American Electric Power — Merger or Acquisition (January 2025)

5 slides from American Electric Power's merger presentation, Jan 9, 2025

Slide 1: Ohio and I&M Transcos Minority Interest Acquisition
Ohio and I&M Transcos Minority Interest Acquisition January 9, 2025 Ohio and I&M Transcos Minority Interest Acquisition 1
Slide 2: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although AEP and each of its Registrant Subsidiaries believe that their expectations are based on reasonable assumptions, any such statements may be influenced by factors t
Slide 3: Ohio and I&M Transcos Minority Interest Acquisition Summary
Ohio and I&M Transcos Minority Interest Acquisition Summary • A 50%/50% consortium of KKR and PSP signed an agreement to acquire 19.9% non-controlling equity interest in Ohio and I&M Transcos for $2.82B Transaction Description • Represents approximately 5% of AEP’s total transmission rate base • KKR
Slide 4: Maintaining a Strong Balance Sheet Through Strategic Financing
Maintaining a Strong FINANCING PLAN Balance Sheet 2025E-2029E Through Strategic $ in millions Cash from Operations $41,500 Financing Plus: Net Cash Proceeds from Minority Interest Acquisition $2,800 Less: Capital Investments (54,400) Targeted FFO/Debt is 14%-15% Less: Dividends1 (11,050) Less: Other
Slide 5: Ohio and I&M Transcos Minority Interest Acquisition
Ohio and I&M Transcos Minority Interest Acquisition 5