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AEP Reports 2023 Earnings Results

  • Year-end 2023 GAAP earnings of $4.26 per share; operating earnings of $5.25 per share
  • 2024 operating earnings (non-GAAP) guidance range reaffirmed at $5.53 to $5.73 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
  • Company advances strategic initiatives including de-risking the business, controlling costs and investing in a modern and reliable grid to benefit customers
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AEP Announces CEO Transition

  • AEP Board Member and Former Chairman and CEO of Xcel Energy, Benjamin G.S. Fowke III, Appointed Interim CEO & President
  • AEP Lead Director Sara Martinez Tucker Named Chair of the Board

American Electric Power today announced that Benjamin G.S. Fowke III, a member of the company’s Board of Directors and the former chairman and CEO of Xcel Energy, Inc., has been appointed interim chief executive officer and president, effective immediately.

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AEP Completes Sale of New Mexico Solar Assets

American Electric Power has completed the sale of its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP nets approximately $104 million in cash after tax, transaction fees and other customary adjustments.

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Celebrating Our Engineers

Engineers' expertise and creativity enable us to provide our customers with safer, more reliable power, making way for a brighter energy future.

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Media Contacts

Questions about AEP? Please email us at mediarelations@aep.com.

To reach individual media relations staff, contact:

Tammy Ridout
Managing Director – External Communications
614-716-2347

Scott Blake
Director – Media Relations & Policy Communications
614-716-1938

Sarah Devine
Principal Communications Consultant
614-716-2011

Alexis Bartolomucci
Senior Communications Consultant
614-716-2942