N EWS R ELEASES

American Electric Power announced today that it has successfully remarketed its 1.30% Junior Subordinated Debentures due 2025 (the “Original Debentures”), which were originally issued Aug. 14, 2020, as a component of AEP’s Equity Units.

American Electric Power issued the 2023 Corporate Sustainability Report, an annual assessment of its performance as a public company and community partner. This report marks AEP’s 17th year of environmental, social and governance (ESG) disclosure, demonstrating its commitment to reporting the company’s progress toward a sustainable energy future.

• First-quarter 2023 GAAP earnings of $0.77 per share; operating earnings of $1.11 per share
• 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
• AEP launches sale process for retail and distributed resources businesses, announces strategic review of certain non-core transmission joint ventures, remains on track to close on unregulated renewable asset sale

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, May 4. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

American Electric Power was included in Forbes Best Employers for Diversity list.

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 83 cents a share on the company’s common stock.

• Parties have agreed to terminate the transaction under which AEP would sell its Kentucky operations to Liberty
• AEP is committed to providing reliable service to Kentucky customers and ensuring the financial health of the utility as part of the state’s economic and energy future; Wiseman named Kentucky Power president and chief operating officer
• AEP’s 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7%; equity financing forecast remains unchanged

American Electric Power has made organizational and executive leadership changes to support the company’s strategic priorities, according to Julie Sloat, president and chief executive officer. The changes are effective today.

American Electric Power has received the 2023 Gallup Exceptional Workplace Award, which recognizes organizations that incorporate employee engagement into core business values. This is the fourth consecutive year AEP has been honored with the award.

American Electric Power has named Kate Sturgess senior vice president, controller and chief accounting officer effective May 9.