N EWS R ELEASES

• First-quarter 2021 earnings of $1.16 per share GAAP and $1.15 per share operating
• Company reaffirms 2021 operating earnings (non-GAAP) guidance range of $4.55 to $4.75 per share and 5% to 7% long-term growth rate
• AEP announces plans to add nearly 16,600 megawatts of new renewables by 2030

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 scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, April 22. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

• Year-end 2020 GAAP and operating earnings of $4.44 per share
• Fourth-quarter 2020 earnings of $0.88 per share GAAP and $0.87 per share operating
• Company raises 2021 operating earnings (non-GAAP) guidance range to $4.55 to $4.75 per share; maintains 5% to 7% long-term growth rate based on new guidance
• AEP accelerates carbon dioxide emissions reduction goals to reach net zero by 2050

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Feb. 25. 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 74 cents a share on the company’s common stock.

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.

• Third-quarter 2020 GAAP earnings of $1.51 per share; third-quarter 2020 operating earnings of $1.47 per share
• Company reaffirms 2020 operating earnings (non-GAAP) guidance range of $4.25 to $4.45 per share and 5% to 7% long-term growth rate

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, an increase of 4 cents per share. The increase is in line with the company’s 5% to 7% operating earnings growth range.

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Oct. 22. The call will be broadcast live over the internet at http://www.aep.com/webcasts.