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AEP Texas to execute three-year plan to boost resiliency for customers and improve infrastructure

1. AEP Texas plans a three-year $318 million resiliency upgrade. 2. Investment focused on weather-resistant infrastructure and vegetation management. 3. Plan aims to cut outages by preventing 1.3 billion minutes of interruptions. 4. PUCT approved the settlement for this unopposed resiliency project. 5. AEP Texas is growing rapidly, enhancing service reliability across Texas.

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Why Bullish?

The $318 million investment in resiliency enhances AEP's operational stability and reliability. Historically, companies investing in infrastructure see stock appreciation.

How important is it?

The article details a significant investment impacting AEP’s core operations, suggesting potential growth.

Why Long Term?

Improved infrastructure impacts AEP’s long-term operational efficiency and customer satisfaction, potentially increasing market share over time.

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DUKEXCED
, /PRNewswire/ -- AEP Texas will implement a three-year resiliency plan to harden its distribution infrastructure, complete targeted tree trimming and vegetation management work and introduce technologies that will provide better situational awareness to assist in the prevention and mitigation of wildfires. The purpose of the system resiliency plan is to reduce the duration of outages and lower the restoration costs of future storm events. Approximately 80 percent of the resiliency plan involves replacing aging assets with newer equipment that is designed to a higher standard that can better withstand forces from extreme weather events. The Public Utility Commission of Texas (PUCT) approved the unopposed settlement AEP Texas reached with parties at the April 24 open meeting.  The plan includes approximately $318 million of investments over the next three years for a broad set of projects that will prevent approximately 1.3 billion minutes of customer interruptions and save about $71 million in projected restoration costs over the life of these projects. AEP Texas operates as one of the fastest growing transmission & distribution utility companies in Texas. Its service territory extends from the Texas panhandle in the north to the Rio Grande Valley in the south, and from Bay City in the east to Presidio in the west. The AEP Texas service territory has the largest coastal exposure of any Texas utility, and is exposed to a number of extreme weather events including hurricanes, wildfires, icing events, wind events, flooding, tornadoes, tropical storms, etc. For more information, please visit AEPTexas.com About AEP Texas AEP Texas, an American Electric Power (Nasdaq: AEP) company, is connected to over one million customers in the deregulated Texas retail electric marketplace. As an energy delivery (wires) company, AEP Texas delivers electricity safely and reliably to homes, businesses and industry across its nearly 100,000 square mile service territory in south and west Texas. AEP Texas also builds new power lines, restores service following outages and reads the meters via advanced meter technology for retail electric providers (REPs) throughout its service territory. The company also connects or disconnects service upon orders from the REPs. Connect with AEP Texas at AEPTexas.com, on Facebook and on X @aeptexas. SOURCE AEP Texas WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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