• AEP launched registered underwritten public offering of USD 2.6 billion of common stock with forward sale agreements tied to shares borrowed by forward counterparties for sale in offering.
• Forward sale agreements expected with Bank of America, Goldman Sachs, Morgan Stanley, set to settle on or before May 31, 2028; AEP can choose physical, cash, or net share settlement.
• Underwriters hold 30-day option to buy up to additional USD 390 million of common stock on same terms, which would add matching forward sale agreements.
• Proceeds from any physical settlement earmarked for general corporate purposes, including utility subsidiary capital contributions, acquisitions, or debt repayment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AEP - American Electric Power Company Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL57979) on May 12, 2026, and is solely responsible for the information contained therein.