Investing in Transmission
Nick Akins, AEP chairman, president and chief executive officer, has called AEP Transmission "the flagship" of the organization with good reason. Through 2018, AEP Transmission is expected to add an additional billion dollars a year or more to AEP's rate base, growing its contribution from $700,000 in 2012 to between $6.4 and $8.2 billion in 2018.
This growth is fueled by four trends in the market:
- Regional projects to address generation retirements, to reach renewable sources of power, and to promote economic and market efficiencies
- Local reliability plans
- Aging infrastructure
- Customer-driven projects, such as those supporting the shale gas industry
AEP Transmission's growth strategy involves cultivating a portfolio of businesses under the AEP Transmission Holding Company, or Holdco, a subsidiary of AEP. Holdco is the parent of several companies and investment vehicles that put investment dollars to work, earn a return, and address the nation's need to improve grid reliability.
Barton discusses the electric grid and technological innovation at Senate committee hearing
Lisa Barton, executive vice president, AEP Transmission, participated in a panel discussion on the state of technological innovation related to the electric grid during a U.S. Senate Energy and Natural Resources Committee hearing. The hearing was held March 17. Read more
The trends transforming the electric grid require investment in and expansion of the AEP transmission system. These upgrades keep reliable, affordable electricity flowing to customers who rely upon it every hour of every day. Learn more about AEP's major transmission projects.
For more information about investing in one of the largest electric utilities in the United States, visit the Investors portion of this website.