AEP fourth-quarter profit rises as data centers boost demand for power [Yahoo! Finance]
American Electric Power Company, Inc. (AEP)
Last american electric power company, inc. earnings: 2/20 06:57 am
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Source: Yahoo! Finance
Reuters Reuters Thu, February 13, 2025 at 2:33 PM GMT+1 1 min read (Reuters) - U.S. utility American Electric Power posted a rise in fourth-quarter profit on Thursday, as data centers boosted demand for power from commercial customers. As Big Tech pours in billions of dollars into artificial intelligence technologies and the infrastructure needed to develop them, utilities have witnessed a huge surge in demand for power. "In 2024, we experienced significant load growth in our commercial class, largely due to economic development in Indiana, Ohio and Texas," said CEO Bill Fehrman. The utility expects total retail load growth of up to 9% annually over the next three years and said it could serve more than 20 gigawatts of new load growth by the end of the decade. AEP said it was also evaluating $10 billion of potential incremental investment to its five-year capital expenditure plan, which currently stands at $54 billion. The U.S. Energy Information Administration expe
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AEP
Earnings
- 10/29/25 - Miss
AEP
Sec Filings
- 12/29/25 - Form 8-K
- 12/22/25 - Form 4
- 12/19/25 - Form 8-K
- AEP's page on the SEC website