AEP expands capital spending as data center power demand doubles
AEP is expanding its $72 billion spending plan as data center power deals double. The utility is now ramping up capacity to support massive AI growth.
Insights:
American Electric Power Company, Inc. announced on February 12, 2026, that it is expanding its five-year capital expenditure plan beyond the previously set $72 billion. The expansion is driven by a doubling of signed power supply agreements with data centers, which have now reached 56 gigawatts. In response to this surge, the company has identified between $5 billion and $8 billion in additional transmission and generation projects that were not included in the original plan.
