American Electric Power — Nov 6, 2024 release

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 2024 earnings guidance. Reflecting special items recorded through the third quarter, the estimated earnings per share on a GAAP basis would be $5.55 to $5.65 per share. See the table below for a full reconciliation of 2024 earnings guidance. 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 measu