N EWS R ELEASES

American Electric Power  has received approvals to enable the company to acquire the entire planned 1,485 megawatts (MW) of wind generation in Oklahoma. AEP will invest approximately $2 billion in this new renewable energy to serve its Southwestern Electric Power Company (SWEPCO) and Public Service Company of Oklahoma (PSO) customers.

American Electric Power issued its 2020 Corporate Accountability Report, an annual assessment of its performance as a public company and a community partner. This is the 14th year of AEP’s report, which details developments in energy and technology, social responsibility, community investments and environmental stewardship.

• First-quarter 2020 earnings $1.00 per share GAAP and $1.02 per share operating
• Company reaffirms 2020 operating earnings (non-GAAP) guidance range of $4.25 to $4.45 per share and 5% to 7% long-term operating earnings growth rate

American Electric Power has named Therace Risch, to a new position as senior vice president and chief information & technology officer effective May 11. 

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Wednesday, May 6. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

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.

Due to the COVID-19 pandemic, American Electric Power has changed the location of its Annual Meeting of Shareholders to the AEP Transmission building at 8500 Smith's Mill Road, New Albany, OH 43054. The meeting is still scheduled for Tuesday, April 21 at 9:00 a.m. ET.

American Electric Power Chairman, President and Chief Executive Officer Nicholas K. Akins today issued the following statement of support for the actions taken by Governor Michael DeWine and his administration to help slow the spread of COVID-19.

American Electric Power has been recognized by 2020 Women on Boards as a Winning “W” Company for the third consecutive year. The recognition is given to Russell 3000 companies whose boards have 20% or more seats held by women. AEP’s 14-member board includes four women, or 28%.

• 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%