Talen asks US regulators to reject challenge to Amazon data center deal [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
is being opposed by a group of electric utilities that say the agreement could raise power bills for the general public, according to a filing on Friday. Talen said the challenge, brought by utilities including American Electric Power and Exelon, was inaccurate and that its interconnection agreement for the Amazon data center site would not cause grid reliability problems or spiking power costs for the utility customers. "It is an unlawful attempt to hijack this limited interconnection service agreement amendment proceeding that they have no stake in and turn it into an ad hoc national referendum on the future of data center load," Talen said in its filing with the Federal Energy Regulatory Commission. Technology companies are in a race to access massive amounts of electricity supplies to power and cool the data centers, or giant computer warehouses, needed to roll out technologies like generative AI. Nuclear energy, which is virtually carbon free and provides around-the-clock p
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AEP
News
- American Electric Power Company, Inc. (NASDAQ: AEP) had its price target raised by analysts at BMO Capital Markets from $109.00 to $114.00. They now have an "outperform" rating on the stock.MarketBeat
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- ETR or AEP: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
AEP
Earnings
- 7/30/24 - Beat
AEP
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 3/A
- 10/2/24 - Form 4
- AEP's page on the SEC website