CONTRACTUAL OBLIGATION INFORMATION AEP’s contractual cash obligations include amounts reported on the balance sheets and other obligations disclosed in the footnotes. The following table summarizes AEP’s contractual cash obligations as of December 31, 2020: Payments Due by Period SIGNIFICANT TAX LEGISLATION AEP’s pension funding requirements are not included in the above table. As of December 31, 2020, AEP expects to make contributions to the pension plans totaling $133 million in 2021. Estimated contributions of $135 million in 2022 and $136 million in 2023 may vary significantly based on market returns, changes in actuarial assumptions and other factors. Based upon the projected benefit obligation and fair value of assets available to pay pension benefits, the pension plans were 100.2% funded as of December 31, 2020. See “Estimated Future Benefit Payments and Contributions” section of Note 8 for additional information. In addition to the amounts disclosed in the contractual cash obligations table above, standby letters of credit are entered into with third-parties. These letters of credit are issued in the ordinary course of business and cover items such as natural gas and electricity risk management contracts, construction contracts, insurance programs, security deposits and debt service reserves. There is no collateral held in relation to any guarantees in excess of the ownership percentages. In the event any letters of credit are drawn, there is no recourse to third-parties. See “Letters of Credit” section of Note 6 for additional information. In March 2020, the CARES Act was signed into law and includes tax relief provisions such as: (a) an AMT Credit Refund, (b) a 5- year NOL carryback from years 2018-2020 and (c) delayed payment of employer payroll taxes. See “Federal Tax Legislation” section of Note 12 for additional information. In December 2020, the CAA of 2021 was signed into law and includes: (a) COVID-19 tax relief and tax extender provisions including, extensions of time to begin construction on and placed in-service assets generating PTCs and ITCs, (b) 100% deductibility of business meals in 2021 and 2022 and (c) an extension of the work opportunity tax credit. See “Federal Tax Legislation” section of Note 12 for additional information. (a) Represents principal only, excluding interest. (b) Interest payments are estimated based on final maturity dates of debt securities outstanding as of December 31, 2020 and do not reflect anticipated future refinancing, early redemptions or debt issuances. (c) See “Long-term Debt” section of Note 14 for additional information. Represents principal only, excluding interest. (d) See “Long-term Debt” section of Note 14 for additional information. Represents principal only, excluding interest. Variable rate debt had interest rates that ranged between 0.18% and 2.25% as of December 31, 2020. (e) See Note 13 - Leases for additional information. (f) Represents contractual obligations to purchase coal, natural gas, uranium and other consumables as fuel for electric generation along with related transportation of the fuel. (g) Represents only capital assets for which there are signed contracts. Actual payments are dependent upon and may vary significantly based upon the decision to build, regulatory approval schedules, timing and escalation of project costs. Contractual Cash Obligations Less Than  1 Year 2-3 Years 4-5 Years After  5 Years Total (in millions) Short-term Debt (a) $ 2,479.3  $ —  $ —  $ —  $ 2,479.3  Interest on Fixed Rate Portion of Long-term Debt (b) 1,310.7  2,373.0  2,209.0  14,918.9  20,811.6  Fixed Rate Portion of Long-term Debt (c) 1,533.1  4,481.8  2,443.1  20,599.2  29,057.2  Variable Rate Portion of Long-term Debt (d) 553.0  1,715.9  6.6  —  2,275.5  Finance Lease Obligations (e) 72.2  120.2  96.2  48.9  337.5  Operating Lease Obligations (e) 270.8  357.5  149.6  193.0  970.9  Fuel Purchase Contracts (f) 763.9  715.1  212.9  381.5  2,073.4  Energy and Capacity Purchase Contracts 211.6  291.8  277.0  928.5  1,708.9  Construction Contracts for Capital Assets (g) 1,624.2  3,211.8  2,347.4  4,379.1  11,562.5  Total $ 8,818.8  $ 13,267.1  $ 7,741.8  $ 41,449.1  $ 71,276.8  116