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Morningstar

Morningstar

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Oct 28, 2026

American Electric Power Company, Inc.: AEP Earnings: $100 Billion Capital Plan and 9%-11% Growth Outlook Set High Bar for Management

Symbols

AEP

Sector(s)

Utilities

Rating

Current Price

128.20

Fair Value

Economic Moat

Stewardship

Summary

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 39% of AEP's capacity is coal, with the remainder from a mix of natural

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Analyst Profile

Andrew Bischof

Senior Equity Analyst

Andrew Bischof, CFA, CPA, is a senior equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers regulated utilities, diversified utilities, and independent power producers.Before joining Morningstar in 2011, Bischof was a senior treasury analyst for Mead Johnson Nutrition. Previously, he was a group audit officer for Bank of America in Chicago, and before that, an auditor for Ernst & Young.Bischof holds a bachelor’s degree in business administration and accounting and a master’s degree in accounting from the University of Wisconsin. He also holds a master’s degree in business administration, with a concentration in finance, from Indiana University’s Kelley School of Business and the Chartered Financial Analyst® and Certified Public Accountant designations.

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