American Electric Power — Feb 12, 2026 release

The implementation of Texas Senate Bill 6 is expected to provide additional clarity and certainty on the timing of when these new loads will interconnect. Additional opportunities are expanding the company’s current $72 billion five-year capital plan. AEP has identified $5 billion to $8 billion in additional transmission and generation projects. These include competitively awarded 765‑kilovolt (kV) transmission projects selected by multiple regional transmission organizations, both inside and outside AEP’s service territory. AEP was proactive in securing Bloom Energy fuel cells which has positioned the company very well to pursue early development of a generation facility project in Wyoming, backed by $2.65 billion in fuel cell purchase commitments. The investments needed to serve the additional 28 GW of load in the updated demand forecast are not included in the current capital plan or the $5 billion to $8 billion of additional investment. AEP is also advancing multiple generation solutions to support incremental load growth. In 2025, AEP’s operating companies acquired 2.2 GW of new generation resources which provide immediate access to needed generation in high-growth regions. Additionally, AEP has secured over 10 GW of gas turbine capacity from major manufacturers, as well as strategic partnership agreements that support AEP’s industry-leading 765-kV development capabilities, enabling the company to connect new load to the grid. In conjunction with strong financial pe