages
Amount Spent on Employee Wages	$1.8 billion	$1.95 billion	$1.95 billion
Taxes Paid
Local & State	$1,303 million	$1,391 million	$1,530 million
Federal1	$70 million	$69 million	$246 million
Earnings Performance
Earnings per Share (GAAP)	$4.44	$4.97	$4.51
Operating Earnings per Share	$4.44	$4.74	$5.09
Cash Dividends per Common Share	$2.84	$3.00	$3.17
Economic & Business Development
Jobs Supported by AEP's Economic & Business Development	29,808	37,899	22,998
Economic Development Contributions	$1,901,036	$1,350,022	$1,177,399

1Federal taxes paid significantly increased from 2021 to 2022 as a result of income tax activity.

Environment

Emissions	2020	2021	2022

Emissions Breakdown1
CO2 (MT)	44,369,322	50,790,329	45,079,826
SO2 (MT)	29,720	33,987	29,819
SO2 (US Ton)	32,761	37,465	32,869
SO2 (Lbs)	65,521,727	74,928,901	65,738,948
NOx (MT)	23,990	26,926	25,775
NOx (US Ton)	26,445	29,681	28,412
NOx (Lbs)	52,889,173	59,362,878	56,824,435
Mercury Emissions to Air (Lbs)2	213	256	191
Mercury Emissions to Air (kg)2	96	116	87
Total Scope 1 GHG Emissions (MT CO2e)	49,642,532	56,401,080	51,099,948
CO2 (MT)	48,807,820	55,612,321	50,678,735
N2O (MT CO2e)	194,305	225,739	200,497
CH4 (MT CO2e)	141,581	163,629	146,796
SF6 (MT CO2e)	498,826	399,391	73,920
Emission Intensity
Owned + Purchased Generation Emissions Intensity (MT CO2e / Net MWh)	–	0.530	0.522

1Represents direct emissions from AEP owned Title IV Sources only

2Based on equity ownership. Current year mercury emission data is preliminary.

Water	2020	2021	2022

Total Water Withdrawal
Total Water Withdrawal (Millions of Gallons/day)	4,022	4,276	2,481
Total Water Withdrawal (Millions of Gallons/year)	1,471,962	1,560,629	905,689
Total Water Withdrawal (Billions of Liters/year)	5,572	5,908	3,428
Water Withdrawal by Source Breakdown
Surface Water Withdrawal (Millions of Gallons/day)	4,017	4,272	2,476
Surface Water Withdrawal (Millions of Gallons/year)	1,470,203	1,559,368	903,816
Surface Water Withdrawal (Millions of m3/year)	5,565	5,903	3,421
Groundwater (m3/year)	5,324,059	3,975,163	5,075,675
Other (m3/year)	1,335,417	794,646	1,595,492
Water Discharge1
Total Water Discharge (Millions of Gallons/day)	3,873	4,119	2,424
Total Water Discharge (Millions of Gallons/year)	1,417,526	1,503,402	884,841
Total Water Discharge (Billions of Liters/year)	5,366	5,691	3,349
Water Consumption2
Total Water Consumption (Millions of Gallons/day)	140	161	58
Total Water Consumption (Millions of Gallons/year)	55,840	58,702	21,079
Total Water Consumption (Billions of Liters/year)	211	222	80
Water Intensity3
Water Withdrawal Intensity (Gallons/net MWh)4	21,870	20,736	13,493
Water Withdrawal Intensity (Billions of Liters/net MWh)4	0.00007	0.00008	0.00005
Consumptive Water Use Intensity (Gallons/net MWh)5	830	780	314
Consumptive Water Use Intensity (Billions of Liters/net MWh)5	0.00000319	0.00000295	0.000001
Non- Consumptive Water Use Intensity (Gallons/net MWh)6	41,590	37,917	13,183
Non- Consumptive Water Use Intensity (Billions of Liters/net MWh)6	0.00008	0.00014	0.00005

1All water discharge represents surface water discharge

2All water consumption is freshwater

3Water intensity data is an average value across our steam electric system. AEP does not include renewable MWhs in intensity metrics because water is not used in the renewable energy process. Plants that AEP only has partial ownership are also excluded as AEP does not control the way they operate.

4Based on total water withdrawal values/total MWhs

5Based on total water consumed/total MWHs

6Based on individual total water use values/MWhs then all individual values averaged

Waste	2020	2021	2022

Facility Waste Generation1
Recycled Scrap Metal Waste (Lbs)	40,685,181	39,321,951	37,563, 314
Batteries Recycled (Lbs)	171,545	176,880	64,645
Electronic Waste Recycled( Lbs)	28,183	18,857	11,908
Light Bulbs Recycled (Lbs)	26,727	51,441	38,746
Recycled Used Oil (Gallons)	273,994	233,325	389,894
Coal Combustion Products
Total CCPs Generated (US Tons)	2,908,761	3,439,697	2,791,489
CCPs Diverted from Landfill (US Tons)	1,019,205	1,069,923	1,197,682
CCP Avoided Disposal Costs	–	$17,829,733	$20,131,599
CCP Revenues Generated	–	$11,938,635	$12,084,787
CCP Diverted from Landfill Percent	35%	31%	43%

1Not inclusive of all AEP Facilities

Biodiversity	2020	2021	2022

Mitigation Required Acres Enhanced or Restored Supporting Natural Habitat & Biodiversity	29,750	29,752	30,180
Voluntary Acres Enhanced or Restored Supporting Natural Habitat & Biodiversity	251,060	251,115	253,668
Mitigation Required Acres Enhanced or Restored Supporting Pollinator Habitat & Biodiversity	24	27	107
Voluntary Acres Enhanced or Restored Supporting Pollinator Habitat & Biodiversity	246	260	262

Social

Workforce	2020	2021	2022

Employee Type
Total Number of Employees	16,864	16,688	16,974
Number of Full-time Employees	16,840	16,658	16,940
Number of Part-time Employees	24	30	34
Number of Represented Employees	4,015	3,836	3,846
Number of Veteran Employees	1,706	1,654	1,640
Percent of Veteran Employees	10%	10%	10%
Percent of Veteran New Hires	6%	7%	7%
Total Number of Professionals	5,600	5,701	5,859
Total Number of First/Mid Level Officials	2,943	2,982	3,142
Total Number of Executive/Senior Level Officials	232	229	225
Workforce Demographics
Traditionalists (1945 & Before)	0.088%	0.07%	0.06%
Baby Boomers (1946–1964)	27%	24%	20%
Generation X (1965–1980)	37%	37%	37%
Millennials (1981–1996)	34%	36%	38%
Generation Z (1997 & Beyond)	1%	2%	5%
Workforce Diversity
Total Female Employees	3,325	3,340	3,455
Percent of Female Employees	20%	20%	20%
Number of Female Professionals	1,535	1,604	1,673
Percent of Female Professionals	–	28%	29%
Number of Female Officials & Managers	494	517	556
Percent of Female Officials & Managers	–	18%	18%
Number of Female Employees in an Executive/Senior Level Position	44	50	54
Percent of Female Employees in an Executive/Senior Level Position	–	22%	24%
Total Minority Employees	3,187	3,240	3,433
Percent of Minority Employees	19%	19%	20%
Number of Minority Professionals	1,140	1,182	1,283
Percent of Minority Professionals	–	21%	22%
Number of Minority Officials & Managers	391	417	440
Percent of Minority Officials & Managers	–	14%	14%
Number of Minority Employees in an Executive/Senior Level Position	28	27	29
Percent of Minority Employees in an Executive/Senior Level Position	12%	12%	13%
Employee Development
Hours of Employee Training Tracked through Formal Training Programs (Hours)	775,500	719,528	951,320
Number of Employees who Participate in Tuition Reimbursement	–	575	1,033
Amount Spent on Tuition Reimbursement	$2,042,634	$2,003,269	$3,256,579
Number of Employees Receiving Career Development Reviews	–	11,962	10,985
Percent of Total Workforce Receiving Career Development Reviews	71.66%	71.68%	64.72%
Number of Female Workforce Receiving Career Development Reviews	–	2,976	2,965
Percent of Female Workforce Receiving Career Development Reviews	–	89%	86%
Number of Minority Workforce Receiving Career Development Reviews	–	2,526	2,280
Percent of Minority Workforce Receiving Career Development Reviews	–	78%	66%
Employee Opportunities/Promotions1
Total Number of Opportunities/Promotions	787	1,376	1,482
Opportunity/Promotion Rate2	4.7%	8.3%	8.9%
Total Opportunities/Promotions for Female Employees	175	312	363
Female Opportunities/Promotion Rate3	22.2%	22.7%	24.5%
Total Opportunities/Promotions for Minority Employees	156	272	310
Minority Opportunities/Promotion Rate3	19.8%	19.8%	20.9%
Employee Hires, Retention & Turnover
Total Hires	–	–	1,919
Total Female Hires	–	–	490
Female Hire Percent out of Total New Hires	–	–	25.5%
Total Diverse Hires	–	–	509
Diverse Hire Percent out of Total New Hires	–	–	26.5%
Combined Voluntary & Involuntary Employee Turnover Rate2	8.6%	10.0%	9.9%
Combined Voluntary & Involuntary Female Employee Turnover Rate4	–	–	22.6%
Combined Voluntary & Involuntary Minority Employee Turnover Rate4	–	–	21.5%
Total Employee Retention Rate2	–	–	90.0%
Female Employee Retention Rate5	–	–	88.9%
Minority Employee Retention Rate6	–	–	89.5%
Apprentices, Co-Ops & Internships
Transmission & Distribution Apprentices	807	886	993
Total External Apprentices7	–	–	42
Total Co-op Students, Interns & High School Interns	–	112	127

1Employee lateral position changes within the organization are counted as opportunities

2As a percentage of total employees

3As a percent of total Opportunities/Promotions

4As a percent of total Turnover

5As a percent of total female employees

6As a percent of total minority employees

7AEP helps train apprentices from outside organizations that do not have internal training programs. These apprentices are Distribution line worker apprentices.

Safety & Health	2020	2021	2022

Public Metrics
Public Fatalities due to Electrical Contacts	2	5	2
Employee Metrics
Employee DART Rate	0.310	0.430	0.424
Employee DART Incidents	–	75	76
Total Employee Recordable Incident Rate (TRIR)	0.576	0.648	0.719
Employee Lost Time Incident Rate (LTIR)	0.245	0.333	0.312
Employee Injury Severity Rate	15.284	19.113	16.132
Total Employee OSHA Recordable Events	106	113	129
Employee Fatalities	0	0	1
Contractor Metrics1
Contractor DART Rate	0.410	0.407	0.438
Contractor DART Incidents	–	61	74
Total Contractor Recordable Incident Rate (TRIR)	0.927	1.026	0.941
Contractor Lost Time Incident Rate (LTIR)	0.246	0.213	0.296
Total Contractor OSHA Recordable Events	147	154	159
Contractor Fatalities	3	0	1
Employee & Contractor Metrics1
Employee & Contractor DART Rate	0.356	0.419	0.430
Combined Employee & Contractor DART Events	122	136	150

1AEP Contractors includes Forestry

Community Impact	2020	2021	2022

Charitable Giving
Total Charitable Giving	$38.5 million	$35.1 million	$41.12 million
Percent of Charitable Giving by State
Arkansas	$821,922	$566,104	$512,688
Indiana	$3,476,058	$2,596,583	$2,693,796
Kentucky	$792,337	$507,482	$467,104
Louisiana	$649,722	$806,143	$1,609,359
Michigan	$903,300	$630,273	$938,326
Ohio	$20,489,327	$20,852,676	$25,873,681
Oklahoma	$3,928,988	$1,178,477	$1,715,244
Tennessee	$55,543	$143,774	$172,794
Texas	$3,376,537	$3,949,565	$2,524,650
Virginia	$1,343,901	$1,329,610	$1,379,206
West Virginia	$2,102,905	$1,386,292	$1,503,902
Other	$587,717	$1,162,361	$1,732,191
Percent of Charitable Giving by area of Focus
Education	31.7%	30.3%	26.9%
Community	13.7%	12.0%	17.1%
Hunger & Housing	14.3%	14.4%	11.9%
Safety & Health	11.1%	13.9%	7.3%
Arts & Culture	7.1%	8.1%	6.9%
Disaster Relief	0.3%	3.7%	5.5%
Diversity Equity & Inclusion	–	0.2%	6.3%
Other	21.9%	17.3%	18.4%

Supplier Diversity	2020	2021	2022

Total Supplier Spend	$6.5 billion	$6.7 billion	$8.5 billion
Managed Spend (Procurement Spend)	–	$5.78 billion	$7.37 billion
Diverse Supplier Spend	$653 million	$705 million	$887 million
Diverse Supplier Spend Percent1	10%	12%	12%
Local Based Supplier Spend2	$3.4 billion	$3.4 billion	$4.1 billion
Local Based Supplier Spend Percent3	53%	51%	48%
Small Business Supplier Spend	$993 million	$964 million	$1.3 billion
Small Business Spend Percent3	15%	14%	15%

1As a percent of total managed spend

2The term “locally” is used to describe businesses registered in the traditional 11 states in which AEP operates

3As a percent of total spend

Governance

Governance Overview	2021	2022	2023*

Director Gender
Men	8	8	6
Woman	4	4	6
Director Age
50s	3	2	3
60s	7	8	8
70s	2	2	1
Board Average Age	~64	~63	63.25
Director Tenure
0-5 years	3	5	8
6-10 years	6	5	1
11-16 years	3	2	3
Average Years of Tenure	8	6.5	5.8
Director Ethnic Diversity
White	9	9	8
Hispanic	2	2	2
African American or Black	1	1	2
Board Highlights
Board Meetings Held	7	6	8
Average Board Attendance	100%	97%	97%
Total Number on the Board of Directors	12	12	12
Number of Independent Directors	11	11	11
Separate CEO & Board Chair	no	no	no
Independent Lead Director	yes	yes	yes

*Data as of November 2023

Environmental, Social & Governance Data