American Electric Power(US:AEP)2025-05-06 11:02Financial Performance - AEP reported Q1 2025 operating earnings of $1.54 per share, totaling $823 million[29] - The company reaffirmed its 2025 operating earnings guidance range of $5.75-$5.95 per share and a long-term growth rate of 6%-8%[19] - AEP's FFO/Debt as of March 31, 2025, was 13.2%, with an expected increase of 40-60 bps upon closing the minority interest transmission transaction in 2H 2025[51] Capital Investments and Growth - AEP is executing a $54 billion 5-year capital plan through 2029, with potential for up to $10 billion in incremental investments[19] - The company anticipates approximately 20 GW of load growth through the end of the decade, driven by data center and industrial demand[19] - AEP's transmission investments represent 55% of total AEP earnings in 2025, based on the guidance midpoint of $5.85[92] Regulatory and Strategic Initiatives - AEP has secured or has "secured-like" rate mechanisms for approximately 80% of its rate-related revenue for 2025[19] - The company completed all anticipated equity needs through a $2.3 billion equity sale and an expected $2.82 billion minority interest transmission transaction close[20] - AEP forecasts annual retail load growth of 8%-9% between 2025-2027, adding over 52 million MWh to retail sales[36]