May 24, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--American Electric Power Company Incorporated (AEP) (Columbus, Ohio), one of the largest electric utility companies in the U.S., expects to see its annual retail load growth of between 8% and 9% through 2027. Just in the first quarter of 2025, its commercial load grew 12.3% when compared with the same period last year. Nonetheless, the company believes it is well-positioned to handle the new demand.
Industrial Info is tracking more than $20 billion worth of active and proposed projects from AEP, split almost evenly between power-generation and transmission and distribution (T&D) developments. In a quarterly earnings-related conference call, Trevor Mihalik, the chief financial officer of AEP, said an expected increase in load growth means his company could "add up to $10 billion of incremental capital over the next five years to our already sizable $54 billion plan."
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