AEP Commits $2.7Bn to New Renewable Generation (Ind. Report)

In the Buckeye State, Columbus-based American Electric Power (AEP) reports it plans to invest $33 billion in capital from 2019 through 2023, $2.7 billion of which is earmarked for new renewable generation, including approximately $2.2 billion for competitive, contracted renewable projects. The company will work with regulators to identify additional opportunities to add renewable generation in its regulated jurisdictions.

AEP operates the nation’s largest electricity transmission system to deliver power to nearly 5.4 million regulated customers in 11 states. The company also has approximately 32,000 MW of generating capacity, including 4,340 MW of renewable energy. (Source: AEP, WindPower, Nov., 2018)

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