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AEP Secures $1.6 billion US Federal Loan Guarantee To Upgrade Power Lines

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    Oct 16 (Reuters) - American Electric Power's (AEP.O), opens new tab unit has secured a $1.6 billion loan guarantee from the U.S. Department of Energy to upgrade nearly 5,000 miles of transmission lines across five states, the utility said on Thursday, as demand surges from power-hungry data centers.


    AEP Transmission will upgrade power lines in Indiana, Michigan, Ohio, Oklahoma and West Virginia, primarily to support data centers, artificial intelligence and manufacturing.


    AEP Secures $1.6 billion US Federal Loan Guarantee To Upgrade Power Lines


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