American Electric Power

AEP Raises 2026 Earnings Guidance as Contracted Load Hits 69 GW

Image
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

Image
FirstEnergy Names Jon Dormo VP to Lead New Generation Projects

Akron, Ohio – September 08, 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.