AEP Tops Utilities Industry on Forbes America's Best Employers for Women List

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American Electric Power (Nasdaq: AEP) has been ranked first in the utility industry on Forbes magazine's America's Best Employers for Women 2024 list. This marks the fifth consecutive year AEP has been included in this prestigious ranking. The recognition highlights AEP's commitment to creating an inclusive work environment that supports women and ensures their professional growth.

The list was compiled by Forbes in partnership with Statista, based on an independent survey of over 150,000 women working for companies with at least 1,000 employees in the United States. Participants rated their employers on various criteria, including working conditions, diversity, salary, and likelihood of recommendation. The survey also focused on parental leave, family support, discrimination, and pay equity. AEP's top ranking reflects its dedication to fostering a diverse workforce and promoting gender equality in the workplace.

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COLUMBUS, Ohio, July 31, 2024 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) was named first in the utility industry on Forbes magazine's America's Best Employers for Women 2024 list. This is the fifth year in a row AEP was named to the list.

"AEP is committed to creating an inclusive work environment that supports women and ensures our colleagues can excel," said Phil Ulrich, executive vice president and chief human resources officer. "It's an honor to receive this award for the fifth consecutive year. This recognition is only possible because of the commitment of my AEP colleagues to create a culture that works for everyone and helps attract and retain a diverse workforce representative of the communities we serve."

Forbes partnered with Statista to compile the list based on an independent survey from a sample of more than 150,000 women in the United States working for companies that employ at least 1,000 people. The participants were asked to rate their employer based on criteria such as working conditions, diversity, salary and wage, and the likelihood of recommending their employer to others. Female respondents were also asked to rate their employers regarding parental leave, family support, discrimination and pay equity. Respondents were given the opportunity to recommend other employers based on their diversity efforts, as well as rank their own employer based on the share of women in executive roles. The 600 companies that received the highest total score were placed on the list.

About AEP

At American Electric Power, based in Columbus, Ohio, we understand that our customers and communities depend on safe, reliable and affordable power. Our nearly 16,000 employees operate and maintain more than 40,000 miles of transmission lines, the nation's largest electric transmission system, and more than 225,000 miles of distribution lines to deliver power to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with nearly 29,000 megawatts of diverse generating capacity, including approximately 6,000 megawatts of renewable energy. AEP is investing $43 billion over the next five years to make the electric grid cleaner and more reliable. We are 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. AEP is recognized consistently for its focus on sustainability, community engagement 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

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SOURCE American Electric Power

FAQ

What ranking did AEP receive on Forbes' America's Best Employers for Women 2024 list?

AEP was ranked first in the utility industry on Forbes' America's Best Employers for Women 2024 list.

How many consecutive years has AEP been included in Forbes' Best Employers for Women list?

AEP has been included in Forbes' Best Employers for Women list for five consecutive years.

What criteria were used to evaluate companies for Forbes' Best Employers for Women 2024 list?

Companies were evaluated based on working conditions, diversity, salary, likelihood of recommendation, parental leave, family support, discrimination, pay equity, and the share of women in executive roles.

How many women participated in the survey for Forbes' Best Employers for Women 2024 list?

Over 150,000 women working for companies with at least 1,000 employees in the United States participated in the survey.

What is AEP's stock symbol?

AEP's stock symbol is Nasdaq: AEP.