American Electric Power raises investment plan as AI demand boosts quarterly profits
AEP beat profit estimates on Thursday and will expand its $72 billion capital plan. The utility is scaling up to meet surging demand from AI data centers.
Insights:
American Electric Power Company, Inc. announced on February 12, 2026, that it is expanding its five-year capital expenditure plan by identifying between $5 billion and $8 billion in additional transmission and generation projects to meet surging electricity demand across the US 
US. The company reported fourth-quarter operating earnings of $1.19 per share, surpassing the consensus estimate of $1.15 per share. This spending increase targets an expansion beyond the company’s existing $72 billion baseline capital plan, marking a material increase in utility infrastructure investment.
US. The company reported fourth-quarter operating earnings of $1.19 per share, surpassing the consensus estimate of $1.15 per share. This spending increase targets an expansion beyond the company’s existing $72 billion baseline capital plan, marking a material increase in utility infrastructure investment.
