In accordance with an Order issued on March 31, 2016 by the Public Utilities Commission of Ohio (PUCO, Commission) in Case No. 14-1693-EL-RDR, a Joint Stipulation and Recommendation (“Stipulation”)was approved with certain conditions and requirements as set forth in the Order. AEP Ohio, as part of the Stipulation is committed to propose new renewable projects in the state totaling 500 MW from wind energy resources and 400 MW from solar energy resources. AEP affiliates will have the right to initially own up to 50% of such projects. Renewable energy projects proposed are and will be subject to separate application by AEP Ohio to and approval by the Commission.