Hunton Andrews Kurth Advises American Electric Power Company, Inc.’s $750 Million 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 $750 million in aggregate principal amount of its 3.875% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures due February 15, 2062. The transaction closed November 15, 2021.

AEP, based in Columbus, Ohio, operates and maintains the nation’s largest electricity transmission system and more than 223,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 22,000 megawatts of diverse generating capacity, including approximately 2,840 megawatts of renewable energy. AEP’s family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas).

The Hunton Andrews Kurth team included Steven C. Friend, Brendan P. Harney, Michelle G. Chan and Reuben H. Pearlman. Robert J. McNamara and Tim Strother provided tax advice.