Electric utility holding company (Nasdaq: AEP)
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Parent company seeking federal funding across its 11-state territory
AEP Texas has closed a $3.26 billion federal loan to rebuild the state's power grid. The money funds roughly 100 projects covering 2,800 miles of transmission lines. Key corridors get double the carrying capacity, aimed at data centers and Permian Basin oil fields.
Updated 1 hour ago
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