AEP to Spend $1.7 Billion on PJM Transmission Projects

February 28, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--On Thursday, leading U.S. power developer American Electric Power (NASDAQ:AEP) (AEP) (Columbus, Ohio) announced that it would invest $1.7 billion in transmission system upgrades in the PJM grid region, including Indiana, Maryland, Ohio, Virginia and West Virginia. Some of the funds will go toward newly announced projects from Valley Link Transmission Company LLC, a joint venture of AEP, Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) and FirstEnergy Transmission (Akron, Ohio), while other funds will go toward other AEP projects in Indiana, Ohio and Virginia.