AEP has upped its five-year capex plan by nearly 30% to $100B (five months after the company raised it to $78B). The power giant also reported a 22% year-over-year jump in Q3 earnings.
PG&E’s Q3 earnings fell by 9% year-over-year, which the company attributed to a reduced return on equity (as ordered by the California Public Utilities Commission). Plus, PG&E said that it’s going ahead with a previously announced $2B cut to its 2027 capex plan.
NextEra saw a nearly 10% earnings boost over Q3 2025, and expects compound annual growth >8% through 2032.