# EDGAR Filing Document

**Accession Number:** 0001721781
**File Stem:** 0001721781-25-000007
**Filing Date:** 2025-9
**Character Count:** 5183
**Document Hash:** e090f810686cac44598da3197e9169ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001721781-25-000007.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001721781-25-000007

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AEP Texas Inc.
- **CENTRAL INDEX KEY:** 0001721781
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 510007707
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-279418
- **FILM NUMBER:** 251330514

**BUSINESS ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215-2373
- **BUSINESS PHONE:** 614-716-1000

**MAIL ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215-2373
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AEP Texas Inc.
- **CENTRAL INDEX KEY:** 0001721781
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 510007707
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215-2373
- **BUSINESS PHONE:** 614-716-1000

**MAIL ADDRESS:**
- **STREET 1:** 1 RIVERSIDE PLAZA
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215-2373

Filed pursuant to Rule 433

Registration No. 333-279418

September 22, 2025

**PRICING TERM SHEET**

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| | | |
|:---|:---|:---|
| Issuer: | AEP Texas Inc. | AEP Texas Inc. |
| Expected Ratings\*: | Baa3 (stable) by Moody's Investors Service, Inc. <br>BBB+ (stable) by S&P Global Ratings, a division of S&P Global Inc.<br>BBB+ (stable) by Fitch Ratings, Inc. | Baa3 (stable) by Moody's Investors Service, Inc. <br>BBB+ (stable) by S&P Global Ratings, a division of S&P Global Inc.<br>BBB+ (stable) by Fitch Ratings, Inc. |
| Transaction Date: | September 22, 2025 | September 22, 2025 |
| Settlement Date: | September 24, 2025 (T+2) | September 24, 2025 (T+2) |
| Designation: | Senior Notes, Series O, due 2034 | Senior Notes, Series P, due 2055 |
| Principal Amount: | $150000000 | $750000000 |
| Maturity: | May 15, 2034 | October 15, 2055 |
| Coupon: | 5.70% | 5.85% |
| Interest Payment Dates: | May 15 and November 15 | April 15 and October 15 |
| First Interest Payment Date: | November 15, 2025 | April 15, 2026 |
| Treasury Benchmark: | 4.250% due August 15, 2035 | 4.750% due May 15, 2055 |
| Treasury Yield: | 4.149% | 4.765% |
| Reoffer Spread: | T+97 basis points | T+112 basis points |
| Reoffer Yield: | 5.119% | 5.885% |
| Price to Public: | 103.922% of the principal amount thereof, plus accrued interest from May 15, 2025 (totaling $3,063,750) | 99.504% of the principal amount thereof |
| Redemption Terms: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Make-whole call: | Prior to February 15, 2034 at a discount rate of the Treasury Rate plus 20 basis points | Prior to April 15, 2055 at a discount rate of the Treasury Rate plus 20 basis points |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Par call: | On or after February 15, 2034 at par | On or after April 15, 2055 at par |
| CUSIP/ISIN: | 00108W AT7 / US00108WAT71 | 00108W AU4 / US00108WAU45 |
| Minimum Denomination: | $2,000 and integral multiples of $1,000 in excess thereof | $2,000 and integral multiples of $1,000 in excess thereof |
| Joint Book-Running Managers: | BMO Capital Markets Corp.<br>BNY Mellon Capital Markets, LLC<br>RBC Capital Markets, LLC<br>Scotia Capital (USA) Inc.<br>U.S. Bancorp Investments, Inc. | BMO Capital Markets Corp.<br>BNY Mellon Capital Markets, LLC<br>RBC Capital Markets, LLC<br>Scotia Capital (USA) Inc.<br>U.S. Bancorp Investments, Inc. |
| Co-Managers: | Huntington Securities, Inc.<br> PNC Capital Markets LLC<br>WauBank Securities LLC | Huntington Securities, Inc.<br> PNC Capital Markets LLC<br>WauBank Securities LLC |

---

**\*Note:** A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

**The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting BMO Capital Markets Corp. toll-free at (888) 200-0266, BNY Mellon Capital Markets, LLC toll-free at (800) 269-6864, RBC Capital Markets, LLC toll free at (866) 375-6829, Scotia Capital (USA) Inc. toll-free at (800) 372-3930 or U.S. Bancorp Investments, Inc. toll-free at (877) 558-2607.**

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