American Electric Power — Feb 13, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000004904-25-000025
Showing in the filing
Potential incremental investment under evaluation
“$10 billion”
Period
No period stated
Measure
Company-defined measure
Source
Prose
All guidance in this release · 10
Long-term EPS growth rate for the long term
“6% to 8%”
FFO/Debt target
“14% to 15%”
FFO/Debt target for the long term
“14% to 15%”
Capital plan for the long term
“$54 billion”
Five-year capital plan for the long term
“$54 billion”
Annual total retail load growth for FY2025–2027
“8-9%”
New load
“more than 20 gigawatts”
New load to be served
“more than 20 gigawatts”
Potential incremental investment under evalu…
“$10 billion”
Operating earnings (non-GAAP) for FY2025
“$5.75 to $5.95 per share”
Exhibit 99.1 · the passage around this item
… earlier in the release
Our $54 billion, five-year capital plan that we announced in the fall supports this opportunity as we build infrastructure that meets the needs of our customers, communities and the states that we serve. 1 Further, as we continue to review the full scope of our infrastructure needs, we are evaluating $10 billion of potential incremental investment across our service territory and regional transmission grids. In addition, we are investing in tailored solutions for new individual large loads to meet their requirements and timelines while mitigating rate impacts to existing customers,” said Bill Fehrman, AEP president and chief executive officer. “Based on the needs of our states, we have filed for approval of 2.3 gigawatts of natural gas generation in PSO and SWEPCO and have active requests for proposals for new generation in Appalachian Power, Indiana Michigan Power and PSO. In addition, our team continues identifying innovative solutions to bring large loads online. Late last year, AEP announced an agreement with Bloom Energy to acquire up to 1 gigawatt of fuel cells to enable data center customers to continue to expand their operations while transmission infrastructure is built. This week, AEP Ohio filed with the Public Utilities Commission of Ohio for approval to install the first two projects, totaling 100 megawatts, using this fuel cell technology. “Looking to the future, we have engaged in the early-site permit process for small modular reactors at locations in Indiana and Virginia a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.