N EWS R ELEASES

• Year-end 2019 earnings of $3.89 per share GAAP
• Full-year operating earnings of $4.24 per share, at upper end of increased guidance range
• Fourth-quarter 2019 earnings of $0.31 per share GAAP and $0.60 per share operating
• Company reaffirms 2020 operating earnings guidance range of $4.25 to $4.45 per share and long-term operating earnings growth rate of 5% to 7%

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Feb. 20. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

American Electric Power has been named one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation. AEP earned a perfect score on the foundation’s 2020 Corporate Equality Index, an annual measure of how equitably large businesses in the United States treat their lesbian, gay, bisexual, transgender and queer employees, consumers and investors.

Project will increase AEP’s contracted renewables portfolio to 1,430 megawatts

American Electric Power’s AEP Renewables subsidiary has signed a long-term power purchase agreement with Evergy Inc. for the output of the new Flat Ridge 3 wind project.

American Electric Power has been named to Fortune magazine’s World’s Most Admired Companies list in the electric and gas utilities sector for the seventh year in a row. A total of 680 companies from 30 countries were surveyed for inclusion on this year’s list, which evaluates companies’ financial performance and corporate reputation.

American Electric Power is among 325 companies included in the 2020 Bloomberg Gender-Equality Index (GEI), which recognizes companies that are trailblazers in their commitment to gender reporting and advancing women’s equality. This is the second consecutive year AEP has been included in the index.

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.

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.