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June 01, 2022

AEP Subsidiary AEP Texas Inc. to Redeem Senior Notes

COLUMBUS, Ohio, June 1, 2022 – AEP Texas Inc., a public utility subsidiary of American Electric Power (Nasdaq: AEP), announced that on July 1, 2022, it will redeem the entire outstanding $400 million principal amount of its 2.40% Senior Notes, Series C, due 2022. The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption, plus the required make-whole premium.

Notice of the redemption was mailed on June 1, 2022. This redemption is in accordance with the terms of the indenture under which the notes were issued.

The Bank of New York Mellon Trust Company, N.A. is the redemption agent and trustee.

Other News Releases

February 26, 2024

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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February 21, 2024

AEP Schedules Live Webcast of Quarterly Earnings Call

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, Feb. 27. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

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