UPDATE 1-AEP's Texas unit secures up to $3.26 billion federal loan to upgrade power grid

American Electric Power Company, Inc.

American Electric Power Company, Inc.

AEP

0.00

Adds details in paragraphs 2 to 4

July 8 (Reuters) - Utility American Electric Power AEP.O said on Wednesday its Texas unit has secured a loan of up to $3.26 billion from the U.S. Department of Energy to help fund infrastructure investments.

Power consumption in the U.S., which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, according to the U.S. Energy Information Administration.

The utility said the federal funding is expected to improve grid resiliency and save customers about $685 million over 30 years.

AEP Texas plans to use the funds to rebuild or reconductor existing transmission lines, and to build new lines.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.