Transmission Remains Priority
The need for a robust transmission system in the United States is as important as ever. Recent historic changes in the transmission industry are presenting opportunities for AEP’s transmission business to become a key earnings driver for the company, and to be a leader in developing a modern national transmission system for the 21st century. And by doing so, we will deliver more reliable service to our customers.
AEP Transmission Holding Company, LLC, is the holding company for our state-based Transmission Companies (Transcos) and our joint ventures. A linchpin of our transmission strategy is the investments we are making through our Transcos to support regional expansion and local grid reliability. We have Transcos that have been approved in Indiana, Ohio, and West Virginia and have conditional approval to operate in Virginia. We also operate Transcos in Michigan and Oklahoma. Applications for additional Transcos are pending in Kentucky, Louisiana and Arkansas. The Transcos can raise capital separately and are able to build new transmission without affecting the balance sheet or credit ratings of the operating companies to support these investments.
Read more about our transmission business and strategy in Opportunities & Risks.