AEP Plans Big Investments in Transmission Projects

SUGAR LAND--January 13, 2014--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Investments in transmission projects, rather than generation or environmental remediation, will be the largest cluster of capital spending at American Electric Power Company (NYSE:AEP) (Columbus, Ohio) for the next several years. Nick Akins, AEP's president and chief executive, told attendees at the Edison Electric Institute's financial conference in late 2013 that AEP will invest about $4.5 billion in regulated transmission projects over 2014-16.