Maximum Percentage Paid to Selling Agents

  
  
12.  FINANCING ACTIVITIES  
The disclosures in this note apply to all Registrants, unless indicated otherwise.  
Common Stock (Applies to AEP)  
At-the-Market (ATM) Program  
In 2020, AEP filed a prospectus supplement and executed an Equity Distribution Agreement, pursuant to which AEP may sell, from time to time, up to an aggregate of $1 billion of its common stock through an ATM offering program, including an equity forward sales component. The compensation paid to the selling agents by AEP may be up to 2% of the gross offering proceeds of the shares. There were no issuances under the ATM program for the six months ended June 30, 2022.  
Long-term Debt Outstanding (Applies to AEP)  
The following table details long-term debt outstanding, net of issuance costs and premiums or discounts:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Type of Debt |  | June 30, 2022 |  | December 31, 2021 |
|   |  | (in millions) |
| Senior Unsecured Notes |  | $ | 28,855.6  |  |  | $ | 27,497.3  |  |
| Pollution Control Bonds |  | 1,804.4  |  |  | 1,804.5  |  |
| Notes Payable |  | 242.9  |  |  | 211.3  |  |
| Securitization Bonds |  | 549.4  |  |  | 603.5  |  |
| Spent Nuclear Fuel Obligation (a) |  | 281.8  |  |  | 281.3  |  |
| Junior Subordinated Notes (b) |  | 2,375.4  |  |  | 2,373.0  |  |
| Other Long-term Debt |  | 1,349.9  |  |  | 683.6  |  |
| Total Long-term Debt Outstanding |  | 35,459.4  |  |  | 33,454.5  |  |
| Long-term Debt Due Within One Year (c) |  | 2,476.7  |  |  | 2,153.8  |  |
| Long-term Debt (d) |  | $ | 32,982.7  |  |  | $ | 31,300.7  |  |

  
(a)Pursuant to the Nuclear Waste Policy Act of 1982, I&M, a nuclear licensee, has an obligation to the United States Department of Energy for SNF disposal. The obligation includes a one-time fee for nuclear fuel consumed prior to April 7, 1983. Trust fund assets related to this obligation were $325 million and $329 million as of June 30, 2022 and December 31, 2021, respectively, and are included in Spent Nuclear Fuel and Decommissioning Trusts on the balance sheets.(b)See “Equity Units” section below for additional information.(c)Amount excludes $415 million and $200 million as of June 30, 2022 and December 31, 2021, respectively, of Long-term Debt Due Within One Year classified as Liabilities Held for Sale on the balance sheet. See “Disposition of KPCo and KTCo” section of Note 6 for additional information.(d)Amount excludes $688 million and $903 million as of June 30, 2022 and December 31, 2021, respectively, of Long-term Debt classified as Liabilities Held for Sale on the balance sheet. See “Disposition of KPCo and KTCo” section of Note 6 for additional information.  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
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