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.

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%

American Electric Power Company, Inc. announced that on Aug. 30, 2023, it will redeem the entire outstanding $600 million principal amount of its Floating Rate Notes, Series A, due 2023 (CUSIP NO. 025537 AS0). The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption.

• Second-quarter 2023 GAAP earnings of $1.01 per share; operating earnings of $1.13 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%
• Sale process announced for two non-core transmission joint ventures; unregulated renewables sale expected to close in August; sale of retail and distributed resources businesses on track

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.

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.

• 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.