NasdaqGS:AEPElectric Utilities
American Electric Power Plan Highlights $72b Grid Spend And Valuation Debate
Shareholders of American Electric Power Company, Inc. (NasdaqGS:AEP) approved all management proposals at the annual meeting.
The approvals included the re election of directors, ratification of auditors, and endorsement of a US$72b capital plan.
The capital plan targets major investments in generation, transmission, and distribution infrastructure.
Management highlighted a focus on disciplined investment, regulatory partnerships, and limiting rate increases while upgrading the grid.
The...