Data Centers Will Have to Make Minimum Power Payments in Ohio [Yahoo! Finance]
American Electric Power Company, Inc. (AEP)
Last american electric power company, inc. earnings: 2/20 06:57 am
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Source: Yahoo! Finance
Most Read from Bloomberg The pact was reached by the Ohio utility owned by American Electric Power Co., the staff of the state's Public Utilities Commission, the state consumer advocate, a manufacturers group and others including Walmart. The agreement, which includes a sliding scale for small and mid-sized data facilities, outlines a process to end the moratorium on new data-center agreements in Central Ohio, AEP said. A decision on the payments will have to be approved by the state PUC. The proposal comes as government officials and power providers grapple with who will pay for an expected surge in electricity demand from data centers running artificial intelligence. In Central Ohio, electricity demand is expected to more than double by 2030. Earlier this month, data-center developers submitted a competing proposal that would have required them to pay a minimum of 75% of their energy use. Most Read from Bloomberg Businessweek ©2024 Bloomberg L.P. Recommended Stories
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AEP
News
- American Electric Power Company's (NASDAQ:AEP) one-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
- American Electric Power Company, Inc. (NASDAQ: AEP) was downgraded by analysts at Scotiabank from a "sector outperform" rating to a "sector perform" rating. They now have a $102.00 price target on the stock, down previously from $105.00.MarketBeat
- American Electric Power Company, Inc. (NASDAQ: AEP) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $102.00 price target on the stock, down previously from $109.00.MarketBeat
- U.S. Climate Tech Founders React To Trump Election Win [Forbes]Forbes
- If EPS Growth Is Important To You, American Electric Power Company (NASDAQ:AEP) Presents An Opportunity [Yahoo! Finance]Yahoo! Finance
AEP
Earnings
- 11/6/24 - Beat
AEP
Sec Filings
- 11/8/24 - Form SC
- 11/6/24 - Form 3
- 11/6/24 - Form 8-K
- AEP's page on the SEC website