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American Electric Power | 2024 JP Morgan Energy, Power and Renewables Conference | Darcy Reese; Annie Pribisko | Page 1 of 11 | September 11, 2026

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J.P. Morgan Energy, Power and Renewables Conference 1 “Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995 Darcy Reese, Vice President Investor Relations 614-716-2614 dlreese@aep.com Annie Pribisko, Director Investor Relations 614-716-2646 acpribisko@aep.com This presentation contains forward-looking statements wit hin the meaning of Section 21E of the Securities Exchang e Act of 1934. Although AEP and each of its Registrant Subsidiaries believe that their expectat ions are based on reasonable assumptions, any such statement s may be influenced by factors that could cause actual outcomes and results to be materially di fferent from those projected. Among the factors that co uld cause actual results to differ materially from those in the forward-looking statemen ts are: changes in economic conditions, electric market dema nd and demographic patterns in AEP service territories, the impact of pandemicsand any associat ed disruption of AEP’s business operations due to impacts o n economic or market conditions, costs of compliance with potential government regulations and employees’ reactions to those regulations, electricity usage, supply chain issues, customers, service providers, vendors and suppliers, the economic impact o f escalating global trade tensions including the conflict betweenRussia and Ukraine, and the adoption or expansion of economic sanctions or trade restri ctions, inflationary or deflationary interest rate tre nds, volatilityin the financial markets, particularly developments affecting the availability or cost of capital to finance new capital projects and refina nce existing debt, the availability and cost of funds to finance working capital and capital needs, part icularly (i) if expected sources of capital, such as proceeds f rom the sale of assets or subsidiaries, do not materialize, and (ii) during periods when the ti me lag between incurring costs and recovery is long and th e costs are material, decreased demand for electricity, weather conditions, including storms and drou ght conditions, and the ability to recover significant sto rm restoration costs, the cost of fuel and its transportation, the creditworthiness and performance of fuel suppliers and transporters and the cost of storing an d disposingof used fuel, including coal ash and spent nuclear fuel, the availability of fuel and n ecessary generation capacity and performance of generatio n plants, the ability to recover fuel and other energy costs through regulated or competitive electric rat es, the ability to transition from fossil generation an d the ability to build or acquire renewable generation, transmission lines and facilities (including t he ability to obtain any necessary regulatory approvals and permits) when needed at acceptable prices and terms, including favorable tax treatment, and to recover those costs, new legislation, litigation and go vernment regulation, including changes to tax laws and regulations, oversight of nuclear generation , energy commodity trading and new or heightened req uirements for reduced emissions of sulfur, nitrogen, mercury, carbon, soot or particulate matter a nd other substances that could impact the continued operat ion, cost recovery and/or profitability of generation plants and related assets, the impact of fede ral tax legislation on results of operations, financial co ndition, cash flows or credit ratings, the risks before, during and after generation of electricity asso ciated with the fuels used or the byproducts and wastes of such fuels, including coal ash and spent nuclear fuel, timing and resolution of pending and fu ture rate cases, negotiations and other regulatory decisi ons, including rate or other recovery of new investments in generation, distribution and transmission se rvice and environmental compliance, resolution of litigat ion, the ability to constrain operation and maintenance costs, prices and demand for power generated and sold at wholesale, changes in technology, particularl y with respectto energy storage and new, developing, alternative or distributed sources of ge neration, the ability to recover through rates any rem aining unrecovered investment in generation units that may be retired before the end of their pr eviously projected useful lives, volatility and changes in m arkets for coal and other energy-related commodities, particularly changes in the price of natural gas, changes in utility regulation and the allocation of costs within regional transmission organizations, including ERCOT, PJM and SPP, changes in the creditworthiness of the counterparties with contractua l arrangements, including participants in the energy trading market, actions of rating agenci es, including changes in the ratings of debt, the impact of volatility in the capital markets on the value of the investments held by the pension, other postretiremen t benefit plans, captive insurance entity and nuclear deco mmissioningtrust and the impact of such volatility on future funding requirements, accounting st andards periodically issued by accounting standard-setting bodies, and other risks and unforeseen events, including wars and military conflicts, the effects o f terrorism (including increased security costs), embargoes, naturally occurring and human-caused fires, cyber security threats and other catastrophic events, the ability to attract and retain requisite work force and key personnel. J.P. Morgan Energy, Power and Renewables Conference New York City June 18, 2024