American Electric Power — May 5, 2026 release

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 Progress As 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,