American Electric Power prices 20.47M shares at $127 each in a major stock offering.

American Electric Power (AEP) announced a registered offering of 20,472,442 common shares priced at $127 each, with an option for underwriters to buy an additional 3,070,866 shares. The shares are expected to be borrowed and sold under forward sale agreements, with settlement anticipated by May 31, 2028. Proceeds may be used for general corporate purposes including capital contributions, acquisitions, or debt repayment. This offering supports AEP's ongoing investments to enhance service and meet growing energy demands across its multi-state utility operations.