American Electric Power

I&M Seeks Approval for 1,520 MW Gas Plant at Rockport, Indiana

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I&M Seeks Approval for 1,520 MW Gas Plant at Rockport, Indiana

Fort Wayne – October 12, 2026 -- Indiana Michigan Power (I&M) has asked the Indiana Utility Regulatory Commission (IURC) to approve a 1,520 megawatt (MW) natural gas combined cycle plant at its Rockport site, one of the largest utility construction projects in Indiana.

I&M expects power demand in its Indiana service area to more than double by the early 2030s. The new Rockport Energy Center is meant to add generation capacity to meet that load.

I&M targets summer 2030 start-up, with an IURC ruling expected in early 2027

I&M filed for a certificate of public convenience and necessity (CPCN). The filing details the construction timeline, the allocation of construction and operating costs, regional transmission capacity and environmental factors.

The company anticipates an IURC decision in early 2027. Construction would begin in 2027, and the plant is expected to be operational in summer 2030.

AEP Elects Marriott, Equinix Chairmen to Board Amid Demand Surge

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AEP Elects Marriott, Equinix Chairmen to Board Amid Demand Surge

Columbus – October 12, 2026 -- American Electric Power (Nasdaq: AEP) has elected Marriott International Chairman David Marriott and Equinix Executive Chairman Charles Meyers to its Board of Directors, effective July 20, bringing the board to 12 directors, 11 of them independent.

AEP adds data center and hospitality operating experience as it invests to meet unprecedented energy demand

AEP said the two appointees will provide insight as it invests to meet unprecedented energy demand while maintaining its focus on reliability and affordability. Chairman, President and CEO Bill Fehrman said their experience aligns directly with AEP's strategy to meet growing demand, deliver reliable, affordable power and create long-term value for shareholders.

AEP Raises 2026 Earnings Guidance as Contracted Load Hits 69 GW

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AEP Raises 2026 Earnings Guidance as Contracted Load Hits 69 GW

Columbus, Ohio – October 12, 2026 -- American Electric Power (Nasdaq: AEP) raised its full-year 2026 operating earnings guidance to $6.25 to $6.55 per share from $6.15 to $6.45, after signing an incremental 6 GW of load agreements in the second quarter and lifting contracted load growth through 2030 to 69 GW.

Second-quarter GAAP earnings fell to $713 million, or $1.31 per share, from $1,226 million, or $2.29 per share, a year earlier. Operating earnings were $742 million, or $1.36 per share, versus $766 million, or $1.43 per share, in the second quarter of 2025. CEO Bill Fehrman attributed the year-over-year decline to the 2025 transmission minority interest sale and the timing of tax-related items.

FirstEnergy Names Jon Dormo VP to Lead New Generation Projects

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FirstEnergy Names Jon Dormo VP to Lead New Generation Projects

Akron, Ohio – September 09, 2026 -- FirstEnergy Corp. (NYSE: FE) has appointed Jon Dormo as Vice President of Generation Project Development, tasking him with planning and developing new power generation projects to meet rapidly growing customer electricity demand.

Dormo will report to Chris Beam, FirstEnergy's President of West Virginia and Maryland

He will coordinate with internal teams, community leaders and regulators to advance reliable, affordable electricity sources across FirstEnergy's service territory.

AEP Ohio Targets $4.2B Appalachian Grid Build Structured to Avoid Rate Increases

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SHERIDAN, WYOMING - April 14, 2026 - AEP Ohio, a regulated subsidiary of American Electric Power Company, announced a partnership to deliver $4.2 billion in new electric infrastructure across Appalachian Ohio, with the program designed to avoid increases to customer electricity rates. Disclosed in a March 20 news release, the initiative sits within AEP's stated $72 billion five-year capital investment plan directed at expanding and modernizing grid capacity across its service territory. For industrial operators, site selectors, and economic development planners in the region, the announcement signals a material commitment to transmission and distribution capacity in a geography historically characterized by aging electric infrastructure.