American Electric Power Company (AEP) investor relations material

Opening remarks and agenda

• The meeting was called to order by the Chair, with all board members and key executives present virtually.

• The agenda included formal business, management presentations, and a Q&A session for shareholders.

• Shareholders were informed about the process for submitting questions and voting.

Board and executive committee updates

• The board emphasized a focus on disciplined investment in core businesses under a $72 billion capital plan.

• Priorities include limiting residential rate increases to 3.5% annually and fostering a shared culture.

• Leadership is organized around customer needs, strengthening execution and regulatory relationships.

Financial performance review

• Operating earnings for 2025 reached $5.97, exceeding full-year guidance.

• Share price increased 25% in 2025, with a total shareholder return of 29%.

• The company reaffirmed a 7%-9% long-term growth rate.