The New Albany Company Commits to a Long-Term Renewable Energy Solution

Program will assist to attract future and forward-looking businesses and residents.

Columbus, Ohio, August XX, 2021: A nationally recognized master planned community surrounded by meadows, woodlands and waterways with a business climate that promotes an entrepreneurial spirit driving commerce in a 5,000-acre Business Park, the New Albany Company will source all electricity used for its operations from renewable generation.

The New Albany Company has signed a 12-year, 100% renewable energy supply agreement with Ohio-based AEP Energy, a subsidiary of American Electric Power. AEP Energy will supply the company with clean energy through its Integrated Renewable Energy (IRE) solution, a long-term, fixed price retail energy option that supports new, locally sourced wind and solar. The agreement will reduce approximately 3,010 metric tons of carbon from the atmosphere each year. This is equivalent to the carbon sequestered over 163,216,128 acres of U.S. forests over the 12-year term.

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“Implementing a renewable energy program with our long-time partner, AEP Energy, demonstrates our commitment to a renewable and sustainable future,” said Brent Bradbury, CFO of the New Albany Company. “We thank our energy advisors, Worthington Energy Consultants, and AEP Energy for their collaboration on this innovative energy solution. This latest step on our sustainability journey sets the stage for more progress that will benefit New Albany residents and the business community

“We’re proud to partner with the New Albany Company as they work to reduce their carbon footprint.  AEP Energy’s Integrated Renewable Energy (IRE) solution will help them achieve their sustainability goals well into the future.  We look forward to working with the New Albany Company as they commit to invest in local renewable energy,” Greg Hall, Executive Vice President, AEP Energy Supply.

“We are heartened to know that our work with the New Albany Company will assist them to continue to be leaders in business attraction through a renewable and financially sound energy program,” said Craig Grant, CEO of Worthington Energy Consultants, a leader in implementing renewable energy solutions.

To learn more about the New Albany Company, please go to https://newalbanycompany.com/.

Contacts:

Lisa Hinson Sarah Devine                                  Craig Grant

The New Albany Company                                AEP                                                         Worthington Energy Consultants

Phone: 614-416-7100                                                        614-716-2011                                      614-977-2555

Email: Lisa@hinsonltd.com                                               sedevine@aep.com                            craig@wec.energy

About AEP Energy AEP Energy, a subsidiary of American Electric Power (Nasdaq: AEP), and its affiliates deliver a wide array of innovative competitive energy solutions nationwide. As a competitive retail and wholesale electricity and natural gas supplier, AEP Energy serves over 700,000 residential and business customers in 28 service territories in six states and Washington, D.C.  As one of the largest wholesale suppliers in the country, AEP Energy also specializes in offering customized wholesale power supply products based on the specific needs of our customers’ electric systems within ERCOT, MISO, PJM and SPP.  AEP Energy also sells renewable energy through long-term contracts with utilities, electric cooperatives, municipalities and corporate customers.  With a commitment to a clean energy future, AEP Energy and its affiliates currently own over 1,900 megawatts of wind, solar and energy storage on both a utility scale and distributed scale basis.  Solving energy problems for customers, AEP Energy and its affiliates own and operate over 90 behind-the-meter projects in 26 different states and has an active development pipeline across the U.S.  Based in Columbus, Ohio, Chicago, Illinois and San Diego, California, AEP Energy takes pride in making it easy for customers and partners to buy, manage and use energy. For more information, visit www.aepenergy.com