N EWS R ELEASES

The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 74 cents a share on the company’s common stock.

American Electric Power has issued its Corporate Accountability Report Year-End Update, which highlights significant developments in the company’s environmental, social and corporate governance (ESG) efforts since releasing its 2020 Corporate Accountability Report in May.

American Electric Power today announced leadership changes in the company’s Finance and Corporate Communications organizations, effective Jan. 1. 2021.

Daryl Roberts, senior vice president, chief operations and engineering officer, DuPont de Nemours Inc., has been elected to the American Electric Power (Nasdaq: AEP) Board of Directors.

American Electric Power has been named one of America’s Most Responsible Companies 2021 by Newsweek. AEP was one of 400 companies in 14 industries included on the list, which highlights companies that are leaders in environmental, social and corporate governance (ESG) policies.

American Electric Power has named Janelle N. Coleman to a new position as vice president, Corporate Philanthropy and Community Engagement, effective Nov. 30. She also will serve as president of the American Electric Power Foundation, effective Jan. 1, 2021, replacing Dale Heydlauff, senior vice president of Corporate Communications and current president of the AEP Foundation, following his retirement Dec. 31.

American Electric Power has added three new leaders to its information technology group. The company named Joe Brenner vice president of Application Development & Business Solutions, effective Nov. 2. Sanjay Terakanambi has been named vice president of Technology Infrastructure, Operations & Support and Christopher D. Johnson has been named managing director of Enterprise Innovation & Technology, effective Nov. 9. All three positions report to Therace Risch, senior vice president and chief information & technology officer.

American Electric Powerwill continue its progress toward a clean energy future by investing in its regulated businesses and renewable generation. The company’s 2021 operating earnings (earnings excluding special items) guidance range of $4.51 to $4.71 per share reflects its projected annual operating earnings growth rate of 5% to 7%. AEP management will discuss the company’s strategy and financial growth plans during the annual Edison Electric Institute Financial Conference Nov. 9-10, which will be held virtually this year.

American Electric Power’s compliance plans for two recently revised environmental regulations will remove 1,633 megawatts (MW) of coal-fueled generation from its fleet by the end of 2028.

I&M is seeking proposals for approximately 450 megawatts (MW) of additional generation from solar and wind resources, potentially combined with battery storage technology resources, as the company continues to diversify its generation fleet with more renewable energy.