AEP is boosting its five-year spending plan by $18B to meet record demand. (Reuters)
The numbers: AEP raised its capital plan to $72B through 2030, citing 28 GW of new contracted load—up 4 GW since July—and another 190 GW of pending requests. Peak demand across its 11-state system is expected to jump from 37 GW to 65 GW by decade’s end.