AEP Prioritizes T&D Amid Push for Renewables, Wrestles with Coal's Decline
Industry Segment: Power | Word Count: 981 Words
Attachment: AEP4Q20
SUGAR LAND--March 12, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--American Electric Power Company Incorporated (AEP) (NYSE:AEP) (Columbus, Ohio) is on the front lines of the changing U.S. Power Industry, as the utility seeks to upgrade its aging transmission infrastructure and add renewable energy sources--all while trying to determine which coal-fired plants can continue to operate as most face long-term closure. Industrial Info is tracking more than $4.5 billion in active projects from AEP, about 53% of which is related to power-generation projects and the remainder to transmission & distribution (T&D).