American Electric Power is trading higher following an announcement after the market closed on November 12 regarding a significant $100 billion five-year capital investment plan. The company also raised its annual operating earnings growth target to 9-11% through 2031, bolstered by proprietary 765-kV transmission technology designed to meet surging electricity demand from data centers. This positive outlook aligns with broader industry trends, as the Energy Information Administration recently projected that US power consumption will reach record highs in 2026 and 2027 due to the ongoing AI boom.