Increased Long-Term Operating Earnings Growth Rate
AEP announced a new increased long-term operating earnings growth rate of 7% to 9% for 2026 to 2030 with an expected 9% compounded annual growth rate over the 5-year period.
Large Capital Investment Plan
AEP has introduced a $72 billion capital plan over the next 5 years, which is one of the largest in the industry and represents a more than 30% increase over the previous plan.
Strong Financial Performance
AEP reported third quarter 2025 operating earnings of $1.80 per share or $963 million and year-to-date operating earnings of $4.78 per share, up from $4.38 per share in 2024, driven by favorable rate changes and strong transmission investment execution.
Exceptional Load Growth
AEP is experiencing significant load growth, projecting a system peak demand of 65 gigawatts by 2030, driven by data centers and industrial development. The load growth is backed by 28 gigawatts of contracted load additions.
Regulatory and Legislative Progress
Positive legislative outcomes in Ohio, Oklahoma, and Texas are supporting AEP's growth and regulatory framework, including Ohio House Bill 15, Oklahoma Senate Bill 998, and Texas House Bill 5247.