N EWS R ELEASES

Public Service Company of Oklahoma (PSO) has reached a settlement agreement with the Public Utility Division Staff of the Oklahoma Corporation Commission (OCC), Oklahoma Attorney General's Office, customer groups and other parties on the Company's proposal to add 675 megawatts (MW) of wind energy to serve customers.

AEP Energy Partners (AEPEP), a subsidiary of American Electric Power Company (NYSE: AEP), is seeking proposals for off-take from new solar and new or repowered wind facilities located in PJM.

American Electric Power will continue focusing capital investments in its regulated operations and contracted renewables as the company builds a cleaner, smarter and more reliable energy system to benefit both customers and shareholders. The company reaffirmed its 2020 operating earnings (earnings excluding special items) guidance range of $4.25 to $4.45 per share, and its projected annual operating earnings growth rate of 5% to 7%. AEP management will discuss the company’s financial outlook and earnings growth strategy at the annual Edison Electric Institute Financial Conference that begins Nov. 10 in Orlando, Fla.

American Electric Power has scheduled a live audio webcast of remarks by AEP Chairman, President and Chief Executive Officer Nicholas K. Akins Nov. 12 at the 54th annual Edison Electric Institute Financial Conference in Orlando, Fla.

American Electric Power has named Stephen L. Swick vice president and chief security officer, effective Jan. 10. Swick will succeed Stanley E. Partlow, who is transitioning to a short-term position as vice president, Security. Partlow plans to retire from AEP in mid-2020 after more than 14 years with the company.

• Third-quarter 2019 GAAP earnings of $1.49 per share; third-quarter 2019 operating earnings of $1.46 per share
• Investments to benefit customers, plus weather, support strong earnings performance
• AEP raises and narrows full-year operating earnings (non-GAAP) guidance range to $4.14 to $4.24 per share

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 70 cents a share on the company’s common stock, an increase of 3 cents per share. AEP has increased the dividend an average of 6.3% over the past two years, in line with its 5% to 7% earnings growth range.

Grid Assurance has awarded contracts to purchase high-voltage transformers, circuit breakers and other critical equipment to enable subscribing utility companies to better respond to natural or man-made events impacting the energy transmission system. The equipment will be accessible by the end of 2019.

American Electric Power has named Julius Cox senior vice president and chief human resources officer effective Oct. 21. Cox will succeed Tracy A. Elich, vice president, Human Resources, who is retiring Dec. 31 after more than 43 years with the company.

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Oct. 24. The call will be broadcast live over the internet at http://www.aep.com/webcasts.