Hunton Andrews Kurth Advises on American Electric Power Company, Inc.’s $1 Billion Junior Subordinated Debentures Offering

Hunton Andrews Kurth LLP advised the underwriters in connection with American Electric Power Company, Inc.’s (“AEP”) SEC-registered offering of $1 billion aggregate principal amount of Junior Subordinated Debentures, consisting of (i) $400 million aggregate principal amount of its 7.050% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series A due 2054 and (ii) $600 million aggregate principal amount of its 6.950% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series B due 2054. The transaction closed on June 20, 2024.

AEP, based in Columbus, Ohio, is one of the largest investor-owned electric public utility holding companies in the United States, and its electric utility operating companies provide generation, transmission and distribution services to approximately 5.6 million customers in 11 states. AEP has approximately 225,000 miles of distribution lines, 40,000 circuit miles of transmission lines and approximately 23,000 MWs of regulated owned generating capacity. AEP’s family of companies include utilities AEP Texas Inc., Appalachia Power Company, Indiana Michigan Power Company, Kentucky Power Company, Kingsport Power Company, Ohio Power Company, Public Service Company of Oklahoma, Southwestern Electric Power Company and Wheeling Power Company.

The Hunton Andrews Kurth team included Steven C. Friend, Jingyi “Alice” Yao and Gabrielle Kraushaar. Robert McNamara, William Freeman, Caitlin Scipioni and Katherine Gallagher provided tax advice.