N EWS R ELEASES

• Third-quarter 2024 GAAP earnings of $1.80 per share; operating earnings of $1.85 per share
• Narrows 2024 operating earnings (non-GAAP) guidance to $5.58 to $5.68 per share, maintaining $5.63 midpoint
• Announces new long-term growth rate of 6% to 8% based off of 2025 operating earnings guidance of $5.75 to $5.95 per share 
• Expands five-year capital plan to $54 billion to support reliability and demand growth

American Electric Power has named Matthew Fransen senior vice president, Finance and Treasurer, effective Dec. 1. He will succeed Julie Sherwood, who is retiring after 20 years with the company. Fransen will report to Chuck Zebula, executive vice president and chief financial officer.

 The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 93 cents a share on the company’s common stock, an increase of 5 cents per share.

Marc Reitter, AEP Ohio president and chief operating officer, releases a statement regarding the Unsupported Data Center Stipulation.

American Electric Power has completed the sale of its distributed resources business, OnSite Partners, to funds advised by Basalt Infrastructure Partners LLC. 

• Second-quarter 2024 GAAP earnings of $0.64 per share; operating earnings of $1.25 per share
• Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7%
• Strong data processing load in the commercial customer class positions AEP for further growth, supported by industry-leading transmission system

The Board of Directors of American Electric Power Co. has declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock.

American Electric Power announced today it will retain its retail energy business, AEP Energy. The company is reaffirming its 2024 operating earnings guidance of $5.53 to $5.73 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%.

American Electric Power has entered into an agreement to sell its distributed resources business, AEP OnSite Partners (“OnSite”), to funds advised by Basalt Infrastructure Partners LLC. AEP expects to net approximately $315 million in cash after taxes and transaction fees, subject to customary closing adjustments. The sale is expected to close in the third quarter of 2024, pending regulatory approvals.

• First-quarter 2024 GAAP earnings of $1.91 per share; operating earnings of $1.27 per share
• Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7%
• Economic development focus helps drive 10.5% commercial load growth year over year in the first quarter