American Electric Power (AEP) announced today a multibillion-dollar plan to modernize its electricity grid across several states. The work will upgrade aging infrastructure, improve reliability, and support renewable energy integration. AEP said the investment is essential to meet future energy demand and strengthen resilience to extreme weather.
AEP will roll out the investment over the next five years, and the project is expected to create numerous jobs in the region. The company is discussing cost recovery mechanisms with regulatory bodies.