Investment ProgramAEP's growth outlook is driven primarily by an investment program focused on supply and transmission, which should support a premium valuation over time.
Long-term Growth ExpectationsManagement increased its long-term growth expectations to 7%-9% driven by a $72bn capital plan, supporting a 10% rate base CAGR through 2030.
Peak Demand GrowthManagement updated their expected peak demand growth to 65GW through the end of the decade, reflecting increased demand outlook.