American Electric Power Company, Inc.

“AEP is one of the largest investor-owned electric public utility holding companies in the United States. AEP's electric utility operating companies provide generation, transmission and distribution services to more than five million retail customers”

“AEP Texas Inc. and Subsidiaries AEP Transmission Company, LLC and Subsidiaries Appalachian Power Company and Subsidiaries Indiana Michigan Power Company and Subsidiaries Ohio Power Company and Subsidiaries Public Service Company of Oklahoma Southwestern Electric Power Company”

“Reported GAAP Earnings$3,580 $488 $1,075 $457 $414 $328 $252 $388”

“AEP is exposed to changes in the price and availability of fuel, including coal, natural gas and uranium, as existing contracts for the supply of such fuel end or are not honored.”

“Advancements in artificial intelligence and other emerging technologies may require significant changes to the size, skills, and composition of AEP’s workforce”

“have been identified by the PUCT as having responsibility for constructing transmission infrastructure as part of ERCOT’s Permian Basin Reliability Plan”

“fueled by rapid commercial customer class load growth, especially from data processing and other energy-intensive operations ... AEP projects growth in the system peak demand by 2030 across its diversified service territory, with especially strong projected growth in Indiana, Ohio, Oklahoma and Texas”

“is focused on six core principles: •Customer Service - Industry-best customer experience. •Employee Commitment ... •Financial Strength - Strong financial discipline”

“The electric utility industry is undergoing a historic transformation, fueled by rapid commercial customer class load growth ... shifting regulator and customer expectations, evolving public policies, rising stakeholder demands, demographic changes, new competitive pressures, emerging technologies, necessary reliability investments and volatile commodity markets”

“AEP outlined a $72 billion, five year capital plan focused on strengthening transmission infrastructure, adding new generation resources to serve both existing customers and large forecasted load additions”

“$2 million of eligible costs related to the System Resiliency Plan deferrals, both inclusive of equity carrying charges through the July 2025 test year period end”

“Investment in transmission assets, which resulted in higher revenues and income. ... An increase in sales volumes driven by favorable weather. Favorable rate proceedings in AEP's various jurisdictions”

“The favorable impact from the receipt of the June 2025 FERC order related to the treatment of NOLCs in transmission formula rates”

“Sale of AEP OnSite Partners (c)10 ... Represents an adjustment to the estimated loss on the sale of AEP OnSite Partners as a result of the contractual working capital true-up”

“this information is among the primary indicators management uses as a basis for evaluating performance, allocating resources, setting incentive compensation targets and planning and forecasting of future periods”

“The rates customers pay to AEP regulated utility businesses are subject to approval by the FERC and the respective state utility commissions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.”

“The bill establishes a UTM for qualifying electric utilities to file annual interim rate adjustments for cost recovery of certain transmission and distribution capital expenditures.”

“The capital tracker incremental revenue requirement, inclusive of the items outlined in the January 2026 brief, sought in this filing is $100 million, including a request to recover, over a 12-month period, $38 million of eligible costs related to UTM deferrals”

“a public utility may defer up to 90% of all depreciation expense and return associated with qualifying electric plant to a regulatory asset”

“Represents the reduction in regulatory assets for OVEC-related purchased power costs as a result of approved legislation in Ohio in April 2025”

“Much of this demand is driven by interconnecting with and providing power to data centers and other large load customers to serve an increasingly digital economy and to support AI.”

“If these regulatory commissions do not approve adjustments to the rates charged, affected AEP subsidiaries would not be able to recover the costs associated with their investments.”

“Regulators may disallow costs found not to have been prudently incurred or found not to have been incurred in compliance with applicable tariffs, creating risk in the ultimate recovery of those costs.”

“If any of these deferred costs are not approved for recovery, it could reduce future net income and cash flows and impact financial condition.”

“Customers’ energy needs vary with weather conditions, primarily temperature and humidity.”

“The length of these base rate proceedings can cause the regulated utility businesses to experience regulatory lag in recovering costs and result in earning less than the allowed returns.”

“These risks include delays, supply chain disruption and the unavailability of materials, cost overruns, inflation, the cost and availability of capital, labor disputes or shortages”

“Despite AEP’s early-stage wildfire mitigation initiatives, a wildfire could be ignited, spread and cause damages, which could subject AEP to significant liability.”

“An increase in operating expenses recorded in 2025 due to an impairment of in-process internal use software development costs ... Impairment of Software Development Costs (f)52 11 — 9 7 14 5 4”

“AEPTCo does not hold title to the majority of real property on which its electric transmission assets are located.”