N EWS R ELEASES

Projects will serve customers in Arkansas, Louisiana and Oklahoma, saving them approximately $3 billion over 30 years

While the Public Utility Commission of Texas today denied approval of Southwestern Electric Power Co.’s (SWEPCO) plan to add 309 megawatts (MW) of wind energy to serve Texas customers, American Electric Power has received the other regulatory approvals needed to acquire the entire planned 1,485 MW of North Central wind generation. AEP is investing approximately $2 billion to bring new renewable energy to Public Service Company of Oklahoma (PSO) customers and SWEPCO customers in Arkansas and Louisiana.

Project will provide renewable energy to help serve Google data center in New Albany, Ohio

American Electric Power’s AEP Energy subsidiary has signed a long-term power purchase agreement with an affiliate of Copenhagen Infrastructure Partners (CIP) for the output of 400 megawatt (MW) of renewable energy from Panther Grove Wind Energy Facility in Woodford County, Illinois.  

Cardinal Operating Company (COC) on behalf of AEP Generation Resources Inc. (AEPGR), an unregulated wholly owned subsidiary of AEP Energy Supply, LLC, is seeking bids for the supply of coal to Cardinal Power Plant Units 1, 2, and 3. 

American Electric Power has named Michael Deggendorf vice president of Transmission Asset Strategy and Policy. Deggendorf succeeds Daniel Rogier, who is retiring later this year after four decades with the company. Deggendorf began his new role April 20, 2020.

American Electric Power  has received approvals to enable the company to acquire the entire planned 1,485 megawatts (MW) of wind generation in Oklahoma. AEP will invest approximately $2 billion in this new renewable energy to serve its Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) customers.

American Electric Power issued its 2020 Corporate Accountability Report, an annual assessment of its performance as a public company and a community partner. This is the 14th year of AEP’s report, which details developments in energy and technology, social responsibility, community investments and environmental stewardship.

• First-quarter 2020 earnings $1.00 per share GAAP and $1.02 per share operating
• Company reaffirms 2020 operating earnings (non-GAAP) guidance range of $4.25 to $4.45 per share and 5% to 7% long-term operating earnings growth rate

American Electric Power has named Therace Risch, to a new position as senior vice president and chief information & technology officer effective May 11. 

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Wednesday, May 6. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

The Board of Directors of American Electric Power Co.  today declared a regular quarterly cash dividend of 70 cents a share on the company’s common stock.