AEP Secures $1.6 Billion DOE Loan Guarantee to Upgrade 5,000 Miles of Transmission Lines

Reuters

10/16

AEP Secures $1.6 Billion DOE Loan Guarantee to Upgrade 5,000 Miles of Transmission Lines

American Electric Power Company Inc. $(AEP)$, through its subsidiary AEP Transmission, has secured a $1.6 billion loan guarantee from the U.S. Department of Energy's Loan Programs Office. The agreement provides AEP with a preferred interest rate to upgrade nearly 5,000 miles of transmission lines across Indiana, Michigan, Ohio, Oklahoma, and West Virginia. The financing is expected to save customers an estimated $275 million in financing costs over the life of the loan, with benefits reflected in lower bills. The upgrades will enhance reliability, support economic growth, and enable AEP to meet growing energy demand, especially for new data centers, artificial intelligence, and manufacturing developments. The first projects under this agreement will upgrade approximately 100 miles of transmission lines in Ohio and Oklahoma, with further projects to follow.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AEP - American Electric Power Company Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL99249) on October 16, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AEP - American Electric Power Company Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL99249) on October 16, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AEP","symbol_name":"美國電力","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251016:nNDL7JW2wt:1","article_id":"2575841712","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575841712","pubTimestamp":1760609720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"American Electric Power Company Inc. , through its subsidiary AEP Transmission, has secured a $1.6 billion loan guarantee from the U.S. Department of Energy's Loan Programs Office. 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The agreement provides AEP with a preferred interest rate to upgrade nearly 5,000 miles of transmission lines across Indiana, Michigan, Ohio, Oklahoma, and West Virginia. The financing is expected to save customers an estimated $275 million in financing costs over the life of the loan, with benefits reflected in lower bills. The upgrades will enhance reliability, support economic growth, and enable AEP to meet growing energy demand, especially for new data centers, artificial intelligence, and manufacturing developments. The first projects under this agreement will upgrade approximately 100 miles of transmission lines in Ohio and Oklahoma, with further projects to follow.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AEP - American Electric Power Company Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL99249) on October 16, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}