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AEP's Texas unit secures up to $3.26 billion federal loan to upgrade power grid

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AEP's Texas unit secures up to $3.26 billion federal loan to upgrade power grid

American Electric Power’s Texas unit secured a DOE loan of up to $3.26 billion to fund infrastructure investments. The funding is a positive balance-sheet catalyst, supporting capex plans, though it is unlikely to be market-wide given it is company-specific.

Analysis

American Electric Power’s Texas unit secured a DOE loan of up to $3.26 billion to fund infrastructure investments. The funding is a positive balance-sheet catalyst, supporting capex plans, though it is unlikely to be market-wide given it is company-specific.

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AEP0.45

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