American Electric Power — Nov 6, 2024 release

3 2024 EPS Guidance Reconciliation Estimated EPS on a GAAP basis $5.55 to $5.65 Mark-to-market impact of commodity hedging activities (0.09) Remeasurement of Excess ADIT Regulatory Liability (0.09) Impact of NOLC on Retail Rate Making (0.50) Disallowance - Dolet Hills Power Station 0.02 Provision for Refund - Turk Plant 0.24 Sale of AEP OnSite Partners 0.02 Severance Charges 0.18 Federal EPA Coal Combustion Residuals Rule 0.21 SEC Matter Loss Contingency 0.04 Operating EPS Guidance $5.58 to $5.68 WEBCAST AEP’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 special 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