American Electric Power Co., Inc. (AEP) has outlined a strong growth trajectory through 2030, targeting an earnings growth rate of 7% to 9%, with a compounded annual growth rate (CAGR) of 9%. This projection is supported by a $72 billion capital investment plan over the next five years, aimed at modernizing infrastructure and expanding capacity.
AEP expects its rate base to grow at a about 10% CAGR through 2030, reflecting continued investment in regulated utility assets.
The company also anticipates peak electricity demand to reach approximately 65 gigawatts (GW) by 2030, driven by factors such as industrial expansion and increased electrification.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.