Energy Demand

Columbus – – October 19, 2026 -- American Electric Power (AEP) has signed a joint development agreement with X-energy to evaluate a 960-megawatt advanced nuclear project at a former coal plant site in Sullivan County, Indiana, with Amazon funding the development phase and intending to buy the output under a long-term contract.

Amazon would cover facility and operating costs for the length of its contract

Amazon is supporting development through a funding agreement. If the project reaches a final investment decision and proceeds to construction and commercial operation, Amazon plans to purchase the power and cover the costs of the facility and its operations for the contract term. AEP Chairman, President and CEO Bill Fehrman said the agreements with Amazon and X-energy provide the capital protections and financial safeguards AEP has called essential for any nuclear project to proceed.

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.

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.

Ashland – October 12, 2026 -- Kentucky Power has finalized an amended agreement with TeraWulf Inc. that would double contracted electric demand at TeraWulf's Muskie Data campus in Grayson, Kentucky, from 500 megawatts (MW) to 1 gigawatt (GW). The deal includes $100 million in TeraWulf-funded winter bill credits for residential customers, pending approval by the Kentucky Public Service Commission.

TeraWulf funds $100 million in residential winter credits over 10 years

The credits would run over the first 10 years of the contract and begin in 2029. For a typical residential customer, they could amount to about $25 per month during the winter heating season.