N EWS R ELEASES

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.

• 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%

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Feb. 20. 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.

American Electric Power will continue focusing capital investments in its regulated operations and contracted renewables as the company builds a cleaner, smarter and more reliable energy system to benefit both customers and shareholders. The company reaffirmed its 2020 operating earnings (earnings excluding special items) guidance range of $4.25 to $4.45 per share, and its projected annual operating earnings growth rate of 5% to 7%. AEP management will discuss the company’s financial outlook and earnings growth strategy at the annual Edison Electric Institute Financial Conference that begins Nov. 10 in Orlando, Fla.

American Electric Power has scheduled a live audio webcast of remarks by AEP Chairman, President and Chief Executive Officer Nicholas K. Akins Nov. 12 at the 54th annual Edison Electric Institute Financial Conference in Orlando, Fla.

• Third-quarter 2019 GAAP earnings of $1.49 per share; third-quarter 2019 operating earnings of $1.46 per share
• Investments to benefit customers, plus weather, support strong earnings performance
• AEP raises and narrows full-year operating earnings (non-GAAP) guidance range to $4.14 to $4.24 per share

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, an increase of 3 cents per share. AEP has increased the dividend an average of 6.3% over the past two years, in line with its 5% to 7% earnings growth range.

American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Oct. 24. The call will be broadcast live over the internet at http://www.aep.com/webcasts.

• Second-quarter 2019 GAAP earnings of $0.93 per share
• Second-quarter 2019 operating earnings of $1.00 per share
• Investments to benefit customers support operating earnings performance