American Electric Power gains on loan guarantee from US Department of Energy

American Electric Power

16/10/2025 13:24

** Shares of utility American Electric Power AEP.O up ~1% at $119.00 premarket

** Company says it closed on a $1.6 billion loan guarantee from the U.S. Department of Energy to upgrade nearly 5,000 miles of transmission lines in Indiana, Michigan, Ohio, Oklahoma and West Virginia

** Energy demand is increasing across AEP's footprint as customers have committed to business expansions or additions that will require an additional 24 gigawatts of electricity demand by the end of the decade, co says

** Adds about 100 miles of transmission lines across Ohio and Oklahoma are the first projects to be supported by the loan guarantee

** As of last close, stock up 28.5% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))