**AEP Secures $1.6 Billion DOE Loan Guarantee to Upgrade 5,000 Miles of Power Lines**
*October 16, 2025 – 7:12 AM ET*
American Electric Power Company, Inc. (AEP) saw its stock rise by 1.2% in pre-market trading on Thursday following the announcement that it has closed a $1.6 billion loan guarantee from the U.S. Department of Energy (DOE).
This significant funding will be used to upgrade nearly 5,000 miles of transmission lines across five states: Indiana, Michigan, Ohio, Oklahoma, and West Virginia.
The planned upgrades aim to enhance the reliability and efficiency of AEP’s power grid, supporting the company’s commitment to modernize infrastructure and meet growing energy demands in these regions.
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**About AEP**
American Electric Power Company, Inc. is a major electric utility company serving millions of customers throughout the United States. This latest investment underscores AEP’s focus on innovation and infrastructure improvement.
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**Stock Snapshot**
– **Ticker Symbol:** AEP
– **Pre-Market Change:** +1.2%
– **Market Cap:** [Insert Current Market Cap]
– **PE Ratio:** [Insert PE Ratio]
– **Dividend Yield:** [Insert Yield]
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