AEP capital spending plan surges 33%, to $72B, in utility ‘super-cycle’

This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. By the numbers: American Electric Power Q3 2025 $72 billion capital expenditure plan Up 33% from AEP’s previous five-year capex plan, partly driven by 765-kV transmission projects in Texas and the PJM Interconnection region. 65 GW peak load in 2030 Up 76% from AEP’s summer peak, driven by 28 GW in data center and other large load agreements.$ 2.6 billi ...