04:59 PM EDT, 03/24/2025 (MT Newswires) -- American Electric Power ( AEP ) said Monday it started a $2 billion registered underwritten offering of shares with a forward component.

The company said it expects to sell shares under forward sale agreements with Citibank and Barclays Bank at an initial forward sale price.

Underwriters will have a 30-day option to buy up to an additional $300 million in shares.

The company expects to settle the forward sale agreement by Dec. 31, 2026.