N EWS R ELEASES

AEP Texas Inc., a public utility subsidiary of American Electric Power, announced that on July 1, 2022, it will redeem the entire outstanding $400 million principal amount of its 2.40% Senior Notes, Series C, due 2022. The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption, plus the required make-whole premium.

• 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.

• Year-end 2021 GAAP earnings of $4.97 per share; operating earnings of $4.74 per share
• 2022 operating earnings (non-GAAP) guidance range increased to $4.87 to $5.07 per share
• Long-term growth rate raised to 6-7%, FFO-to-debt target increased to 14-15%
• AEP initiating sale process for portion of unregulated business to de-risk and simplify portfolio; shifting $1.5 billion in capital to transmission to support system reliability

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Feb. 24. 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 78 cents a share on the company’s common stock.

American Electric Power announced today that it has successfully remarketed its 3.40% Junior Subordinated Debentures due 2024 (the “Original Debentures”), which were originally issued March 19, 2019, as a component of AEP’s Equity Units.

American Electric Power plans to invest in its regulated businesses and renewable generation as it continues to transform and build a cleaner, more modern energy system. The company announced its 2022 operating earnings (earnings excluding special items) guidance range of $4.85 to $5.05 per share, reflecting its projected annual operating earnings growth rate of 5% to 7%. AEP has met or exceeded its earnings per share guidance every year for more than a decade. AEP management will discuss the company’s strategy and financial growth plans during the annual Edison Electric Institute Financial Conference, Nov. 7-9.

Southwestern Electric Power Company, a public utility subsidiary of American Electric Power, announced that on Dec. 3, 2021, it will redeem the entire outstanding $275 million principal amount of its 3.55 percent Senior Notes, Series I, due 2022. The notes will be redeemed at 100 percent of the principal amount