HighGravityDataAmerican Electric Power — May 5, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000004904-26-000031
Showing in the filing
Annual operating earnings growth rate
“7% to 9%”
Period
The long term
Measure
Company-defined measure
Source
Prose
All guidance in this release · 20
Operating earnings for FY2026
“$6.15 to $6.45 per share”
Incremental load for FY2030
“63 gigawatts”
New load additions for FY2030
“63 gigawatts”
Cost offsets for existing customers
“up to $16 billion”
Five-year capital plan for the long term
“$78 billion”
Additional investment potential
“over $10 billion”
Line of sight to additional investment poten… for the long term
“over $10 billion”
Expected operating earnings CAGR for the long term
“greater than 9%”
Operating earnings compound annual growth ra… for the long term
“greater than 9%”
Annual operating earnings growth rate for the long term
“7% to 9%”
Expected annual rate-base growth for FY2030
“nearly 11%”
Annual rate-base growth for FY2026
“nearly 11%”
Total transmission investment for FY2026
“$33 billion”
Transmission investment
“$33 billion”
Total transmission investment as percentage … for FY2026
“42%”
SPP 765-kV transmission lines planned for the long term
“315 miles”
Customer savings from loans and grants
“nearly $600 million”
Estimated GAAP EPS for FY2026
“$6.12 to $6.42”
Estimated GAAP EPS reflecting certain items … for Q1 FY2026
“$6.12 to $6.42 per share”
Operating EPS for FY2026
“$6.15 to $6.45”
Exhibit 99.1 · the passage around this item
… earlier in the release
See the detailed GAAP to operating earnings reconciliation at the end of this press release. AEP reaffirms its 2026 operating earnings guidance of $6.15 to $6.45 per share and its annual operating earnings growth rate of 7% to 9% through 2030, with an expected operating earnings compound annual growth rate (CAGR) of greater than 9%. Strong Demand Growth Drives Additional Capital Investment This quarter’s results reflect continued disciplined execution and strong demand growth across AEP’s service territory. Following 7 gigawatts (GW) of new load agreements signed during the first quarter, primarily in Ohio and Texas, AEP’s incremental load is expected to grow to 63 GW by 2030. The new load is backed by signed agreements with well-capitalized industrial customers, hyperscalers and data center developers. Growth in AEP Texas accounts for 41 GW of new load commitments. The rollout of Texas Senate Bill 6 this summer is expected to enhance certainty around interconnection timing for the incremental load growth. AEP is committed to building the necessary transmission and distribution infrastructure in Texas; however, timing is highly dependent on the needed generation to support the load, which is supplied by others. AEP continues to experience robust system demand in key growth states including Indiana, Ohio, Oklahoma and Texas. To support this continued growth, AEP increased its five-year capital plan to $78 b
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.