American Electric Power Projects 9% Earnings CAGR Through 2030
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American Electric Power Co., Inc. (AEP) projects a 7% to 9% earnings growth rate through 2030, with a CAGR of 9%. This growth is backed by a $72 billion capital investment plan over the next five years to modernize infrastructure and expand capacity. AEP expects its rate base to grow at about 10% CAGR and anticipates peak electricity demand to reach approximately 65 gigawatts by 2030, driven by industrial expansion and increased electrification.
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