AEP Receives U.S. Department of Energy Loan Guarantee to Upgrade 5,000 Miles of Transmission Lines
American Electric Power (Nasdaq: AEP) closed a $1.6 billion loan guarantee from the U.S. Department of Energy Loan Programs Office on Oct. 16, 2025 to upgrade nearly 5,000 miles of transmission lines in Indiana, Michigan, Ohio, Oklahoma, and West Virginia.
The financing at a preferred interest rate is expected to save customers an estimated $275 million in financing costs over the loan life, support replacement of lines in existing rights-of-way to carry more energy, and create approximately 1,100 construction jobs. AEP says upgrades will enhance reliability and help meet an estimated 24 GW of new demand tied to data centers, AI and manufacturing. About 100 miles in Ohio and Oklahoma are the first projects; additional funding and projects will follow.
American Electric Power (Nasdaq: AEP) ha chiuso una garanzia di prestito da 1,6 miliardi di dollari dal U.S. Department of Energy Loan Programs Office il 16 ottobre 2025 per aggiornare quasi 5.000 miglia di linee di trasmissione in Indiana, Michigan, Ohio, Oklahoma e West Virginia.
Il finanziamento a tasso preferenziale dovrebbe far risparmiare ai clienti una stima di 275 milioni di dollari in costi di finanziamento durante la vita del prestito, sostenere la sostituzione delle linee nei diritti di passaggio esistenti per trasportare più energia e creare circa 1.100 posti di lavoro in cantiere. AEP afferma che gli interventi miglioreranno l'affidabilità e aiuteranno a soddisfare una stima di 24 GW di nuova domanda legata a data center, IA e manifattura. Circa 100 miglia in Ohio e Oklahoma sono i primi progetti; ulteriori finanziamenti e progetti seguiranno.
American Electric Power (Nasdaq: AEP) cerró una garantía de préstamo de 1.600 millones de dólares del U.S. Department of Energy Loan Programs Office el 16 de oct. de 2025 para actualizar casi 5.000 millas de líneas de transmisión en Indiana, Michigan, Ohio, Oklahoma y West Virginia.
El financiamiento a una tasa de interés preferencial se espera que ahorre a los clientes unos 275 millones de dólares en costos de financiamiento durante la vida del préstamo, apoyar la sustitución de líneas en derechos de paso existentes para transportar más energía y cree aproximadamente 1.100 empleos en construcción. AEP afirma que las mejoras mejorarán la fiabilidad y ayudarán a satisfacer una demanda de 24 GW de nueva capacidad vinculada a centros de datos, IA y manufactura. Unas 100 millas en Ohio y Oklahoma son los primeros proyectos; se seguirán financiamiento y proyectos adicionales.
American Electric Power (나스닥: AEP)은 2025년 10월 16일 미국 에너지부 대출프로그램국의 16억 달러 대출 보증을 체결해 인디애나주, 미시간주, 오하이오주, 오클라호마주, 웨스트버지니아주에서 거의 5,000마일의 송전선을 업그레이드합니다.
우대 이자율로 제공되는 자금 조달은 대출 기간 동안 고객의 재정 비용을 약 2.75억 달러 절감하고, 기존 권리구역의 선로 교체를 통해 더 많은 에너지를 운송하며, 대략 1,100개의 건설 일자리를 창출할 것으로 예상됩니다. AEP는 업그레이드가 신뢰성을 향상시키고 데이터 센터, AI 및 제조 분야와 관련된 24 GW의 신규 수요를 충족하는 데 도움이 될 것이라고 말합니다. 오하이오주와 오클라호마주에서 처음 시도가 되는 약 100마일의 프로젝트이며, 향후 추가 자금과 프로젝트가 이어질 예정입니다.
American Electric Power (Nasdaq : AEP) a clôturé une garantie de prêt de 1,6 milliard de dollars du Bureau des prêts du Department of Energy des États-Unis le 16 octobre 2025 pour moderniser près de 5 000 miles de lignes de transmission dans l’Indiana, le Michigan, l’Ohio, l’Oklahoma et la Virginie-Occidentale.
Le financement à un taux préférentiel devrait permettre aux clients d’économiser environ 275 millions de dollars sur les coûts de financement sur la durée du prêt, soutenir le remplacement des lignes dans les droits acquis existants pour transporter plus d’énergie et créer environ 1 100 emplois de construction. AEP indique que les améliorations renforceront la fiabilité et aideront à répondre à une demande de 24 GW de nouvelle capacité liée aux centres de données, à l’IA et à la fabrication. Environ 100 miles dans l’Ohio et l’Oklahoma sont les premiers projets; des financements et projets supplémentaires suivront.
American Electric Power (Nasdaq: AEP) schloss am 16. Oktober 2025 eine Kreditgarantie in Höhe von 1,6 Milliarden US-Dollar vom Loan Programs Office des US-Energieministeriums ab, um fast 5.000 Meilen an Hochspannungsleitungen in Indiana, Michigan, Ohio, Oklahoma und West Virginia aufzurüsten.
Die Finanzierung zu einem Vorzugszinssatz soll den Kunden voraussichtlich 275 Millionen US-Dollar an Finanzierungskosten während der Kreditlaufzeit sparen, die Ersetzung von Leitungen in bestehenden Wegerechten unterstützen, um mehr Energie zu transportieren, und etwa 1.100 Bauarbeitsplätze schaffen. AEP sagt, die Aufrüstungen würden die Zuverlässigkeit verbessern und helfen, eine geschätzte 24 GW an neuem Bedarf durch Rechenzentren, KI und Fertigung zu decken. Ungefähr 100 Meilen in Ohio und Oklahoma seien die ersten Projekte; weitere Finanzierung und Projekte würden folgen.
American Electric Power (بورصة ناسداك: AEP) أتمت ضمان قرض بقيمة 1.6 مليار دولار من مكتب برامج القرض في وزارة الطاقة الأمريكية في 16 أكتوبر 2025 لترقية ما يقرب من 5,000 ميل من خطوط النقل في إنديانا وميشيغان وأوهايو وأوكلاهوما وفرجينيا الغربية.
من المتوقع أن يوفر التمويل بسعر فائدة تفضيلي للمستهلكين حوالى 275 مليون دولار من تكاليف التمويل على مدار عمر القرض، وأن يدعم استبدال الخطوط في حقوق الطرقات الحالية لنقل المزيد من الطاقة، وأن يخلق حوالي 1,100 وظيفة قطاع الإنشاءات. وتقول AEP إن الترقيات ستعزز الموثوقية وتساعد في تلبية ما يقدَّر بـ 24 جيجاوات من الطلب الجديد المرتبط بمراكز البيانات والذكاء الاصطناعي والتصنيع. حوالى 100 ميل في أوهايو وأوكلاهوما هي أول المشاريع؛ ستتبعها تمويلات ومشاريع إضافية.
American Electric Power (纳斯达克: AEP) 于 2025 年 10 月 16 日完成了美国能源部贷款计划办公室 16 亿美元 的贷款担保，用以在印第安纳州、密歇根州、俄亥俄州、俄克拉荷马州和西弗吉尼亚州升级近 5,000 英里 的输电线路。
以优惠利率进行的融资预计在贷款期限内为客户节省大约 2.75 亿美元 的融资成本，支持现有用地权范围内线路的替换以输送更多能源，并预计创造约 1,100 个建筑岗位。AEP 表示升级将提升可靠性，并帮助满足约 24 GW 的新需求，该需求与数据中心、人工智能和制造业相关。俄亥俄州和俄克拉荷马州的约 100 英里 首批项目；未来将有更多资金与项目跟进。
- $1.6 billion DOE loan guarantee secured
- Estimated customer savings of $275 million over loan life
- Planned upgrade of nearly 5,000 miles of transmission lines
- Approximately 1,100 construction jobs created
- Supports an estimated 24 GW of new demand for AEP footprint
- Only 100 miles are funded as first projects; majority await further funding
- Additional funding and projects required beyond the $1.6 billion guarantee
Insights
DOE loan guarantee of
AEP secured a
The business mechanism is straightforward: federal credit support lowers borrowing costs, enabling capital deployment for line replacements inside existing rights-of-way. The projects target enhanced capacity and reliability to serve estimated incremental demand of 24 gigawatts and support identified loads such as data centers, AI facilities and manufacturing; AEP also cites creation of about 1,100 construction jobs.
Key dependencies and risks include successful local siting and permitting, continued access to DOE-preferred terms for follow-on projects, and rate designs that allocate costs to new large customers as described. If any of these items change, the timing or scale of customer bill benefits could shift.
Watch for the rollout of the next project tranches, specific permitting outcomes in the listed states, and any regulatory filings that reflect how the
The upgrades supported by this financing will replace existing transmission lines in existing rights-of-way with new lines capable of carrying more energy. The upgrades will provide enhanced reliability for customers and facilitate new economic growth opportunities by bringing additional power capacity to the communities AEP serves. AEP estimates that 1,100 construction jobs will be created through these projects.
Energy demand is increasing across AEP's footprint. Customers have committed to business expansions or additions that will require an additional 24 gigawatts of electricity demand by the end of the decade. The upgrades have primarily been identified to support data center, artificial intelligence and manufacturing development and represent generational load growth on the electric system. Seeking federal funding opportunities and implementing rate structures that ensure new large customers are supporting infrastructure investment are some of the ways AEP is working to reduce rate impacts for customers.
"AEP is experiencing growth in energy demand that has not been seen in a generation. As the first company to close a new loan with the Trump Administration under this program, we are excited to get to work on these projects to improve the service we provide to our customers," said Bill Fehrman, AEP chairman, president and chief executive officer. "This loan saves our customers money and improves reliability while supporting economic growth in our states. The funds we will save through this program enable us to make additional investments to enhance service for our customers."
|
State Transco |
Total |
Line Miles Replaced |
Customers Served (Approximate) |
|
Ohio Transco |
76 |
2,122 |
1.5M |
|
I&M Transco |
29 |
1,410 |
600,000 |
|
Oklahoma Transco |
17 |
1,434 |
1.2M |
|
West Virginia Transco |
4 |
26 |
460,000 |
AEP will work with local communities and landowners in siting these critical transmission lines that will power important technology advancements and facilitate economic development for the states and communities AEP serves.
Approximately 100 miles of transmission lines across
About AEP
Our team at American Electric Power (Nasdaq: AEP) is committed to improving our customers' lives with reliable, affordable power. We are investing
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SOURCE American Electric Power
FAQ
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