American Electric Power Company Inc (AEP)

AEP ANNOUNCES PRICING OF COMMON STOCK OFFERING WITH A FORWARD COMPONENTMay 12, 2026 10:16 PM
PR Newswire (US) COLUMBUS, Ohio, May 12, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced the pricing of a registered underwritten offering of 20,472,442 shares of its common stock at a price to the public of $127.00 per share. Subject to certain conditions, all shares are expected to be borrowed by the forward counterparties (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as lead book-running managers for this offering. Barclays, Citigroup, J.P. Morgan, Mizuho, MUFG, Scotiabank and Wells Fargo Securities are also acting as joint book-running managers and Guggenheim Securities, KeyBanc Capital Markets, RBC Capital Markets, TD Securities and Truist Securities are acting as co-managers for this offering.In connection with the offering, AEP entered into forward sale agreements with each of Bank of America, N.A, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC (the "forward counterparties") under which AEP agreed to issue and sell to the forward counterparties an aggregate of 20,472,442 shares of its common stock. In addition, the underwriters of the offering have been granted a 30-day option to purchase up to an additional 3,070,866 shares of AEP's common stock upon the same terms. If the underwriters exercise their option to purchase additional shares, AEP expects to enter into additional forward sale agreements with the forward counterparties with respect to the additional shares.Settlement of the forward sale agreements is expected to occur on or prior to May 31, 2028. AEP may, subject to certain conditions, elect cash settlement or net share settlement for all or a portion of its rights or obligations under the forward sale agreements.If AEP elects physical settlement of the forward sale agreements, it expects to use the net proceeds for general corporate purposes, which may include capital contributions to its utility subsidiaries, acquisitions and/or repayment of debt.The offering is made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. The offer may be made only by means of a prospectus and the related prospectus supplement. Copies of these documents may be obtained by contacting:BofA Securities by email at dg.prospectus_requests @shazaam-02-25, 201 North Tryon Street, Charlotte, NC  28255-0001, Attention: Prospectus Department;Goldman Sachs & Co. LLC by telephone at (866) 471-2526, by email at Prospectus-ny@ny.email.gs.com, or by mail at Attention: Prospectus Department, 200 West Street, New York, New York 10282; orMorgan Stanley & Co. LLC by mail at Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014ABOUT AEP
American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We plan to invest $78 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 18,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 32,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.This report made by the Registrants contains forward-looking statements, and for the Registrants other than Parent, this report contains forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements in this document are presented as of the date of this document. Except to the extent required by applicable law, management undertakes no obligation to update or revise any forward-looking statement. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are: changes in economic conditions, electric market demand and demographic patterns in AEP's service territory; the economic impact of increased global conflicts and trade tensions, and the adoption or expansion of economic sanctions, tariffs, trade restrictions or changes in trade policy; inflationary or deflationary interest rate trends; new legislation or regulations adopted in the states in which we operate or federal legislation or regulations adopted that alters the regulatory framework or that prevents the timely recovery of costs and investments; volatility and disruptions in financial markets precipitated by any cause, including fiscal and monetary policy or instability in the banking industry; particularly developments affecting the availability or cost of capital to finance new capital projects and refinance existing debt; the availability and cost of funds to finance working capital and capital needs, particularly (a) if expected sources of capital such as proceeds from the sale of tax credits and anticipated securitizations do not materialize or do not materialize at the level anticipated, and (b) during periods when the time lag between incurring costs and recovery is long and the costs are material; changing demand for electricity, including large load contractual commitments; the risks and uncertainties associated with wildfires, including damages caused by wildfires, the extent of each Registrant's liability in connection with wildfires, investigations and outcomes associated with legal proceedings, demands or similar actions, inability to recover wildfire costs through insurance or through rates and the impact on financial condition and the reputation of each Registrant; the impact of extreme weather conditions, natural disasters and catastrophic events such as storms, hurricanes, wildfires and drought conditions that pose significant risks including potential litigation and the inability to recover significant damages and restoration costs incurred; limitations or restrictions on the amounts and types of insurance available to cover losses that might arise in connection with natural disasters, wildfires or operations; the cost of fuel and its transportation, the creditworthiness and performance of parties who supply and transport fuel and the cost of storing and disposing of used fuel, including coal ash and SNF; the availability of fuel and necessary generation capacity and the performance of generation plants; the ability to recover fuel and other energy costs through regulated or competitive electric rates; the ability to plan for, develop, construct, acquire, or integrate a broad range of generation and energy storage resources, as well as related transmission and distribution infrastructure, including obtaining necessary regulatory approvals, permits, and incentives; complying with cost caps and other regulatory or contractual requirements; and recovering associated costs and earning an appropriate return while meeting reliability, affordability, environmental, and customer–service obligations; the disruption of AEP's business operations due to impacts of economic or market conditions, costs of compliance with potential government regulations, electricity usage, supply chain issues, customers, service providers, vendors and suppliers caused by natural disasters or other events; construction and development risks associated with the completion of the 2026-2030 capital investment plan, including shortages or delays in labor, materials, equipment or parts; prolonged or recurring U.S. federal government shutdowns could adversely affect AEP's operations, regulatory approvals, financial performance and could cause volatility in the capital markets which may interrupt our access to capital; new legislation, litigation or government regulation, including changes to tax laws and regulations, oversight of nuclear generation, evolving environmental standards, energy commodity trading and new or modified requirements related to emissions of sulfur, nitrogen, mercury, carbon, soot or PM and other substances that could impact the continued operation, cost recovery and/or profitability of generation plants and related assets; the impact of tax legislation or associated Department of Treasury guidance, including potential changes to existing tax incentives, on capital plans, results of operations, financial condition, cash flows or credit ratings; the risks before, during and after generation of electricity associated with the fuels used or the by-products and wastes of such fuels, including coal ash and SNF; timing and resolution of pending and future rate cases, negotiations and other regulatory decisions, including rate or other recovery of new investments in generation, distribution and transmission service and environmental compliance; resolution of litigation or regulatory proceedings or investigations; the ability to efficiently manage and recover operation, maintenance and development project costs; prices and demand for power generated and sold in wholesale markets; changes in technology, including new, developing, alternative or distributed sources of generation and energy storage; the ability to recover through rates any remaining unrecovered investment in generation units that may be retired before the end of their previously projected useful lives; volatility and changes in markets for coal and other energy-related commodities, particularly changes in the price of natural gas; the impact of changing expectations and demands of customers, regulators, investors and stakeholders, including development, adoption, and use of AI by us, our customers and our third party vendors and evolving expectations related to sustainability; customer affordability considerations may impact regulatory recovery outcomes and future rate design; changes in utility regulation, policies, methodologies for evaluating and approving load interconnection, and the allocation of costs within RTOs including ERCOT, PJM and SPP and the impacts of potential market changes within those RTOs; changes in the creditworthiness of the counterparties with contractual arrangements, including participants in the energy trading market; actions of rating agencies, including changes in ratings impacting the cost of debt; geopolitical developments continue to create uncertainty in global energy markets and have contributed to increased volatility in fuel supply and pricing.  Shifts in global market conditions and broader supply-chain pressures may influence natural gas prices, power-generation economics and customer demand patterns; the impact of volatility in the capital markets on the value of the investments held by the pension, OPEB and nuclear decommissioning trust funds and a captive insurance entity and the impact of such volatility on future funding requirements; accounting standards periodically issued by accounting standard-setting bodies; the ability to successfully defend against cybersecurity threats; other risks and unforeseen events, including wars and military conflicts, the effects of terrorism (including increased security costs), embargoes, labor strikes impacting material supply chains, global information technology disruptions and other catastrophic events; the ability to attract and retain the requisite work force and key personnel, including senior management.   View original content to download multimedia:https://www.prnewswire.com/news-releases/aep-announces-pricing-of-common-stock-offering-with-a-forward-component-302770271.htmlSOURCE American Electric Power Original: AEP ANNOUNCES PRICING OF COMMON STOCK OFFERING WITH A FORWARD COMPONENT

AEP ANNOUNCES PUBLIC OFFERING OF COMMON STOCK WITH A FORWARD COMPONENTMay 12, 2026 4:05 PM
PR Newswire (US) COLUMBUS, Ohio, May 12, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced the commencement of a registered underwritten offering of $2,600,000,000 of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward counterparties (as defined below) (or their respective affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers for this offering.In connection with the offering, AEP expects to enter into forward sale agreements with each of Bank of America, N.A., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC (the "forward counterparties") under which AEP will agree to issue and sell to the forward counterparties an aggregate of $2,600,000,000 of shares of its common stock at an initial forward sale price per share equal to the price per share at which the underwriters purchase the shares in the offering, subject to certain adjustments, upon physical settlement of the forward sale agreements. In addition, the underwriters of the offering expect to be granted a 30-day option to purchase up to an additional $390,000,000 of shares of AEP's common stock upon the same terms. If the underwriters exercise their option to purchase additional shares, AEP expects to enter into additional forward sale agreements with the forward counterparties with respect to the additional shares.Settlement of the forward sale agreements is expected to occur on or prior to May 31, 2028. AEP may, subject to certain conditions, elect cash settlement or net share settlement for all or a portion of its rights or obligations under the forward sale agreements.If AEP elects physical settlement of the forward sale agreements, it expects to use the net proceeds for general corporate purposes, which may include capital contributions to its utility subsidiaries, acquisitions and/or repayment of debt.The offering will be made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction. The offer may be made only by means of a prospectus and the related prospectus supplement. Copies of these documents may be obtained by contacting:BofA Securities by email at dg.prospectus_requests @shazaam-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department;Goldman Sachs & Co. LLC by telephone at (866) 471-2526, by email at Prospectus-ny@ny.email.gs.com, or by mail at Attention: Prospectus Department, 200 West Street, New York, New York 10282; orMorgan Stanley & Co. LLC by mail at Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014ABOUT AEPAmerican Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We plan to invest $78 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 18,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 32,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.This report made by the Registrants contains forward-looking statements, and for the Registrants other than Parent, this report contains forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements in this document are presented as of the date of this document. Except to the extent required by applicable law, management undertakes no obligation to update or revise any forward-looking statement. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are: changes in economic conditions, electric market demand and demographic patterns in AEP's service territory; the economic impact of increased global conflicts and trade tensions, and the adoption or expansion of economic sanctions, tariffs, trade restrictions or changes in trade policy; inflationary or deflationary interest rate trends; new legislation or regulations adopted in the states in which we operate or federal legislation or regulations adopted that alters the regulatory framework or that prevents the timely recovery of costs and investments; volatility and disruptions in financial markets precipitated by any cause, including fiscal and monetary policy or instability in the banking industry; particularly developments affecting the availability or cost of capital to finance new capital projects and refinance existing debt; the availability and cost of funds to finance working capital and capital needs, particularly (a) if expected sources of capital such as proceeds from the sale of tax credits and anticipated securitizations do not materialize or do not materialize at the level anticipated, and (b) during periods when the time lag between incurring costs and recovery is long and the costs are material; changing demand for electricity, including large load contractual commitments; the risks and uncertainties associated with wildfires, including damages caused by wildfires, the extent of each Registrant's liability in connection with wildfires, investigations and outcomes associated with legal proceedings, demands or similar actions, inability to recover wildfire costs through insurance or through rates and the impact on financial condition and the reputation of each Registrant; the impact of extreme weather conditions, natural disasters and catastrophic events such as storms, hurricanes, wildfires and drought conditions that pose significant risks including potential litigation and the inability to recover significant damages and restoration costs incurred; limitations or restrictions on the amounts and types of insurance available to cover losses that might arise in connection with natural disasters, wildfires or operations; the cost of fuel and its transportation, the creditworthiness and performance of parties who supply and transport fuel and the cost of storing and disposing of used fuel, including coal ash and SNF; the availability of fuel and necessary generation capacity and the performance of generation plants; the ability to recover fuel and other energy costs through regulated or competitive electric rates; the ability to plan for, develop, construct, acquire, or integrate a broad range of generation and energy storage resources, as well as related transmission and distribution infrastructure, including obtaining necessary regulatory approvals, permits, and incentives; complying with cost caps and other regulatory or contractual requirements; and recovering associated costs and earning an appropriate return while meeting reliability, affordability, environmental, and customer–service obligations; the disruption of AEP's business operations due to impacts of economic or market conditions, costs of compliance with potential government regulations, electricity usage, supply chain issues, customers, service providers, vendors and suppliers caused by natural disasters or other events; construction and development risks associated with the completion of the 2026-2030 capital investment plan, including shortages or delays in labor, materials, equipment or parts; prolonged or recurring U.S. federal government shutdowns could adversely affect AEP's operations, regulatory approvals, financial performance and could cause volatility in the capital markets which may interrupt our access to capital; new legislation, litigation or government regulation, including changes to tax laws and regulations, oversight of nuclear generation, evolving environmental standards, energy commodity trading and new or modified requirements related to emissions of sulfur, nitrogen, mercury, carbon, soot or PM and other substances that could impact the continued operation, cost recovery and/or profitability of generation plants and related assets; the impact of tax legislation or associated Department of Treasury guidance, including potential changes to existing tax incentives, on capital plans, results of operations, financial condition, cash flows or credit ratings; the risks before, during and after generation of electricity associated with the fuels used or the by-products and wastes of such fuels, including coal ash and SNF; timing and resolution of pending and future rate cases, negotiations and other regulatory decisions, including rate or other recovery of new investments in generation, distribution and transmission service and environmental compliance; resolution of litigation or regulatory proceedings or investigations; the ability to efficiently manage and recover operation, maintenance and development project costs; prices and demand for power generated and sold in wholesale markets; changes in technology, including new, developing, alternative or distributed sources of generation and energy storage; the ability to recover through rates any remaining unrecovered investment in generation units that may be retired before the end of their previously projected useful lives; volatility and changes in markets for coal and other energy-related commodities, particularly changes in the price of natural gas; the impact of changing expectations and demands of customers, regulators, investors and stakeholders, including development, adoption, and use of AI by us, our customers and our third party vendors and evolving expectations related to sustainability; customer affordability considerations may impact regulatory recovery outcomes and future rate design; changes in utility regulation, policies, methodologies for evaluating and approving load interconnection, and the allocation of costs within RTOs including ERCOT, PJM and SPP and the impacts of potential market changes within those RTOs; changes in the creditworthiness of the counterparties with contractual arrangements, including participants in the energy trading market; actions of rating agencies, including changes in ratings impacting the cost of debt; geopolitical developments continue to create uncertainty in global energy markets and have contributed to increased volatility in fuel supply and pricing.  Shifts in global market conditions and broader supply-chain pressures may influence natural gas prices, power-generation economics and customer demand patterns; the impact of volatility in the capital markets on the value of the investments held by the pension, OPEB and nuclear decommissioning trust funds and a captive insurance entity and the impact of such volatility on future funding requirements; accounting standards periodically issued by accounting standard-setting bodies; the ability to successfully defend against cybersecurity threats; other risks and unforeseen events, including wars and military conflicts, the effects of terrorism (including increased security costs), embargoes, labor strikes impacting material supply chains, global information technology disruptions and other catastrophic events; the ability to attract and retain the requisite work force and key personnel, including senior management.    View original content to download multimedia:https://www.prnewswire.com/news-releases/aep-announces-public-offering-of-common-stock-with-a-forward-component-302770068.htmlSOURCE American Electric Power Original: AEP ANNOUNCES PUBLIC OFFERING OF COMMON STOCK WITH A FORWARD COMPONENT

AEP Names Andy Gurgol Vice President of Investor RelationsMay 8, 2026 12:30 PM
PR Newswire (US) Darcy Reese to Retire at End of YearCOLUMBUS, Ohio, May 8, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Andy Gurgol vice president of Investor Relations, effective May 9. He will succeed Darcy Reese, who will retire at the end of the year. Gurgol will report to Trevor Mihalik, executive vice president and chief financial officer."I am thrilled that Andy joined the AEP team this year, bringing his experience in corporate development and strategy to the finance organization," Mihalik said. "This is an exciting time for AEP as we work to seize the extraordinary growth opportunities ahead of us, and I believe Andy will excel at communicating our vision for the future to the investor community." Gurgol joined AEP in January 2026 as managing director, Corporate Strategy and Development. Prior to joining AEP, he spent nearly 14 years working in the utility and energy infrastructure sectors. Gurgol worked at Sempra for nearly a decade, where he held progressive leadership roles, including director, Corporate Development and Strategy. In this role, he was responsible for M&A and strategy development across the enterprise. Earlier in his career, Gurgol worked at NextEra Energy, leading economic and strategic analyses for over $1.5 billion in renewable energy investments. He began his career with FirstEnergy in its financial forecasting and analytics department.In addition to his time working in the utility sector, Gurgol worked at the World Resources Institute, where he served as senior manager of Conservation Finance. In this role, he led initiatives in partnership with utilities, private sector companies, and federal and state agencies to deploy investments in environmental restoration projects that mitigate catastrophic wildfire risk, strengthen infrastructure and community resilience, and generate attractive financial returns.Gurgol holds a finance degree from the University of Toledo."Communicating AEP's strategy to execute and deliver on the tremendous growth plans ahead will be critical as we invest $78 billion in our system through 2030," Gurgol said. "I look forward to meeting our investors and analysts over the next several months to begin building our relationships."Since 2020, Reese has led AEP's investor relations team, overseeing shareholder engagement, guiding the quarterly earnings narrative, and directing the company's annual meeting of shareholders.After more than 35 years in finance and accounting, Reese plans to retire at the end of 2026. She will continue to lead AEP's investor relations efforts until that time."Darcy has been an outstanding advocate for AEP with our investor community," Mihalik added. "She has been an integral member of our finance team, and her contributions to AEP have helped us grow into the company we are today. We wish Darcy and her family the best when she embarks on her next chapter at the end of the year."ABOUT AEPAmerican Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We plan to invest $78 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 18,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 32,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/aep-names-andy-gurgol-vice-president-of-investor-relations-302767110.htmlSOURCE American Electric Power Original: AEP Names Andy Gurgol Vice President of Investor Relations

$9.8 Billion AI Data Center Lease Expands Hut 8’s (HUT) Contracted Capacity PipelineMay 6, 2026 10:43 AM
IH Market News Hut 8 signed a 15-year lease tied to a 352 MW AI data center deployment at its Beacon Point campus, significantly expanding the company’s contracted AI infrastructure backlog and long-term revenue visibility. Key Investor Takeaways Hut 8 (NASDAQ:HUT) announced a 15-year AI data center lease valued at $9.8 billion for the first phase of its Beacon Point campus in Texas. The agreement covers 352 MW of IT capacity and increases Hut 8’s total contracted AI data center capacity to 597 MW. The company expects average annual NOI contribution of approximately $655 million once the project is stabilized. The campus is designed around NVIDIA’s DSX AI infrastructure architecture and supports future expansion up to 1,000 MW of utility capacity. Investors may focus on execution risk, financing structure, and Hut 8’s ability to commercialize additional capacity across its development pipeline. Why HUT Stock Is in Focus Hut 8 (NASDAQ:HUT) announced commercialization of the first phase of its Beacon Point AI data center campus in Nueces County, Texas through a 15-year lease agreement tied to 352 MW of IT capacity.The lease carries a base-term contract value of $9.8 billion and involves a confidential high-investment-grade tenant deploying compute infrastructure for AI training and inference workloads.Hut 8 said the facility will be designed according to NVIDIA’s DSX reference architecture for large-scale AI infrastructure deployments.The company expects cumulative net operating income contribution of approximately $9.8 billion during the base lease term, with projected average annual NOI contribution of roughly $655 million after stabilization.The agreement also includes three optional five-year renewal periods that could increase the total potential contract value to approximately $25.1 billion if fully exercised.Initial delivery of the first data hall is expected during the third quarter of 2027, while initial site energization is projected for the first quarter of 2027.The Beacon Point transaction expands Hut 8’s total contracted AI data center capacity to 597 MW, with aggregate base-term contract value now reaching approximately $16.8 billion.The company stated that the project was originally underwritten for a different commercialization pathway tied to American Bitcoin Corp. before being repositioned toward AI infrastructure as demand evolved.“Beacon Point underscores why we start with power and maintain flexibility across end markets,” said CEO Asher Genoot.“Operating across multiple applications lets us underwrite assets that single-use-case developers cannot, then redirect them toward higher-value commercialization pathways as demand evolves.”The company also highlighted partnerships with American Electric Power (NASDAQ:AEP), Vertiv (NYSE:VRT), and Jacobs (NYSE:J) as part of the project’s execution framework. Why This Matters for Investors The announcement significantly expands Hut 8’s long-term contracted AI infrastructure revenue base and reinforces its strategic shift toward large-scale AI data center development.The size and duration of the lease may strengthen investor confidence in the company’s ability to secure hyperscale customers and monetize energy infrastructure assets beyond cryptocurrency-related operations.The transaction also highlights the growing importance of power availability and utility-scale infrastructure in the AI data center market, particularly as demand rises for high-density compute deployments tied to AI training workloads.At the same time, investors may continue evaluating project execution risks, financing requirements, construction timelines, and the company’s ability to deliver large-scale infrastructure on schedule.The use of project-level financing and the campus’s remaining undeveloped capacity could also become important factors in future growth and capital allocation discussions. What To Watch Next Investors may monitor: Construction and energization milestones at Beacon Point Additional commercialization of remaining campus capacity Financing details tied to project-level development Expansion of Hut 8’s AI infrastructure customer base Progress across the company’s broader 8,375 MW development pipeline Future updates tied to NVIDIA-based AI infrastructure deployments Hut 8 stock price Original: $9.8 Billion AI Data Center Lease Expands Hut 8’s (HUT) Contracted Capacity Pipeline

Hut 8 Commercializes First Phase of 1 GW Beacon Point AI Data Center Campus with 15-Year, 352 MW IT Lease with Base-Term Contract Value of $9.8 BillionMay 6, 2026 6:30 AM
PR Newswire (US) Triple-net lease with high-investment-grade tenant valued at up to $25.1 billion if all renewal options are exercisedTransaction expands Hut 8's total contracted AI data center capacity to 597 MW with aggregate base-term contract value of approximately $16.8 billionHut 8 to deliver a 352 MW AI factory designed to NVIDIA's DSX reference architecture for gigawatt-scale AI infrastructureExecuted under Hut 8's repeatable delivery model with Tier 1 counterparties: American Electric Power (Nasdaq: AEP), Vertiv Holdings Co (NYSE: VRT), and Jacobs (NYSE: J)MIAMI, May 6, 2026 /PRNewswire/ -- Hut 8 Corp. (Nasdaq, TSX: HUT) ("Hut 8" or the "Company"), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies, today announced the commercialization of the first phase of its Beacon Point data center campus in Nueces County, Texas through a 15-year, $9.8 billion lease (the "Agreement") for 352 megawatts (MW) of IT capacity (the "Transaction"). The tenant, a high-investment-grade company, will deploy dedicated compute infrastructure at the campus to support AI training and inference workloads at hyperscale. Beacon Point is the second AI data center campus commercialized under the Company's power-first, greenfield development model following River Bend. Hut 8 has executed an interconnection agreement for 1,000 MW of utility capacity, with initial energization expected in Q1 2027. As with River Bend, Hut 8 identified and secured the site through its power-first approach and subsequently commercialized it through a hyperscale AI lease. The Beacon Point transaction brings Hut 8's total contracted AI data center capacity to 597 MW of IT capacity with aggregate base-term contract value of approximately $16.8 billion and aggregate average annual NOI to approximately $1.1 billion.Transaction HighlightsLease Structure: Triple net (NNN) lease.Tenant Profile: Confidential, high-investment-grade company.Compute Architecture: Hut 8 to deliver a 352 MW AI factory designed to NVIDIA's DSX reference architecture for gigawatt-scale AI infrastructure.Base-Term Contract Value: Total contract value of $9.8 billion over a 15-year base lease term, inclusive of a 3.0% annual base rent escalator.NOI Contribution: Expected cumulative NOI contribution of $9.8 billion over the base lease term, translating to an expected average annual NOI contribution of $655 million upon stabilization.Upside Economics: Three 5-year renewal options increase potential contract value to approximately $25.1 billion assuming all three options are exercised.Delivery Timeline: Initial data hall delivery expected in Q3 2027.Project-level Financing: Hut 8 intends to support the development of Beacon Point with project-level financing that aims to optimize cost of capital at the asset level while maintaining disciplined long-term leverage metrics at the corporate level.Campus Scalability: 1,000 MW of utility capacity with initial energization expected in Q1 2027.Commercial Potential: The lease for 352 MW of IT capacity, requiring approximately 500 MW of utility capacity, represents the first phase of commercialization at a campus designed to support up to 1,000 MW of utility capacity, providing significant runway for potential campus expansion and revenue growth.Power-First Underwriting and the First Phase of Value CreationBeacon Point exemplifies Hut 8's power-first development model and the value creation it enables across the asset lifecycle. Originally underwritten on a speed-to-power thesis to serve Hut 8's affiliated customer, American Bitcoin Corp. ("ABTC"), the site was repositioned to AI infrastructure as power demand accelerated and customer requirements broadened. Hut 8 transitioned Beacon Point from its original commercialization pathway with ABTC to deliver an AI data center campus with contracted, investment-grade cash flows, marking the first phase of asset-level value creation at the campus.Asher Genoot, CEO of Hut 8, said: "Beacon Point underscores why we start with power and maintain flexibility across end markets. Operating across multiple applications lets us underwrite assets that single-use-case developers cannot, then redirect them toward higher-value commercialization pathways as demand evolves. This flexibility is intentional, and it is embedded in how we underwrite, develop, and commercialize infrastructure."First-Principles Engineering and the Second Phase of Value CreationBeacon Point also exemplifies Hut 8's first-principles engineering approach and the value creation it enables as technology applications evolve. Following the repositioning of the campus to AI, the first data hall was scoped for 224 MW of IT capacity, sized to the chip architectures commercially deployed at the time. As NVIDIA's DSX reference architecture advanced toward commercial deployment with materially higher rack-level power densities, Hut 8 redesigned the data hall to support a 352 MW AI factory, a 57% increase over the initial design, within the same land and utility footprint.Scalable, Partnership-Driven Execution ModelHut 8 is developing Beacon Point through a partnership-driven execution model first implemented at its River Bend campus. The model is structured to mitigate risk across the project lifecycle by aligning Tier 1 partners to defined roles across technology, engineering and construction, and critical systems delivery.Asher Genoot, CEO of Hut 8, said: "This transaction commercializes the first building of our newest gigawatt-scale campus and marks our second AI data center lease. More importantly, it demonstrates that our development model, which pairs power-first underwriting with disciplined commercialization and institutional execution, is repeatable and extendable across our broader pipeline."NVIDIA is engaged as technology partner, with Phase 1 of the campus engineered to NVIDIA's DSX reference architecture for gigawatt-scale AI factories. Jacobs, a global scienced-based consulting and advisory firm, is retained as EPCM (Engineering, Procurement and Construction Management) lead, working alongside Vertiv in its role supporting critical digital infrastructure systems.Bob Pragada, Chair and CEO of Jacobs, said: "Beacon Point underscores the strength of our partnership with Hut 8 and the discipline required to deliver AI infrastructure with speed, safety, and certainty. Building on our work together at River Bend, we are applying our EPCM leadership and advanced digital twin technology to set the benchmark for AI infrastructure deployment, optimization, and resiliency."Giordano Albertazzi, CEO of Vertiv, said: "Next generation AI infrastructure will be defined by how quickly power can be converted into AI capacity. Partnering with Hut 8 aligns with Vertiv's systems-level approach to converged physical infrastructure —  bringing power, cooling, and deployment execution at scale. At Beacon Point, we are applying Vertiv's global manufacturing depth, supply chain discipline, engineering expertise, and critical digital infrastructure portfolio to help deliver AI capacity with speed, reliability, and long-term performance."Utility and Regional PartnershipsHut 8 is developing the Beacon Point campus in collaboration with key Texas stakeholders, including AEP Texas, a subsidiary of American Electric Power (AEP), and the Corpus Christi Regional Economic Development Corporation (CCREDC). Hut 8 and AEP Texas have executed an interconnection agreement for 1,000 MW of utility capacity for the campus, with initial energization expected in Q1 2027.Hut 8 brings a long operating history in Texas and extensive experience working within ERCOT across large-load applications. This experience has enabled the Company to advance complex infrastructure projects by navigating market dynamics, interconnection processes, and transmission and system upgrade requirements while maintaining disciplined development and execution timelines.Aaron Bowman, CEO of CCREDC, said: "Beacon Point reflects the type of long-term investment that supports durable growth in the Coastal Bend economy. Hut 8's focus on power infrastructure and disciplined execution aligns with the region's assets and workforce capabilities, and we are pleased to support the advancement of this campus in Nueces County."Development Pipeline UpdateThe Transaction advances 500 MW of utility capacity from Energy Capacity Under Development to Energy Capacity Under Construction. An additional 500 MW of utility capacity from Beacon Point remains within Energy Capacity Under Development.  Hut 8 continues to advance opportunities across a broader pipeline spanning 7,545 MW of Energy Capacity Under Diligence, Exclusivity, and Development, applying the same power-first underwriting framework and institutional execution model demonstrated at River Bend and Beacon Point.StageDescriptionUtility Capacity   
As of May 6,
2026Energy Capacity Under
DiligenceSites identified for large-load use cases such as AI, HPC, ASIC compute, industrial applications such as
next generation manufacturing, and other energy-intensive technologies. At this stage, Hut 8 assesses site
potential by engaging with utilities, landowners, and other stakeholders to evaluate critical factors, including
power availability, infrastructure readiness, fiber connectivity, and overall commercial viability. 5,315 MWEnergy Capacity Under
ExclusivitySites where Hut 8 has secured a clear path to ownership through either: (i) an exclusivity agreement that prevents
the sale of designated land and power capacity to another party or (ii) a tendered interconnection agreement,
confirming a viable path to securing power and infrastructure for deployment.1,680 MW1Energy Capacity Under
DevelopmentSites where Hut 8 is actively investing in development and commercialization by executing definitive land and/or 
power agreements, advancing site design and infrastructure buildout, and engaging with prospective customers.550 MWEnergy Capacity Under
Construction Sites where Hut 8 has executed a definitive offtake agreement and commenced construction activities.830 MWTotalAll sites under diligence, exclusivity, development, commercialization, and construction.8,375 MW1
Note: (1) Excludes 1,000 MW of potential IT expansion capacity at River Bend, for which Fluidstack holds a ROFO under the River Bend lease.Non-GAAP Financial MeasuresThis press release includes a non-GAAP financial measure, expected net operating income (NOI) contribution, which the Company defines as expected lease revenue for a particular lease less any non-reimbursable operating expenses attributable to the leased property. The Company's management team uses expected NOI contribution to measure the expected operating performance of a particular lease. Operating income is the GAAP measure most directly comparable to expected NOI contribution. In evaluating expected NOI contribution, you should be aware that in the future the Company may incur non-reimbursable lease operating expenses that are not currently known. The Company's presentation of expected NOI contribution should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. Expected NOI contribution has important limitations as an analytical tool and you should not consider expected NOI contribution in isolation or as a substitute for analysis of results as reported under GAAP. For example, expected NOI contribution excludes the impact of selling, general and administrative expenses and depreciation and amortization, which have real economic effect and could materially impact the Company's consolidated financial results. Other companies, including Real Estate Investment Trusts, may calculate expected NOI contribution differently than the Company does and, accordingly, the Company's expected NOI contribution may not be comparable to similar measures published by such companies. No reconciliation of expected NOI contribution is included in this press release because the Company is unable to quantify certain amounts that would be required to be included in operating income without unreasonable efforts as such quantification would imply a degree of precision that would be confusing or misleading to investors.Additional Transaction Information and Upcoming CommunicationsHut 8 has made available on its website an investor presentation with further details regarding the Transaction.For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company's website, hut8.com/investors, and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.About Hut 8Hut 8 is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive technologies such as AI, high-performance computing, and ASIC compute. The Company develops, commercializes, and operates industrial-scale energy and data center infrastructure through a power-first, innovation-driven approach. For more information, visit hut8.com.Cautionary Note Regarding Forward-Looking InformationThis press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the terms, value, and expected benefits of the Transaction and the Agreement, including expected contract value, NOI contribution, and potential value from renewal options, the timing of development, construction, energization, and delivery of the Beacon Point campus, the Company's plans with respect to project-level financing, the expected capacity, scalability, and potential future expansion of the campus, the Company's development pipeline, and the Company's future business strategy, competitive strengths, expansion, and growth of the business and operations more generally, and other such matters is forward-looking information. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "is designed to", "likely," or similar expressions.Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, risks relating to the construction of new data centers, including cost overruns, delays, supply chain issues, permitting or regulatory hurdles, unexpected technical challenges, and dependency on contractors; risks relating to the financing of new data centers, including the potential dilutive impact of equity issuances (if any), access to capital markets, timing and cost of financing, and market conditions such as increases in interest rates, declining equity valuations, volatility in credit markets, or tightening lending standards; risks impacting our ability to expand the power capacity at the River Bend campus, such as limitations of transmission and/or generation resources; failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company's filings with the U.S. Securities and Exchange Commission. In particular, see the Company's recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company's EDGAR profile at sec.gov and SEDAR+ profile at sedarplus.ca. View original content to download multimedia:https://www.prnewswire.com/news-releases/hut-8-commercializes-first-phase-of-1-gw-beacon-point-ai-data-center-campus-with-15-year-352-mw-it-lease-with-base-term-contract-value-of-9-8-billion-302763484.htmlSOURCE Hut 8 Corp. Original: Hut 8 Commercializes First Phase of 1 GW Beacon Point AI Data Center Campus with 15-Year, 352 MW IT Lease with Base-Term Contract Value of $9.8 Billion

AEP Reports First-Quarter 2026 Earnings, Reaffirms Guidance and Increases Five-Year Capital PlanMay 5, 2026 6:57 AM
PR Newswire (US) First-quarter 2026 GAAP earnings of $1.61 per share; operating earnings of $1.64 per shareAEP reaffirms full-year 2026 operating earnings guidance of $6.15 to $6.45 per shareNew load additions expand to 63 gigawatts by 2030Cost offsets for existing customers of up to $16 billion driven by signed customer agreementsAccelerating demand drives five-year capital plan to $78 billion, with line of sight to over $10 billion in additional investment anticipatedNew capital plan additions of $6 billion raise the expected operating earnings CAGR to greater than 9% through 2030COLUMBUS, Ohio, May 5, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today reported first-quarter 2026 GAAP earnings of $874 million or $1.61 per share, compared with GAAP earnings of $800 million or $1.50 per share in first-quarter 2025. Operating earnings for first-quarter 2026 were $891 million or $1.64 per share, compared with operating earnings of $823 million or $1.54 per share in first-quarter 2025. See the detailed GAAP to operating earnings reconciliation at the end of this press release. AEP reaffirms its 2026 operating earnings guidance of $6.15 to $6.45 per share and its annual operating earnings growth rate of 7% to 9% through 2030, with an expected operating earnings compound annual growth rate (CAGR) of greater than 9%.Strong Demand Growth Drives Additional Capital InvestmentThis quarter's results reflect continued disciplined execution and strong demand growth across AEP's service territory. Following 7 gigawatts (GW) of new load agreements signed during the first quarter, primarily in Ohio and Texas, AEP's incremental load is expected to grow to 63 GW by 2030. The new load is backed by signed agreements with well-capitalized industrial customers, hyperscalers and data center developers.Growth in AEP Texas accounts for 41 GW of new load commitments. The rollout of Texas Senate Bill 6 this summer is expected to enhance certainty around interconnection timing for the incremental load growth. AEP is committed to building the necessary transmission and distribution infrastructure in Texas; however, timing is highly dependent on the needed generation to support the load, which is supplied by others.AEP continues to experience robust system demand in key growth states including Indiana, Ohio, Oklahoma and Texas. To support this continued growth, AEP increased its five-year capital plan to $78 billion, up from $72 billion, driven by newly approved transmission investments in PJM and SPP and new natural gas-fired generation in Indiana that are expected to come online later in the five-year period ending in 2030. AEP expects the expanded capital plan to generate nearly 11% annual rate-base growth and an operating earnings CAGR above 9% through 2030.AEP has additional significant transmission and generation project opportunities beyond the new $78 billion capital plan. This includes line of sight to over $10 billion in investment potential through Ohio's Piketon transmission project, the fuel cell installation in Wyoming and additional generation in many of the states AEP serves. When the capital plan is updated in the third quarter to include 2031 opportunities, it is expected to capture accelerating demand growth and incorporate incremental, long–term investments."AEP is executing on our strategic plan at an exceptionally high level during a time of unprecedented opportunity for our industry while keeping an intense focus on affordability," said Bill Fehrman, AEP chairman, president and chief executive officer. "We are seeing substantial demand growth across our footprint, particularly from data centers and other large load customers. We are intensely focused on delivering reliability and long-term value for our customers and stakeholders."Transmission Growth Continues to AccelerateAEP's transmission network remains a key competitive advantage and is the largest in the United States. The company owns and operates more than 2,100 miles of 765-kilovolt (kV) transmission lines and brings more than 60 years of experience designing, building and operating ultra-high-voltage infrastructure.During the first quarter, AEP was awarded new 765-kV transmission projects across SPP and PJM. Total transmission investment is now expected to be $33 billion, representing 42% of the five-year capital plan.In SPP, AEP plans to build 315 miles of 765-kV lines and additional projects in Oklahoma and Louisiana. In PJM, AEP subsidiaries were awarded the construction of approximately 330 miles of predominantly 765-kV lines in Ohio and Indiana. AEP was also selected for a nearly 200-mile 765-kV project in MISO, expanding the company's competitive footprint into Wisconsin.Affordability and Regulatory ProgressAs load growth increases, AEP remains focused on maintaining affordability for residential customers. The company expects up to $16 billion in cost offsets for existing customers realized over the life of the large load contracts.AEP also continues to leverage federal tools including grants and loan guarantees to benefit customers. These loans and grants provide meaningful relief to customers, saving nearly $600 million and supporting efforts to strengthen the electric grid.During the quarter, AEP's operating companies in Indiana, Ohio, Texas and West Virginia exemplified continued positive regulatory progress through productive commission orders and regulatory filings."We understand that affordability is a key concern for customers and policymakers, and AEP is committed to finding creative solutions that address those concerns while helping our customers leverage cost savings tools. AEP's scale, integrated approach and execution capabilities position us to lead during this period of transformational growth," Fehrman said. "We are helping to build the nation's energy backbone while creating opportunities for customers and communities we serve while delivering long-term value for all of our stakeholders."AMERICAN ELECTRIC POWER
Preliminary, unaudited results


First Quarter Ended March 31

20252026VarianceRevenue ($ in millions):5,4636,020557Earnings ($ in millions):


                GAAP80087474                Operating (non-GAAP)82389168




EPS ($): (a)



               GAAP1.501.610.11               Operating (non-GAAP)1.541.640.10
(a)  EPS is calculated using the weighted average basic common shares outstanding of
       million and 542 million for the quarters ended March 31, 2025 and 2026, respectively  SUMMARY OF RESULTS BY SEGMENT $ in millions, unaudited
GAAP Earnings1Q 251Q 26VarianceVertically Integrated Utilities (a)324462138   Transmission & Distribution Utilities (b)                                   16523772   AEP Transmission Holdco (c)235209(26)   Generation & Marketing (d)10275(27)   All Other(26)(109)(83)Total GAAP Earnings 80087474



Operating Earnings (non-GAAP)1Q 251Q 26Variance   Vertically Integrated Utilities (a)350464114   Transmission & Distribution Utilities (b)19223745   AEP Transmission Holdco (c)235209(26)   Generation & Marketing (d)769014   All Other(30)(109)(79)Total Operating Earnings (non-GAAP)82389168
A full reconciliation of GAAP earnings to operating earnings is included in tables at the end of this news release.
(a)Includes AEP Generating Co., Appalachian Power, Indiana Michigan Power, Kentucky Power, Kingsport Power, Public Service Company of Oklahoma, Southwestern Electric Power Company and Wheeling Power(b)Includes AEP Ohio and AEP Texas(c)Includes transmission-only subsidiaries and transmission-only joint ventures(d)Includes marketing, risk management and retail activities in ERCOT, MISO, PJM and SPP, and competitive generation in PJMEARNINGS GUIDANCE AEP management reaffirms its 2026 operating earnings guidance range of $6.15 to $6.45 per share. Operating earnings, which could differ from earnings reported in accordance with GAAP, exclude certain gains and losses and other specified items, including mark-to-market adjustments from commodity hedging activities and other items as set forth in the reconciliation below, that management believes are not indicative of AEP's ongoing performance. AEP management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods. Therefore, AEP is not able to provide a corresponding GAAP equivalent for earnings guidance.Reflecting certain items recorded through the first quarter, the estimated earnings per share on a GAAP basis would be $6.12 to $6.42 per share. See the table below for a full reconciliation of 2026 earnings guidance.2026 EPS Guidance Reconciliation



Estimated GAAP EPS Guidance$6.12to$6.42Mark-to-Market Impact of Commodity Hedging Activities               
0.05
Impact of WVPSC Order
(0.07)
Pirkey Plant Disallowance
0.06
Income Tax Effect of Adjustments
(0.01)
Operating EPS Guidance$6.15to$6.45WEBCASTAEP's quarterly discussion with financial analysts and investors will be broadcast live over the internet at 9 a.m. Eastern today at http://www.aep.com/webcasts. The webcast will include audio of the discussion and visuals of charts and graphics referred to by AEP management. The charts and graphics will be available for download at http://www.aep.com/webcasts. AEP reports its financial results in accordance with GAAP. AEP supplements its reporting of financial information with certain non-GAAP financial measures, such as operating earnings and operating earnings per share. The most comparable GAAP measure to operating earnings and operating earnings per share is GAAP earnings and GAAP earnings per share, respectively.This information is intended to enhance an investor's overall understanding of period over period financial results and provide an indication of AEP's baseline operating performance by excluding items that are considered by management to be not directly related to the ongoing operations of the business. In addition, this information is among the primary indicators management uses as a basis for evaluating performance, allocating resources, setting incentive compensation targets and planning and forecasting of future periods. These non-GAAP financial measures are not a presentation defined under GAAP and may not be comparable to other companies' presentations. These non-GAAP measures should not be deemed more useful than, a substitute for, or an alternative to the most comparable GAAP measures.ABOUT AEPAmerican Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We plan to invest $78 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 18,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 32,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.WEBSITE DISCLOSUREAEP may use its website as a distribution channel for material company information. Financial and other important information regarding AEP is routinely posted on and accessible through AEP's website at https://www.aep.com/investors/. In addition, you may automatically receive email alerts and other information about AEP when you enroll your email address by visiting the "Email Alerts" section at https://www.aep.com/investors/. FORWARD-LOOKING INFORMATIONThis report made by the Registrants contains forward-looking statements, and for the Registrants other than Parent, this report contains forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements in this document are presented as of the date of this document. Except to the extent required by applicable law, management undertakes no obligation to update or revise any forward-looking statement. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are: changes in economic conditions, electric market demand and demographic patterns in AEP's service territory; the economic impact of increased global conflicts and trade tensions, and the adoption or expansion of economic sanctions, tariffs, trade restrictions or changes in trade policy; inflationary or deflationary interest rate trends; new legislation or regulations adopted in the states in which we operate or federal legislation or regulations adopted that alters the regulatory framework or that prevents the timely recovery of costs and investments; volatility and disruptions in financial markets precipitated by any cause, including fiscal and monetary policy or instability in the banking industry; particularly developments affecting the availability or cost of capital to finance new capital projects and refinance existing debt; the availability and cost of funds to finance working capital and capital needs, particularly (a) if expected sources of capital such as proceeds from the sale of tax credits and anticipated securitizations do not materialize or do not materialize at the level anticipated, and (b) during periods when the time lag between incurring costs and recovery is long and the costs are material; changing demand for electricity, including large load contractual commitments; the risks and uncertainties associated with wildfires, including damages caused by wildfires, the extent of each Registrant's liability in connection with wildfires, investigations and outcomes associated with legal proceedings, demands or similar actions, inability to recover wildfire costs through insurance or through rates and the impact on financial condition and the reputation of each Registrant; the impact of extreme weather conditions, natural disasters and catastrophic events such as storms, hurricanes, wildfires and drought conditions that pose significant risks including potential litigation and the inability to recover significant damages and restoration costs incurred; limitations or restrictions on the amounts and types of insurance available to cover losses that might arise in connection with natural disasters, wildfires or operations; the cost of fuel and its transportation, the creditworthiness and performance of parties who supply and transport fuel and the cost of storing and disposing of used fuel, including coal ash and SNF; the availability of fuel and necessary generation capacity and the performance of generation plants; the ability to recover fuel and other energy costs through regulated or competitive electric rates; the ability to plan for, develop, construct, acquire, or integrate a broad range of generation and energy storage resources, as well as related transmission and distribution infrastructure, including obtaining necessary regulatory approvals, permits, and incentives; complying with cost caps and other regulatory or contractual requirements; and recovering associated costs and earning an appropriate return while meeting reliability, affordability, environmental, and customer–service obligations; the disruption of AEP's business operations due to impacts of economic or market conditions, costs of compliance with potential government regulations, electricity usage, supply chain issues, customers, service providers, vendors and suppliers caused by natural disasters or other events; construction and development risks associated with the completion of the 2026-2030 capital investment plan, including shortages or delays in labor, materials, equipment or parts; prolonged or recurring U.S. federal government shutdowns could adversely affect AEP's operations, regulatory approvals, financial performance and could cause volatility in the capital markets which may interrupt our access to capital; new legislation, litigation or government regulation, including changes to tax laws and regulations, oversight of nuclear generation, evolving environmental standards, energy commodity trading and new or modified requirements related to emissions of sulfur, nitrogen, mercury, carbon, soot or PM and other substances that could impact the continued operation, cost recovery and/or profitability of generation plants and related assets; the impact of tax legislation or associated Department of Treasury guidance, including potential changes to existing tax incentives, on capital plans, results of operations, financial condition, cash flows or credit ratings; the risks before, during and after generation of electricity associated with the fuels used or the by-products and wastes of such fuels, including coal ash and SNF; timing and resolution of pending and future rate cases, negotiations and other regulatory decisions, including rate or other recovery of new investments in generation, distribution and transmission service and environmental compliance; resolution of litigation or regulatory proceedings or investigations; the ability to efficiently manage and recover operation, maintenance and development project costs; prices and demand for power generated and sold in wholesale markets; changes in technology, including new, developing, alternative or distributed sources of generation and energy storage; the ability to recover through rates any remaining unrecovered investment in generation units that may be retired before the end of their previously projected useful lives; volatility and changes in markets for coal and other energy-related commodities, particularly changes in the price of natural gas; the impact of changing expectations and demands of customers, regulators, investors and stakeholders, including development, adoption, and use of AI by us, our customers and our third party vendors and evolving expectations related to sustainability; customer affordability considerations may impact regulatory recovery outcomes and future rate design; changes in utility regulation, policies, methodologies for evaluating and approving load interconnection, and the allocation of costs within RTOs including ERCOT, PJM and SPP and the impacts of potential market changes within those RTOs; changes in the creditworthiness of the counterparties with contractual arrangements, including participants in the energy trading market; actions of rating agencies, including changes in ratings impacting the cost of debt; geopolitical developments continue to create uncertainty in global energy markets and have contributed to increased volatility in fuel supply and pricing. Shifts in global market conditions and broader supply-chain pressures may influence natural gas prices, power-generation economics and customer demand patterns; the impact of volatility in the capital markets on the value of the investments held by the pension, OPEB and nuclear decommissioning trust funds and a captive insurance entity and the impact of such volatility on future funding requirements; accounting standards periodically issued by accounting standard-setting bodies; the ability to successfully defend against cybersecurity threats; other risks and unforeseen events, including wars and military conflicts, the effects of terrorism (including increased security costs), embargoes, labor strikes impacting material supply chains, global information technology disruptions and other catastrophic events; the ability to attract and retain the requisite work force and key personnel, including senior management.American Electric PowerFinancial Results for the First Quarter of 2026Reconciliation of GAAP to Operating Earnings (non-GAAP)


















2026


Vertically
Integrated
Utilities
Transmission
& Distribution
Utilities
AEP
Transmission
Holdco
Generation
&
Marketing
Corporate
and Other
Total
EPS (a)


($ in millions, unaudited)

















GAAP Earnings (Loss) (b)462
237
209
75
(109)
874
$        1.61















Adjustments to GAAP Earnings














Mark-to-Market Impact of Commodity
Hedging Activities(c)7
—
—
19
—
26
0.05
Impact of WVPSC Order(d)(35)
—
—
—
—
(35)
(0.07)
Pirkey Plant Disallowance(e)31
—
—
—
—
31
0.06
Income Tax Effect of Adjustments(f)(1)
—
—
(4)
—
(5)
(0.01)Total Adjustments
2
—
—
15
—
17
$       0.03















Operating Earnings (Loss)
  (non-GAAP)
464
237
209
90
(109)
891
$        1.64














(a)EPS is calculated using the weighted average basic common shares outstanding(b)Represents the earnings (loss) attributable to common shareholders(c)Represents the mark–to–market impact of economic hedging activities which are excluded to align with the recognition of the underlying hedged exposures(d)Represents the impact of the WVPSC order related to the 2024 Modified Rate Base Cost surcharge update filing. These amounts represent the deferral of costs incurred in prior periods and are not indicative of the Company's baseline operating performance in the current year(e)Represents the impact of the probable partial disallowance of the Pirkey Plant net book value in the 2025 Texas Base Rate Case. This disallowance is related to expectations related to the outcome of a pending case and is not indicative of the Company's baseline operating performance in the current year(f)Tax effect is calculated using the statutory tax rate unless otherwise noted Financial Results for the First Quarter of 2025Reconciliation of GAAP to Operating Earnings (non-GAAP)


















2025


Vertically
Integrated
Utilities
Transmission
& Distribution
Utilities
AEP
Transmission
Holdco
Generation
&
Marketing
Corporate
and Other
Total
EPS (a)


($ in millions, unaudited)

















GAAP Earnings (Loss)(b)324
165
235
102
(26)
800
$        1.50















Adjustments to GAAP Earnings(c)













Mark-to-Market Impact of Commodity
Hedging Activities(d)26
—
—
(40)
—
(14)
(0.03)
Sale of AEP Onsite Partners(e)—
—
—
14
(4)
10
0.02
Impact of Ohio Legislation(f)—
27
—
—
—
27
0.05Total Adjustments
26
27
—
(26)
(4)
23
$       0.04















Operating Earnings (Loss)
  (non-GAAP)
350
192
235
76
(30)
823
$        1.54
















(a)EPS is calculated using the weighted average basic common shares outstanding(b)Represents the earnings (loss) attributable to common shareholders(c)Excluding tax related adjustments, all items presented in the table are tax adjusted at the statutory rate unless otherwise noted(d)Represents the mark–to–market impact of economic hedging activities which are excluded to align with the recognition of the underlying hedged exposures(e)Represents an adjustment to the estimated loss on sale of AEP OnSite Partners as a result of the contractual working capital true-up(f)Represents the estimated reduction in regulatory assets for OVEC-related purchased power costs as a result of approved legislation in Ohio American Electric PowerSummary of Selected Sales DataRegulated Connected Load(Data based on preliminary, unaudited results)








Three Months Ended March 31ENERGY & DELIVERY SUMMARY
2025
2026
Variance

(in millions of KWh)

Vertically Integrated Utilities





Retail:





   Residential
9,404
8,873
(5.6) %   Commercial
5,896
6,827
15.8 %   Industrial
8,101
7,998
(1.3) %   Miscellaneous
533
534
0.2 %Total Retail
23,934
24,232
1.2 %






   Wholesale (a)
4,791
3,545
(26.0) %






Total KWhs
28,725
27,777
(3.3) %






Transmission & Distribution Utilities





Retail:





   Residential
7,011
6,532
(6.8) %   Commercial
9,588
12,777
33.3 %   Industrial
6,756
6,872
1.7 %   Miscellaneous
172
166
(3.5) %Total Retail (b)
23,527
26,347
12.0 %






   Wholesale (c)
667
643
(3.6) %






Total KWhs
24,194
26,990
11.6 %








(a)Includes off-system sales, municipalities and cooperatives, unit power and other wholesale customers(b)Represents energy delivered to distribution customers(c)Primarily Ohio's contractually obligated purchases of OVEC power sold to PJM   View original content to download multimedia:https://www.prnewswire.com/news-releases/aep-reports-first-quarter-2026-earnings-reaffirms-guidance-and-increases-five-year-capital-plan-302762002.htmlSOURCE American Electric Power Original: AEP Reports First-Quarter 2026 Earnings, Reaffirms Guidance and Increases Five-Year Capital Plan

AEP Declares Quarterly Dividend on Common StockApril 28, 2026 1:50 PM
PR Newswire (US)

COLUMBUS, Ohio, April 28, 2026 /PRNewswire/ -- The Board of Directors of American Electric Power (Nasdaq: AEP) has declared a regular quarterly cash dividend of 95 cents per share on the company's common stock.The dividend is payable June 10, 2026, to shareholders of record as of May 8, 2026, and is the company's 464th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.About AEP
American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 32,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.Website Disclosure
AEP may use its website as a distribution channel for material company information. Financial and other important information regarding AEP is routinely posted on and accessible through AEP's website at https://www.aep.com/investors/. In addition, you may automatically receive email alerts and other information about AEP when you enroll your email address by visiting the "Email Alerts" section at https://www.aep.com/investors/. 





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Original: AEP Declares Quarterly Dividend on Common Stock

AEP Names Maryam S. Brown President and COO of Indiana Michigan PowerApril 13, 2026 11:00 AM
PR Newswire (US)

Steve Baker to serve as senior advisorCOLUMBUS, Ohio, April 13, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Maryam S. Brown president and chief operating officer of Indiana Michigan Power (I&M), effective April 27. Brown will report to Bill Fehrman, AEP chairman, president and chief executive officer."I&M is one of our fastest growing operating companies with significant opportunities to deliver for our customers on the horizon," Fehrman said. "Maryam has managed complex financial and regulatory environments, driven infrastructure growth and most recently led one of the nation's largest utilities as president and chief executive officer. We believe her unique combination of operational and financial acumen, strategic vision and policy expertise will be key to helping I&M reach its goals and unlock value for our stakeholders."Brown brings more than 25 years of experience spanning utility operations, energy infrastructure development, financial management, regulatory and energy law and federal policy. She will succeed Steve Baker, who will serve as senior advisor to support the transition and assist with AEP's nuclear development strategy in Indiana until his retirement at the end of 2026."Steve has been an exceptional leader throughout his 35 years with AEP," Fehrman said. "We are grateful he will remain on the team to help ensure a strong transition before his well-deserved retirement."Most recently, Brown served as president and CEO of Southern California Gas Company, a Sempra subsidiary serving more than 21 million customers. She led the company through a demanding regulatory and policy environment while driving strong financial performance and overseeing its most significant operational modernization in two decades. Under her leadership, SoCalGas also advanced Angeles Link, a proposal for the largest hydrogen pipeline in the country."I&M is at an exciting inflection point," Brown said. "I have spent my career preparing for complex challenges and opportunities like generational load growth, potential nuclear development and the broader transformation of the energy grid. I look forward to getting into the field, learning from the I&M team and engaging directly with the customers and communities of Indiana and Michigan as we build on the strong foundation already in place."Brown began her career as a maintenance and reliability engineer at Amoco Oil Company before earning her Juris Doctor and building an extensive career in complex energy and regulatory law, including experience as a Securities and Exchange Commission attorney. She also served as senior energy and environment counsel to former Speaker of the House Paul D. Ryan and as chief counsel for the House Energy and Power Subcommittee. She joined Sempra in 2016 as vice president of Federal Government Affairs before rising to lead SoCalGas as president and then CEO.Brown received a bachelor's degree in mechanical engineering and a Juris Doctor from Louisiana State University.About AEP
AEP is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power, Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company. AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com. 





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Original: AEP Names Maryam S. Brown President and COO of Indiana Michigan Power

AEP Ohio Partners to Bring $4.2B in New Electric Infrastructure in Appalachian Ohio Without Raising Customer RatesMarch 20, 2026 11:36 AM
PR Newswire (US)

GAHANNA, Ohio, March 20, 2026 /PRNewswire/ -- The U.S. Department of Energy, SB Energy and AEP Ohio today announced planned multi-billion-dollar investments in advanced digital and energy infrastructure to support data center growth and drive economic development in Appalachian Ohio. The investments, when approved, will include new 765-kilovolt (kV) electric transmission infrastructure to serve data center development at the site of the former gaseous diffusion plant in Piketon, Ohio. A 10-gigawatt data center campus is planned for the site. SB Energy is committed to paying for the $4.2 billion in new transmission investments to help avoid increases to transmission rates for Ohio residents. AEP Ohio expects power to begin flowing to the site in 2029."Ohio is experiencing some of the fastest electricity demand growth in the nation, driven by data centers. AEP Ohio is proud to have brought together our experienced team, the U.S. Department of Energy and SB Energy to develop this framework, and we celebrate the potential this investment has to help Pike County and Appalachian Ohio grow," said Marc Reitter, AEP Ohio president. "The new transmission facilities are essential to powering this project and will unlock billions of dollars in regional investment. I am especially proud that our teams were able to develop a plan that supports economic development while protecting our ratepayers from the costs associated with this new infrastructure."AEP pioneered the use of 765-kV transmission technology in 1969 to more efficiently deliver electricity to customers. Since then, AEP has grown to be the nation's leader in 765-kV transmission lines, owning and operating lines both within and outside its service territory. The company has built the largest transmission network in the country, owning and operating more high voltage lines than any other utility company. The 765-kV lines are powerful and can move six times more energy than a 345-kV line.Initial transmission line route planning is underway and AEP Ohio is preparing to engage with community members and landowners to solicit feedback. The Ohio Power Siting Board will oversee the permitting of any new transmission lines, and the permitting process requires public input, environmental impact studies and socioeconomic and land use analysis.AEP Ohio and SB Energy will engage with regulators and stakeholders to provide additional details on the projects and the proposed cost-recovery approach in upcoming regulatory filings.About AEP Ohio
AEP Ohio is based in Gahanna, Ohio, and is a unit of American Electric Power. AEP Ohio provides electricity to 1.5 million customers across 61 counties. News and information about AEP Ohio can be found at AEPOhio.com.About AEP
American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 30,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com. 





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Original: AEP Ohio Partners to Bring $4.2B in New Electric Infrastructure in Appalachian Ohio Without Raising Customer Rates

AEP Names Brian Abraham to Lead Appalachian Power, Aaron Walker Appointed to Nuclear Development Organization RoleMarch 17, 2026 3:00 PM
PR Newswire (US)

COLUMBUS, Ohio, March 17, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Brian Abraham president and chief operating officer of Appalachian Power (APCo) to align with the company's strategy to strengthen relationships with key stakeholders across its service territory. Abraham will join the company April 13 and will report to Bill Fehrman, AEP chairman, president and chief executive officer."Our focus in West Virginia, Virginia and Tennessee is to partner with legislators, regulators and community leaders to develop state-focused solutions that balance their energy priorities with reliability and affordability," Fehrman said. "Brian's legal and public policy expertise, deep commitment to Appalachia and established partnerships within the region will bring a fresh perspective. We are confident Brian is the right choice to lead the nearly 2,900 employees in APCo's territory and to collaborate with our valued stakeholders."Abraham will succeed Aaron Walker, who will serve as vice president, Engineering and Quality, Nuclear Development. Walker will report to Alicia Knapp, president, Nuclear Development. Walker has more than 20 years of experience in the industry and has held several leadership roles with AEP, including vice president, Distribution Operations, APCo, and plant manager, Rockport Plant."Aaron is a respected leader with strong operational expertise in generation and project management. His skills will be an asset to our Nuclear Development organization and their work to develop advanced nuclear solutions to benefit our customers. We are grateful to have him as part of our Nuclear Development organization's leadership team where he will help shape the future of this important part of our business," Fehrman said. Abraham currently serves as chief of staff to West Virginia Senator Jim Justice. He was appointed chief of staff during Justice's second term as governor of West Virginia and continued in the same role when Justice was elected senator. Prior to serving as chief of staff, he was general counsel for the Justice Administration."As a West Virginia native, I understand both the region and the responsibility that comes with serving our communities," Abraham said. "I look forward to working with the APCo team to listen to and work with our stakeholders to create affordable energy solutions that best fit the needs of our communities in Appalachia and generate opportunity for our customers."Abraham has extensive litigation experience and has represented businesses, individuals and government agencies. Previously, he was the elected prosecuting attorney for Logan County, a position he held from 1999 until 2009. Abraham also previously served as a special assistant United States attorney for Kentucky and Tennessee.Abraham is a United States Army veteran and recently retired as brigadier general after 22 years of service. He previously served on active duty in Iraq with XVIII Airborne Corps as an operational law officer and as a prosecutor of insurgents. He also served as trial counsel for the 101st Airborne Division. Most recently, Abraham served as the special assistant adjutant general with the West Virginia National Guard.Abraham received a bachelor's degree in business administration from Fairmont State University, a master's degree in strategic studies from the United States Army War College and a Juris Doctor from West Virginia University.About AEPAEP is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com. 





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Original: AEP Names Brian Abraham to Lead Appalachian Power, Aaron Walker Appointed to Nuclear Development Organization Role

AEP Names Adrian Rodriguez President and COO of AEP TexasMarch 6, 2026 12:04 PM
PR Newswire (US)

Rodriguez brings deep regulatory and stakeholder engagement experience to support Texas growthCOLUMBUS, Ohio, March 6, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has named Adrian Rodriguez president and chief operating officer of AEP Texas to align with the company's strategy to capitalize on long-term priorities, further strengthen operational performance and enhance relationships with key stakeholders in the state. Rodriguez will join the company March 30 and will report to Bill Fehrman, AEP chairman, president and chief executive officer.  "As the business continues to evolve, we believe now is the right time to bring in a leader with deep experience in stakeholder engagement and a strong operational focus to align with our long-term priorities in Texas," Fehrman said. "Adrian brings a proven ability to build trust with employees, customers, regulators and local leaders, while keeping the organization focused on safety, reliability and disciplined execution. We see tremendous upside in AEP Texas and its ability to enable growth in the state, through our industry-leading 765-kV transmission capabilities. We are confident this move will help take this operating company to the next level to realize that potential." Rodriguez will succeed Judith Talavera, who has left the organization. Alex Ramirez, vice president, Distribution Operations, AEP Texas, will serve as interim president and chief operating officer until Rodriguez joins the company to ensure a smooth transition. "We are grateful for Judith's leadership and contributions to the company and wish her all the best," Fehrman said. Rodriguez currently serves as president of Southwestern Public Service Company, a subsidiary of Xcel Energy serving customers in New Mexico and Texas, where he directed significant regulatory initiatives, secured the largest capital project in the company's history and led the company through wildfire recovery efforts. "Texas continues to be one of the most dynamic growth markets in the country," Rodriguez said. "I am honored to join AEP Texas at a pivotal time in its history as the company's employees work to build the energy system of the future to seize the incredible opportunities ahead in our state. As a native Texan, I look forward to working alongside the AEP Texas team to create value for our communities and strengthen our relationships with stakeholders." Prior to joining Southwestern Public Service Company in 2022, Rodriguez served as senior vice president, Regulatory & Strategy, for Puget Sound Energy. Prior to Puget Sound, he held roles of increasing responsibility with El Paso Electric Company, including senior vice president, General Counsel, and interim chief executive officer and board director. Rodriguez has held various roles in private law practice, the federal court system, public policy and in the Texas legislature. Rodriguez received a bachelor's degree in economics and government from the University of Texas, a master's degree in public policy from Harvard University's Kennedy School of Government and a Juris Doctor from Columbia University. About AEP AEP is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com. 





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Original: AEP Names Adrian Rodriguez President and COO of AEP Texas

New Data Center Announced; SWEPCO Role Cited in Supporting Local Economic GrowthFebruary 23, 2026 3:45 PM
PR Newswire (US)

For more information visit SWEPCO.com/ready or the NLEP project site NLEP.org/AWSSHREVEPORT, La., Feb. 23, 2026 /PRNewswire/ -- Southwestern Electric Power Co. (SWEPCO) announced a new data center investment from Amazon that company leaders describe as the most significant economic development win Northwest Louisiana has seen in a generation. This investment brings new utility infrastructure upgrades that will deliver meaningful, long-term benefits for SWEPCO customers while also supporting Amazon's data center operations."When more companies invest here, the cost of the electric system is shared more widely, contributing to long-term rate stability for all customers," explained SWEPCO President and Chief Operating Officer Brett Mattison.Importantly, all costs associated with these new facilities will be fully covered by Amazon and will not be passed on to existing SWEPCO residential or business customers. Under the oversight of the Louisiana Public Service Commission, any project-specific improvements - including substations, transmission lines, or specialized equipment - will be funded by the customer. The infrastructure investments required to serve this project will strengthen the electric grid, enhance reliability, and help drive long-term growth and resilience for communities across Northwest Louisiana.Amazon's investment is expected to bring long-term economic growth, high-quality jobs, and substantial tax revenue for the communities SWEPCO serves. The project also brings grid upgrades that make power more reliable for everyone.  This new investment builds on years of work SWEPCO has already been doing to modernize and strengthen the electric grid. Through ongoing upgrades and reliability improvements, SWEPCO has focused on better serving customers today while helping ensure the communities it powers are competitive and ready to attract new businesses and jobs."Reliable, resilient energy is one of the most important factors companies evaluate when choosing where to invest, and SWEPCO's infrastructure work helps make the places we serve a stronger contender for major economic development opportunities," said Paul Pratt, Vice President, Customer Experience and New Business Development.To support this long-term, customer-first approach, SWEPCO has been making steady, targeted improvements across its system. Efforts include but are not limited to replacing aging infrastructure, expanding transmission capacity, installing smart meters to speed outage detection and restoration, and trimming vegetation to reduce service interruptions. Since 2025, SWEPCO crews have inspected more than 80,000 utility poles, replaced over 18,000, and trimmed nearly 1,300-line miles of trees - all part of a sustained effort to improve grid performance, enhance reliability, and support the region's readiness for growth."Companies like Amazon choose communities where they see real momentum, a talented workforce, and a utility partner ready to deliver world-class infrastructure. Northwest Louisiana offers all of that and more," Mattison added. "We are proud to welcome them to our region."SWEPCO's Mattison shared the stage Monday afternoon in Shreveport with Louisiana Governor Jeff Landry; Secretary of Louisiana Economic Development Susan Bourgeois; AWS Vice President Roger Wehner; Northwest Louisiana Economic Partnership President Justyn Dixon; STACK Infrastructure CEO Matt VanderZanden; Louisiana Public Service Commissioner Foster Campbell; Shreveport Mayor Tom Arceneaux; Caddo Parish Commission President Greg Young; and Bossier Police Jury President Tom Salzer as the Amazon investment was announced.STACK Infrastructure is helping Amazon power America's digital future by building large-scale, sustainable data-center campuses that support AI, cloud, and high-performance computing across the country. Mattison, who credited strong collaboration among state, regional and local partners, including the North Louisiana Economic Partnership, said the project comes at a time when rapidly expanding sectors such as artificial intelligence, cloud computing and advanced digital services require extremely reliable energy and robust grid infrastructure. "We are living through a once-in-a-generation technology and energy transformation," he said. "SWEPCO remains ready. Ready to serve. Ready to innovate. Ready to deliver." Since its founding in 1912, SWEPCO has partnered with public and private organizations to support projects that strengthen local economies. "This is what progress looks like - partners moving forward together, innovation fueling investment and reliable energy powering real economic growth," Mattison said. "We're proud to help power the future of this region." For media inquiries about power outages, local media matters, power plants, public safety, public policy, regulatory, environmental, and other statewide issues, please call our 24/7 media information line at 318.673.3060. For industry and corporate issues, please contact AEP's corporate media relations office at 614.716.1000About Southwestern Electric Power Company (SWEPCO)
Southwestern Electric Power Company (SWEPCO), headquartered in Shreveport, Louisiana, delivers safe, reliable, and affordable electricity to more than 500,000 customers in Arkansas, Louisiana, and Texas. SWEPCO is an American Electric Power (Nasdaq: AEP) company. Learn more at SWEPCO.com. Connect with us by following Facebook.com/SWEPCO, Twitter.com/SWEPCOnews, Instagram.com/swepco, Youtube.com/SWEPCOtv and LinkedIn.com/company/swepco. About American Electric Power (AEP)
American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com. 





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Original: New Data Center Announced; SWEPCO Role Cited in Supporting Local Economic Growth

Transource Energy and FirstEnergy Transmission Joint Venture Receive Approval for Major Electric Transmission Project in Central OhioFebruary 16, 2026 9:00 AM
PR Newswire (US)

Project will enhance grid capacity and reliability in the fast-growing greater Columbus regionCOLUMBUS, Ohio, Feb. 16, 2026 /PRNewswire/ -- Regional grid operator PJM Interconnection has selected a major electric transmission project to meet a critical infrastructure need in central Ohio. Jointly developed by Transource Energy, LLC (a partnership between American Electric Power Company, Inc and Evergy, Inc.) and FirstEnergy Transmission, LLC the project will help support rising electricity demand and ongoing economic growth in the fast-growing Columbus region.The companies jointly proposed the project through PJM's 2025 Regional Transmission Expansion Plan (RTEP) Open Window process last August and were today awarded approval by the PJM Board of Managers. PJM is the regional transmission organization that coordinates the transportation of wholesale electricity across the 13-state region that includes Ohio.The companies will jointly develop the project through the recently formed Grid Growth Ventures, LLC. This collaboration will leverage the companies' collective expertise and resources to deliver comprehensive and cost-effective solutions that address the region's growing power needs as more manufacturing facilities, data centers and electric vehicles come online.Reliable Power for Growing RegionThe proposed project includes approximately 300 miles of new 765-kilovolt (kV) lines and upgrades to several substations to significantly increase service reliability and economic growth opportunities in the region. One 765-kV line can power two million homes. Matching that output takes multiple lower voltage lines and a right of way nearly two football fields wider. By consolidating power in a single corridor, 765-kV lines cut land use in half to help reduce impacts on the local environment.Whether a resident, business owner or part of a growing community, the proposed transmission project is designed to deliver real benefits, including:More reliable service and faster restoration during outages.Enhanced infrastructure to attract new businesses of all sizes and support expansion of energy-intensive industries.A grid that's ready for tomorrow's energy needs.Improved access to an affordable power supply that helps keep energy costs stable for homes and businesses.Doug Cannon, President, AEP Transmission: "AEP has an unrivaled history in 765-kV transmission development. AEP has built and owns more extra-high voltage lines than any other company in the U.S. The project we're undertaking with FirstEnergy addresses the rapidly evolving energy demand we are seeing across the region and will enable us to continue providing reliable service to our customers and facilitate economic growth by making sure access to power is available."Mark Mroczynski, President, FirstEnergy Transmission: "Our transmission system is ideally situated at the center of regional growth, making it a powerful platform for economic development and energy reliability. Through Grid Growth, we're building the kind of energy infrastructure that powers future generations of new businesses, good jobs and vibrant communities."This strategic joint venture comes at a time when the Federal Energy Regulatory Commission is encouraging efficient and cost-effective regional transmission development. By working together, Transource and FirstEnergy Transmission are leveraging their strengths to deliver smarter solutions to meet the region's power capacity needs.About Transource EnergyTransource Energy is a partnership between American Electric Power (Nasdaq: AEP) and Evergy focused on the development and investment in competitive electric transmission projects across the U.S. AEP owns 86.5% of Transource. Evergy owns 13.5% of Transource.AEP is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.About FirstEnergy TransmissionFirstEnergy Transmission, jointly owned by FirstEnergy Corp. (NYSE: FE) and Brookfield Super-Core Infrastructure Partners, owns and operates American Transmission Systems, Inc. (ATSI), Mid-Atlantic Interstate Transmission, LLC (MAIT) and Trans-Allegheny Interstate Line Company (TrAILCo). FirstEnergy is one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at firstenergycorp.com and on X @FirstEnergyCorp. 





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Original: Transource Energy and FirstEnergy Transmission Joint Venture Receive Approval for Major Electric Transmission Project in Central Ohio

American Electric Power tops Q4 forecasts, sticks with 2026 profit targetsFebruary 12, 2026 10:29 AM
IH Market News
American Electric Power (NASDAQ:AEP) reported fourth-quarter 2025 operating earnings that beat Wall Street expectations and reiterated its outlook for 2026, sending shares modestly higher in premarket trading.The utility posted operating earnings of $1.19 per share for the quarter, ahead of analyst estimates of $1.14. Revenue climbed to $5.31 billion, comfortably above the $4.99 billion consensus forecast. Shares rose 0.77% ahead of the opening bell.While quarterly operating earnings were slightly below the $1.24 per share recorded a year earlier, full-year 2025 operating earnings improved to $5.97 per share, up from $5.62 in 2024.AEP reaffirmed its 2026 operating earnings guidance of $6.15 to $6.45 per share and maintained its long-term annual growth target of 7% to 9%.The company highlighted accelerating electricity demand, announcing that it has signed agreements for an additional 28 gigawatts of load since October. That brings total incremental demand expectations to 56 GW by 2030, opening the door to an estimated $5 billion to $8 billion in incremental investment opportunities beyond its existing $72 billion five-year capital plan.“We delivered an exceptional year in 2025, with strong financial performance enabling us to advance infrastructure investments that are driving sustained growth,” said Bill Fehrman, AEP chairman, president and CEO.“AEP is exceptionally well positioned for the future with the scale and discipline to execute large-scale infrastructure projects needed to meet unprecedented customer demand.”In the fourth quarter, retail electric sales in AEP’s Transmission & Distribution Utilities segment surged 18.3% year over year, led by a 39.6% jump in commercial sales. Retail sales in the Vertically Integrated Utilities segment rose 5.2%, supported by a 14.7% increase in commercial demand.The company also reiterated its focus on affordability, noting it has introduced new rate structures in several states requiring large-load customers to fund the infrastructure needed for grid connections.American Electric Power stock price

Original: American Electric Power tops Q4 forecasts, sticks with 2026 profit targets

AEP Reports Fourth Quarter and Full-Year 2025 Results, Reaffirms Long-Term Growth OutlookFebruary 12, 2026 6:57 AM
PR Newswire (US)

Full-year GAAP earnings of $6.70 per share and operating earnings of $5.97 per share56 GW of incremental load by 2030, up from 28 GW in October, all backed by signed agreementsOpportunities identified for $5 billion to $8 billion of incremental investment beyond AEP's $72 billion five-year capital plan2026 operating earnings guidance of $6.15 to $6.45 per share and long-term operating earnings growth rate of 7% to 9% reaffirmedCOLUMBUS, Ohio, Feb. 12, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today reported fourth-quarter 2025 GAAP earnings of $582 million or $1.09 per share, compared with GAAP earnings of $664 million or $1.25 per share in fourth-quarter 2024. Operating earnings for fourth-quarter 2025 were $638 million or $1.19 per share, compared with operating earnings of $660 million or $1.24 per share in fourth-quarter 2024.Year-end 2025 GAAP earnings were $3.58 billion or $6.70 per share, compared with GAAP earnings of $2.97 billion or $5.60 per share for year-end 2024. Year-end 2025 operating earnings were $3.19 billion or $5.97 per share, compared with operating earnings of $2.98 billion or $5.62 per share for year-end 2024. See the detailed GAAP to operating earnings reconciliation at the end of this press release.AEP reaffirmed its 2026 operating earnings outlook of $6.15 to $6.45 per share and its long-term operating earnings growth rate of 7% to 9%. These results reflect AEP's continued focus on developing essential infrastructure while maintaining affordability for customers."We delivered an exceptional year in 2025, with strong financial performance enabling us to advance infrastructure investments that are driving sustained growth," said Bill Fehrman, AEP chairman, president and chief executive officer. "AEP is exceptionally well positioned for the future with the scale and discipline to execute large-scale infrastructure projects needed to meet unprecedented customer demand in some of the highest-growth regions in the country. We remain committed to making investments that deliver long-term value while helping keep rates affordable for our customers."Generational Load Growth Drives InvestmentAEP continues to expand its large load customer base, with signed agreements for an additional 28 gigawatts (GW) of load since last October, bringing the incremental demand to 56 GW of new load by 2030. This incremental load has doubled since October, underscoring the confidence customers have in AEP to deliver complex projects throughout its service area. Load in AEP Texas alone has increased from 13 GW to 36 GW all backed by signed letters of agreement with well-capitalized hyperscalers and mega-sized data center developers. AEP is committed to building the necessary transmission and distribution infrastructure in Texas and is partnering with ERCOT to bring these large loads online in a timely manner and within the regulatory construct. The implementation of Texas Senate Bill 6 is expected to provide additional clarity and certainty on the timing of when these new loads will interconnect.Additional opportunities are expanding the company's current $72 billion five-year capital plan. AEP has identified $5 billion to $8 billion in additional transmission and generation projects. These include competitively awarded 765–kilovolt (kV) transmission projects selected by multiple regional transmission organizations, both inside and outside AEP's service territory. AEP was proactive in securing Bloom Energy fuel cells which has positioned the company very well to pursue early development of a generation facility project in Wyoming, backed by $2.65 billion in fuel cell purchase commitments. The investments needed to serve the additional 28 GW of load in the updated demand forecast are not included in the current capital plan or the $5 billion to $8 billion of additional investment.AEP is also advancing multiple generation solutions to support incremental load growth. In 2025, AEP's operating companies acquired 2.2 GW of new generation resources which provide immediate access to needed generation in high-growth regions. Additionally, AEP has secured over 10 GW of gas turbine capacity from major manufacturers, as well as strategic partnership agreements that support AEP's industry-leading 765-kV development capabilities, enabling the company to connect new load to the grid.In conjunction with strong financial performance, the company continues to manage its balance sheet with discipline and strength allowing for continued execution around this unprecedented growth.Sustained Focus on Customer AffordabilityAEP supports federal and state calls for action to ensure that costs for providing service to new large load customers are fairly allocated. The company has led the way in working with stakeholders to protect customers from these cost impacts.In 2025, new rate structures were approved for AEP's operating companies in Indiana, Ohio, Kentucky and West Virginia, requiring large load customers to pay for the new infrastructure needed to connect to the grid. Similar proposals are under review in Michigan, Oklahoma, Virginia and SWEPCO's Texas service territory."AEP's approach to large load customers is serving as a model for the industry," Fehrman said. "Nearly two years ago, AEP proposed a first-of-its-kind rate structure to address the costs of connecting large customers to the grid. This approach is being adopted in states across the country. Through federal loans, state grants, innovative rate designs and direct bill assistance, we are working to limit bill impacts while continuing to invest in the system. In addition to delivering safe and reliable power, we remain focused on affordability and protecting residential customers from increased costs."Regulatory and Legislative ProgressAEP continues to make meaningful progress across its regulated jurisdictions, improving outcomes for customers while supporting long-term investment. Base rate cases have been approved or settled in Arkansas, Kentucky, Ohio and West Virginia. The company also achieved constructive legislative outcomes that are helping to reduce regulatory lag in Ohio, Oklahoma and Texas."AEP is making investments that we believe will benefit customers for decades to come. I have challenged and empowered our team to continue focusing on improved service for our customers. We are proud of what we accomplished in 2025, and we are committed to delivering value for our stakeholders," Fehrman concluded.
AMERICAN ELECTRIC POWER
Preliminary, unaudited results



Fourth Quarter ended December 31
Year-to-date ended December 31


20242025Variance
20242025VarianceRevenue ($ in millions):4,6965,314618
19,72121,8762,155Earnings ($ in millions):








GAAP664582(82)
2,9673,580613

Operating (non-GAAP)                                            660638(22)
2,9783,190212









EPS ($):










GAAP1.251.09(0.16)
5.606.701.10

Operating (non-GAAP)1.241.19(0.05)
5.625.970.35
?     EPS based on 536 million weighted shares 4Q 2025, 533 million weighted shares 4Q 2024, 535 million weighted shares YTD 2025 and 530
million weighted shares YTD 2024.
 
SUMMARY OF RESULTS BY SEGMENT
$ in millionsGAAP Earnings     4Q 24      4Q 25      Variance      YTD 24      YTD 25      VarianceVertically Integrated Utilities (a)255270151,4531,605152Transmission & Distribution Utilities (b)183160(23)72681690AEP Transmission Holdco (c)166148(18)7901,161371Generation & Marketing (d)637815289287(2)All Other(3)(74)(71)(291)(289)2        Total GAAP Earnings (Loss)664582(82)2,9673,580613






Operating Earnings (non-GAAP)4Q 244Q 25VarianceYTD 24YTD 25VarianceVertically Integrated Utilities (a)276293171,3931,513120Transmission & Distribution Utilities (b)191185(6)80286058AEP Transmission Holdco (c)166148(18)7988079Generation & Marketing (d)30865625630347All Other(3)(74)(71)(271)(293)(22)        Total Operating Earnings (non-GAAP)660638(22)2,9783,190212
A full reconciliation of GAAP earnings with operating earnings is included in tables at the end of this news release.
     a. Includes AEP Generating Co., Appalachian Power, Indiana Michigan Power, Kentucky Power, Kingsport Power, Public Service Co. of
Oklahoma, Southwestern Electric Power and Wheeling Power     b. Includes Ohio Power and AEP Texas     c. Includes transmission-only subsidiaries and transmission-only joint ventures     d. Includes marketing, risk management and retail activities in ERCOT, MISO, PJM and SPP, and competitive generation in PJMEARNINGS GUIDANCE AEP management reaffirms its 2026 operating earnings guidance range of $6.15 to $6.45 per share. Operating earnings could differ from GAAP earnings for matters such as mark-to-market adjustments, divestitures, impairments or changes in accounting principles.  AEP management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods.  Therefore, AEP is not able to provide a corresponding GAAP equivalent for earnings guidance.WEBCASTAEP's quarterly discussion with financial analysts and investors will be broadcast live over the internet at 9 a.m. Eastern today at http://www.aep.com/webcasts. The webcast will include audio of the discussion and visuals of charts and graphics referred to by AEP management. The charts and graphics will be available for download at http://www.aep.com/webcasts.AEP's earnings are prepared in accordance with accounting principles generally accepted in the United States and represent the company's earnings as reported to the Securities and Exchange Commission. The company's operating earnings, a non-GAAP measure representing GAAP earnings excluding specific items as described in the news release and charts, provide another representation for investors to evaluate the performance of the company's ongoing business activities. AEP uses operating earnings as the primary performance measurement when communicating with analysts and investors regarding its earnings outlook and results. The company uses operating earnings data internally to measure performance against budget, to report to AEP's Board of Directors and also as an input in determining performance-based compensation under the company's employee incentive compensation plans.ABOUT AEPAmerican Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We expect to invest $72 billion from 2026 through 2030 to enhance service for customers and support the growing energy needs of our communities. Our nearly 17,000 employees operate and maintain the nation's largest electric transmission system with approximately 40,000 line miles, along with more than 252,000 miles of distribution lines to deliver energy to 5.6 million customers in 11 states. AEP also is one of the nation's largest electricity producers with approximately 31,000 megawatts of diverse owned and contracted generating capacity. We are focused on safety and operational excellence, creating value for our stakeholders and bringing opportunity to our service territory through economic development and community engagement. Our family of companies includes AEP Ohio, AEP Texas, Appalachian Power (in Virginia, West Virginia and Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide. AEP is headquartered in Columbus, Ohio. For more information, visit aep.com.WEBSITE DISCLOSUREAEP may use its website as a distribution channel for material company information. Financial and other important information regarding AEP is routinely posted on and accessible through AEP's website at https://www.aep.com/investors/. In addition, you may automatically receive email alerts and other information about AEP when you enroll your email address by visiting the "Email Alerts" section at https://www.aep.com/investors/.FORWARD-LOOKING INFORMATIONThis report made by the Registrants contains forward-looking statements, and for the Registrants other than Parent, this report contains forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements in this document are presented as of the date of this document. Except to the extent required by applicable law, management undertakes no obligation to update or revise any forward-looking statement. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are: changes in economic conditions, electric market demand and demographic patterns in AEP service territories; the economic impact of increased global conflicts and trade tensions, and the adoption or expansion of economic sanctions, tariffs, trade restrictions or changes in trade policy; inflationary or deflationary interest rate trends; new legislation or regulation adopted in the states in which we operate or federal legislation or regulation adopted that alters the regulatory framework or that prevents the timely recovery of costs and investments; volatility and disruptions in financial markets precipitated by any cause, including fiscal and monetary policy or instability in the banking industry; particularly developments affecting the availability or cost of capital to finance new capital projects and refinance existing debt; the availability and cost of funds to finance working capital and capital needs, particularly (a) if expected sources of capital such as proceeds from the sale of tax credits and anticipated securitizations do not materialize or do not materialize at the level anticipated, and (b) during periods when the time lag between incurring costs and recovery is long and the costs are material; changing demand for electricity, including large load contractual commitments; the risks and uncertainties associated with wildfires, including damages caused by wildfires, the extent of each Registrant's liability in connection with wildfires, investigations and outcomes associated with legal proceedings, demands or similar actions, inability to recover wildfire costs through insurance or through rates and the impact on financial condition and the reputation of each Registrant; the impact of extreme weather conditions, natural disasters and catastrophic events such as storms, hurricanes, wildfires and drought conditions that pose significant risks including potential litigation and the inability to recover significant damages and restoration costs incurred; limitations or restrictions on the amounts and types of insurance available to cover losses that might arise in connection with natural disasters, wildfires or operations; the cost of fuel and its transportation, the creditworthiness and performance of parties who supply and transport fuel and the cost of storing and disposing of used fuel, including coal ash and SNF; the availability of fuel and necessary generation capacity and the performance of generation plants; the ability to recover fuel and other energy costs through regulated or competitive electric rates; the ability to build or acquire generation (including from renewable sources and battery storage), transmission lines and facilities (including the ability to obtain any necessary regulatory approvals and permits) to meet the demand for electricity at acceptable prices and terms, including favorable tax treatment, cost caps imposed by regulators and other operational commitments to regulatory commissions and customers for generation projects, to recover all related costs and to earn a reasonable return; the disruption of AEP's business operations due to impacts of economic or market conditions, costs of compliance with potential government regulations, electricity usage, supply chain issues, customers, service providers, vendors and suppliers caused by natural disasters or other events; construction and development risks associated with the completion of the 2026-2030 capital investment plan, including shortages or delays in labor, materials, equipment or parts; prolonged or recurring U.S. federal government shutdowns could adversely affect AEP's operations, regulatory approvals, and financial performance and could cause volatility in the capital markets which may interrupt our access to capital; new legislation, litigation or government regulation, including changes to tax laws and regulations, oversight of nuclear generation, evolving environmental standards, energy commodity trading and new or modified requirements related to emissions of sulfur, nitrogen, mercury, carbon, soot or PM and other substances that could impact the continued operation, cost recovery and/or profitability of generation plants and related assets; the impact of tax legislation or associated Department of Treasury guidance, including potential changes to existing tax incentives, on capital plans, results of operations, financial condition, cash flows or credit ratings; the risks before, during and after generation of electricity associated with the fuels used or the by-products and wastes of such fuels, including coal ash and SNF; timing and resolution of pending and future rate cases, negotiations and other regulatory decisions, including rate or other recovery of new investments in generation, distribution and transmission service and environmental compliance; resolution of litigation or regulatory proceedings or investigations; the ability to efficiently manage and recover operation, maintenance and development project costs; prices and demand for power generated and sold in wholesale markets; changes in technology, including new, developing, alternative or distributed sources of generation and energy storage; the ability to recover through rates any remaining unrecovered investment in generation units that may be retired before the end of their previously projected useful lives; volatility and changes in markets for coal and other energy-related commodities, particularly changes in the price of natural gas; the impact of changing expectations and demands of customers, regulators, investors and stakeholders, including development, adoption, and use of AI by us, our customers and our third party vendors and evolving expectations related to sustainability; customer affordability concerns may impact regulatory recovery outcomes and future rate design; changes in utility regulation and the allocation of costs within RTOs including ERCOT, PJM and SPP and the impacts of potential market changes in PJM; changes in the creditworthiness of the counterparties with contractual arrangements, including participants in the energy trading market; actions of rating agencies, including changes in issuer ratings impacting the cost of debt; the impact of volatility in the capital markets on the value of the investments held by the pension, OPEB and nuclear decommissioning trust funds and a captive insurance entity and the impact of such volatility on future funding requirements; accounting standards periodically issued by accounting standard-setting bodies; the ability to defend against cybersecurity threats; other risks and unforeseen events, including wars and military conflicts, the effects of terrorism (including increased security costs), embargoes, labor strikes impacting material supply chains, global information technology disruptions and other catastrophic events; and the ability to attract and retain the requisite work force and key personnel, including senior management.American Electric Power















Financial Results for the Fourth Quarter of 2025Reconciliation of GAAP to Operating Earnings (non-GAAP)



2025


Vertically
Integrated
Utilities
Transmission
& Distribution
Utilities
AEP
Transmission
Holdco
Generation
&
Marketing
Corporate
and Other
Total 
EPS (a)


($ millions)
















GAAP Earnings (Loss)
270
160
148
78
(74)
582
$        1.09















Adjustments to GAAP Earnings(b) 













Mark-to-Market Impact of
     Commodity Hedging Activities(c)(4)
—
—
8
—
4
—
Impairment of Software
     Development Costs(d)27
25
—
—
—
52
0.10    Total Adjustments
23
25
—
8
—
56
$        0.10















Operating Earnings (Loss)  
     (non-GAAP)
293
185
148
86
(74)
638
$        1.19
















     (a) Per share amounts are divided by Weighted Average Common Shares Outstanding – Basic     (b) Excluding tax related adjustments, all items presented in the table are tax adjusted at the statutory rate unless otherwise noted     (c) Represents the impact of mark-to-market economic hedging activities     (d) Represents an impairment of in-process internal use software development costs Financial Results for the Fourth Quarter of 2024Reconciliation of GAAP to Operating Earnings (non-GAAP)


















2024


Vertically
Integrated
Utilities
Transmission
& Distribution
Utilities
AEP
Transmission
Holdco
Generation
&
Marketing
Corporate
and Other
Total 
EPS (a)


($ millions)

















GAAP Earnings (Loss)
255
183
166
63
(3)
664
$        1.25















Adjustments to GAAP Earnings(b)













Mark-to-Market Impact of
     Commodity Hedging Activities(c)1
—
—
(34)
—
(33)
(0.06)
Provision for Refund - Turk Plant(d)(10)
—
—
—
—
(10)
(0.02)
State Tax Law Changes(e)11
—
—
—
—
11
0.02
Severance and Pension Settlement
     Charges(f)19
8
—
1
—
28
0.05    Total Adjustments
21
8
—
(33)
—
(4)
$       (0.01)















Operating Earnings (Loss)
     (non-GAAP)
276
191
166
30
(3)
660
$        1.24














     (a) Per share amounts are divided by Weighted Average Common Shares Outstanding – Basic     (b) Excluding tax related adjustments, all items presented in the table are tax adjusted at the statutory rate unless otherwise noted     (c) Represents the impact of mark-to-market economic hedging activities     (d) Represents a provision for revenue refunds on certain capitalized costs associated with the Turk Plant     (e) Represents the impact of the remeasurement of ADIT as a result of enacted state tax legislation in Arkansas and Louisiana     (f) Represents employee severance charges and pension settlement expenses American Electric PowerSummary of Selected Sales DataRegulated Connected Load









     Three Months Ended December 31     ENERGY & DELIVERY SUMMARY
2024
2025
Change






Vertically Integrated Utilities





Retail Electric (in millions of KWh):





   Residential
6,834
7,226
5.7 %   Commercial
5,884
6,747
14.7 %   Industrial
8,450
8,323
(1.5) %   Miscellaneous
553
556
0.5 %   Total Retail
21,721
22,852
5.2 %






   Wholesale Electric (in millions of KWh): (a)                    
3,636
3,588
(1.3) %






   Total KWhs
25,357
26,440
4.3 %






Transmission & Distribution Utilities





Retail Electric (in millions of KWh):





   Residential
5,703
5,871
2.9 %   Commercial
9,276
12,947
39.6 %   Industrial
7,005
7,207
2.9 %   Miscellaneous
169
175
3.6 %   Total Retail (b)
22,153
26,200
18.3 %






   Wholesale Electric (in millions of KWh): (a)
667
567
(15.0) %






   Total KWhs
22,820
26,767
17.3 %

(a) Includes off-system sales, municipalities and cooperatives, unit power and other wholesale customers(b) Represents energy delivered to distribution customers American Electric Power















Financial Results for Year-to-Date 2025Reconciliation of GAAP to Operating Earnings (non-GAAP)


















2025


Vertically
Integrated
Utilities
Transmission
& Distribution
Utilities
AEP
Transmission
Holdco
Generation
&
Marketing
Corporate
and Other
Total 
EPS (a)


($ millions)

















GAAP Earnings (Loss)
1,605
816
1,161
287
(289)
3,580
$        6.70















Adjustments to GAAP Earnings(b)













Mark-to-Market Impact of
     Commodity Hedging Activities(c)7
—
—
2
—
9
0.01
Sale of AEP OnSite Partners(d)—
—
—
14
(4)
10
0.02
Impact of Ohio Legislation(e)—
19
—
—
—
19
0.04
FERC NOLC Order(f) (126)
—
(354)
—
—
(480)
(0.90)
Impairment of Software
     Development Costs(g)27
25
—
—
—
52
0.10    Total Adjustments
(92)
44
(354)
16
(4)
(390)
(0.73)















Operating Earnings (Loss)
     (non-GAAP)
1,513
860
807
303
(293)
3,190
$        5.97















     (a) Per share amounts are divided by Weighted Average Common Shares Outstanding – Basic     (b) Excluding tax related adjustments, all items presented in the table are tax adjusted at the statutory rate unless otherwise noted     (c) Represents the impact of mark-to-market economic hedging activities     (d) Represents an adjustment to the estimated loss on the sale of AEP OnSite Partners as a result of the contractual working capital
true-up     (e) Represents the reduction in regulatory assets for OVEC-related purchased power costs as a result of approved legislation in Ohio
in April 2025     (f) Represents the impact of the FERC NOLC Order for years 2021-2024     (g) Represents an impairment of in-process internal use software development costs Financial Results for Year-to-Date 2024Reconciliation of GAAP to Operating Earnings (non-GAAP)


















2024


Vertically
Integrated
Utilities
Transmission
& Distribution
Utilities
AEP
Transmission
Holdco
Generation
&
Marketing
Corporate
and Other
Total  
EPS (a)


($ millions)

















GAAP Earnings (Loss)
1,453
726
790
289
(291)
2,967
$        5.60















Adjustments to GAAP Earnings(b)













Mark-to-Market Impact of
     Commodity Hedging Activities(c)19
—
—
(104)
—
(85)
(0.17)
Remeasurement of Excess ADIT
     Regulatory Liability(d)(45)
—
—
—
—
(45)
(0.08)
Impact of NOLC on Retail
     Ratemaking(e)(260)
—
—
—
—
(260)
(0.49)
Disallowance - Dolet Hills
     Power Station(f)11
—
—
—
—
11
0.02
Provision for Refund - Turk Plant(g)117
—
—
—
—
117
0.22
Sale of AEP OnSite Partners(h)—
—
—
11
—
11
0.02
Federal EPA Coal Combustion
     Residuals Rule(i)11
41
—
59
—
111
0.21
SEC Matter Loss Contingency(j)—
—
—
—
19
19
0.04
State Tax Law Changes(k)11
—
—
—
—
11
0.02
Severance and Pension Settlement
     Charges(l)76
35
8
1
1
121
0.23Total Adjustments
(60)
76
8
(33)
20
11
$        0.02















Operating Earnings (Loss)
     (non-GAAP)
1,393
802
798
256
(271)
2,978
$        5.62














      (a) 
Per share amounts are divided by Weighted Average Common Shares Outstanding – Basic      (b) 
Excluding tax related adjustments, all items presented in the table are tax adjusted at the statutory rate unless otherwise noted      (c) 
Represents the impact of mark-to-market economic hedging activities      (d) 
Represents the impact of the remeasurement of Excess ADIT in Arkansas and Michigan as a result of the denial of SWEPCo's
request regarding the Turk Plant by the APSC and the approved treatment of stand-alone NOLCs by the MPSC      (e) 
Represents the impact of receiving IRS PLRs related to NOLCs in retail ratemaking on I&M, PSO and SWEPCo.  Amount includes
a reduction in Excess ADIT and activity related to prior periods      (f) 
Represents the impact of a disallowance recorded at SWEPCo on the remaining net book value of the Dolet Hills Power Station as
a result of an LPSC approved settlement agreement in April 2024      (g) 
Represents a provision for revenue refunds on certain capitalized costs associated with the Turk Plant      (h) 
Represents the loss on the sale of AEP OnSite Partners      (i) 
Represents the impact of the Federal EPA Revised Coal Combustion Residuals Rule      (j) 
Represents an estimated loss contingency related to a previously disclosed SEC investigation      (k) 
Represents the impact of the remeasurement of ADIT as a result of enacted state tax legislation in Arkansas and Louisiana      (l) 
Represents employee severance charges and pension settlement expenses American Electric PowerSummary of Selected Sales DataRegulated Connected Load









     Twelve Months Ended December 31     ENERGY & DELIVERY SUMMARY
2024
2025
Change






Vertically Integrated Utilities





Retail Electric (in millions of KWh):





   Residential
31,025
31,844
2.6 %   Commercial
24,647
26,295
6.7 %   Industrial
34,013
33,571
(1.3) %   Miscellaneous
2,271
2,257
(0.6) %   Total Retail
91,956
93,967
2.2 %






   Wholesale Electric (in millions of KWh): (a)                    
14,523
16,039
10.4 %






   Total KWhs
106,479
110,006
3.3 %






Transmission & Distribution Utilities





Retail Electric (in millions of KWh):





   Residential
26,782
27,437
2.4 %   Commercial
36,147
46,187
27.8 %   Industrial
27,368
28,020
2.4 %   Miscellaneous
742
728
(1.9) %   Total Retail (b)
91,039
102,372
12.4 %






   Wholesale Electric (in millions of KWh): (a)
2,014
2,250
11.7 %






   Total KWhs
93,053
104,622
12.4 %
(a) Includes off-system sales, municipalities and cooperatives, unit power and other wholesale customers(b) Represents energy delivered to distribution customers 





View original content to download multimedia:https://www.prnewswire.com/news-releases/aep-reports-fourth-quarter-and-full-year-2025-results-reaffirms-long-term-growth-outlook-302686335.htmlSOURCE American Electric Power

Original: AEP Reports Fourth Quarter and Full-Year 2025 Results, Reaffirms Long-Term Growth Outlook

114 slow and steady

Load zone under 100

Boring but good

Closing in on 104

Up another 1% almost today

Hit high of 103 today

This is a great company

98.03 LOD

Only Small pullbacks 104 back to sub 100
97 area

I want a pull back to add might get it as Divy players might sell after X day

91 and Divy coming

It will need to test 86 resist and break then that should get us to 100

It will need to test 86 resist and break then that should get us to 100

77.51 low tested after testing MA 78s now and starting to climb up

Maybe time for you to look here again ..

This stock is going to be big in 2024 and still under 80

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Got this from AEP - Money for Nothing: Should Investors Get Excited About ... a Utility?

News: $AEP AEP Selected For 2019 Bloomberg Gender-Equality Index

COLUMBUS, Ohio , Jan. 16, 2019 /PRNewswire/ -- American Electric Power (NYSE: AEP) is among 230 companies included in the 2019 Bloomberg Gender-Equality Index (GEI), which recognizes companies who are trailblazers in their commitment to gender reporting and advancing women's equality...

Read the whole news https://marketwirenews.com/news-releases/aep-selected-for-2019-bloomberg-gender-equality-index-6925622.html

News: $AEP AEP Named One Of America's Best Employers For Diversity 2019 By Forbes

COLUMBUS, Ohio , Jan. 15, 2019 /PRNewswire/ -- American Electric Power (NYSE: AEP) has been named to Forbes magazine's America's Best Employers for Diversity 2019 list. The list was developed based on an independent survey from a sample of more than 50,000 U.S.-based employees. The su...

Read the whole news https://marketwirenews.com/news-releases/aep-named-one-of-america-s-best-employers-for-diversity-2019-by-forbes-6853674.html

just contacted Security lawyer and waiting for call
I invested on W2 Energy inc. in 2014 stock symbol WTWO
total amount of $8800 plus 70 for reverse split charge from etrade

he is thistle blow Security attorneys

https://www.baumhedlundlaw.com/

attorney fee will be paid from recovery fund
waiting for a call if he wants to take the case
I know Frank, Linda and Raymond wants to get their money back I will email all three after if I get return call from attorney
let's send Michael Mclaren to Prison

Potential huge liabilty for AEP. Many property owners have been harmed by the actions of AEP.
From the Unanimous Decision attached ...
DIANA GRIBBON MOTZ, US 4th Circuit Judge wrote:
"Landowners brought this action in state court seeking a declaration of their rights to build a dock on property subject to a flowage easement. After the power company, which owns the easement, removed the case to federal court, the landowners sought to remand the case to state court. The district court denied the motion to remand and then dismissed the landowners’ complaint. Because the district court lacked subject matter jurisdiction, we must vacate and remand."
Over the next few days CURB will furnish more analysis and discuss the impact of this decision upon Smith Mountain Lake landowners, businesses, local organizations, and local governments.
Bottomline: (1) APCO can no longer fabricate federal jurisdiction to drag private property owners to federal court for violation of the Federal Power Act, Shoreline Management Plan or its Federal License; (2) APCO has no federal right to demand that property owners apply for permits; (3) Permits that APCO issued may be invalid, since those permits claimed APCO held federal authority under their license to regulate private property; (4) Virginia state court will eventually determine Pressls' rights under the flowage easement and APCO will be forced to prove how anyone's dock prevents APCO from flooding and operating the dam and associated power station.
CURB Does Not Provide Legal Advice.
For Our Property Rights,
Bill Brush

Cut Unnecessary Regulatory Burden, Inc.
To protect the legal rights of property and business owners impacted by overreaching and unnecessary federal regulation of federally licensed hydro-projects.
CURB-FERC-AEP.COM

American Electric Power has little Margin of Safety at current prices. Will be watching for what company reports on earnings tomorrow


analysis

American Electric Power (NYSE:AEP): Q3 EPS of $1.06 beats by $0.05.

Revenue of $4.4B (+4.8% Y/Y) misses by $20M.

American Electric Power (NYSE:AEP) agrees to sell its AEP River Operations commercial barge transportation subsidiary to American Commercial Lines, owned by Platinum Equity, for ~$550M.

AEP River Operations delivers ~45M tons of products annually, including 10M tons of coal.

AEP plans to retain ownership of its captive barge fleet that delivers coal to its regulated coal-fueled power plants owned by Appalachian Power, Kentucky Power and Indiana Michigan Power.

American Electric Power (AEP +0.4%) says 7,209 MW of the its unregulated generation fleet in the PJM Interconnection cleared the capacity auction for the 2018-19 delivery year at $164.77/MW-day, representing all the capacity it bid into the auction.

$AEP broke up TL, but has another one, along with nice support at 59. See chart: http://stks.co/p1RQQ

New high.....

Yep, AEP is a good steady earner as with most utilities. I gave you a mark as well Mike.

Regards,
Dan

Agree, 'nWo,' & that's why AEP is one of the few good yield dividend paying stocks I own and added to, over the last several years. All those MB's are indeed "dead," and not fun to follow. It's why, although I check them now and then, I almost never post on any of them.

The fun (call it human drama, ignorance, silly claims, obvious P&D's, you name it) is in the ever changing sentiment inside the penny MB's. Pennies are not only a good critical thinking exercise, but following them one is never getting bored, nor out of shape. They give an educated mind the motivation to keep up with the many new developments, discover the many frauds associated with most of them, and see some of them grow exponentially. It's why I always have quite a few penny stocks, hand-picked mostly from what I call "good value penny bottoms," which thereafter, in my portfolio, usually become mid- or long-term.

Mike

ihub is mainly for penny stocks and sub penny stocks, thats why many big board stocks are dead, but yes AEP is a great longterm company. I have been reinvesting my dividends since I first bought back in 2011 and my cost average is under 35, in that time too they have increased the dividend twice, and there is no reason not think going forward come the end of the year or so they wont increase it again.

Very quite in the AEP MB. I wonder why, after today's good Divi news ...

Mike

AEP new 52 week high today, reached over 49.

based on what?

Here's The Preview IMO...

This AEP Chart Looks Like Blood-Bath Is Coming Here...