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A large, visible capex project with a high-profile client could bolster revenue visibility and justify valuation support, especially if contract terms and financing align with AEP’s strategic goals.
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American Electric Power plans to invest about $4 billion in a fuel-cell project to power Google, signaling a major push into clean-energy infrastructure. If enacted, the deal could enlarge AEP's long-term contracted revenue stream and advance its decarbonization strategy, with Google serving as a major, creditworthy customer.
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