Filed pursuant to Rule 433
Registration No. 333-230613
April 29, 2019

PRICING TERM SHEET

			
Issuer:	AEP Texas Inc.	
Expected Ratings*:	Baa1 (stable) by Moody’s Investors Service, Inc.
A- (stable) by S&P Global Ratings	
Designation:	Senior Notes, Series G, due 2049	 	
Principal Amount:	$300,000,000	 	
Maturity:	May 1, 2049	 	
Coupon:	4.15%	 	
Interest Payment Dates:	May 1 and November 1	
First Interest Payment Date:	November 1, 2019	
Treasury Benchmark:	3.375% due November 15, 2048	 	
Treasury Yield:	2.958%	 	
Reoffer Spread:	T+120 basis points	 	
Yield to Maturity:	4.158%	 	
Price to Public:	99.864% of the principal amount thereof	 	
Transaction Date:	April 29, 2019	
Settlement Date:	May 1, 2019 (T+2)	
Redemption Terms:	 	 	
Make-whole call:	Prior to November 1, 2048 at a discount rate of the Treasury Rate plus 20 basis points	 	
Par call:	On or after November 1, 2048 at par	 	
Minimum Denomination:	$2,000 and integral multiples of $1,000 in excess thereof	
CUSIP/ISIN:	00108W AJ9/US00108WAJ99	 	
Joint Book-Running Managers:	Citigroup Global Markets Inc.
Scotia Capital (USA) Inc.
TD Securities (USA) LLC	
Co-Manager:	The Huntington Investment Company	

*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 Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Scotia Capital (USA) Inc. toll-free at 1-800-372-3930 or TD Securities (USA) LLC toll-free at 1-855-495-9846.