N EWS R ELEASES

Public Service Company of Oklahoma (PSO), a subsidiary of American Electric Power, today submitted Requests for Proposals (RFP) for renewable energy resources to supply the needs of its customers. 

American Electric Power plans to invest in its regulated businesses and renewable generation as it continues to transform and build a cleaner, more modern energy system. The company announced its 2022 operating earnings (earnings excluding special items) guidance range of $4.85 to $5.05 per share, reflecting its projected annual operating earnings growth rate of 5% to 7%. AEP has met or exceeded its earnings per share guidance every year for more than a decade. AEP management will discuss the company’s strategy and financial growth plans during the annual Edison Electric Institute Financial Conference, Nov. 7-9.

Southwestern Electric Power Company, a public utility subsidiary of American Electric Power, announced that on Dec. 3, 2021, it will redeem the entire outstanding $275 million principal amount of its 3.55 percent Senior Notes, Series I, due 2022. The notes will be redeemed at 100 percent of the principal amount 

• Third-quarter 2021 GAAP earnings of $1.59 per share and $1.43 per share operating
• Company narrows 2021 operating earnings (non-GAAP) guidance range to $4.65 to $4.75 per share, raising midpoint to $4.70
• AEP reaffirms 5% to 7% long-term growth rate

American Electric Power has entered into an agreement to sell its Kentucky operations, which include Kentucky Power and AEP Kentucky Transco, to Liberty, the regulated utility business of parent company Algonquin Power & Utilities Corp., for $2.846 billion enterprise value. The sale is expected to close in the second quarter of 2022, pending regulatory approvals.

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Oct. 28. The call will be broadcast live over the internet at aep.com/webcasts.

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 78 cents a share on the company’s common stock, an increase of 4 cents per share. The increase is in line with the company’s 5% to 7% operating earnings growth range.

AEP OnSite Partners, a leading developer and operator of sustainable energy solutions and subsidiary of American Electric Power, and the city of Barron, Wisconsin have partnered on a solar project to help serve the city’s energy needs. 

AEP Energy Partners (AEPEP), an American Electric Power company, seeks proposals for off-take from new solar, off-take from new/repowered wind facilities and build-own-transfer of stand-alone Battery Energy Storage System (BESS) located in the PJM service region to support the company’s growing retail and wholesale load.

American Electric Power today issued a request for proposal (RFP) for the supply of coal to one or more of its generating stations in multiple coal regions.