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AEP Reports Solid Third-Quarter 2021 Earnings; Narrows 2021 Guidance Range to Upper Half, Raising Midpoint

  • 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
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AEP to Sell Kentucky Operations to Liberty, Subsidiary of Algonquin Power and Utilities

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.

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AEP Increases Quarterly Dividend to 78 Cents a Share

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.

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Not Just a Museum

With the help of AEP and other corporations, the National Veterans Memorial and Museum in Columbus, Ohio shares powerful stories of the men and women who have served our country.

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Media Contacts

Questions about AEP? Please email us at mediarelations@aep.com.

To reach individual media relations staff, contact:

Tammy Ridout
Director – External Communications
614-716-2347

Scott Blake
Manager - Media Relations
614-716-1938

Sarah Devine
Communications Representative
614-716-2011