Ohio Energy Inc.
AEP increases capital budget for transmission grid
Send this to a friend
American Electric Power Company Inc. will spend $12.1 billion on capital improvement projects during the next three years, with almost a third coming from transmission projects.
AEP will invest $4.4 billion next year, $3.8 billion in 2016 and $3.9 billion in 2017, the company said Tuesday, ahead of its appearance at the Edison Electric Institute Financial Conference in Dallas.
The Columbus company said last year that it would have capital budgets of $3.8 billion a year from 2014 to 2016, or $11.4 billion. It bumped up its planned 2015 capital spending from $3.8 to $4.4 billion.
At least $4.8 billion of the planned investments will be used to upgrade the company's electricity transmission gird, which is the country's largest. AEP is in the midst of multi-million dollar transmission upgrades in Ohio, I reported last week. The company started the strategy to focus on its regulated transmission projects in 2012.
Most Popular
- Most popular
- Emailed
- Mobile
- Morning Roundup: Wexner wants a refund on his $18 million Ferrari
- Dublin’s Bridge Park West nearly sold out months before construction
- Morning Roundup: JPMorgan Chase whistleblower speaks out
- Riviera developer offers lower density, free land for Dublin schools
- PHOTO TOUR: Inside Columbia Gas’ new Arena District HQ
- Liz Lessner returning to California
- Chintz Room resurrecting memories of Lazarus past – PHOTOS
- LaRosa’s sets opening date for Central Ohio debut
- Morning Roundup: Pro Football Hall of Fame's big expansion plans
- Sbarro tapping into local talent base after moving HQ to Columbus
Email Subscriptions
-
Certified Public Accountant Shelley L. Denney, LLC | Dayton, OH -
Account Executive, New Business Development LOTH | Cincinnati, OH
-
Sales Representatives Precise Leads | Columbus, OH -
Business Development Specialist Consolidated Electric Cooperative, Inc. | Delaware, OH
-
Executive Director Franklin County Convention Facilities Authority | Columbus, OH
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.