American Electric Power Five-Year Capital Investment Plan Expansion

planned

American Electric Power (AEP) is executing a five-year capital investment plan focused on expanding and modernizing the power grid to support over 20 gigawatts of new power demand expected by the end of the decade. The plan includes investments in transmission and generation projects, such as new 765 kV transmission lines in SPP, PJM, and MISO regions, and new gas-fired generation facilities. The plan was recently increased from $72 billion to $78 billion, with an additional $6 billion in investments including $3.5 billion in transmission and $2.5 billion in gas-fired generation. AEP also has line of sight to over $10 billion of additional projects beyond the current plan.