AEP Streamlining Business and Focusing on Regulated Operations to Benefit Customers, Reaffirms Long-term Growth Rate of 6 to 7 Percent

American Electric Power (AEP) to invest US$27 billion in T&D over the next 5 years!

AEP will invest nearly all capital in its regulated businesses as it simplifies and de-risks operations. The company’s five-year, $43 billion capital investment plan allocates more than $27 billion to transmission and distribution (T&D). "The five-year capital investment plan includes $16 billion for transmission and $11.3 billion in distribution to continue to modernize the grid, increase reliability, integrate renewable resources and build infrastructure for new customers.” This according to Julie Sloat, AEP chair, president and chief executive officer.