American Electric Power

American Electric Power priced a $2.6B common stock offering on May 12, 2026, at $127 per share using a forward sale mechanism settling by May 2028. The capital supports AEP's $78B five-year plan through 2030, up from $72B previously. $50B (64%) targets transmission grid strengthening including new substations and data center connections, particularly in Ohio, Indiana, and Texas. AEP expects to double available power generation to 63 GW by 2030 driven by data center and AI infrastructure demand. Utility contractors and grid equipment vendors should monitor upcoming transmission and substation projects across AEP's 11-state service territory.

American Electric Power Company (AEP) has expanded its capital expenditure plans by up to $8 billion through 2030. The additional spending targets rising electricity demand driven by the rapid buildout of AI data centers. AEP is positioning itself as a key utility partner for large-scale computing and data infrastructure projects. The company trades on NasdaqGS at approximately $133.82. Execution risk, regulatory responses, and long-term contract structures with large power users remain key factors. Utility-scale contractors and power infrastructure vendors should track AEP's investment timeline for emerging opportunities.