Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🟢 New in Current Filing The business and capital investment plans of AEP are subject to execution risks. (Applies to all Registrants) 🔒

🟢 New in Current Filing Regulated electric revenues and earnings are subject to prudency review. (Applies to all Registrants) 🔒

🟢 New in Current Filing Regulatory bodies may not allow recovery of costs incurred on a timely basis. (Applies to all Registrants) 🔒

🟢 New in Current Filing AEP is subject to negative publicity. (Applies to all Registrants) 🔒

🟢 New in Current Filing Changes in U.S. or foreign trade policies, including the imposition of tariffs and other protectionist trade measures, and other factors beyond AEP’s control may adversely impact future net income and cash flows and financial condition. 🔒

🔴 No Match in Current Filing AEP may not recover costs incurred to begin construction on projects that are canceled. (Applies to all Registrants) 🔒

🔴 No Match in Current Filing Our financial position may be adversely impacted if announced dispositions do not occur as planned. (Applies to AEP) 🔒

🔴 No Match in Current Filing AEP’s operating results may fluctuate on a seasonal or quarterly basis and with general economic and weather conditions. (Applies to all Registrants) 🔒

🔴 No Match in Current Filing Management is unable to predict the course, results or impact, if any, of current or future litigation or investigations relating to the severe winter weather in Texas in February 2021. (Applies to AEP and AEP Texas) 🔒

🔴 No Match in Current Filing Hazards associated with high-voltage electricity transmission may result in suspension of AEP’s operations or the imposition of civil or criminal penalties. (Applies to all Registrants) 🔒

🔴 No Match in Current Filing AEPTCo depends on AEP affiliates for a substantial portion of its revenues. (Applies to AEPTCo) 🔒

🔴 No Match in Current Filing New climate disclosure rules proposed by the U.S. Securities and Exchange Commission may increase our costs of compliance and adversely impact our business. (Applies to all Registrants) 🔒

🟡 Modified Compliance with legislative and regulatory requirements may lead to increased costs and result in penalties. (Applies to all Registrants) 🔒

🟡 Modified AEP faces risks related to project siting, financing, construction, permitting, governmental approvals and the negotiation of project development agreements that may impede their development and operating activities. (Applies to all Registrants) 🔒

🟡 Modified AEP may be unable to procure or construct generation capacity when needed or to recover the costs of such generation capacity. (Applies to all Registrants except AEP Texas, AEPTCo and OPCo) 🔒

🟡 Modified Supply chain disruptions, tariffs and inflation could negatively impact operations and corporate strategy. (Applies to all Registrants) 🔒

🟡 Modified Certain elements of AEP’s transmission formula rates have been challenged, which could result in lowered rates and/or refunds of amounts previously collected. (Applies to all Registrants other than AEP Texas) 🔒

🟡 Modified The failure of AEP or third-party vendor information technology systems, or the failure to enhance existing information technology systems and implement new technology, could adversely affect AEP. (Applies to all Registrants) 🔒

🟡 Modified AEP’s results of operations and cash flows may be negatively affected by a lack of growth or slower growth in the number of customers, a decline in customer demand or a recession. (Applies to all Registrants) 🔒

🟡 Modified Disruptions at power generation facilities owned by third-parties could interrupt the sales of transmission and distribution services. (Applies to AEP, AEP Texas and OPCo) 🔒

🟡 Modified If AEP is unable to access capital markets or insurance markets on reasonable terms, for any reason, including negative publicity, it could reduce future net income and cash flows and negatively impact financial condition. (Applies to all Registrants) 🔒

🟡 Modified A substantial portion of the receivables of AEP Texas is concentrated in a small number of REPs, and any delay or default in payment could adversely affect its cash flows, financial condition and results of operations. (Applies to AEP and AEP Texas) 🔒

🟡 Modified Changes in technology and regulatory policies may lower the value of electric utility facilities and franchises. (Applies to all Registrants) 🔒

🟡 Modified AEP relies on electric transmission facilities that AEP does not own or control. If these facilities do not provide AEP with adequate transmission capacity, AEP may not be able to deliver wholesale electric power to the purchasers of AEP’s power. (Applies to all Registrants) 🔒

🟡 Modified Failure to attract and retain an appropriately qualified workforce and management could harm results of operations. (Applies to all Registrants) 🔒

🟡 Modified Changes in the price of purchased power and commodities, the cost of procuring fuel, emission allowances for criteria pollutants and the costs of transport may increase AEP’s cost of purchasing and producing power, impacting financial performance. (Applies to all Registrants except AEP Texas, AEPTCo and OPCo) 🔒

🟡 Modified Costs of compliance with existing and evolving environmental laws are significant. (Applies to all Registrants except AEPTCo) 🔒

🟡 Modified AEP’s transmission investment strategy and execution are dependent on federal and state regulatory policy and implementation by RTOs. (Applies to all Registrants) 🔒

🟡 Modified The occurrence of one or more wildfires could cause tremendous loss, impact the market value and credit ratings of Registrants’ securities and have a material adverse effect on Registrants’ financial condition. (Applies to all Registrants) 🔒

🟡 Modified Regulation of GHG emissions could materially increase costs to AEP and its customers or cause some electric generating units to be uneconomical to operate or maintain. (Applies to all Registrants except AEP Texas, AEPTCo and OPCo) 🔒

🟡 Modified Regulated electric revenues and earnings are dependent on federal and state regulations that may limit AEP’s ability to recover costs and other amounts. (Applies to all Registrants) 🔒

🟡 Modified Adverse outcomes in AEP’s material legal proceedings could materially and adversely affect AEP’s results of operations and financial condition. (Applies to all Registrants) 🔒

🟡 Modified Physical attacks or hostile cyber intrusions could severely impair operations, lead to the disclosure of confidential information and damage AEP’s reputation. (Applies to all Registrants) 🔒

33 more changes in this filing

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AEP: 10-K Risk Factor Changes

The business and capital investment plans of AEP depend, in part, on the continued growth and viability of data centers and large load customers interconnecting with the AEP System. (Applies to all Registrants)