Strong First Quarter Financial Performance
American Electric Power announced first quarter 2025 operating earnings of $1.54 per share or $823 million, which is a 20% increase compared to the same period last year. The company reaffirmed its 2025 operating earnings guidance range of $5.75 to $5.95 per share and a long-term operating earnings growth rate of 6% to 8%.
Significant Load Growth
AEP's commercial load grew 12.3% in the first quarter of 2025 compared to the first quarter of last year. The company expects annual retail load growth of between 8% and 9% through 2027, largely driven by data center demand and industrial loads.
Regulatory and Legislative Successes
AEP reported a number of positive regulatory outcomes, including commission approvals for large load tariffs in Indiana, Kentucky, and West Virginia, and the passage of Ohio House Bill 15, which supports capital investment growth and customer benefits.
Major Investment Plans
AEP has committed to a $54 billion capital plan over the next five years, with potential incremental investments of up to $10 billion to support increasing electric demand. The company has already secured its equity needs through 2029.