N EWS R ELEASES

• Company signs agreement to acquire Sempra Renewables business
• Acquisition advances part of planned $2.2 billion investment by 2023 in contracted renewables

• Fourth-quarter 2018 earnings of $0.74 per share GAAP and $0.72 per share operating
• Year-end 2018 earnings of $3.90 per share GAAP and $3.95 per share operating
• Company reaffirms 2019 operating earnings guidance range of $4.00 to $4.20 per share
• Company reaffirms 5 to 7 percent operating earnings growth rate

American Electric Power (NYSE: AEP) has been named to Fortune magazine’s World’s Most Admired Companies list in the electric and gas utilities sector for the sixth year in a row. The survey measures nine attributes related to financial performance and corporate reputation.

The Board of Directors of American Electric Power today declared a regular quarterly cash dividend of 67 cents a share on the company's common stock.

American Electric Power (NYSE:  AEP ) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. EST Thursday, Jan. 24. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

American Electric Power is among 230 companies included in the 2019 Bloomberg Gender-Equality Index (GEI), which recognizes companies who are trailblazers in their commitment to gender reporting and advancing women’s equality.

American Electric Power has been named to Forbes magazine’s America’s Best Employers for Diversity 2019 list.

American Electric Power today announced leadership changes to expand the experiences of key operational executives. The changes are effective Jan. 1, 2019.

American Electric Power Board of Directors members Linda A. Goodspeed, Sandra Beach Lin and Sara Martinez Tucker will be featured in the Winter 2018 issue of Women Inc. magazine.

AEP is increasing capital investment in its regulated operations over the next five years to provide more advanced, resilient and cleaner energy solutions for its customers. The company reaffirmed its 2019 operating earnings (earnings excluding special items) guidance range of $4.00 to $4.20 per share, and its projected annual operating earnings growth rate of 5 to 7 percent. AEP management will discuss the company's financial outlook and earnings growth strategy at the annual Edison Electric Institute Financial Conference that begins Nov. 11 in San Francisco.