Why is American Electric Power Company, Inc. stock rising?
AEP raised its FY2026 operating earnings guidance to $6.25-$6.55 per share and reaffirmed a greater-than-9% EPS CAGR through 2030.
AEP increased its 2026-2030 capital plan to $78 billion from $72 billion, adding approved transmission projects and I&M gas generation.
AEP was awarded 330 miles of predominantly 765-kV transmission lines in Ohio and Indiana, with in-service dates toward the end of the plan.
AEP has secured approximately 13 gigawatts of gas turbine capacity for deployment through 2031, with additional access to turbine slots through 2035.
AEP is advancing the Piketon, Ohio transmission opportunity and expects to execute documents in the third quarter before regulatory review.
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