Earnings call briefThird-quarter 2026
American Electric Power expects rate base to reach $162 billion by 2031
The company said it expects rate base growth above 13% a year, up from 11% in its prior 2026 through 2030 capital plan.
GetSignal American Electric Power AEP
American Electric Power said on its third-quarter call that it expects rate base to rise from $87 billion in 2026 to $162 billion by 2031. The company also said it has added $22 billion to its capital plan while raising equity funding by $5.2 billion. It said 24% of the incremental investment is expected to be funded through new accretive growth equity.
Quotes from the call
“With this new capital plan, we expect rate base to increase from $87 billion in 2026 to $162 billion by 2031.”
Key facts from the call
- Rate base, 2026
- $87 billion
- Expected 2031 rate base
- $162 billion
- Expected rate base CAGR
- Above 13%, up from 11% in the prior 2026 through 2030 capital plan
- Expected operating earnings CAGR through 2033
- 10%, based on the original 2026 guidance midpoint
Source: American Electric Power's third-quarter 2026 earnings call, October 28, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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