N EWS R ELEASES

American Electric Power has issued its 2022 Corporate Sustainability Report, an annual assessment of its performance as a public company and a community partner. This report marks AEP’s 16th year of environmental, social and governance (ESG) disclosure, demonstrating its commitment to reporting the company’s progress toward a sustainable energy future. The report’s theme, “The Future is Electric”, reflects AEP’s important role in decarbonizing and electrifying the nation’s economy in a just and equitable way.

Shane Lies has been named senior vice president and chief nuclear officer of American Electric Power’s Donald C. Cook Nuclear Plant (Cook) in Bridgman, Michigan, effective July 1, 2022. Lies is currently site vice president at Cook, a dual-unit nuclear site with a total generating capacity of 2,278 megawatts. Lies is replacing Joel Gebbie, who is retiring after 36 years with AEP. Kelly Ferneau, Cook plant manager, will be promoted to site vice president to replace Lies.

• First-quarter 2022 GAAP earnings of $1.41 per share and $1.22 per share operating
• Company reaffirms 2022 operating earnings (non-GAAP) guidance range of $4.87 to $5.07 and 6% to 7% long-term growth rate
• AEP moves forward on strategic initiatives including regulated renewable development, preparation for Kentucky sale completion and unregulated renewable divestitures

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.

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, April 28. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

American Electric Power today issued a request for proposal (RFP) for the supply of coal to one or more of its generating stations in multiple coal regions. 

AEP Energy Partners (AEPEP), a wholly owned subsidiary of American Electric Power company, seeks proposals for off-take from new and existing solar and wind facilities located in the PJM service region to support the company’s growing retail and wholesale loads in Ohio including the recently passed Columbus, Ohio Electric Service Aggregation Program.

American Electric Power has received the 2022 Gallup Exceptional Workplace Award, which recognizes organizations that incorporate employee engagement into core business values. This is the third consecutive year AEP has been honored with the award. 

American Electric Power has promoted Sandy Nessing to vice president and chief sustainability officer, effective April 1. 

American Electric Power’s 998-megawatt (MW) Traverse Wind Energy Center, the largest single wind farm built at one time in North America and one of the largest wind facilities worldwide, is now operational.