Investment Thesis
American Electric Power is a regulated utility with a large transmission network across the Midwest and South. Grid modernization, renewables, and data-center load support 6-7% rate base growth.
- Transmission Scale: Largest U.S. transmission owner with FERC-allowed returns.
- Renewable Investments: Wind and solar buildouts under long-term agreements.
- Load Growth: Industrial and data center projects in its footprint increase demand.