AEP Locks Up Turbine Supply and $3B Equity Plan for $78B Build
American Electric Power says contracted load totals 69 gigawatts through 2030 as it tackles execution risk for a $78 billion build. Management highlighted it locked up about 13 gigawatts of gas-fired turbine capacity through 2031, adding 3 gigawatts in Q2. It also completed a $3 billion marketed equity transaction, settled under forward contracts by May 2028, to cover anticipated marketed equity needs.