American Electric Power Company (AEP) Business News

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Joint development plan aimed at benefitting Hoosiers without raising costs for customers Companies working together to study the feasibility of a small modular reactor project in Sullivan County, Indiana, in coordination with state and local stakeholders Development and funding agreements designed to provide financial safeguards for AEP's customers and investors If the project moves beyond the development phase and is constructed, 960 megawatts of X-energy's advanced nuclear generation technology expected to connect directly to the grid to provide safe, reliable energy COLUMBUS, Ohio, Oct. 19, 2026 /PRNewswire/ -- As energy demand grows, American Electric Power (Nasdaq: AEP) is exploring new ways to bring reliable power to the grid while prioritizing affordability for Indiana Michigan Power (I&M) customers and mitigating business risk. AEP today announced a joint development agreement with X-energy (Nasdaq: XE) to evaluate the feasibility of constructing a 960-megawatt (MW) advanced nuclear energy project at a former coal plant site in Sullivan County, Indiana.

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8:30 AM | Monday | Oct 19, 2026

AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana

PRNewsWire

Joint development plan aimed at benefitting Hoosiers without raising costs for customers Companies working together to study the feasibility of a small modular reactor project in Sullivan County, Indiana, in coordination with state and local stakeholders Development and funding agreements designed to provide financial safeguards for AEP's customers and investors If the project moves beyond the development phase and is constructed, 960 megawatts of X-energy's advanced nuclear generation technology expected to connect directly to the grid to provide safe, reliable energy COLUMBUS, Ohio, Oct. 19, 2026 /PRNewswire/ -- As energy demand grows, American Electric Power (Nasdaq: AEP) is exploring new ways to bring reliable power to the grid while prioritizing affordability for Indiana Michigan Power (I&M) customers and mitigating business risk. AEP today announced a joint development agreement with X-energy... Read more

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8:30 AM | Monday | Oct 19, 2026

X-energy, Amazon, American Electric Power Partner to Bring SMR Project to Indiana

GlobeNewsWire

12-unit Xe-100 plant proposed near former Breed coal plant in Sullivan County, Indiana Joint Development Agreement advances feasibility work for 960 MW of clean, reliable power Amazon to provide development capital for second project in collaboration aimed at bringing at least 5 GW of Xe-100 new nuclear capacity to the grid ROCKVILLE, Md., Oct. 19, 2026 (GLOBE NEWSWIRE) -- X-Energy, Inc. (Nasdaq: XE) (“X-energy” or “XE”), a Maryland-based developer of advanced nuclear reactors and fuel technology and American Electric Power (Nasdaq: AEP) today announced a Joint Development Agreement (“JDA”) to advance feasibility work for a proposed 960 MW Xe-100 small modular reactor (“SMR”) project in Indiana.

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8:30 AM | Monday | Oct 19, 2026

X-energy, Amazon, American Electric Power Partner to Bring SMR Project to Indiana

GlobeNewsWire

12-unit Xe-100 plant proposed near former Breed coal plant in Sullivan County, Indiana Joint Development Agreement advances feasibility work for 960 MW of clean, reliable power Amazon to provide development capital for second project in collaboration aimed at bringing at least 5 GW of Xe-100 new nuclear capacity to the grid ROCKVILLE, Md., Oct. 19, 2026 (GLOBE NEWSWIRE) -- X-Energy, Inc. (Nasdaq: XE) (“X-energy” or “XE”), a Maryland-based developer of advanced nuclear reactors and fuel technology and American Electric Power (Nasdaq: AEP) today announced a Joint Development Agreement (“JDA”) to advance feasibility work for a proposed 960 MW Xe-100 small modular reactor (“SMR”) project in Indiana.

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8:30 AM | Monday | Oct 19, 2026

AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana

PRNewsWire

Joint development plan aimed at benefitting Hoosiers without raising costs for customers Companies working together to study the feasibility of a small modular reactor project in Sullivan County, Indiana, in coordination with state and local stakeholders Development and funding agreements designed to provide financial safeguards for AEP's customers and investors If the project moves beyond the development phase and is constructed, 960 megawatts of X-energy's advanced nuclear generation technology expected to connect directly to the grid to provide safe, reliable energy COLUMBUS, Ohio, Oct. 19, 2026 /PRNewswire/ -- As energy demand grows, American Electric Power (Nasdaq: AEP) is exploring new ways to bring reliable power to the grid while prioritizing affordability for Indiana Michigan Power (I&M) customers and mitigating business risk. AEP today announced a joint development agreement with X-energy... Read more

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8:00 AM | Wednesday | Oct 14, 2026

AEP Advances Innovative Energy Solution for Google with 702MW of Bloom Fuel Cells

PRNewsWire

COLUMBUS, Ohio, Oct. 14, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) plans to invest approximately $4 billion to advance a new 702-megawatt fuel cell generation project near Cheyenne, Wyoming, under a long-term 20-year power purchase agreement (PPA) with Google, marking a significant step in AEP's strategy to serve growing demand from large-scale customers. Under the PPA, Google will acquire power from Cheyenne Fuel Cell, LLC, which is approximately 92% owned and controlled by AEP, and nearly 8% owned by funds advised by Basalt Infrastructure Partners, LLP.

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8:22 AM | Monday | Oct 5, 2026

Kentucky Power, TeraWulf Finalize Expanded Agreement Providing for $100 Million in Customer Benefits

PRNewsWire

ASHLAND, Ky., Oct. 5, 2026 /PRNewswire/ -- Kentucky Power has finalized an amended agreement that would double its contracted electric demand with TeraWulf Inc. (Nasdaq: WULF) while delivering significant long-term benefits for customers and communities across eastern Kentucky.

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1:05 PM | Wednesday | Aug 26, 2026

HOOSIERS EXPECTED TO SEE SAVINGS AS I&M ADVANCES ONE OF THE NATION'S LARGEST RATE REDUCTION PLANS

PRNewsWire

FORT WAYNE, Ind., Aug. 26, 2026 /PRNewswire/ -- The state of Indiana has called on utilities to take action to make energy more affordable, and Indiana Michigan Power (I&M) is meeting that call with a plan to deliver savings and stability for customers.

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6:57 AM | Thursday | Jul 30, 2026

AEP Reports Second-Quarter 2026 Earnings, Raises Full-Year Guidance

PRNewsWire

Raises full-year 2026 operating earnings guidance to $6.25 to $6.55 per share Supports affordability with up to $16 billion in expected cost offsets from load growth and $1.4 billion in expected customer savings from federal loan guarantees and grants Expands new load additions to 69 gigawatts (GW) through 2030 Secures approximately 13 GW of gas-fired turbine capacity; additional 10 GW under evaluation to meet growing demand COLUMBUS, Ohio, July 30, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today reported second-quarter 2026 GAAP earnings of $713 million or $1.31 per share, compared with GAAP earnings of $1,226 million or $2.
29 per share in second-quarter 2025. Operating earnings for second-quarter 2026 were $742 million or $1.36 per share, compared with operating earnings of $766 million or $1.43 per share in second-quarter... Read more

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8:00 AM | Tuesday | Jul 21, 2026

AEP Names David Marriott and Charles Meyers to Board of Directors

PRNewsWire

Marriott International Chairman David Marriott adds customer-focused operations experience to support execution at scale Former Equinix CEO Charles Meyers brings digital infrastructure expertise aligned with AEP's next phase of growth COLUMBUS, Ohio, July 21, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced that David Marriott, Chairman of the Board of Marriott International, and Charles Meyers, Executive Chairman and former President and Chief Executive Officer of Equinix, have been elected to AEP's Board of Directors (the "Board"), effective July 20. David Marriott brings extensive experience leading large-scale, customer-focused operations for one of the world's most recognized hospitality companies.

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6:30 PM | Monday | Jul 20, 2026

AEP Declares Quarterly Dividend on Common Stock

PRNewsWire

COLUMBUS, Ohio, July 20, 2026 /PRNewswire/ -- The Board of Directors of American Electric Power (Nasdaq: AEP) has declared a regular quarterly cash dividend of 95 cents per share on the company's common stock. The dividend is payable Sept.

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3:44 PM | Monday | Jul 20, 2026

I&M PLANS FOR ROCKPORT'S NEXT CHAPTER AS A FULL-FLEDGED ENERGY HUB TO MEET CUSTOMERS' NEEDS

PRNewsWire

Project will not impact I&M's plans to reduce rates for customers FORT WAYNE, Ind., July 20, 2026 /PRNewswire/ -- Indiana Michigan Power (I&M) is taking the next step to ensure its customers have reliable power for decades to come, while positioning Rockport, Indiana, for long-term economic success.

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