American Electric Power is tapping Wall Street to help fund a $78B grid upgrade. (BriefGlance)
The utility aims to raise $2.6B in a stock offering to cushion its 2026-30 capital plan, which which targets infrastructure upgrades and meeting rising demand across its 11-state footprint.
Why it matters: Utilities need mountains of capital to harden the grid, connect renewables, and serve data center load. AEP’s move could pave the way for other IOUs to secure some additional cash as they eye similarly ambitious infrastructure boosts.