AMERICAN ELECTRIC POWER SERVICE CORPORATION SEEKS BIDS FOR COAL

COLUMBUS, Ohio, April 5, 2022 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today issued a request for proposal (RFP) for the supply of coal to one or more of its generating stations in multiple coal regions. AEP seeks proposals for the following regions and terms:

All coal proposal packages should include the provided coal proposal form included in the RFP. This information must be received no later than 5 p.m. ET, Friday, April 22, 2022. Proposals are to be kept open until 5 p.m. ET, Friday, May 27, 2022. All information must be emailed to [email protected]. Complete details about the RFP are available at www.aep.com/go/coaloffers.

American Electric Power, based in Columbus, Ohio, is powering a cleaner, brighter energy future for its customers and communities. AEP's approximately 16,700 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 7,100 megawatts of renewable energy. The company's plans include growing its renewable generation portfolio to approximately 50% of total capacity by 2030. AEP is on track to reach an 80% reduction in carbon dioxide emissions from 2000 levels by 2030 and has committed to achieving net zero by 2050. 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

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