By Ben GlickmanAmerican Electric Power has issued 2024 guidance and outlined a $43 billion five-year capital plan. The Columbus, Ohio-based utility company said it expects adjusted earnings of $5.53 to $5.73 a share in 2024, compared with the $5.59 a share forecast by analysts. The company affirmed its 2023 adjusted earnings guidance of $5.24 to $5.34 a share. AEP said it would invest nearly all of its capital in its regulated businesses as it looks to simplify operations. More than $27 billion of the capital plan will go toward transmission and distribution.

Source: Wall Street Journal November 11, 2023 05:21 UTC