N EWS R ELEASES

• 2024 operating earnings guidance range of $5.53 to $5.73 per share announced
• Five-year, $43 billion capital plan emphasizes investments in wires and renewables to support needs of customers
• Economic development strategy bolsters strong load projections over the next three years

• Third-quarter 2023 GAAP earnings of $1.83 per share; operating earnings of $1.77 per share
• 2023 operating earnings (non-GAAP) guidance range narrowed to $5.24 to $5.34 per share, midpoint maintained at $5.29
• Long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15% reaffirmed

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Nov. 2. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

American Electric Power was selected as the best and highest-rated internship in the energy and renewables industry in Vault’s 2024 Internship Rankings.

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock, an increase of 5 cents per share. The increase is in line with the company’s 6% to 7% operating earnings growth range.

American Electric Power has been selected for a $27.8 million federal grant under the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships (GRIP) program to help improve service and build a more modern, responsive electric grid for customers across its footprint.

Company reaffirms 2023 operating earnings guidance range of $5.19 to $5.39 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%

Kentucky Power, an American Electric Power company, issued today three Requests for Proposals (RFPs) to secure additional resources to satisfy the needs of its customers. 

The Board of Directors of American Electric Power has elected Julie Sloat chair of the Board, effective Oct. 2. Sloat is AEP’s president and chief executive officer. In addition, Daniel G. "Dan" Stoddard, retired senior vice president, chief nuclear officer and president of Contracted Assets for Dominion Energy, has been elected to the Board.

American Electric Power has completed the sale of its 1,365-megawatt (MW) unregulated, contracted renewables portfolio to IRG Acquisition Holdings, a partnership owned by Invenergy, CDPQ and funds managed by Blackstone Infrastructure, at an enterprise value of $1.5 billion including project debt. AEP nets approximately $1.2 billion in cash after taxes, transaction fees and other customary adjustments.